Posted last month
Model Risk Management Quant Associate/AVP- Market
@ MUFG Canada
Toronto, Ontario
Overview
MUFG Canada is hiring a Model Risk Management Quant Associate or AVP in its Quantitative Risk Control group. The role performs independent model validation and performance monitoring for trading, capital markets and securitization models. The posting requires 2 to 5 years of financial services or equivalent academic experience.
Responsibilities:
- Independent model validation and performance monitoring
- Assess conceptual soundness and model assumptions
- Test numerical, statistical and computational accuracy
- Support relationships with regulators and internal audit
Requirements summary:
- 2 to 5 years in financial services or equivalent academic experience
- Track record in model development or validation in market risk or pricing
- Working knowledge of a numerical or statistical tool
- Knowledge of model risk regulation such as SR 26-2 and the Volcker rule
Tools & skills
Source and dates
Employer career site / ATS feed · workday
- Employer posting date
- 2026-09-23
- First seen by our source
- 2026-10-08
- Source record updated
- 2026-10-29
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 | 2+ years |
| Hours per week | 40 (estimated) |
| Travel | air: none · ground: none |
| Work setting | Office |
| Position | Mostly sitting |
| Physical demands | physical low · computer high |
| Languages | English |
| Licences & certifications | CFA, FRM |
| Education | Master’s degree (preferred) |
| Fields of study | mathematics, finance, computer science, statistics, operations research |
Summary and details written by AI from the posting; the employer’s posting is the authority.
MUFG Canada
| Field | Value |
|---|---|
| Open jobs on Jobsy | 14 |
Do you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.
Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.
This quantitative analyst within the Quantitative Risk Control (QRC) supports best-practice model risk activities consistent with the MUFG UB Model Governance Program. The models include those used within the various Business Units for supporting Global trading and Capital market activities, Securitization and investment banking.
Major Responsibilities:
- Responsible for Independent Model validation and performance monitoring such as assessing the conceptual soundness, evaluating model assumptions and data integrity, testing model numerical, statistical, and/or computational accuracy, performing outcomes analysis, and reviewing model governance and control process.
- Assess the mathematical, statistical, theoretical and conceptual soundness of each model.
- Verify model performance, i.e. correct implementation, limiting behaving, and response to stress/extreme input condition-stress testing.
- Support relationship with regulators and internal audit.
Requirements:
- 2 to 5 years of experience within the financial services industry and/or equivalent academic experience.
- Proven track record of strong technical model development, model validation, and model oversight in one or more of the following areas: market risk pricing, stress testing, securitization (ABS/CLO/CMBS), Capital market/Trading Pricing and Risk models, IPV models, Rates, Options and FX.
- Working knowledge in at least one of the numerical and statistical tools.
- Knowledgeable of model risk management and associated regulatory requirements such as FRB SR 26-2 and Volker rule, FRTB a plus
- Industry certifications a plus (e.g., CFA, FRM).
- Excellent verbal and written communication skills.
- Experience in global trading and capital market, IPV models, Interest Rates and Currencies pricing and risk management is preferred. Experience in RiskMetrics, Calypso, Murex, QuIC, PolyPaths is preferred
Education:
- Typically requires an advanced degree in mathematics, finance, computer science, statistics, operational research, economics, or other quantitative fields.
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