Model Risk Specialist - Fraud Model Validation
BMO — Toronto, ON, CAN
Posted 2026-10-20
Application Deadline: 11/08/2026 Address: 100 King Street West Job Family Group: Audit, Risk & Compliance Bring your quantitative expertise to one of the most critical areas of risk management and business decision-makin g. In this role, you'll validate and challenge models that support fraud detection, anti-money laundering (AML) risk management, and marketing strategy initiatives across the bank. You'll apply statistical, machine learning, and analytical techniques to assess model performance, identify risks and limitations, and provide independent oversight that helps drive sound, data-driven decisions. Working closely with model developers, business stakeholders, and risk partners, you'll play a key role in strengthening model governance, advancing model risk management practices, and ensuring models are fit for purpose, transparent, and appropriately managed throughout their lifecycle. Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and communicates decisions regarding model use to the business to ensure transparency and understanding of model