Posted 3 months ago
CCR Model Validation Consultant
@ Procom
Toronto, Ontario
Overview
BMO is hiring a CCR Model Validation Consultant on a contract basis in Toronto, hybrid with 3 office days per week. The role independently validates Counterparty Credit Risk models, assumptions and documentation, challenges model development, and reports outcomes to business and regulatory stakeholders.
Pay:
$60–$80 an hour
Responsibilities:
- Validate CCR models, assumptions, benchmarks and documentation
- Provide independent challenge during model development and implementation
- Recommend changes, escalate issues and ensure corrective actions
- Advise business groups and communicate validation outcomes
- Support model vetting framework and regulatory compliance
Requirements summary:
- Master's or PhD in math, finance, statistics or engineering
- 3 to 5 years quantitative modeling in financial industry
- In-depth knowledge of calibration and valuation
- Strong programming skills
- Market Risk or CCR model experience
Tools & skills
Source and dates
Employer career site / ATS feed · careerpage
- Employer posting date
- 2026-07-29
- First seen by our source
- 2026-10-11
- Source record updated
- 2026-10-18
These dates describe the source record, not a live verification that the employer is still hiring. Check the original posting.
Job details
| Seniority | Mid level |
| Department | Finance & accounting |
| Experience | 3+ years |
| Work setting | Office |
| Position | Mostly sitting |
| Physical demands | physical low · computer high |
| Languages | English |
| Education | Master’s degree (required), Doctorate (preferred) |
| Fields of study | Mathematics, Mathematical Finance, Statistics, Engineering |
Summary and details written by AI from the posting; the employer’s posting is the authority.
Procom
Saved company profile
Historical company information from a saved The Jobs API profile (LinkedIn/Crunchbase fields). It is not live-verified; figures may have changed. Missing values remain unknown.
Full company description
Procom is one of North America’s leading staffing and contract workforce services providers. Successfully meeting the needs of Fortune 500 clients since 1978, we have 18 offices across North America, with over 12,500 skilled professionals currently on assignment. We are an award winning staffing firm. Discover more about our Best of Staffing award and what real clients and job seekers have to say about working with Procom by checking out our client and talent ratings on ClearlyRated. Procom has long been recognized as a market-leading source of high-performing services and solutions that transform how our clients acquire and manage the very best talent. Relying on the excellence of individuals to make a difference, we know that people matter. And we want to work with you. CNESST License: AP-2504746, AR-2504747, AP-2000583, AR-2000584
- LinkedIn followers
- 195,312
- People associated on LinkedIn
- 1,304
- Reported office locations
- 30 St Clair Ave W, Toronto, Ontario M4V 3A1, CA
- 320 March Rd, 200, Ottawa, Ontario K2K 2E3, CA
- 333 7 Ave SW, Suite 2100, Calgary, Alberta T2P 2Z1, CA
- 10025 - 102A Avenue, Suite 1800, Edmonton, Alberta T5J 2Z2 , CA
- 1021 W Hastings St, Suite 1100, Vancouver, British Columbia V6E 0C3, CA
- 1280 Boulevard Lebourgneuf, 300, Québec, Quebec G2K 0H1, CA
- 1130 Situs Court, Suite 216, Raleigh, North Carolina 27606 , US
- Other recorded names
- Procom
- Specialties
- Hybrid Statement of Work and Contractor Management Technology
- Profile identifies a recruitment agency
- Yes
Procom is one of North America’s leading staffing and contract workforce services providers. Successfully meeting the needs of Fortune 500 clients since 1978, we have 18 offices across North America, with over 12,500 skilled professionals currently on assignment. We are an award winning staffing firm. Discover more about our Best of Staffing award and what real clients and job seekers have to say about working with…
| Field | Value |
|---|---|
| Industry | IT Services and IT Consulting |
| Company size | 201-500 employees |
| Headquarters | Toronto, Ontario |
| Organization type | Privately Held |
| Specialties | Hybrid Statement of Work and Contractor Management Technology |
| Open jobs on Jobsy | 234 |
| View page |
BMO is currently sourcing for a CCR Model Validation Consultant. This is a hybrid contract role in Toronto (3 days in office per week).
Role Overview:
The CCR Model Validation Consultant is responsible for validating Counterparty Credit Risk (CCR) models and assessing model risk to ensure their appropriateness, robustness, and fitness for use within the CCR Replacement Project portfolio. The role involves providing independent challenge during model development and implementation, communicating validation outcomes to business stakeholders, and supporting sound risk management and regulatory compliance.
Key Responsibilities:
Act as a trusted advisor to assigned business groups and influence business objectives.
Recommend and implement solutions based on analysis of issues and business implications.
Develop strategic plans and identify emerging issues to inform decision-making.
Lead research and development for validation of new model types and monitor the model validation program.
Develop validation strategies and independently validate models, assumptions, benchmarks, and documentation.
Identify deficiencies, recommend changes, escalate issues, and ensure corrective actions are taken.
Provide technical advice on model vetting framework implementation and maintain knowledge of regulatory requirements.
Must-Have Skills:
Master’s or Ph.D. degree in Math, Mathematical Finance, Statistics, Engineering, or equivalent quantitative background.
3-5 years of relevant experience in quantitative modeling within the financial industry, specifically with Market Risk/CCR models.
In-depth knowledge of calibration, valuation, risk factor/pricing proxy, and regulatory requirements.
Strong programming skills.
Nice to Have Skills:
Experience with Python or C# programming languages.
Familiarity with Adaptiv Vendor system.
Previous experience in financial institutions or BMO.
Ideal Candidate:
Experience working in a hybrid team environment with both onshore and offshore resources.
Proven ability to lead and integrate monitoring, measurement, and reporting of model validation programs.
Demonstrated capability to represent model validation programs during internal and external regulatory audits.
Strong analytical skills to independently assess model performance and residual risks.
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