Senior Model Risk Specialist

International Financial GroupToronto, Ontario

30+ days ago

Salary

CA$55.00 hourly

Job type

Temporary

Job description

Our client, a Top 5 Bank in Canada is looking to hire a Senior Model Risk Specialist to their team for an initial 6-month contract with a possibility of extension / conversion. This role is currently hybrid, 2 days a week in office in Toronto.

Responsibilities Include :

Effectively identify risks associated with AI / ML models; timely, accurately and independently assess models used in the areas of responsibility; and tactfully provide the recommendations to model owners and users to mitigate the risks.
Ensure that the models (development, documentation, usage, etc.) are compliant with the Bank's Enterprise Model Risk Framework and are compliant with OSFI / FRB / OCC's requirements.
Provide advisory support to large-scale projects as required and other work streams as appropriate and requested to ensure that bank's models are in line with industry best practice.
Support the Director in the development and execution of overall work plan.

Must Have Qualifications :

3+ years of experience pertaining to Fraud, AML transaction monitoring, large language modeling, and / or statistical modeling.

Hands-on and advanced knowledge in AI / ML models used for financial crime prevention (AML, fraud, and cyber security, etc.) monitoring.

Good knowledge and relevant training in AI / ML modeling techniques for behavioral and pattern analysis.

Good knowledge of regulatory requirements on Fraud, AML and AI / ML models; experience in regulatory matters as an asset.

Master's Degree, PhD. preferred in a quantitative field e.g., Mathematics, Computer Science, Statistics and Engineering.

Proficiency in computing development skills, particularly statistical and database modeling tools (Python, SAS, R, SQL, Matlab, Access / VBA etc.