Avp, Model Validation - Edmonton, Canada - CWB Financial Group

CWB Financial Group

Verified Company

Edmonton, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

At

CWB
, we strive to build value for the people who choose us every day: our people, our clients and our investors

We do this by:

Putting people first and building relationships with intention
Seeking out and embracing new ideas
Believing that how we do things is as important as what we do

Put a new _spin _on your career

The overwhelming majority of our employees say
CWB is a Great Place to Work_

We're different from the big banks in _the way_ we engage our employees - caring, responsive, and armed with an obsession for growing talent.

Our reputation is powered by a people first culture that ensures our employees be and feel heard, promotes inclusivity and diverse viewpoints, and inspires collaboration and innovation.

Our employees love
CWB. You'll love it here too._

Roles Specifications

Location:
Edmonton, AB or Toronto, ON

Hybrid work environments. Collaborative connections. Occasional Travel required.

The opportunity

Areas of focus- Conduct detailed validation of sophisticated financial models including risk, pricing, and valuation models.

Such as AIRB, ICAAP, IFRS-9, credit adjudication, treasury, asset valuation, fraud and AML/ATF models.- Lead and supervise validation projects that require multi-resource involvement and ensure high quality model validation are delivered within timelines.- Assess model performance and stability through back-testing, stress testing and sensitivity analysis.- Review model documentation to ensure transparency, completeness, and compliance with regulatory requirements.- Benchmark models at
CWB to peers as suitable to ensure models are within common industry practices.- Collaborate with model developers, risk managers and other partners to address any identified issues or deficiencies.- Keep abreast of industry standard methodologies, regulatory guidelines, and emerging trends in quantitative finance.- Provide professional mentorship and guidance to partners in model regulation requirements and
CWB's model risk management principles, requirements, and process.

Successful incumbent- Master's or PhD degree in Math/Math Finance, Statistics, Data Science, Economics, or other compatible programs is required.- CFA or FRM Credential is an asset.- Seven (7) years proven experience in model development, model validation or relevant areas.- Five (5) years demonstrated ability in credit risk modeling.

Experience in both wholesale credit and retail credit is an asset.- Experience mentoring individuals throughout an organization.- Experience in data management and assessment.- Experience in regulatory reviews on model risks, capital requirements, or financial crime detection.- Deep knowledge in model risk related regulations and guidelines such as CAR2023/CAR2024, BASEL III/IV, ICAAP, E-23, E-18, E-19, IFRS 9, AML, etc.- Strong quantitative skills in quantitative modeling, model validation, or other financial risk analytics.- Critical thinking to identify gaps, deficiencies, and rooms for improvement in frameworks, systems, procedures, integrity, workflow, data, and other model risk related areas.- Ability to conceptualize sophisticated and highly technical issues and commutate them effectively with peers, management, and regulators.

Why work with us?

Your success is our obsession And our award-winning culture & benefits back it up.

Proudly recognized by Great Place to Work in 2023 as one of Canada's top 50 Best Workplaces & recipient of Waterstone Human Capital's Most Admired Corporate Culture 202- Wellness matters_.

We offer an award-winning benefits package that includes:

Hybrid work environments
Everyday flexibility
Generous company-funded health coverage
Health care spending account
A flexible wellness program
generous time-away options to unplug, rest & recover
Career development.

_ We commit to our employees' development and help them reach their professional goals with:

Organization wide coaching services
Mentorship
Education support & training programs
Bring your whole self to work._ Inclusion is a journey requiring practice & experience to result in a powerful outcome. Your perspective matters & voice will be heard. Find community within the
CWB family in our employee represented groups.

LI-BS1

IND-BS

As an equitable employer,
CWB Financial Group is committed to providing a safe and
- inclusive environment

where a diverse workforce thrives. You are welcomed and encouraged to bring your whole self to work. Dignity, respect and equality are non-negotiables. If you require

accommodation

during any part of the recruitment or selection process, please reach out.

Closing Date: