Pay Rate: $55
Location: Toronto ON
Job Type: Contract
Responsibilities Include:
- Effectively identify risks associated with AI/ML models; timely, accurately and independently assess models used in the areas of responsibility; and tactfully provide the recommendations to model owners and users to mitigate the risks.
- Ensure that the models (development, documentation, usage, etc.) are compliant with the Bank's Enterprise Model Risk Framework and are compliant with OSFI/FRB/OCC's requirements.
- Provide advisory support to large-scale projects as required and other work streams as appropriate and requested to ensure that bank's models are in line with industry best practice.
- Support the Director in the development and execution of overall work plan.
- 3+ years of experience pertaining to Fraud, AML transaction monitoring, large language modeling, and/or statistical modeling.
- Hands-on and advanced knowledge in AI/ML models used for financial crime prevention (AML, fraud, and cyber security, etc.) monitoring.
- Good knowledge and relevant training in AI/ML modeling techniques for behavioral and pattern analysis.
- Good knowledge of regulatory requirements on Fraud, AML and AI/ML models; experience in regulatory matters as an asset.
- Master's Degree, PhD. preferred in a quantitative field e.g., Mathematics, Computer Science, Statistics and Engineering.
- Proficiency in computing development skills, particularly statistical and database modeling tools (Python, SAS, R, SQL, Matlab, Access/VBA etc.