Business Analyst

Business Analyst – Model Risk Management (MRM) We are seeking an experienced Business Analyst with strong hands-on experience in Model Risk Management (MRM) to support model governance, regulatory requirements, and MRM-related initiatives with our banking client, based in the GTA. Key Responsibilities Partner directly with Model Risk teams, Model Owners, and Model Validators to support MRM processes and initiatives. Gather and document business requirements, workflows, process maps, and functional specifications related to Model Risk Management. Support model governance, model inventory management, model lifecycle management, model validation workflows, and model tiering/classification. Assist with tracking and supporting remediation of model findings, issues, and regulatory requirements. Support implementation and enhancement of MRM platforms and governance tools, such as Archer, OpenPages, or model inventory systems. Help ensure processes align with applicable model risk regulatory frameworks, including SR 11-7 and/or SS1/23. Collaborate with cross-functional stakeholders to identify process gaps and drive improvements across the model governance lifecycle. Required Skills & Experience Strong Business Analyst experience with direct hands-on exposure to a Model Risk Management (MRM) function. Experience with: Model Governance Model Inventory Management Model Validation Workflows Model Lifecycle Management Model Tiering / Classification Model Findings and Issue Remediation Experience working directly with Model Owners, Model Validators, Independent Model Validation (IMV), and Model Risk teams. Knowledge of regulatory model risk frameworks, including SR 11-7 and/or SS1/23. Experience supporting MRM governance platforms or tools such as Archer, OpenPages, or Model Inventory systems. Strong requirements gathering, stakeholder management, process mapping, and documentation skills. Important Note This role requires direct Model Risk Management experience. Candidates whose backgrounds are primarily focused on general data management, risk reporting, risk data, capital markets, trading platforms, or general Business Analysis without direct MRM exposure may not be suitable.

Support model governance and risk management processes by partnering with model owners and validators. Gather business requirements and document workflows to ensure alignment with regulatory frameworks.

Requires direct hands-on experience in Model Risk Management (MRM) and knowledge of regulatory frameworks like SR 11-7 or SS1/23. Proficiency in MRM governance tools such as Archer or OpenPages is highly desired.

• Requirements gatheringPreferred

Identified from the job description. Confirm important requirements above.

• Model Risk Management
• Model Governance
• Model Inventory Management
• Model Validation Workflows
• Model Lifecycle Management
• Model Tiering
• Issue Remediation
• Requirements Gathering
• Stakeholder Management
• Process Mapping
• Documentation
• SR 11-7
• SS1/23
• Archer
• OpenPages

• Finance & Accounting
• Data & Analytics
• Consulting
• Technology

Minimum experience

5+ years

Apply by

Sep 24, 2026

Posting language

English

Working hours

40 hours per week

Seniority

Mid-Senior level

Application method

Direct apply is available