Senior Manager, Model Development

Core Responsibilities

• Develop, enhance, and monitor credit risk models and analytical solutions supporting AIRB, IFRS 9, ICAAP, stress testing, climate risk, and portfolio risk management activities.
• Perform quantitative analysis, model calibration, validation support, annual reviews, performance monitoring, and risk assessments to support business and regulatory requirements.
• Collaborate with Risk, Finance, Data, Technology, Audit, and Model Risk Management stakeholders to deliver high-quality analytical solutions and insights.
• Contribute to the development of a robust data infrastructure for model development and analytics.
• Regularly review data used in model development for required changes/improvements.
• Work with IT and business unit teams to implement and execute models and analyses in support of on-going financial disclosure, regulatory reporting, and ad hoc analyses.
• Prepare model documentation, technical reports, and supporting materials for management, validation, audit, and regulatory reviews.
• Leverage Artificial Intelligence, machine learning, and automation technologies to improve model development, risk monitoring, reporting, operational efficiency, and decision-making processes.
• Ensure model development and analytical activities comply with internal policies, governance standards, and regulatory requirements.

Let's Talk About You

• Master's degree or higher in Statistics, Mathematics, Economics, Finance, Engineering, Data Science, Computer Science, or a related quantitative field.
• 2+ years of experience in credit risk model development, model validation, quantitative analytics, or related areas within financial services.
• Strong knowledge of AIRB, IFRS 9, stress testing, ICAAP, or similar risk management frameworks.
• Advanced programming skills in Python and SQL.
• Experience with statistical modeling, machine learning, and data science techniques.
• Familiarity with Generative AI, AI-assisted analytics, or process automation technologies is strongly preferred.
• Strong technical documentation, presentation, and communication skills.
• Ability to independently manage complex analytical initiatives and deliver high-quality results with minimal supervision.

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.

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