**Job Title: Senior Manager, Model Risk, Credit Risk**

**Location:** Toronto
**Job Type:** Full-time

**Job Summary:**
We are seeking a skilled and experienced professional to join our Model Risk Management Team as a Senior Manager, Model Risk, Credit Risk. In this pivotal role within our second-line governance and control, you will oversee the validation of credit risk models, including credit adjudication, account management models, Capital, Stress Testing, and Allowance models. This dynamic position requires a balance of leadership as both a people manager and individual contributor.

**Key Responsibilities:**

- **Model Risk Review and Challenge:** Validate models and assess model risk to ensure appropriateness for designated portfolios. Provide effective challenge during model development and communicate model use decisions to ensure transparency.

- **Stakeholder Engagement:** Manage relationships with model developers, owners, and users. Explain complex technical concepts in accessible language.

- **Project Management:** Recommend business priorities, advise on resource requirements, and develop strategic execution roadmaps. Lead strategic initiatives to achieve business and financial goals.

- **Change Management:** Drive innovation in model risk management, embracing new technology platforms and operating models. Lead change management programs including readiness assessments and stakeholder management.

- **Regulatory Expertise:** Act as a subject matter expert on relevant regulations. Interpret new regulations and assess their impact on validation frameworks.

- **Risk Understanding:** Connect technical issues with business considerations to inform decision-making.

**Qualifications:**

- Postgraduate degree in quantitative fields such as statistics, mathematics, data science, or related fields.
- Minimum of 7 years of experience in model development, validation, or governance within a financial institution, particularly in credit risk.
- Experience with credit risk models, including AIRB, Stress Testing, loss forecasting, and adjudication.
- Proficiency in programming languages such as Python, R, or SAS; experience with SQL or Oracle.
- Familiarity with Big Data tools and Cloud platforms (AWS/Azure) is a plus.

**What We Offer:**

- Salary Range: $92,400.00 - $171,600.00, based on factors like location, skills, experience, and qualifications.
- Comprehensive benefits package including health insurance, tuition reimbursement, and retirement savings plans.
- Hybrid work arrangement: At least 2 days per week on-site in Toronto, with flexibility on remote work.

**About Us:**
BMO is driven by a shared purpose to create lasting, positive change for our customers, communities, and our people. We value your contributions and provide systems of support to help you grow professionally. Committed to an inclusive, equitable, and accessible workplace, we appreciate diversity and are ready to accommodate any needs during the selection process.

**Application Process:**
To apply, please visit our careers page at [BMO Jobs](https://jobs.bmo.com/global/en/Total-Rewards). We do not accept unsolicited resumes from any staffing agencies.

BMO Financial Group is an equal opportunity employer.