Department Overview

TMX Group Model Validation Department provides independent, objective validation and an effective challenge of risk models and non-models—primarily for Post Trade (CDS and CDCC) subsidiaries of TMX Group. Model Validation is a core element of the Model Risk Management framework and an essential piece to ensure compliance with regulatory requirements around independent validation of risk models and non-models.

This function is guided by a philosophy of adding value to improve the operations of the organization. It assists the organization by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of the organization’s governance and risk management.

Role Summary

The Senior Analyst, Model Validation performs quantitative and qualitative validation of models and non-models developed to assess and analyze market, credit, liquidity, and financial risks. As a member of the independe...