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Advisor Market Risk Model Validation

Attendance
Hybrid
Job Number
22176
Category
Intermediate Professional
Status: Permanent
Type of Contract
Permanent
Schedule: Full-Time 
Full Time / Part Time?
Full-Time
Posting date
27-Aug-2024
Location: Montreal, Quebec
City
Montreal
Province/State
Quebec
Area of Interest: Risk management

A career as an Advisor in Market Risk Model Validation at National Bank means participating in transformation which has direct impact on clients. You will participate in validating and establishing the acceptability of models, quantifying potential losses as well as model limits. In addition, you will contribute in the model risk governance and management.

You will assist managers in projects requiring validation and governance of models and will act as an expert in your field and advise stakeholders on the related principles.

Your Job

  • Validate market risk models leading to analysis of risk measurement (VaR/sVaR) and profits and losses (P/L)
  • Produce detailed validation reports and make recommendations and suggestions to managers regarding the applications and limitations of the models.
  • Participate in the implementation and management of the dynamic model inventory.
  • Develop model risk measurement and quantification tools to support team activities and the risk management sector.
  • Establish potential model risks in accordance with specifications according to financial literature and theory.
  • You will be involved in various large-scale projects and complex mandates with a significant impact on the Bank's profitability.
  • You will make recommendations to ensure the efficiency of operations and the quality of information in terms of model risk management. To guide decisions of stakeholders, you will perform analyzes and assess the risk.

Your Team

You will report to Leader Market Risk Model Validation and Governance of the Market Risk Model Validation team. It is a medium-size and dynamic team made up of expert employees with a valuable experience. It’s a collaborative team that shares knowledge and supports each other. You will then benefit from this diversified and stable experience. The team reports to the Vice President - Capital Market and Treasury Risk Management of the large risk management family

Prerequisites

  • Completed master's degree, related to the sector of activity
  • Experience in risk management
  • Good knowledge of financial and derivative products
  • Knowledge of the Basel II Accord and up is an asset
  • Good skills in the quantitative field (numerical methods) and in programming (Matlab, Python, etc.)


Languages:
French

Skills

Derivatives Diversity & Inclusion Empathy Finance Initiative Learning Agility Model Risk Modeling Programming Programming Languages Quantitative Analytics Quantitative Finance Risk Management Teamwork

Your benefits

In addition to competitive compensation, upon hiring you’ll be eligible for a wide range of flexible benefits to help promote your wellbeing and that of your family.

  • Health and wellness program, including many options
  • Flexible group insurance
  • Generous pension plan
  • Employee Share Ownership Plan
  • Employee and Family Assistance Program
  • Preferential banking services
  • Opportunities to get involved in community initiatives
  • Telemedicine service
  • Virtual sleep clinic
These are a few of the benefits available to you. We have an offer that keeps up with trends as well as your needs and those of your family. 

Our dynamic work environments and cutting-edge collaboration tools foster a positive employee experience. We actively listen to employees’ ideas. Whether through our surveys or programs, regular feedback and ongoing communication is encouraged.

We're putting people first:

We're a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people.  Our mission is to have a positive impact on peoples' lives. Our core values of partnership, agility, and empowerment inspire us, and inclusivity is central to our commitments. We want to offer an accessible, barrier-free workplace to all employees.

We want our recruitment process to be fully accessible. If you require accommodation, feel free to let us know during your first conversations with us. We welcome all candidates! What can you bring to our team?

Come live your ambitions with us!

Why work at National Bank?

For an environment that supports your career path

There are many varied opportunities for you to progress and develop, and move ahead in your career. This includes on-the-job learning and training, co-development and pairing with other employees, professional support and mentoring, internal career days or discussion forums with our leaders.

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For an inclusive and diverse environment

We foster inclusion in an environment where each person’s unique qualities, whether visible or invisible, are celebrated and valued. We welcome all candidates! What can you bring to our team?

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Discover our culture

Duration: 1 min 25 sec
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