A career as a Model Risk Governance Specialist - Framework in the Model Risk Management team at National Bank means acting as a senior governance specialist responsible for evolving, expanding and operationalizing the Bank's established model risk governance framework.
In this role, you help strengthen model risk governance across the organization by translating regulatory expectations, supervisory guidance, internal risk requirements and industry practices into clear, actionable standards and governance requirements. Your ability to interpret complex expectations, make them accessible to stakeholders and embed them into practical processes, controls and accountabilities will help ensure the Bank's model risk framework remains effective, coherent and aligned with oversight expectations. Model Risk Governance Specialist - Quantitative Risk Assessment
Your job - Drive the ongoing evolution, expansion and operationalization of the Bank's established model risk governance framework, including policies, standards, procedures, guidance and supporting governance practices.
- Interpret regulatory expectations, supervisory guidance, audit observations, industry practices and internal risk priorities, and translate them into clear internal requirements that are actionable, measurable and aligned with the Bank's governance objectives.
- Maintain a clear link between external expectations and internal requirements, ensuring that policies, standards and supporting guidance demonstrate how the Bank meets applicable model risk governance expectations.
- Define how model risk requirements should be embedded into day-to-day practices, including accountabilities, processes, controls, documentation expectations, reporting needs and oversight mechanisms.
- Assess the impact of new or evolving requirements on the model risk framework and related enterprise practices, and recommend pragmatic enhancements to maintain alignment and support effective implementation.
- Integrate model risk governance requirements with related enterprise frameworks, including risk management, data governance, technology risk, third-party risk, operational risk, compliance, advanced analytics governance and knowledge management practices.
- Act as a senior advisor to stakeholders by simplifying complex regulatory and governance concepts, clarifying expectations and providing practical interpretation on how requirements should be applied.
- Identify gaps, overlaps or inconsistencies between external expectations, internal requirements and current practices, and recommend enhancements to strengthen the framework, clarify responsibilities and improve adoption.
- Develop clear guidance, communication material and training content to support consistent understanding and application of model risk governance expectations across the Bank.
- Prepare decision-ready materials for senior management and governance committees on regulatory developments, framework changes, implementation impacts, key risks and matters requiring attention or decision.
Your team Within the Model Risk Management sector, you are part of a team of professionals who provide second line of defence oversight for model risk across the Bank. You report to the Senior Director, Model Risk Governance.
Our team stands out for its analytical rigour, proactive governance mindset, collaborative approach and ability to influence model stakeholders across the Bank.
We ultimately aim to offer you maximum flexibility and quality of life. This notably means a hybrid work environment, as well as adaptable working hours.
The Bank values continuous development and internal mobility. Our personalized training programs enable you to master your job and develop new areas of expertise. Tools such as the Data Academy, language training, the Harvard Learning Center as well as coaching and mentoring support are available to you at all times.
Prerequisites - Hold a Bachelor's degree in finance, economics, mathematics, statistics, engineering, computer science, data science, law, risk management or a related field and 7 years of relevant experience; OR a Master's degree in a quantitative, finance, legal, technology or risk-related field and 5 years of relevant experience.
- Experience in model risk management, risk governance, regulatory policy, compliance, internal audit, control functions, model validation or risk management in financial services.
- Strong understanding of governance frameworks, policies, standards, procedures, control environments, regulatory expectations and senior management reporting.
- Good knowledge of model risk management principles, including model lifecycle governance, model inventory, validation, monitoring, issue management and reporting.
- Experience interpreting regulatory expectations, supervisory guidance or internal risk requirements and translating them into practical policies, standards, procedures, controls or guidance.
- Experience evolving, expanding, maintaining or operationalizing governance frameworks, operating models, roles and responsibilities, documentation standards or control expectations.
- Ability to assess the impact of regulatory or framework changes and define practical implementation approaches across multiple stakeholder groups.
- Strong writing skills, with the ability to draft clear, structured and actionable policies, standards, procedures, guidance and executive materials.
- Ability to simplify complex governance or regulatory topics and explain them clearly to both technical and non-technical audiences.
- Ability to exercise sound judgment, challenge constructively and influence stakeholders in a complex governance environment.
- Strong analytical and communication skills, with the ability to identify key issues, connect requirements across frameworks and formulate clear recommendations.
- Advanced proficiency with Microsoft Office, especially Word, PowerPoint and Excel; experience with governance, risk and compliance tools or workflow platforms is an asset.
Languages: English, French
Reason to require this language: you will need to discuss frequently with our service providers or partners who speak a language other than French.
SkillsPress space or enter keys to toggle section visibility
Analytical Skills Stakeholder Engagement Influence others Synthesis Management Collaboration
Your benefits In addition to competitive compensation, upon hiring you'll be eligible for a wide range of flexible benefits to help promote your wellbeing and that of your family such as:
* Health and wellness program, including many options
* Flexible group insurance
* Generous pension plan
* Employee Share Ownership Plan
* Employee and family assistance program
* Preferential banking services
* Involvement in community initiatives
* Telemedicine service
* Virtual sleep clinic
We have an offer that keeps up with trends as well as your needs and those of your family.
Our dynamic work environments and cutting-edge collaboration tools foster a positive employee experience. We value employees' ideas. Whether through our surveys or programs, regular feedback and ongoing communication are encouraged.
