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Model Risk Management Analyst
Model Risk Management AnalystFCC / FAC • Ottawa, ON, CA
Model Risk Management Analyst

Model Risk Management Analyst

FCC / FAC • Ottawa, ON, CA
21 days ago
Job type
  • Permanent
Job description

Join to apply for the Model Risk Management Analyst role at FCC / FAC .

Salary Range : $92,310 - $124,890. Term : Permanent. Language : English.

What You’ll Do

  • Conduct independent validation of credit risk, pricing, adjudication and economic forecasting models.
  • Review model design, assumptions, performance metrics, and alignment with business requirements and strategies.
  • Develop and execute validation test plans using Python and other analytical tools.
  • Prepare comprehensive validation reports and socialize findings with stakeholders, ensuring clarity and actionable recommendations.
  • Oversee and coordinate vendor teams, ensuring adherence to project timelines and quality standards.
  • Manage model governance tasks, including maintaining model inventory and ensuring compliance with governance frameworks.
  • Collaborate with model owners, risk managers and governance teams to address validation findings.
  • Ensure adherence to internal policies and standards, and actively contribute to their review and revision.
  • Stay current with regulatory requirements and industry best practices in model risk management.

What We’re Looking For

  • Analytical thinker who can design and develop strategies that give users the information they need to make informed decisions.
  • Creative thinker with research, analytical and problem‑solving skills.
  • Confident communicator who can make complex information easy to understand.
  • Relationship‑builder comfortable making recommendations for improvement and socializing validation results.
  • Ability to manage multiple projects and meet deadlines.
  • Passion for analysis, insights and storytelling.
  • What You’ll Need

  • A bachelor’s degree in agriculture, finance, business, economics, mathematics, statistics, or computer science and at least four years of experience (or an equivalent combination of education and experience).
  • Proficiency in Python or other programming languages for data analysis, data visualization and model testing.
  • Strong understanding of statistical and econometric techniques.
  • Experience with model risk policies, governance frameworks and compliance management, including maintaining model inventory.
  • Hands‑on experience developing or validating financial models, especially those related to credit risk, pricing, adjudication or economic forecasting.
  • Knowledge of regulatory guidelines (e.g., OSFI E‑23, IFRS9, BASEL III).
  • Experience with other programming languages or tools (R, SAS, SQL) and data visualization tools.
  • Familiarity with machine learning and advanced analytics validation methods.
  • At FCC, we’re committed to creating an inclusive, equitable and accessible workplace – one that reflects the communities where we live, work and play. Our team is made stronger through diversity, and we’re dedicated to building a workforce that brings together a range of backgrounds, abilities and perspectives.

    We encourage qualified applicants to apply, including members of these four employment equity groups :

    Indigenous Peoples, Visible minority groups, Persons with disabilities, Women.

    To support an inclusive and accessible candidate experience, we encourage anyone needing an adjustment or accommodation during any stage of the recruitment process to email us at : TalentSupplyRecherch@fcc-fac.ca.

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    Risk Analyst • Ottawa, ON, CA

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