Auditor/ Model Risk Analyst (Toronto)

Auditor/ Model Risk Analyst (Toronto)

08 Sep
|
Tekstaff IT Solutions
|
Toronto

08 Sep

Tekstaff IT Solutions

Toronto

TekStaff's Client has a current vacancy for " Auditor”

This is a 7 month contract located in Toronto, ON/ Hybrid ( 3 days/week (flexible)

If you require any type of accommodations (for example, accessible interview site, alternate formats of materials, Assistive Technology, ASL Interpreter, etc.) during the recruitment and selection process, please let one of our Recruiters know.

** This information is needed to create a unique Security ID for you in the client's internal system.

Please note - This is a 7.5 hour work day.

*All successful candidates will be subject to a mandatory credit AND criminal check as per the client.

*Please note that all contractors are subject to a possible Holiday Leave program schedule, set by the client.

Typical Day in Role

- Conduct audits as Team Participate or sometimes as Office in Charge (OIC) (for less complex projects) to assess the design and operating effectiveness of model risk management and controls, and ensure business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures.
- Executes assigned audit activities independently as a team member under the direction of the OIC on assignments. This includes a thorough understanding of the business/unit/process and associated risks, completion of audit procedures and testing, discussions with management and documentation of work performed.
- Delivers end-to-end audit execution process within scheduled timeline and ensures nature and extent of testing is appropriate to support the objective, scope and overall opinion.
- Ensures audit findings and results are gathered and timely communicated with identified root cause, associated impact, audit recommendations and management actions that address the root cause. Ensures audit issues/reports are written with a consistent high standard, audit steps/results are clearly documented,



and corrective action/progress against any reported issues are tracked and updated.
- Creates an environment in which his/her team pursues effective and productive operations of his/her respective areas in accordance with client bank’s Values, its Code of Conduct while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions, cyber security and conduct risk.

Candidate Requirements/Must Have Skills

1. 8+ years of experience of developing, validating or auditing statistical / predictive models
2. 3+ years of work experience in Credit and Fraud Risk management, specifically with experience in risk strategy and model development (knowledge of model risk management regulations including E-23 and SR26-2)
3. 3+ years of experience in retail and Business Banking Credit Risk AIRB parameters (PD, LGD, EAD)

Nice-To-Have Skills:
1. 3+ years of relevant experience in Data Analytics, Advanced Analytics, Predictive Modelling and Artificial Intelligence and Machine Learning.
2. Strong knowledge of/experience with modelling techniques and statistical tests and tools (SQL, SAS, R, Python etc.)

Soft Skills Required
- Developed interpersonal and communication skills (verbal and written) to work with staff and management at various levels.
- Ability to work on multiple projects at any given time and work in high levels of ambiguity and changing environment.

Education

Degree in STEM area such as Math, Statistics, Economics, Business etc.

Candidate Review & Selection

1 panel MS Teams Video interview – HM with another Director – 45 minutes – assessing experience in areas mentioned, mix of behavioral and technical questions

Possible 2nd if needed as tie breaker

Hiring Manager’s availability to interview: ASAP

TekStaff may use artificial intelligence (AI) tools as part of the applicant screening process. However, applications will also be reviewed by a member of our Recruitment team to ensure a fair and thorough assessment.

📌 Auditor/ Model Risk Analyst (Toronto)
🏢 Tekstaff IT Solutions
📍 Toronto

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