Ottawa, ON Full-time CA$112,006 - CA$149,341 / year

Export Development Canada (EDC) is hiring a permanent Manager, Model Risk Management. The role leads independent oversight, validation, governance, and reporting for models used across EDC.

Work arrangement: Hybrid, with three in-office days per week. Work from EDC’s headquarters in Ottawa or a Community Hub in Toronto or Montreal. Relocation assistance may be available to eligible candidates.

Compensation: $112,006-$149,341 per year, plus a performance-based incentive.

Responsibilities

- Lead, coach, and develop a team of model risk professionals, ensuring analytical quality and timely delivery.
- Plan and oversee independent, risk-based model validations across areas including credit and financial risk, forecasting, pricing, valuation, capital, stress testing, and advanced analytics.
- Assess model design, data, implementation, performance, limitations, controls, and monitoring; communicate conclusions and recommendations.
- Challenge model developers, owners, and users, and oversee the escalation and remediation of findings.
- Maintain model risk policies, standards, procedures, inventory, risk-rating methods, and management reporting.
- Advise stakeholders on model lifecycle requirements, third-party models,



artificial intelligence, machine learning, and governance.
- Support regulatory examinations and internal audits, and improve methods, tools, data, and processes.

Qualifications

- At least seven years of progressive experience in model risk management, model validation, model development, quantitative risk management, or a related function in a financial institution or regulated environment.
- Experience leading people, complex engagements, or concurrent model reviews.
- Solid knowledge of model risk governance and the model lifecycle, quantitative and statistical methods, and Canadian financial-sector expectations, including OSFI Guideline E-23.
- Excellent judgment, communication, and stakeholder engagement skills, with the ability to maintain independence and effective challenge.
- Bilingual proficiency in English and French at the level required for an EDC leader role.

Graduate education, professional designations, experience with credit-risk or other financial models, AI or third-party model risk, and proficiency in Python, R, SAS, or SQL are assets. Candidates must be legally able to work in Canada and meet government security screening requirements.

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