Seeing beyond numbers™
At Laurentian Bank, we believe we can change banking for the better. Founded in Montreal in 1846, Laurentian Bank helps families, businesses and communities thrive. Today, we have over 2,800 employees working together as One Team, to provide a broad range of financial services and advice-based solutions for customers across Canada and the United States. We drive results by placing our customers first, making the better choice, acting courageously, and believing everyone belongs.
This role sits within Laurentian Bank.
The successful candidate will be responsible for the development of quantitative credit risk models used for provision estimation, operational purposes, and stress testing activities. This role ensures that models are developed, validated, and monitored to demonstrate strong performance while prioritizing required updates.
Additionally, this position carries out empirical analyses of business challenges to recommend effective solutions to the organization. As an expert in credit risk quantification, the AVP will provide strategic advice to management on regulatory requirements governing credit risk models and will act as a key resource to enhance risk quantification practices in line with industry best practices.
This role reports directly to the VP, Risk Quantification and Analytics within Credit Risk Management in the Risk & Compliance Department.
Key Responsibilities:

• Lead the development and implementation of credit risk quantification models, ensuring compliance with regulatory requirements and loan loss accounting rules.
• Ensure adherence to model governance policies for all operational, regulatory, IFRS9, and stress testing models.
• Monitor and assess model performance through statistical and empirical testing, including back-testing and scenario analysis, to ensure robustness and reliability.
• Identify and prioritize model changes and updates, ensuring alignment with business and regulatory needs.
• Lead and participate in various large-scale projects and mandates that may significantly impact the Bank’s profitability and operational efficiency.
• Act as a subject matter expert in internal and external committees, representing the Bank with various organizations and stakeholders.
• Partner with business units to develop adequate models that address customer needs and enhance operational efficiency while respecting the risk appetite framework.
• Maintain up-to-date knowledge of current legislation, Bank policies, programs, and procedures, while keeping abreast of market trends and industry best practices.
• Foster a collaborative team environment by managing and developing team members in line with the Bank’s values, policies, and performance management frameworks.

Qualifications:

• Master’s degree in mathematics, statistics, financial engineering, econometrics, or related field.
• 15+ years of experience in credit risk management and quantification.
• 10+ years of experience in a leadership role, with a focus on team development and project delivery.
• In-depth knowledge of regulatory requirements, IFRS9, capital adequacy and statistical quantification methodologies.
• Ability to build strong relationships and negotiate effectively across diverse teams and stakeholders.
• Bilingualism (French/English) is an asset.

What Laurentian Bank has to offer you:
The total compensation offered by Laurentian Bank encompasses a comprehensive range of benefits, highlighting our commitment to the well-being and success of our employees.
Here are some of the key points of our offering:

• The actual annual base salary offered will take into account internal equity, skills, and experience among other factors.
• Total compensation: Earn a comprehensive compensation package that includes annual reviews and performance-based bonuses.
• Work model: We prioritize a hybrid work model based on business needs.
• Stock purchase plan: Become not just an employee, but a Laurentian Bank shareholder. Employer matching takes your investment even further.
• Time off: In addition to paid vacation, we provide floating days and leave options to accommodate the diverse needs of our employees.
• Health and wellness: Take care of your health and well-being with access to healthcare professionals, our Employee and Family Assistance Program (EFAP), and a Stress Management and Well-Being Program.
• Group insurance and pension: We offer a competitive insurance program based on your family’s needs and a defined contribution pension plan to help prepare for your future.
• Financial benefits: As a Laurentian Bank employee, you’re also the best ambassador for our products and services. Take advantage of employee-only offers on a wide range of products. Enjoy exclusive deals and preferred rates on products and services including insurance, hotels, train tickets, spas and many more.

We are committed to creating a fulfilling professional environment where your skills are valued, and your well-being is a priority. Join us for a rewarding career at Laurentian Bank.

Inclusion and Accessibility
At Laurentian Bank, we believe everyone belongs. We are committed to fostering an inclusive work environment that reflects the diversity of our customers and our communities and where everyone feels like they belong and can thrive. To this end, we encourage applications from individuals from equity-deserving groups, including Indigenous persons, racialized and persons with disabilities, marginalized genders and the 2SLGBTQIA+ community.
We strive to offer a flexible and accessible work experience that is inclusive of everyone. If at any time you need an accommodation, please let us know.

PIPEDA
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