Senior manager, model validation

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.