City : Surrey

Category : See posting

Industry : Financial Services

Employer : Coast Capital

Location(s): Greater Vancouver Area; Greater Toronto Area

Job Type: Full Time Regular 

myWork Program: Hybrid

Starting Salary Range: $73,800.00 - $101,000.00

Background Screening Requirement: 

• Enhanced Criminal Record Check
• Credit Check
• Identity Verification 
• Employment Verification
• References

Job Purpose

As a Senior Model Validation Analyst, you'll serve as a safeguard, evaluating both new and established models to confirm they are sound, fit for purpose and understandable. This position offers the rewarding opportunity to engage with technological tools and the Quantitative Risk team to support business objectives. We have exciting goals in place for our validation team in the next 5 years. This is a career-building opportunity for an individual to work with a variety of risk models and help play a role in shaping our validation function within the organization.

This role is hybrid remote based out of our Surrey (9900 King George Blvd, Surrey, British Columbia) or Toronto office (3610, 181 Bay Street, Toronto, Ontario). Currently the team meets in office 1-2 times per month at most based on business needs.

Accountabilities

• Conduct end-to-end validation of a diverse range of risk models, including those that support IFRS 9 (Expected Credit Loss), Internal Capital Adequacy Assessment Process (ICAAP), liquidity risk management, and stress testing, to ensure conceptual soundness and technical robustness.
• Perform independent ongoing model performance review and validation, including backtesting and communicating remediation actions.
• Contribute to the development and enhancement of model validation frameworks, leveraging Python and AWS to develop benchmarking analysis and improve the replicability of model output.
• Ensure regulatory and policy compliance by assessing model alignment with OSFI requirements and internal MRM (Model Risk Management) policies and procedures.
• Serve as a subject matter expert on emerging trends in quantitative risk management and financial technology. This includes supporting the enhancement of validation methodologies through continuous education.

Skills & Qualifications

• Bachelor's degree in Mathematics, Statistics, Finance, or a related field
• Certification in Financial Risk Management (FRM) is an asset
• 2-5 experience years with statistical modeling tools and techniques, including direct experience with model validation, quantitative analytics, credit risk (PD / LGD / EAD)
• Experience with credit risk management or OSFI regulations including expected credit loss, capital adequacy requirements and stress testing.
• Expert statistical modeling techniques including experience with Python, AWS and Github.
• Proficient in written and verbal communication skills.
• Preference will be given to candidates with experience in ICAAP, IFRS 9, Stress Testing, OSFI, Back Testing, Gini, KS, Model Risk Management (MRM), FRM, CFA, AWS 

Equity, Diversity & Inclusion at Coast Capital

Don’t meet every single requirement? At Coast Capital, we believe everyone has potential. We are committed to building better, brighter, more inclusive futures for everyone – including our employees. We see the potential in our employees to achieve amazing things and want to invest in your future. If you’re excited about this career opportunity and your experience may not perfectly align with every qualification in this job posting, we still encourage you to apply. You may be just the right candidate for this or other opportunities at Coast Capital.

At Coast Capital, we are committed to equity, diversity and inclusion. We strongly encourage applications from Indigenous Peoples, Black, and racialized persons, persons with disabilities, people of diverse sexual and gender identities and women. We value applicants who have demonstrated a commitment to equity, diversity and inclusion and recognize that diverse perspectives, experiences and expertise benefit of our employees, our members, and our community.

Coast Capital is committed to providing an accessible recruitment experience. If you are a candidate with a disability and require accommodation(s) during any stage of the recruitment process, please contact us at accessibility@coastcapitalsavings.com or 778-391-5836. This contact is intended solely for inquiries or feedback related to accessibility barriers, accommodation requests or alternate format requests. We will work with you to ensure your needs are met. You will only receive a response to inquiries related to these topics.