Audit, Risk &

• Compliance 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 the associated model risk and the controls in place to mitigate identified risks. Ensures alignment between values and behaviour that fosters diversity and inclusion. Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance. Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group. Acts as a subject matter expert on relevant regulations and policies. May network with industry contacts to gain competitive insights and best practices. Measures the effectiveness of validation and monitoring framework

• Conducts independent analysis and assessment to resolve strategic issues. Represents the model validation program / portfolio for internal/external regulatory audits and/or examinations. Develops and manages comprehensive information management systems

• Defines business requirements for analytics & reporting to ensure data insights inform business decision making. Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives. assesses and adapts as needed to ensure quality of execution. Leads and integrates the monitoring,



measurement & reporting of the status of the model validation program / portfolio to internal & external stakeholders. Provides input into the planning and implementation of ongoing operational programs in support of the model vetting framework and portfolio. Leads in the design, implementation and management of core business/group processes. 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; 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. Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders. Implements changes in response to shifting trends.



Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience. In-depth / expert knowledge and understanding of model validation, model risk management practices. In-depth / expert knowledge of regulatory requirements. In-depth / expert knowledge &

experience with risk policy frameworks; quality control / testing frameworks. Data driven decision making - In-depth / Expert. 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. #

📌 Senior Manager, Model Validation (Toronto)
🏢 BMO
📍 Toronto