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Senior Data Scientist – Validation of financial crime models

Apply now Job ID 43176409696 Date posted 01/16/2023

Primary Locations: Montreal, Quebec

Attendance: Hybrid

Employee Status: Regular

Schedule: Full-time

A career in IT at National Bank means contributing to the Bank's transformation and having a direct impact on clients. As a Senior Data Scientist, you will act as an expert advisor for all the stakeholders involved in the lifecycle of models and for management in making decisions needing expert opinions on quantifying and managing risk.

As part of Enterprise-Wide Risk Management at National Bank, the Model Validation and Model Risk Management Group identifies, measures and manages model risks across the Bank.

It is a unique opportunity to join a team looking for an enthusiastic and detail-oriented person with strong interpersonal and analytical skills.

We validate different types of models used by the Bank, in compliance with internal policies and regulatory requirements (including Basel Accords, OSFI E23, etc.):

  • Credit risk models: internal rating systems (PD, LGD, EAD), stress testing, ICAAP models and IFRS 9 models
  • Financial crime models
  • Advanced analytics and artificial intelligence models

Main responsibilities:

  • Support and manage independent validations of anti-money laundering models and scenarios in various sectors of activity and ensure that all differences are correctly documented and reported
  • Evaluate the conceptual soundness of the model (theoretical framework, corresponding algorithms and criteria, mathematical and statistical validity, limits, compliance with regulatory requirements, etc.)
  • Evaluate input data (data quality and relevance, relevant hypotheses, exclusions and outlier processing, model documentation, etc.)
  • Evaluate model precision and performance (model precision, robustness and stability, sensitivity analysis, model backtesting, benchmarking, impact analysis, etc.)
  • Identify model uncertainty and evaluate model
  • Document analyses, observations and conclusion in a validation report
  • Interact with stakeholders (for example, model developers/owners, governance committees and senior management).

Required skills:

  • 2+ years of related anti-money laundering experience
  • Very good working knowledge of Python (preferred), SAS Base, SAS EG, R and SQL
  • A completed Bachelor’s degree in Statistics, Actuarial Science, Finance, Mathematics or a related area of activity and 5 years of experience, or a completed Master’s degree in Statistics, Actuarial Science, Finance, Mathematics or a related area of activity and 3 years of relevant experience
  • Thorough knowledge of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and operational risks
  • Functionally bilingual, spoken and written (English and French), as you will regularly deal with partners (clients, service providers, consultants) across Canada.

Preferred skills:

  • ACAMS (Advanced Certified Anti-Money Laundering Specialist) certification, an asset
  • Knowledge of and/or interest in financial crime risk and artificial intelligence (AI)
  • Strong communication skills and ability to explain technical subjects in a clear and intuitive manner verbally and in writing.

Hybrid work

We want to contribute to your quality of life by offering you as much flexibility as possible in your work. For example, we offer hybrid work (remote and in the office), work schedule arrangements to help you achieve work/life balance, and flexible leave that you can take when it’s important to you.

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.

  • 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
  • Initiatives promoting community involvement
  • Telemedicine service
  • Virtual sleep clinic

These are a few of the benefits available to you. 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 actively listen to employees’ ideas. Whether through our surveys or programs, regular feedback and ongoing communication is encouraged.

People first

We’re a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people. Our mission is to have a positive impact on people’s lives.

Our core values of partnership, agility, and empowerment inspire us, and inclusivity is central to our commitments. We offer a barrier-free workplace that’s accessible to all employees.

We want our recruitment process to be fully accessible. If you require accommodation, feel free to let us know during our initial conversations.

We welcome all candidates! What can you bring to our team?

Are you ready to live your ambitions?



JobField: Risk Management

Unposting Date: 2023-01-29

Job Number: RIS001AQ

Posting Date: 2023-01-16

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