Sign up to access all features of our service.
  • Job search
  • Favorites
  • Create a CV
    New
  • Salaries
  • Subscriptions

Senior Manager, Model Validation

Full-time

Eq Bank

Join a Challenger

At EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions. 

We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.

What's kept us moving? The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.

If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity. 

We can’t wait to get to know you! 

The Work



The Senior Manager, Model Validation reports to the Director, Model Risk Management, and supports the Director and the VP, Model Risk Management, with respect to all aspects of model validation activities within the Bank. The incumbent is responsible for assisting in the development of strategies to validate models through effective challenge and for executing the related validation procedures. The incumbent will also be responsible for ensuring model risk is appropriately managed in accordance with the Bank’s Model Risk Management Framework and applicable regulatory requirements. This includes models for credit and treasury risk management (such as AIRB and IFRS 9 ECL models, interest), interest rate risk, liquidity, and stress testing approaches used to support ICAAP.

The incumbent will be instrumental in fostering relationships with model risk stakeholders. The scope of work includes validating model methodology, evaluating the reasonableness of assumptions, identifying the model effective range of use, limitations, assessing the quality of model inputs, developing benchmark analysis, articulating and communicating identified issues and recommendations, drawing conclusions, and creating model validation reports in accordance to the Bank’s Model Risk Management Framework (MRMF). The incumbent’s primary focus will be on conducting model validation activities. The incumbent may also support model governance activities, such as self-assessments against regulatory guidance and requirements, as well as risk reporting.

Model Validation Projects (85%)



  • Develop model Elaborate model validation strategies and maintain model validation plans.

  • Assess the appropriateness of the model framework with respect to current or planned use, its assumptions, mathematical implementation, underlying data, and system implementation.

  • Assess the modeling data from extraction to preparation, cleansing, and treatment for model development suitability. Review and conduct model testing, including outcome analysis through sensitivity, scenario, and stress testing; conduct benchmark analysis; review implementation and user acceptance testing.

  • Produce validation reports in accordance with the MRMF, including the identification of model limitations, weaknesses, effective range of model use, and assess the level of model risk according to the MRMF principles.

  • Ensure effective communication with model risk stakeholders by setting expectations, obtaining and providing model-related information, and communicating model risk issues and independent recommendations during the validation process.

  • Support model governance by ensuring that model metadata is captured and tracked accurately in the model risk management system, and support other model governance related activities such as annual model attestation or model risk reporting.

Model Risk Management Culture Enablement and Stakeholder Relationship (15%)



  • Stay current with industry trends and practices in model risk management and act as a sounding board for model risk stakeholders.

  • Educate, influence, and hold accountable key stakeholders accountable for managing model risk in accordance with the Bank’s MRMF and relevant regulatory guidelines.

  • Provide independent feedback to model developers and/or risk management groups during model development to proactively identify and remediate model risk issues. Such input should be managed effectively to ensure that Model Validation independence is not compromised. 

  • Promote knowledge sharing. In their capacity, the incumbent may provide supervision to more junior validators.

  • Develop and maintain effective relationships with model risk stakeholders across the Bank, and act as a trusted advisor regarding model risk management.

  • Escalate difficult or complex project-related issues, as appropriate.

 

 

Let's Talk About You!



  • A Master’s degree or higher in Mathematics, Mathematical Finance, Statistics, Physics, Engineering, Economics, or an equivalent quantitative discipline.

  • Minimum of 5 years of experience (7 years preferred) in quantitative modeling and/or model validation within the financial industry.

  • Experience within financial services or another highly regulated environment strongly preferred.

  • Strong understanding of model risk management and governance.

  • Strong understanding of risk management principles and practices.

  • Strong experience with programming languages, which may include Python, R, SAS, C++, C#, Java, and MATLAB. 

  • Excellent analytical and problem-solving capabilities.

  • Excellent project management, time management, and organizational skills.

  • Excellent technical documentation and report-writing skills.

  • Excellent communication skills.

What we offer [For full-time permanent roles]

 

Competitive discretionary bonus 

✨ Market leading RRSP match program

Medical, dental, vision, life, and disability benefits

Employee Share Purchase Plan

Maternity/Parental top-up while you care for your little one

Generous vacation policy and personal days 

Virtual events to connect with your fellow colleagues

Professional development and comprehensive Career Development program

A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

 

The incumbent will be working hybrid and in office time will be spent working from EQ Bank’s additional office space located at 2200-25 Ontario Street, Toronto, ON .



