Director, Implementation Assurance Testing

Reporting to the VP, Credit Modelling & Methodology, the Director, Implementation Assurance Testing will lead the Implementation Assurance Testing (IAT) team, which is accountable for conducting independent verification and validation of all material credit risk models and reporting systems across provisioning (IFRS9/CECL) and stress testing (CCAR/EWST/MST) programs.

In this role, you will drive the execution of IAT testing protocols, ensure compliance with SOX control requirements, and maintain the integrity of financial and regulatory reporting processes. You will manage BAU assurance testing activities, develop and refine testing methodologies, and coordinate with Credit Modeling & Methodology, Enterprise Model Risk Management, and business partners to validate implementations prior to production deployment.

Responsibilities

• Manage a team of 3 direct reports accountable for executing comprehensive independent verification testing of all credit risk models, system code, and reporting implementations for IFRS9/CECL provisioning and CCAR/EWST/MST stress testing programs.
• Ensure model outputs can be reliably reproduced and are not subject to unauthorized modifications.
• Perform logic and regression testing against approved specifications to validate implementation accuracy.
• Produce standardized documentation to provide independent assurance to senior management, internal and external auditors, model risk management, and regulators on the testing and integrity of model and reporting system implementations.
• Log, prioritize, and communicate issues identified through testing for remediation by process owners.

Develop IAT testing and communicate results

• Develop and continuously refine IAT testing methodologies, protocols, and documentation standards to ensure comprehensive coverage, scalability, and alignment with best practices and regulatory expectations.
• Establish testing governance frameworks that balance rigor with operational efficiency.
• Represent the IAT function at governance forums, model review committees, and with internal & external audit.

Requirements

• 7 - 10+ years related work experience in credit risk or related area with model development, model validation, or quality assurance.
• Knowledge of credit risk methodology, including capital estimation, credit risk/stress testing models, and/or direct experience with Expected Credit Loss implementations.
• Substantial experience with financial models, regulatory reporting systems, and software implementation.
• Experience managing teams and coordinating complex technical projects.
• Demonstrated ability to mentor and develop technical staff.
• Proven ability to execute detailed testing protocols while maintaining strategic perspective.
• Knowledge of Python or similar language(s).
• Knowledge of modern code development and code management best practices.
• Strong technical skills in model testing, code review, and validation techniques.

Nice to Have

• Knowledge of SAS is an asset.
• Project management and/or stakeholder coordination experience.
• Understanding of SOX controls, internal audit requirements, and regulatory compliance.

What’s in it for you?

• A comprehensive Total Rewards Program including bonuses and flexible benefits and competitive compensation.
• Leaders who support your development through coaching and managing opportunities.
• Ability to make a difference and lasting impact.
• Flexible work/life balance options.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• Opportunities to do challenging work.