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Model Validator, Compliance role in Montreal’s top employer – leads independent review of BNP Paribas models.
Mid-level data scientist with Python, R, statistical modeling, fraud detection and regulatory compliance expertise needed.
In a changing world, unprecedented challenges require unmatched talent. Join one of Montreal's Top Employers in 2026. We are a dynamic and growing organization having its main establishment located in downtown Montreal and part of a leading international banking institution fully committed to building a more sustainable future. Note that the position may be in the Canadian Branch of BNP Paribas or in one of its subsidiaries based in Montreal.
The position at a glance
RISK Independent Review & Control (RISK IRC) is a special unit within the RISK organization and reports directly to the Group CRO. The independent review arm of the department provides a second line of defense for the use of various types of models and, accordingly, oversees model risk management. RISK IRC is composed of a Model Governance team and several Model Validation groups. The Model Validation groups are responsible for performing an independent effective challenge of the modelling choices in accordance with internal policies, procedures, and standards under different regulations, such as the Federal Reserve Board letter SR26-2. In addition, RISK IRC participates to validation projects for the BNP Paribas Group based in Europe.
In detail
- Conduct independent quantitative reviews of the models used within BNP Paribas in accordance with internal standards and regulatory guidance.
- Leverage existing expertise to perform validation of models in the area of Compliance.
- Provide challenge of conceptual soundness, reasonableness of model output, implementation and any other relevant modelling aspects impacting fit-for-use.
- Work with validation managers to develop an appropriate validation plan to provide effective challenge commensurate with the level of model risk.
- Work closely with different stakeholders in the Compliance stream - as well as with vendors - to help BNPP be compliant with model validation requirements in all the areas we service.
- Prepare and present written information in a clear, concise and grammatically correct manner; distribute reports to senior management detailing risk assessment and concerns.
- Achieve objectives within tight time constraints while balancing competing priorities.
The strengths and skills that will help you succeed
Minimum Required Qualifications
- Advanced degree (Master or PhD) in Statistics, Computer Science, Finance, Economics, or any other related quantitative field.
- 3+ years of experience validating or developing models related to BSA/AML, Fraud, OFAC and financial crime models – ideally those relevant to banking activities.
- Solid quantitative and statistical knowledge of AI and ML techniques, predictive modeling, statistical inference and probability, clustering, etc.
- Attention to detail and ability to manage multiple undertakings simultaneously and with different level of granularity, with a focus on priorities and deadlines.
- Programming experience in statistical or mathematical languages such as Python or R.
- Experience producing high quality written technical documentation.
- Excellent communication and synthesis skills in addition to critical thinking capabilities and passion for learning.
- Knowledge of the English language.
Preferred Qualifications
- Experience in performing and documenting rule testing and tuning activities including back-testing, above- and below-the-line testing, benchmarking, and sensitivity analysis.
- Knowledge of the regulatory requirements (such as former MRM SR11-7, SR26-2, etc.).
- Familiarity with OCC/NYDFS standards or other similar regulatory requirements globally.
- Experience with mentoring junior team members.
- *Given the vast majority of our clients, both internal and external, are based outside of Quebec and Canada, specific language requirements may apply. Professional working proficiency in English language is required.
What’s in it for you
In addition to competitive compensation, we offer flexible benefits including a family and spouse insurance program, a defined contribution pension plan and paid days for volunteering. Hybrid work arrangements are available for most positions. In-office presence is required a minimum of 3 days per week, one of which must be on a Monday and/or a Friday. BNP Paribas provides excellent training and personal development programs, as well as opportunities for career development within the company and internationally.
To find out more about our range of benefits, click here
What you need to know
We will review candidates as they apply, so don’t wait to submit your application;
BNP Paribas is committed to accessibility and inclusion. During the recruitment process, accommodation needs are available at all times for candidates. You will have the chance to make a request for an accommodation during your application.
You must be legally eligible to work in the Greater Montreal area and, if applicable, hold a valid work or study permit. Physical presence in BNP Paribas’ office(s) is an essential function of this position;
If you are applying and accepted to a position which requires working in/for the U.S. securities industry, you will be required to provide your fingerprints and undergo additional background checks by the FBI. BNP Paribas Securities Corporation is required to maintain a supervisory program over the conduct of its Associated Persons; some of your personal data will be transmitted to the United States of America and made available to US regulators. Please reach out to BNPP for additional information; or you can also find an overview here: 3110. Supervision FINRA.org
Diversity, Equity and Inclusion (DE&I) at the heart of our commitments
At BNP Paribas all employees are on an equal footing allowing us to create a work environment that values and respects people for their talents, skills and competences.
BNP Paribas recruits, employs, trains, compensates and promotes regardless of race, religion, colour, national origin, sex, disability, age, and other protected status (Employment Equity Act and Canadian Human Right Act).
To learn more about our DE&I commitments, click here
About us
BNP Paribas is the top bank in the European Union and a major international banking establishment. Present in 63 countries, with more than 180,000 employees, the bank holds key positions in several areas of banking and financial services.
BNP Paribas’ mission is to contribute to a responsible and sustainable economy by financing and advising its clients according to the highest ethical standards, while striving to respond to essential concerns in terms of the environment, regional development and social inclusion.
Since 1961, BNP Paribas has supported large Canadian companies and institutions in their business development by offering a full range of specialized financial services and investment products.
With over 1,400 employees, BNP Paribas in Canada continues to attract experts from diverse fields as well as ambitious young talent from around the world. We are proud to offer our employees a rewarding and international workplace where they can build their professional careers by honing their skills, meeting challenges and enriching their knowledge of the financial industry.
Our certifications and partnerships
Montreal’s Top Employers 2025
Canada’s Best Diversity Employers 2025
Women in Governance – Parity certified - Platinum certification
Pride at Work Canada
Part of Les Affaires top 300 companies in Quebec
Synclusiv
Ready, Willing and Able
Autisme sans Limites
LinkedIn Top Companies 2024
Do you want to discover other BNP Paribas offers in Canada?
Click here: BNP Paribas in Canada Our job offers
*** While the description above describes our ideal candidate, we encourage applicants to apply even if they do not fully meet the complete list of qualifications ***