Audit, Risk & ComplianceThis role sits within the Capital Markets Model Validation team. The successful candidate will be responsible for validating pricing models, working closely with traders, providing model approvals, conducting annual reviews, and assessing model changes and modifications under the broader model validation framework.Ideally, a minimum of 1 year of experience with derivative pricingHowever, we are open to candidates with no direct model development or model validation experience, provided they have a robust quantitative background, including a Master's degree and/or PhD in a highly quantitative discipline.Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and communicates decisions regarding model use to the business to ensure transparency and understanding of models and model risks. Assesses model’s capabilities, stress points and limitations; assesses the associated model risk and the controls in place to mitigate identified risks.Shares technical knowledge of models and validation strategies with team members and stakeholders.Breaks down strategic problems, and analyses data and information to provide insights and recommendations.Troubleshoots model validation issues with team members and stakeholders.Leads or assists with the maintenance, monitoring,



measurement & reporting on the status of the model validation portfolio / program to various internal & external stakeholder audiences.Supports the development and promotion of a business/group program for model validation.Develops validation strategies and plans to ensure appropriate type and level of vetting of models is carried out.Independently validates / tests models and their associated assumptions, benchmarks, and supporting documentation against model vesting process, standards, guidelines and principles; assesses the data for model development as well as inputs to the model; compares validation results with model developer results for replicability.Identifies deficiencies, conditions for model use, recommends changes, and escalates as required; quantifies model risks, documents outcomes and communicates with stakeholders.Provides technical advice and guidance to assigned business/group on implementation of the model vetting framework, and resolution of model risk issues.Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.Monitors and tracks performance; Coordinates and monitors the review and sign-off of model validation reporting including model inventory and model inventory attestations.Qualifications:Typically between 1-2 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.Knowledge and understanding of the model life cycle, model risk management practices.In-depth knowledge &

experience with risk policy frameworks; quality control / testing frameworks.Technical proficiency gained through education and/or business experience.Data driven decision making - In-depth.Salaries for part-time roles will be pro-rated based on number of hours regularly worked. BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. It calls on us to create lasting, positive change for our customers, our communities and our people. We strive to help you make an impact from day one - for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.Accommodations are available on request for candidates taking part in all aspects of the selection process. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.

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📌 Specialist, Capital Markets Model Validation - New or Recent Graduate Opportunity (Toronto)
🏢 Bank of Montreal
📍 Toronto