Director, Treasury, Finance, and Stress Testing Model Validation

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 Model Risk Management (MRM) team is responsible for ensuring that model risk is appropriately managed according to the Bank’s Model Risk Policy and Standards and compliant with regulatory requirements. Reporting to the Vice President of MRM, the incumbent will support the VP in fulfilling MRM’s mandate with respect to model validation activities of various Treasury methodologies on asset liability management, interest rate risk and liquidity risk management, as well as methodologies supporting stress testing, finance model validation approaches, etc. The incumbent is expected to play a key role in the development of strategies, processes and procedures to validate all credit risk models applied in production on an enterprise-wide basis, and in executing the required validation procedures. The incumbent will also be responsible for ensuring model risk is appropriately managed according to the Bank’s Model Risk Policy and Framework and comply with regulatory requirements. The incumbent will be instrumental in fostering the relationship with Model Development teams. The work scope includes validating model methodology, evaluating the reasonability of assumptions, identifying model use restrictions and limitations, examining the quality of model inputs; establishing benchmarks; conducting additional quantitative and qualitative analysis, articulating findings, recommendations, and conclusions, and completing the model validation report that meets the bank’s model risk management standards.