Equity, Diversity & Inclusion

EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported. We believe our organization is stronger — and our people thrive — when we honour and celebrate diverse experiences, identities, and perspectives. We’re equally committed to supporting your growth, both professionally and personally.

We provide a barrier‑free recruitment process and work environment. If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond.

As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application, an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.

EQB Inc. (TSX: EQB) is the parent company of Equitable Bank, the country's seventh-largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank™. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration. 

To learn more, visit eqb.investorroom.com and eqbank.ca .

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses and identifying potential inconsistencies or verification signals in application materials based on available information. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.

Vacancy posted 21 days ago
Similar jobs that could be interesting for youBased on the Senior Manager, Model Validation in Toronto, ON vacancy
  •  ...businesses that power our economy, this could be your next big opportunity.  We can’t wait to get to know you!  The Work The Senior Manager, Model Validation reports to the Director, Model Risk Management, and supports the Director and the VP, Model Risk Management, with respect... 
    Senior
    Full time

    eqbank

    Toronto, ON
    24 days ago
  •  ...We can’t wait to get to know you!  The Work   The Senior Manager, Risk Analytics, Models & Insights is a senior individual contributor responsible...  .... Perform quantitative analysis, model calibration, validation support, annual reviews, performance monitoring, and risk... 
    Senior
    Hourly pay
    Permanent employment
    Full time
    Internship
    Work at office

    Eq Bank

    Toronto, ON
    22 days ago
  •  ....  We can’t wait to get to know you!  The Work  The Model Risk Management (MRM) team is responsible for ensuring that model risk is appropriately...  ...the VP in fulfilling MRM’s mandate with respect to model validation activities of various Treasury methodologies on asset... 
    Suggested
    Hourly pay
    Permanent employment
    Full time
    Internship
    Work at office

    Eq Bank

    Toronto, ON
    a month ago
  • $190k - $260k per year

     ...CaptivateIQ is transforming the way companies plan, manage, and optimize the models that run their business. We started by revolutionizing incentive...  ...time. Partner deeply with Engineering. Work closely with senior and staff+ engineers on data models, schemas, APIs, system... 
    Senior
    Full time

    Captivateiq

    Toronto, ON
    2 days ago
  •  ...get to know you!  The Work The Manager, Risk Data & Model Implementation (“MDMI”) reports to the...  ...Data & Model Implementation and other Senior Management concerning all aspects of Enterprise...  ...with model development, model validation, and IT teams to ensure model... 
    Senior
    Hourly pay
    Permanent employment
    Full time
    Internship
    Work at office

    Eq Bank

    Toronto, ON
    22 days ago
  • $150.66k - $175.66k per year

     ...Place to Work ®, five years in a row! As a  Senior Modeling & Simulation (M&S) Engineer , you will develop models, tools, and simulations of next-generation space...  ...future commercial payload opportunities ~ Validate digital twins and models against in-space... 
    Senior
    Full time
    Internship
    Work at office
    Remote work
    Relocation package

    Kepler Communications Inc.

    Toronto, ON
    more than 2 months ago
  •  ...its employees! LAPORTE is seeking a senior pharmaceutical validation engineer or specialist with ideally...  ...validation engineer will play a key role in managing validation activities, including...  ...scope of validation activities; Manage client accounts. Requirements:... 
    Senior
    Full time
    Work at office
    Flexible hours
    2 days per week

    LAPORTE L.E.I.

