Senior Consultant, Model Validation

Our Story & Purpose:

Were Vancity a member-owned credit union built on the principles of inclusion and social justice. Since 1946 our relentless commitment to these values has helped us challenge the status quo and break down barriers. Weve made bold commitments to become net-zero by 2040 across all mortgages and loans and were actively pursuing strategies in Indigenous banking and financial resilience for our members.

As the largest private sector Living Wage Employer in Canada were proud to be consistently recognized as one of the countrys Top Employers. If youre ready to join our team of 2300 diverse individuals access competitive rewards and benefits and be part of a greater movement - apply today!

Your Role in Supporting Our Members:

As a Senior Consultant Model Validation you will provide advanced independent oversight of complex models used across Vancity ensuring they are sound wellâgoverned and aligned with regulatory expectations and our Model Risk Management Framework. Youll play a critical role in validating models across credit fraud capital liquidity ALM and allowances offering effective challenge to model development teams and translating complex quantitative findings into clear dataâdriven insights for senior leaders. Were seeking a highly analytical professional with strong model risk expertise who can influence decisionâmaking and strengthen Vancitys risk governance maturity.

This is a Fullâtime Permanent role based at our Vancity head office and will report directly to the Director Model Risk Management. Our head office is based in Vancouver with a hybrid working model and flexibility for candidates based in British Columbia or Ontario.While this position provides a hybrid work arrangement you will be expected to be onâsite for events and business demands.

How Youll Make an Impact:

• Leading independent validation of complex models across retail and nonâretail portfolios
• Assessing model data methodology assumptions limitations and conceptual soundness
• Confirming model appropriateness for intended use and regulatory alignment
• Providing effective challenge and dataâdriven recommendations to model development teams
• Communicating model risk findings clearly to senior management and governance committees
• Identifying systemic model risk issues and influencing risk acceptance decisions
• Supporting model risk governance activities including inventory maintenance and validation guidelines
• Collaborating across Finance Treasury Risk and business partners to improve data quality and controls
• Providing subject matter expertise on model risk management best practices and regulatory expectations
  
  

What Youll Bring to the Team:

• A university graduate degree in a quantitative discipline such as Finance Economics Mathematics Statistics Engineering or a related field
• A minimum of 8 years of experience in model validation model risk management or quantitative risk analytics within financial services
• Demonstrated experience validating models across areas such as credit risk capital liquidity ALM fraud or allowances
• Strong knowledge of regulatory expectations and industry best practices related to model risk management
• Proven ability to assess complex quantitative methodologies and translate findings into actionable insights
• Experience engaging with senior stakeholders and providing effective challenge in a constructive manner
• Professional designations such as FRM CFA PRM or similar are considered strong assets
• Advanced proficiency with statistical or analytical tools including R Python and SAS used in model development and validation

Extra Skills That Set You Apart:

• Experience working within a regulated Canadian financial institution or credit union environment
• Experience supporting audits or regulatory examinations related to model risk
• Experience working across all 3 lines of defense in Model Risk Management i.e Model Development Validation and Audit.
  
  

Youll Thrive Here If You Are:

• Analytical Able to rigorously evaluate complex quantitative models and identify risk implications.
• Credible Trusted to provide independent wellâreasoned challenge to senior stakeholders.
• Collaborative Effective at working across Finance Treasury Risk and business teams.
• Clear Communicator Skilled at translating technical analysis into actionable insights.
• PurposeâDriven Motivated by contributing to Vancitys longâterm financial sustainability and resilience.
  

We value lived experience so if you are interested in this role we encourage you to apply even if you feel your skills dont perfectly align with those listed.

What Youll Earn:

The salary range for this role is $96600 to $125100 per annum. Base pay offered may vary depending on factors such as relevant qualifications skills previous experience and internal equity. As part of our total rewards package employees may also be eligible for our annual incentive program subject to program eligibility requirements.

Why Youll Love Working Here:

A career at Vancity is more than just a job youre joining a tradition of change-makers who are creating lasting change for our communities. Beyond base pay we offer a comprehensive total rewards package to ensure our employees are empowered to thrive:

• Living Wage Employer: Were the largest private-sector Living Wage Employer in Canada and consistently ranked among Canadas Top Employers.
• Customizable Benefits: Permanent employees receive flexible benefit packages that can be tailored annually to meet evolving needs.
• Generous Vacation: New employees start with 3-4 weeks of vacation per year with additional days earned over time.
• Extra Stat Holidays: In addition to BCs 11 statutory holidays we offer 2 extra days plus care days for personal or family illness.
• Immediate Health Coverage: Health and dental benefits begin on your hire date with three levels of coverage to choose from.
• Defined Benefit Pension: Our retirement plan provides a guaranteed income for life recognizing that retirement looks different for everyone.

Vancity Talent Programs:

Vancity supports an inclusive hiring process for candidates who self-identify as Indigenous Black or Trans. With special permission from the BC Human Rights Commissioner this initiative provides access to career development opportunities prioritized job screening and feedback. Any information you choose to share will be stored securely and used only for recruitment and career development connected to this initiative in line with the BC Personal Information Protection Act (PIPA). For details please see our dedicated Talent Programs job posting.

At Vancity were committed to creating a welcoming and inclusive workplace to help our people and communities thrive and prosper. Diversity in our workforce is integral so that we can truly represent understand and respond to our community needs and deliver on our member experience.

We are also committed to an inclusive barrier-free and accessible recruitment experience for all candidates. If you require any accommodations or support at any stage of the recruitment process (including the application stage) we encourage you to let us know by contacting our Talent Acquisition team at Were here to work with you to ensure your needs are met promptly and effectively. All requests will be handled with the utmost respect and confidentiality so you can participate fully in the process.

Required Experience:

Senior IC