Manager, Credit Risk Models - Financial Engineering & Modeling

Job Type:  Permanent   Work Model:  Hybrid   Reference code:  132112     Primary Location:  Toronto, ON    All Available Locations:  Toronto, ON Our Purpose At Deloitte, our Purpose is to make an impact that matters. We exist to inspire and help our people, organizations, communities, and countries to thrive by building a better future. Our work underpins a prosperous society where people can find meaning and opportunity. It builds consumer and business confidence, empowers organizations to find imaginative ways of deploying capital, enables fair, trusted, and functioning social and economic institutions, and allows our friends, families, and communities to enjoy the quality of life that comes with a sustainable future. And as the largest 100% Canadian-owned and operated professional services firm in our country, we are proud to work alongside our clients to make a positive impact for all Canadians. By living our Purpose, we will make an impact that matters. Have many careers in one Firm. Enjoy flexible, proactive, and practical benefits that foster a culture of well-being and connectedness. Learn from deep subject matter experts through mentoring and on the job coaching -- What will your typical day look like? In this role, you will help our financial services industry (FSI) clients make high-stakes credit risk decisions with informed confidence. Much of your work will focus on validating credit risk models, in addition to model development, benchmarking, and ad-hoc analytical projects. This means that you may challenge the design and assumptions underlying an IFRS 9, AIRB, or CCAR model, investigate how an adjudication or behavioral scorecard model performs under stress, develop a benchmark model using Python or R by leveraging statistics, machine learning and artificial intelligence, or translate complex analyses into clear recommendations for senior stakeholders. Managers are expected to take leadership roles in project development and delivery, providing direction and oversight to junior colleagues, reviewing and guiding analytical work, and communicating findings to clients. They must be able to articulate and defend key conclusions while helping stakeholders understand the implications of results for model risk management, regulatory compliance, and strategic business decisions. This position will appeal to experienced candidates looking for technical depth and variety. You will be involved with multiple portfolios, modelling approaches, financial institutions, and regulatory frameworks. You will use your judgement to identify model limitations, explain their implications, and recommend ways forward. For candidates with backgrounds in banking, consulting, model development, or model validation, this is an opportunity to broaden your exposure while continuing to enhance your deep credit risk expertise. You may also collaborate with team members working in our parallel streams within the Financial Engineering &…