BMO Financial Group
Senior manager, model validation
Job Description
Application Deadline:
Address:
100 King Street West
Job Family Group:
Audit, Risk & Compliance
Responsibilities
Develops validation strategies and plans to ensure appropriate type and level of validation 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.
Identifies where corrective actions are required and escalates per guidelines; monitors and ensures corrective action is taken.
Coordinates and monitors the review and sign...
Address:
100 King Street West
Job Family Group:
Audit, Risk & Compliance
Responsibilities
Develops validation strategies and plans to ensure appropriate type and level of validation 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.
Identifies where corrective actions are required and escalates per guidelines; monitors and ensures corrective action is taken.
Coordinates and monitors the review and sign...