    Toronto, ON
    more than 2 months ago
  •  ...power our economy, this could be your next big opportunity.  We can’t wait to get to know you!  The Work   The Senior Manager, Risk Analytics, Models & Insights is a senior individual contributor responsible for the development, enhancement, implementation, monitoring... 
    Senior
    Full time

    eqbank

    Toronto, ON
    25 days ago
  •  ...humanity. We’re training and deploying frontier models for developers and enterprises who are...  ...We are seeking an Agent Harness Product Manager to own the execution layer that makes...  ...possible: ensuring harness design decisions are validated by Modeling before they are built, that... 
    Full time
    Work at office
    Remote work
    Flexible hours

    Cohere

    Toronto, ON
    more than 2 months ago
  •  ...Reporting to the Director, Organization Design, the Senior Manager, Organization Design & Operating Model is responsible for independently leading significant...  ...this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for... 
    Senior
    Hourly pay
    Permanent employment
    Full time
    Contract work
    Internship
    Work at office

    Eq Bank

    Toronto, ON
    24 days ago
  •  ...Together we have over $142 billion in combined assets under management and administration, with a clear mandate to drive change...  ...'s Best Banks list since 2021.  The Work   The Senior Analyst - Cyber Threat Modeling and Risk supports the Threat Modeling and Risk... 
    Senior
    Hourly pay
    Permanent employment
    Full time
    Work at office

    Eq Bank

    Toronto, ON
    more than 2 months ago
  •  ...A career as a  Senior Manager, Onboarding in the National Bank Trust team at National Bank means acting as a strategic integration lead for...  ...Demonstrate strong knowledge of securities custody, operational service models, transition activities and client onboarding practices.  •... 
    Senior
    Full time
    Bank staff
    Flexible hours

    National Bank

    Toronto, ON
    21 hours ago
  •  ...Senior Modeler Join us on our journey and help us create our next unannounced linear adventure game which is set in historical China and features a realistic visual style and authentic traditional combat gameplay. The project is making use of Unreal Engine 5 and is co-developed... 
    Senior
    Work at office

    Highdive

    Toronto, ON
    12 days ago
  •  ...The Associate Director, REM Modelling ("ADRM") is responsible for the...  ..., Treasury, Model Risk Management (MRM), and other stakeholders...  ...is complete, transparent, and validation-ready. Support internal audits...  ...actionable business insights for senior stakeholders. Communicate... 
    Senior
    Hourly pay
    Permanent employment
    Full time
    Internship
    Work at office

    Eq Bank

    Toronto, ON
    a month ago
  •  ...Position: Senior Project Manager  Location: Toronto, ON (Hybrid) Job ID#: RQ11437 Duration: 5 Months...  ...our proven QMS- Quality Management System Staff Development Model. We are a 100% Indigenous owned company. Learn more... 
    Senior
    Full time

    Symbiotic Digital

    Toronto, ON
    2 days ago
  • $145.9k per year

     ...our customers . We’re looking for a Senior Product Manager, Supply to be part of our Ecosystem...  ...internal influence, work through data models with engineers, and see how everything...  ...one: shaping strategy amid ambiguity, validating with customers, and earning adoption.... 
    Senior
    Long term contract
    Full time
    Temporary work
    For contractors
    Internship
    Work at office
    Local area

    Jobber

    Toronto, ON
    2 days ago
  •  ...and motivated Intermediate Environmental Modeler to join our team. The ideal candidate...  ...and be involved in model verification and validation activities. It is expected that the successful...  ...our in-house programmer, project managers, team members, and other modelling specialists... 
    Full time

    Egis Group L.p

    Toronto, ON
    more than 2 months ago
  • $115k - $135k per year

     ...-being of Canadians. As a leading wealth management organization, we are committed to leadership...  ...We’re looking to fill an opening for a Senior Manager, Talent Management to join our...  ...enterprise wide values & behaviours leadership model and framework, translating business... 
    Senior
    Full time
    Internship
    Shift work

    Aviso Wealth

    Toronto, ON
    a month ago
  • $65k - $115k per year

     ...the Role   We are looking for a strategic, results-driven Senior Project Manager with a strong foundation in CRM and Customer Experience (CX...  ...~ Strong understanding of CRM platforms, customer data models, and customer journey frameworks.   ~ Bachelor's degree in... 
    Senior
    Full time
    Work at office

    VML Canada

    Toronto, ON
    3 days ago
  •  ...and network of partnered tech companies. Our Account Management team is organized into pods, consisting of Senior Account Managers (SAMs), Junior Account Managers (...  ...within the pod to refine account strategy, validate recommendations, and escalate higher-level concerns... 
    Senior
    Long term contract
    Full time
    Apprenticeship
    Internship
    Remote work

