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Director model risk management


This is a Full-time position in Ottawa, ON posted November 6, 2019.

EDC is Canada’s export credit agency, offering information, knowledge and innovative commercial solutions to help Canadian exporters and investors expand their international business.

We take on risk so Canadian businesses can take on the world.

When you join our team, you’ll be helping Canadian companies bring their vision, passion and innovation to the global marketplace.

Your knowledge and expertise will support more than 10,000 Canadian companies and their customers in as many as 200 markets worldwide.

You’ll work shoulder-to-shoulder with the best and brightest in an inclusive, collaborative environment that fosters professional development and success.

And you’ll know that you’re making a difference every day—for companies, for Canada and for the people you work with.

Year after year, EDC has been recognized as a Top 100 and Top Family-Friendly Employer.

Overview EDC is seeking an experienced Director to join the Model Risk Management (MRM) team.

The MRM team is accountable for developing, maintaining, and improving the model risk program at EDC.

The incumbent will lead a team of professionals who perform model governance, review and validation and provide subject matter expertise on model risk management practices and requirements at EDC.

Reporting to the Vice President, Enterprise Risk Management, the Director will primarily be focused on performing 2nd line validation, but also contributing as a subject matter expert within the organization, championing and raising the awareness level of sound model risk practices across EDC and assisting with the ongoing build out of EDC’s model risk management practices.

He/she is expected to bring highly credible technical and business experience.

This role requires excellent communication and interpersonal skills to engage and consult with business areas and define model risk practices and solutions adapted to EDC’s size, complexity and specific mandate.

Discipline Summary Responsible for establishing, maintaining and monitoring principles, practices, processes and standards for Model Risk Management.

The role focuses on developing and supporting the Model Inventory and measuring Model Risk in the areas of liquidity and capital management, insurance underwriting, asset and portfolio management, financial and economic forecasting; and financial monitoring and reporting.

Researches and reviews external best practices, regulatory requirements, and the organization’s risk appetite.

Key Responsibilities Leads the development, implementation and maintenance of Model Risk measurement and aggregation methodologies.

Actively contributes to the Model Risk Management framework development.

Manages stakeholder relationships to ensure model validation findings and recommendations are appropriately informed by business purpose and context.

Ensures validation activities are in compliance with the Model Risk Policy, standards and procedures.

Ensures that Model stakeholders are aware of Model Risk Issues and Limitations identified during Model Validation.

Engages Model Owners and Users to pro-actively identify, assess, monitor and manage Model Risk.

Screening Criteria Undergraduate degree in Accounting, Business Administration, Finance, Mathematics or Computer Science within a quantitative discipline or relatedMinimum of 10 years in quantitative risk managementMinimum 5 years of people management experience including performance management responsibilitiesExpert knowledge of, and/or broad experience in at least one of the following domains: Insurance pricing and reservingEconometrics and economic forecastingAsset and portfolio management modeling Expert-level knowledge of risk management principles and practicesStrong foundation in probability, time series modeling and statistical analysisProficiency with SAS and/or other data software like R or C/C /C#, Python, Matlab, Database (Oracle, SQL etc.) Model validation experienceBilingual in both official languages (French and English) * * However, in the event a qualified bilingual candidate is not found, a qualified unilingual candidate will be considered.

Both bilingual and unilingual candidates are encouraged to apply.

Assets Professional designations such as Fellow of the Actuarial Society or Financial/Professional Risk ManagerA graduate degree in a quantitative discipline (e.g.

Applied/Actuarial Mathematics/Statistics/Finance)Credit risk management experience, preferably in a financial services and/or Crown corporation environment Salary Range $120,000 – $180,000 performance-based incentive Location Please be advised that this position is based at our Head Office in Ottawa.

Relocation assistance is available for eligible candidates.

How to apply Only candidates selected for an interview will be contacted.

Application deadline: Friday, November 22, 2019, 11:59 p.m.

EST on EDC is committed to employment equity and actively encourages applications from women, Aboriginal people, persons with disabilities and visible minorities.

If selected for an interview, please advise us if you require special accommodation.

Candidates must meet the requisite government security screening requirements.