Model Validation Specialist for FC models (Associate)

Permanent contract|Montreal|Risks

Model Validation Specialist for FC models (Associate)

  • Montreal, Canada
  • Permanent contract
  • Risks


The Model Validation Specialist will execute the independent review and challenge of models that support the identification and assessment of Financial Crime at client and transaction levels in the Americas Region, which includes, among other jurisdictions, the US, Canada and Brazil as the major hubs. You will work closely with cross functional teams, including business stakeholders, model developers in Compliance, model validators (Paris, Montreal, and NY offices), IT, auditors, and external parties. Presentation of validation analysis to senior management is in the scope of this role. You will be exposed to a variety of Financial Crime models used by the business and support functions, including models for FC Client Rating, Sanctions Screening, AML Transaction Monitoring and Negative News Screening.

The responsibilities of a Model Validation Specialist might include:

  • Overseeing multiple independent model validation projects concurrently for Compliance models that are used in SG Americas:
    • Defining and presenting the model validation protocol including planning, estimation of resource needs, distribution of tasks, requested documentation, etc. (with the contribution of validation team);
    • Organizing the execution on validation activities (e.g. interaction with 1LOD, preparation of announcement letter, organization of kick-off meeting, etc.) and monitoring the progress of the validation activities for each project;
    • Reviewing and challenging the model validation work (e.g. analyses, testing), working papers and final report;
    • When necessary, conducting detailed analysis/testing of models (e.g. conceptual and theoretical review, independent implementation review, quantifying model risk, etc.);
    • Preparing model validation committee materials (Technical Model Committee, Independent Validation Committee) and contribute to the preparation of MRM committees (Operational Committee, MRM Committee, Enterprise Risk Committee, etc.);
    • Presenting model review results and providing a recommendation on approval decision to the management and/or to committees
    • Managing model review records in shared drive folders and Archer
    • When working with external consultants, establish strong ownership of model review conclusions and appropriate review knowledge (e.g. methodology, results, etc.)
  • Managing/monitoring a portfolio of Compliance models used in SG Americas on a continuous basis:
    • Reviewing Continuous Model Monitoring (CMM) metrics for the Compliance Models, identifying and reporting issues, risks and triggers for review and escalation;
    • Tracking model changes (major and minor changes) notified by the Model Owner in the Financial Crime Unit;
    • Actively managing model validation recommendations, including organization of recommendation review;
    • Managing findings and recommendations raised by Internal Audit or Regulators;
    • Interacting closely with the First LoD for continuous identification and monitoring of emerging model risks/issues;
    • Contributing to the Annual Model Validation planning;
    • Contributing to SG Americas Model Risk Governance topics;
    • Creating a body of knowledge of local and global regulatory requirements for model risk and be aware of market environment.

Profile required

  • Minimum of a Bachelors Degree (Masters or PhD in a quantitative field preferred);
  • 5+ years of experience in Compliance related Models, in the Model Development or Validation;
  • 2+ years experience in managing projects;
  • Programming skills in at least one programming language (e.g. Python, R, C++, SAS, Matlab);
  • Knowledge of statistics is required; Notions of machine learning, Artificial Intelligence is desirable;
  • Experience in large data management and quantitative analysis;
  • Knowledge of model risk management and associated regulatory requirements;
  • Strong verbal and written communication skills with the ability to work with quant and non-quant staff;
  • Team-oriented with a keen sense of ownership and accountability;
  • Project and time management skills to work in a multi-tasking working environment;
  • Bilingual (English and French) is a plus;  

Why join us

At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate.

Our Diversity & Inclusion Mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.

Our Diversity & Inclusion Vision: 
•     Engaged workforce that is demographically diverse in a way that reflects the communities in which we operate
•     Inclusive culture and workplace that recognizes employees' unique needs and utilizes their diverse talents 
•     Engage our community and marketplace, and position the organization to meet the needs of all its clients

For more information about our D&I initiatives, please visit this link (

Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, in order to promote interaction and collaboration with colleagues while adhering to all SG standard protocols.  Hybrid work arrangements vary based on business area.  The applicable Business lines will determine and communicate the work arrangements that best meet their business needs.

Business insight

Société Générale (SG) is multinational banking and financial services company providing services worldwide in 67 countries. Founded in 1864 and headquartered in Paris, SG is France’s third largest bank by total assets. As a global bank, SG core businesses cover Retail Banking in France (Société Générale), International Banking and Financial Services (IBFS), and Corporate and Investment Banking (SG CIB).

Model Risk Management (MRM) team embedded within the Risk Management function in SG CIB is responsible for independent validation of models used in SG America regions (US, Canada and Latin America). The team consists of a diversity of talents. Training, entrepreneurial spirit, and professional development are encouraged in this dynamic team. Among the models that are under the SG Americas MRM scope are the models related to the identification and assessment of Financial Crime (FC) (e.g. FC Client Rating, Sanctions Screening, AML Transaction Monitoring and Negative News Screening).

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

  • Reference: 22000LEH
  • Starting date: immediate
  • Publication date: 2022/07/12