Manager, Treasury Models Validation (Toronto)

Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Responsibilities

Provide effective challenge during model development and communicate decisions regarding model use to the business to ensure transparency and understanding of models and model risks. Assess models’ capabilities, stress points, and limitations; assess associated model risk and the controls in place to mitigate identified risks. Foster a culture aligned to BMO purpose, values and strategy and role‑model BMO values and behaviours in all that they do. Ensure alignment between values and behaviour that fosters diversity and inclusion. Regularly connect work to BMO's purpose, set inspirational goals, define transparent expected outcomes, and ensure clear accountability for follow‑through. Build interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders. Attract, retain and enable the career development of top talent. Improve team performance, recognize and reward performance, coach employees, support their development, and manage poor performance. Act as a trusted advisor to the assigned business/group. Influence and negotiate to achieve business objectives. Recommend and implement solutions based on analysis of issues and implications for the business. Assist in the development of strategic plans. Identify emerging issues and trends to inform decision‑making. Research existing or emerging requirements and related best practices to assist and develop recommendations for changes/enhancements. Help determine business priorities and best sequence for execution of business/group strategy. Conduct independent analysis and assessment to resolve strategic issues. Support development and execution of strategic initiatives in collaboration with internal and external stakeholders. Represent the model‑validation program/portfolio for internal/external regulatory audits and/or examinations. Ensure alignment between stakeholders. Build change management plans of varying scope and type; lead or participate in a variety of change‑management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives. Lead the research and development for validation of new types of models. Lead and integrate the monitoring, measurement and reporting of the status of the model‑validation program/portfolio to internal and external stakeholders. Provide input into the planning and implementation of ongoing operational programs in support of the model vetting framework and portfolio. Lead/participate in the design, implementation and management of core business/group processes. Develop validation strategies and plans to ensure appropriate type and level of vetting of models is carried out. Independently validate/test models and their associated assumptions, benchmarks and supporting documentation against model‑vetting process, standards, guidelines and principles; assess the data for model development as well as inputs to the model; compare validation results with model developer results for replicability. Identify deficiencies, conditions for model use, recommend changes, and escalates as required; quantify model risks, document outcomes and communicate with stakeholders. Identify where corrective actions are required and escalates per guidelines; monitor and ensure corrective action is taken. Provide technical advice and guidance to the assigned business/group on implementation of the model vetting framework and resolution of model risk issues. Develop and maintain in‑depth knowledge of business and related risk‑management requirements and legislative/regulatory directives and guidance. Build effective relationships with internal and external stakeholders. Monitor and track performance; address any issues. Coordinate and monitor the review and sign‑off of model validation reporting including model inventory and model inventory attestations. Focus is primarily on business/group within BMO; may have broader, enterprise‑wide focus. Provide specialized consulting, analytical and technical support. Exercise judgment to identify, diagnose and solving problems within given rules. Work independently and regularly handle non‑routine situations. Broader work or accountabilities may be assigned as needed. Qualifications

5–7 years of relevant experience and a post‑secondary degree in a related field of study or an equivalent combination of education and experience. In‑depth knowledge and understanding of model validation and model risk management practices. In‑depth knowledge of regulatory requirements. In‑depth knowledge and experience with risk policy frameworks; quality control/testing frameworks in finance/economics areas (e.g., MBA). Deep knowledge and technical proficiency gained through extensive education and business experience. Exceptional verbal and written communication skills. Exceptional collaboration and team skills. Exceptional analytical and problem‑solving skills. Exceptional influence skills. Data‑driven decision‑making skills. Benefits

Competitive salary range of $75,900.00 – $141,900.00 with potential for commission structure. Performance‑based incentives and discretionary bonuses. Health insurance. Tuition reimbursement. Accident and life insurance. Retirement savings plans. BMO provides an inclusive, equitable, and accessible workplace. Accommodations available on request for candidates taking part in all aspects of the selection process. EEO Statement

BMO is an equal‑opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, disability, or any other protected status.

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