Requisition ID: 235503
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Supports the design, implementation, and continuous enhancement of the Bank’s Enterprise Model Risk Management processes and oversight of models across market risk, credit risk (retail and non-retail), operational risk, capital, and treasury models, among others, across both domestic and international portfolios.
This position is part of the Model Risk Governance unit within Global Model Risk Management (GMRM), which must ensure governance processes meet internal standards and global regulatory expectations (e.g., OSFI E-23, FRB SR 11-7, PRA SS 1/23), while fostering a culture of accountability, transparency, and continuous improvement.

IS THIS ROLE RIGHT FOR YOU? IN THIS ROLE, YOU WILL:

• Foster a high-performance, inclusive work environment that encourages continuous improvement and cross-functional collaboration.
• Policy & Internal Document Management, Processes, and Controls
• Lead the design, review, and continuous enhancement of the Bank’s enterprise-wide Model Risk Management (MRM) documentation—including the Framework, Policy, and Standards—ensuring alignment with regulatory expectations and stakeholder input.
• Drive the development and refinement of model performance monitoring and issue management frameworks, ensuring exceptions are proactively identified, tracked, and resolved in alignment with enterprise-wide governance documents.
• Oversee the integration of model performance monitoring into policy and procedural documentation, ensuring consistency, clarity, and traceability across all model types and business lines.
• Enhance the model risk rating methodology to support consistent and transparent assessment of model risk across portfolios, incorporating lessons learned and industry best practices.
• Support ongoing governance activities such as policy attestations, regulatory reporting, and assessments of new risk initiatives, ensuring timely and accurate execution. And maintain all process and procedure documents supporting the control administration of the bank’s model inventory
• Design and maintain specific training of model stakeholders to new M&AIRMF governance operating model

Do you have the skills that will enable you to succeed in this role? We’d love to work with you if you have:

• Bachelor’s degree in Business, Data Science, Mathematics, Economics, or degree in business related fields with strong reporting experience preferred.
• 5+ years of related experience in risk management, preferably in model risk management, audit or a related risk identification and reporting function within a financial institution.
• Strong understanding of model risk management principles, including regulatory frameworks (e.g., OSFI E-23, FRB SR 11-7, PRA SS 1/23).
• Proficiency in data analysis and reporting tools such as SQL, Power BI, Excel, VBA, R, Python etc.
• Strong knowledge of internal control design, implementation, testing and documentation
• Knowledge on financial products and models used for various purposes
• Knowledge on model validation, model development or model risk audit practices
• Good knowledge on databases and systems for model inventory management (IBM OpenPages/SAS MRM)
• Excellent analytical and problem-solving skill, with the ability to work independently through complex challenges and tight timelines
• Proactive, self-directed, and able to work independently and collaboratively within a team.
• Strong written and communication skills with the ability to simplify and convey complex technical concepts.
• Strong organizational skills and the ability to manage efficiently multiple priorities under tight deadlines.
• Fluency in Spanish is an asset