Senior Manager, Model Validation

About the role

The Senior Manager, Model Validation reports to the Director of Model Risk Management and supports senior leadership in overseeing model validation activities across the bank. This role is responsible for developing validation strategies, executing validation procedures, and ensuring model risk is managed in line with the bank’s Model Risk Management Framework and regulatory requirements.

Key responsibilities

• Develop and maintain model validation plans, assess model frameworks, assumptions, data quality, and implementation.
• Conduct model testing, including sensitivity, scenario, stress testing, and benchmark analysis, and produce comprehensive validation reports.
• Support model governance by tracking model metadata, assisting with annual attestations, and ensuring compliance with regulatory guidance.
• Engage with model risk stakeholders, set expectations, communicate findings, and provide independent recommendations.
• Educate and influence stakeholders on model risk management best practices and supervise junior validators.

Required profile

• Master’s degree or higher in Mathematics, Statistics, Physics, Engineering, Economics, or a related quantitative field.
• Minimum 5 years (7 preferred) of quantitative modeling or model validation experience in the financial industry.
• Strong understanding of model risk management, governance, and overall risk management principles.
• Excellent analytical, problem‑solving, project management, and communication skills.

Required skills

• Python
• R
• SAS
• C++
• C#
• Java
• MATLAB