Senior Analyst, Quantitative Model Validation (Model Vetting)

The Senior Analyst, Model Validation performs quantitative and qualitative validation of models and non-models developed to assess and analyze market, credit, liquidity, and financial risks. As a member of the independent Model Validation team, you are responsible for validating the soundness of TMX Group subsidiaries’ risk models. You will provide expertise and advice regarding advanced modelling techniques and applications, ensuring that model methodology and implementation meet regulatory requirements and internal policies.

Role Reports to: Head of Model Validation

Model Assessment: Assess model and non-model soundness and risk from technical and functional perspectives, evaluating conceptual soundness, performance, and ongoing monitoring.

Benchmarking: Build financial, risk, pricing, econometric, and forecasting models to benchmark or replicate the results of models being validated.

Risk Mitigation: Make rigorous and balanced decisions on complex issues and provide expertise to ensure TMX Group’s entities are not at undue risk.

Project Leadership: Participate in projects to identify key model risks and controls and assess the soundness of the modelling environment.

Post-Trade Validation: Carry out the validation of Post Trade’s new risk system-related models and non-models.

Policy Development: Participate in the development and update of the Models and Non-Model Risk Policy and methodology.

Reporting: Prepare validation reports and presentations for regulators and executive risk committees.

Collaboration: Coordinate work plans and collaborate with internal stakeholders to ensure reviews and monitoring are completed as planned.

Continuous Improvement: Ensure programs are consistent with worldwide best practices and contribute to the legal and risk department's efficiency.

Knowledge of SQL, VBA, Power BI, or Tableau.

Knowledge of regulatory requirements such as PFMI, OSFI, or EMIR Guidelines.

Experience in the technology and financial services industry.

Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success.

Connection - With site hubs in some of the world’s most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.

Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, our employee-led Team Impact spreads social good via our giving strategy.

Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger “we”. Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived!

Growth - From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.

Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX ? Apply now.

Please note that our company is not currently sponsoring work permit applications and the applicant must be authorized to work in the country where this position is located.

TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.