Questrade Financial Group (QFG) , through its companies - Questrade, Questbank, Questrade Wealth Management, Community Trust Company, Zolo, and Flexiti, provides securities and foreign currency investment, professionally managed investment portfolios, mortgages, real estate services, financial services and more. We use cutting-edge technology to help Canadians become much more financially successful and secure. The ideal candidate will be a catalyst for change, using AI to transform and deliver unparalleled customer experiences and shaping a future where AI empowers our teams to do their best work.

Paid vacation, personal, and sick days for work-life balance Work-life balance in a hybrid environment with at least 3 days in office Opportunities to contribute to community causes We’re looking for our next Senior Manager, Model Validation. We are seeking a highly motivated and experienced Senior Manager to lead the validation of AI/ML and credit risk models within our Risk Management department. This critical role will be responsible for independently validating a wide range of models, including those used for credit card and mortgage origination, account management, and Expected Credit Loss (ECL) calculations.

The successful candidate will possess robust technical skills in model development, validation, and risk management, with a deep understanding of statistical modeling, machine learning algorithms, and regulatory requirements. They will also have excellent communication skills and the ability to effectively collaborate with model developers, business stakeholders, and senior management. Lead and execute independent validation of complex AI/ML and credit risk models, ensuring they are conceptually sound, fair, unbiased, statistically robust, and compliant with regulatory requirements (e.g.,



Define the scope of model validation projects, develop validation plans, and manage projects to completion within established timelines and budgets.

Apply advanced statistical and machine learning techniques to assess model performance, identify potential weaknesses, and propose remediation strategies. Enforce scientific rigor and ethical practices across all AI/ML initiatives. Evaluate model risk, including conceptual soundness, data quality, implementation, and performance monitoring.

Present validation results to model owners, business stakeholders, and senior management. Effectively communicate validation findings and recommendations to model developers, business units, and senior management. Collaborate with stakeholders to address model weaknesses and improve model performance.

Stay abreast of current and emerging regulatory requirements and industry best practices related to model risk management, particularly in the areas of AI/ML and credit risk. Provide guidance and mentorship to junior model validators, fostering a culture of continuous learning and development. Identify opportunities to improve the model validation process and enhance the effectiveness of model risk management.

Evaluate the quality and suitability of data used in model development and validation, ensuring adherence to data governance policies. So are YOU our next Senior Manager, Model Validation? Masters or PhD degree in a quantitative field such as Statistics,



Mathematics,Econometrics, Financial Engineering, or Computer Science.

Minimum 7+ years of experience in model development, validation, or risk management within the financial services industry, with a focus on credit risk and/or AI/ML models. Strong understanding of credit risk modeling techniques, including: Credit scoring and origination models Account management models Expected Credit Loss (ECL) models (IFRS 9) Proficiency in statistical modeling and machine learning algorithms Experience with model validation methodologies and best practices. Strong programming skills in statistical software packages such as R, Python, or SAS.

Excellent written and verbal communication skills, with the ability to effectively communicate complex technical concepts to both technical and non-technical audiences. Knowledge of Canadian regulatory requirements for financial institutions (e.g., Experience with credit card and mortgage portfolios is highly desirable.

Experience with cloud-based model development and deployment is an asset. It includes a comprehensive benefits plan and a competitive incentive (bonus) program for Full-Time Permanent roles.

At Questrade Financial

Group of Companies, with multiple office locations around the world, we are committed to fostering a diverse, inclusive and accessible work environment. Our team reflects the diversity of the communities we serve and operate in. Having a collaborative and diverse team helps us push boundaries to bring the future of fintech into existence—not only for the benefit of our customers, but for those who build their career with us.

Questrade Financial

Group of companies Applicant Tracking System utilizes artificial intelligence (AI) for application screening.

📌 Senior Manager, Model Validation (Questbank) (Toronto)
🏢 Questrade Financial Group
📍 Toronto