Manager, Model Risk Management

Export Development Canada | Exportation et développement Canada

. Lead, coach, and train a team of model risk specialists .

Posted 10/23/2026full-timeOttawa • CanadaSeniorLead💰 CA$112,006 - CA$149,341 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in model risk management, model validation, and quantitative analysis within the financial sector, with a strong focus on governance, regulatory compliance, and effective communication. Proven ability to lead teams, manage complex projects, and influence stakeholders while maintaining objectivity and critical thinking.

Highest-signal resume keywords

Model Risk ManagementModel ValidationQuantitative AnalysisRegulatory ComplianceTeam Leadership

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Model DevelopmentStatistical AnalysisRisk-Based ApproachModel GovernanceData AnalysisPerformance MonitoringDocumentation StandardsModel Lifecycle ManagementRisk-Rating MethodologiesArtificial Intelligence

Soft Skills

Critical ThinkingEffective CommunicationRelationship BuildingJudgmentInfluencing Skills

Industry Keywords

Canadian Financial SectorOSFI Guideline E-23Regulated EnvironmentInternal AuditsGovernance Committees

About the role

Key responsibilities & impact

Lead, coach, and train a team of model risk specialists
Set priorities and maintain high standards for quality, documentation, and timeliness
Plan and oversee model validations and independent model reviews using a risk-based approach
Assess model design, conceptual soundness, data, implementation, performance, limitations, controls, and monitoring
Communicate clear findings and recommendations
Provide constructive challenge to model developers, owners, and users
Oversee the identification, escalation, and remediation of issues and risk acceptances
Update and enhance policies, standards, procedures, inventories, risk-rating methodologies, and management reporting
Monitor the model risk profile and prepare reports and recommendations for senior management and governance committees
Advise stakeholders on the model lifecycle, new use cases, third-party models, artificial intelligence, machine learning, and governance
Build relationships across business teams and control functions
Support regulatory reviews, internal audits, and other assurance activities
Promote continuous improvement of methods, tools, data, automation, and knowledge sharing
Oversee, across EDC, the risks associated with models and other tools used by the organization

Requirements

What you’ll need

Bachelor’s degree in a quantitative discipline such as statistics, mathematics, economics, finance, actuarial science, computer science, engineering, or a related field, or an equivalent combination of education and experience
At least 7 years of progressive experience in model risk management, model validation, model development, quantitative risk management, or a closely related field within a financial institution or regulated environment
Demonstrated experience managing teams, complex projects, or a portfolio of concurrent model reviews
Strong knowledge of model risk governance and the model lifecycle
Strong knowledge of quantitative analysis and statistics
In-depth understanding of the Canadian financial sector’s regulatory expectations, including OSFI Guideline E-23
Excellent judgment, strong critical-thinking skills, and effective written and verbal communication skills
Ability to explain complex technical issues and influence senior stakeholders
Ability to build productive relationships while maintaining independence, objectivity, and critical thinking
Excellent written and verbal communication skills in both French and English
Preference will be given to candidates legally authorized to work in Canada at the time of application
Candidates must meet government security requirements

Benefits

Comp & perks

Performance-based compensation
Competitive compensation and benefits package
Various hybrid work options
Three to four weeks of vacation
Year-end office closure
Shorter summer Fridays
No-meeting Fridays
Continuing learning opportunities
Training programs
Workshops
Language training
Diverse and inclusive workplace
Wellness initiatives
Mental health support
Fitness programs
Volunteer activities
Corporate social responsibility programs
Relocation assistance for eligible candidates