Senior Consultant, Model Validation
About The Position
As a Senior Consultant, Model Validation, you will provide advanced, independent oversight of complex models used across Vancity, ensuring they are sound, well-governed, and aligned with regulatory expectations and our Model Risk Management Framework. You’ll play a critical role in validating models across credit, fraud, capital, liquidity, ALM, and allowances, offering effective challenge to model development teams and translating complex quantitative findings into clear, data-driven insights for senior leaders. We’re seeking a highly analytical professional with strong model risk expertise who can influence decision-making and strengthen Vancity’s risk governance maturity.
Requirements
- A university graduate degree in a quantitative discipline such as Finance, Economics, Mathematics, Statistics, Engineering, or a related field
- A minimum of 8+ years of experience in model validation, model risk management, or quantitative risk analytics within financial services
- Demonstrated experience validating models across areas such as credit risk, capital, liquidity, ALM, fraud, or allowances
- Strong knowledge of regulatory expectations and industry best practices related to model risk management
- Proven ability to assess complex quantitative methodologies and translate findings into actionable insights
- Experience engaging with senior stakeholders and providing effective challenge in a constructive manner
- Advanced proficiency with statistical or analytical tools including R, Python and SAS used in model development and validation
Nice To Haves
- Professional designations such as FRM, CFA, PRM, or similar are considered strong assets
- Experience working within a regulated Canadian financial institution or credit union environment
- Experience supporting audits or regulatory examinations related to model risk
- Experience working across all 3 lines of defense in Model Risk Management i.e Model Development, Validation and Audit.
Responsibilities
- Leading independent validation of complex models across retail and non-retail portfolios
- Assessing model data, methodology, assumptions, limitations, and conceptual soundness
- Confirming model appropriateness for intended use and regulatory alignment
- Providing effective challenge and data-driven recommendations to model development teams
- Communicating model risk findings clearly to senior management and governance committees
- Identifying systemic model risk issues and influencing risk acceptance decisions
- Supporting model risk governance activities including inventory maintenance and validation guidelines
- Collaborating across Finance, Treasury, Risk, and business partners to improve data quality and controls
- Providing subject matter expertise on model risk management best practices and regulatory expectations
Benefits
- annual incentive program
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What This Job Offers
Job Type
Full-time
Career Level
Senior
