Seeing beyond numbers™

At Laurentian Bank, we believe we can change banking for the better. Founded in Montreal in 1846, Laurentian Bank helps families, businesses and communities thrive. Today, we have over 2,800 employees working together as One Team, to provide a broad range of financial services and advice-based solutions for customers across Canada and the United States. We drive results by placing our customers first, making the better choice, acting courageously, and believing everyone belongs.

This role sits within Laurentian Bank.

Reporting to the Senior Manager, Model Validation, the incumbent performs model validation analysis for credit. In this role, you will validate the Bank's models for all types of risk (credit, interest rate, liquidity and market risk, money laundering, etc). This involves conceptual validation (mathematical and statistical models), all operational processes, and model performance monitoring.

Responsibilities

• Perform model validation (conceptual, implementation and performance monitoring) models for quantifying and rating credit risk and other types of risk, based on the model's risk level.
• Establish an independent and compliant model validation process.
• Establish and maintain an inventory of all the bank's related models
• Prepare a validation plan identifying the models that will be subject to validation over the subsequent year.
• Assess and classify the risk presented by each model together with the modelling team.
• Follow up with the modelling team regarding action plans.
• Ensure the integration of quality controls inherent to the end-to-end implementation process.
• Provide value-added advice to model development teams to improve model performance.
• Implement validation and performance monitoring standards in accordance with industry best practices.
• Participate in regular updating of risk modelling management framework documents (policy, directives, procedures).

Qualifications

• Graduate degree in a relevant field (finance, mathematics, statistics, etc.) and two to four years of experience in risk modelling management

• Or an undergraduate degree in a relevant field and four to six years of experience in risk modelling management

• Mastery of the validation or development of models

• Good understanding and interpretation of regulatory requirements

• Experience using modelling tools (SAS, Matlab, or equivalent)

• Ability to summarize complex information to ensure efficient communication

• Outstanding ability to work autonomously and meet deadlines

• Ability to work in a constantly changing environment

• Bilingual* (spoken/written) French and English“

• Professional working proficiency in French and English languages required as position involves frequent written and oral communication on complex matters with internal and external parties in both languages.

What Laurentian Bank has to offer you:

The total compensation offered by Laurentian Bank encompasses a comprehensive range of benefits, highlighting our commitment to the well-being and success of our employees.

Here are some of the key points of our offering:

• The actual annual base salary offered will take into account internal equity, skills, and experience among other factors.
• Total compensation: Earn a comprehensive compensation package that includes annual reviews and performance-based bonuses.
• Work model: We prioritize a hybrid work model based on business needs.
• Stock purchase plan: Become not just an employee, but a Laurentian Bank shareholder. Employer matching takes your investment even further.
• Time off: In addition to paid vacation, we provide floating days and leave options to accommodate the diverse needs of our employees. Plus, as an extra perk, you also get a paid day off to celebrate your birthday.
• Health and wellness: Take care of your health and well-being with access to healthcare professionals, our Employee and Family Assistance Program (EFAP), and a Stress Management and Well-Being Program.
• Group insurance and pension: We offer a competitive insurance program based on your family’s needs and a defined contribution pension plan to help prepare for your future.
• Financial benefits: As a Laurentian Bank employee, you’re also the best ambassador for our products and services. Take advantage of employee-only offers on a wide range of products. Enjoy exclusive deals and preferred rates on products and services including insurance, hotels, train tickets, spas and many more.

We are committed to creating a fulfilling professional environment where your skills are valued, and your well-being is a priority. Join us for a rewarding career at Laurentian Bank.

Inclusion and Accessibility

At Laurentian Bank, we believe everyone belongs. We are committed to fostering an inclusive work environment that reflects the diversity of our customers and our communities and where everyone feels like they belong and can thrive. To this end, we encourage applications from individuals from equity-deserving groups, including Indigenous persons, racialized and persons with disabilities, marginalized genders and the 2SLGBTQIA+ community.

We strive to offer a flexible and accessible work experience that is inclusive of everyone. If at any time you need an accommodation, please let us know.

PIPEDA

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