Senior Model Development Analyst (IFRS9/CECL) – Credit Risk Modeling

Location: Hybrid - 2 days a week in Downtown Toronto office

Duration: 6 months with potential extension or conversion to FT

Our banking client is looking for multiple Senior Model Development Analysts to support credit loss allowance modeling and analytics (IFRS9/CECL) within the Credit Risk Modeling function. The role involves developing and validating credit risk models, conducting performance monitoring, and supporting business-critical decisions in a high-pressure environment. The successful candidate will play a key role in regulatory interactions and model lifecycle management, particularly for retail IFRS9/CECL models.

• 7+ years of experience in credit risk model development and/or validation.
• Strong expertise in IFRS9 and CECL modeling for credit loss allowance.
• Proficiency in SAS and Python for model development, data wrangling, and quantitative analysis.
• Advanced knowledge of quantitative financial modeling, risk analytics, and data preprocessing.
• Experience with model risk management, regulatory capital, and stress testing.

• Lead the development and enhancement of IFRS9/CECL models for credit loss forecasting.
• Conduct model performance monitoring and implement improvements as needed.
• Support the end-to-end model lifecycle, including validation, implementation, and regulatory reporting.

• Apply quantitative risk modeling techniques to assess credit risk exposure.
• Collaborate with internal teams and regulators to ensure compliance with industry standards.
• Provide documentation and regulatory reporting support for model governance.

• Utilize Python, SAS, and other statistical tools for data wrangling and model development.
• Conduct ECL decomposition to analyze the impact of macroeconomic changes, portfolio growth, and other risk factors.
• Present findings to senior stakeholders and make data-driven recommendations for business decisions.