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Employment Type

Full time Permanent / Contract

Location

Toronto Downtown Office

Responsibilities

- Conduct independent validation of models, including AML risk, climate risk, credit risk, market risk, liquidity risk and forecasting models;
- Review conceptual soundness, theoretical foundations, data inputs, assumptions, and methodology;
- Perform backtesting, benchmarking, and sensitivity analyses to assess model performance and stability.

Compliance & Governance

- Ensure models comply with internal governance policies, OSFI/Basel regulatory standards, and other applicable frameworks;
- Document validation processes, methodologies, and findings in comprehensive validation reports;
- Track remediation of validation issues and follow up with model owners.

Stakeholder Engagement

- Collaborate with model developers, risk managers, and business units to communicate findings and ensure issues are addressed;
- Present risk assessment and validation results to senior management and committees, highlighting risks and recommendations.
- Stay updated on emerging model risk management trends, regulatory expectations, and AI/ML validation practices;
- Recommend enhancements to model validation methodologies, tools, and frameworks.

Qualifications

- Master’s degree or PhD in Quantitative Finance, Mathematics, Statistics, Computer Science, Engineering or related field;
- 2-5 years of experience in model validation, quantitative analytics, or risk management;




- Previous experience in AML and climate risk models are preferred;
- Strong proficiency in statistical modeling, econometrics, and / or machine learning;
- Programming skills in Python, R, SAS;
- Familiarity with SQL and database management;
- Understanding of financial risk models (AML, climate risk, stress testing, IRRBB, etc.) and / or ML model lifecycle;
- Familiarity with regulatory guidance (Basel III / IV, OSFI E-23, SR 11-7, etc.);
- Strong analytical, communication, and report-writing skills;
- Ability to work independently and handle multiple projects simultaneously.

Recruitment Process, Privacy and Accessibility Notice

We thank all applicants for their interest in career opportunities with Industrial and Commercial Bank of China (Canada) (“ICBK”). Please note that only shortlisted candidates will be contacted.

ICBK is committed to fostering an inclusive and accessible recruitment process. If you require accommodation at any stage of the application or interview process, please inform us and we will work with you to address your needs. For more information on our accessibility commitment, please refer to Accessibility at ICBK on our corporate website.

To learn more about how ICBK collects, uses, and safeguards personal information provided during the recruitment process, please refer to the ICBK Privacy Statement for Recruitment and Employment available on our corporate website.

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Apply on Kit Job: kitjob.ca/job/2g97cg

📌 Manager, Model Validation (Toronto)
🏢 Industrial and Commercial Bank of China (Canada)
📍 Toronto