    Amz Advisers

    Toronto, ON
    3 days ago
  • $130k - $140k per year

     ...distance.   About the role:   The Senior IT Audit Manager is responsible for leading independent,...  ..., walkthroughs, control testing, issue validation, and final report preparation. Evaluate...  ..., IIA Standards, and the Three Lines model. ~ Practical experience assessing IT... 
    Senior
    Full time
    Work at office
    Remote work
    Relocation
    Monday to friday
    Flexible hours

    Peoples Group 2025

    Toronto, ON
    15 days ago
  • $140k - $160k per year

     ...Overview: The Senior Product Manager sets a clear, compelling product vision and is accountable for...  ...with current AI tooling, evaluate models and vendors, and write the prompts, agents...  ...developing hypotheses and gathering insights to validating assumptions and building conviction for... 
    Senior
    Full time
    Summer work
    Casual work
    Internship
    Work at office

    Guidepoint

    Toronto, ON
    25 days ago
  •  ...About the Role We are seeking a Senior Product Manager to own and evolve critical areas of Phoenix...  ...data to evaluate product performance, validate hypotheses, and continuously improve outcomes...  ...: Through our asynchronous care model, Phoenix is reimagining patient-centric... 
    Senior
    Long term contract
    Full time
    Internship
    Work at office
    Remote work
    Flexible hours

    The Phoenix

    Toronto, ON
    a month ago
  •  ...Timezone) .   THE ROLE: As a Senior Project Manager at APPLY, you'll play a critical role in...  ...leader. APPLY delivers through an agentic model in which human practitioners work...  ...human-only baseline, and measurable value validation — not simply story counts and burn.... 
    Senior
    Full time
    Work at office
    Remote work
    Flexible hours

    E2x Is Now Part Of Apply Digital

    Toronto, ON
    a month ago
  • $110k - $120k per year

     ...to hear from you! We are seeking a Manager of Risk Analytics & Modeling - Forecasting, to work under the direction...  ...accurate and precise time series models and forecasts that deliver the...  ...analysis, on time, to Executive and Senior Management ~​​Go beyond the surface... 
    Senior
    Full time
    Internship
    Work at office
    Flexible hours

    Financeit

    Toronto, ON
    28 days ago
  • $110k - $150k per year

     ...CaptivateIQ is the leading Sales Performance Management solution, recognized by Forrester and G2,...  ...We’re looking for a highly strategic Senior Content Marketing Manager to own the complete...  .... Establish an editorial governance model including voice and tone, messaging... 
    Senior
    Freelance
    Remote work
    Work from home
    Flexible hours

    Captivateiq

    Toronto, ON
    4 days ago
  • $145k - $180k per year

     ...Senior Hydrogeologist/Groundwater Modeler ITASCA North America | Canada-based About the role ITASCA North America is seeking a Senior Hydrogeologist...  ...technical insight. Your work may support mine water management, dewatering and depressurization strategies,... 
    Senior
    Long term contract
    Full time
    Temporary work
    Remote work

    ITASCA North America

    Toronto, ON
    28 days ago
  • $125k - $150k per year

     ...as a EV Charging Specialist - Testing & Validation  with our multinational EV manufacturing...  ...in the total comp plan can be made for a senior level candidate. We are helping...  ...to support the testing, deployment, and management of EV charging infrastructure projects for... 
    Senior
    Permanent employment
    Full time
    Work at office
    Local area
    Flexible hours

    Tech Talent International

    Toronto, ON
    more than 2 months ago
  •  ...here. Overview / Summary As a Senior AI Product Manager at Litmus Automation, you will lead the...  ...(SIs) to drive joint discovery, validate use cases, and co-develop AI-enabled solutions...  ...~ Experience with machine learning models and lifecycle management ~ Background... 
    Senior
    Full time
    Internship
    Shift work

    Litmus, Llc

    Toronto, ON
    more than 2 months ago
  • $110k - $135k per year

     ...current product lineup. Working closely with senior leaders across the company, you’ll help...  ...product strategy, launch plans, operational models, and execution priorities for new...  ...insights, experimentation, and emerging tools to validate assumptions, guide prioritization, and improve... 
    Senior
    Long term contract
    Full time
    Work at office
    Remote work
    1 day per week

    Fig

    Toronto, ON
    more than 2 months ago

Do you want to receive more vacancies?

Subscribe and receive similar vacancies to Senior Manager, Model Validation. Be the first to apply!