Application deadline: October 20th 2025
Join the EDC Team!
At EDC, we support Canadian businesses to succeed globally. We provide the financial tools and expertise they need to explore new markets, reduce risks, all towards the goal of making Canada and the world better through trade. #LI-Hybrid
Position: Director, Model Risk Management
Employment Type: Permanent
Compensation Details:
· Director Quantitative Analysis 20: Salaries typically range from $ 127,380 to $ 169,838 annually, based on qualifications and experiences, plus a performance-based incentive.
Location:
Export Development Canada operates in a hybrid work environment, currently requiring employees to work in the office 3 days per week. (subject to change)
This role can be performed from EDC’s headquarters in Ottawa or from one of our Community Hubs located in Toronto, Mississauga, Montreal, Brossard, Laval, Calgary, Edmonton, Halifax, or Vancouver.
Relocation assistance is available for candidates who meet the eligibility criteria.
About EDC:
At Export Development Canada (EDC), we empower Canadian businesses to succeed globally. As a financial Crown corporation, we offer innovative financial solutions and expert insights to help businesses explore new markets, mitigate risks, and achieve growth.
Why Join EDC?
Comprehensive Benefits: EDC offers a competitive compensation & benefits package, work-life balance, & the opportunity to help make Canada and the world better through trade.
Work-Life Balance: EDC offers a competitive compensation package & work-life balance. We have hybrid work options, 3 to 4 weeks paid vacation, a corporate closure period, summer early Friday’s & no meeting Fridays.
Professional Development: Take advantage of our continuous learning opportunities, including training programs, workshops and language training.
Inclusive Culture: Be part of a diverse and inclusive workplace that champions employment equity & values diversity of ideas, strengths, & backgrounds to succeed.
Wellness Programs: Access to wellness initiatives, mental health support, and fitness programs to keep you healthy and happy.
Community Engagement: Participate in volunteer opportunities and give back to the community through our various social responsibility programs.
Team Overview:
EDC is seeking a leader to head the Model Risk Management (MRM) team within the Risk Quantification Group. The MRM team provides independent oversight of EDC’s models through governance, validation, and expert advisory, ensuring alignment with sound risk management, capital adequacy, and financial sustainability.
Reporting to the VP, Risk Quantification, the Director will lead a team responsible for model governance, validation, risk reporting, and enterprise advisory. The role requires a proven leader with deep technical expertise, strategic vision, and the ability to influence senior stakeholders while shaping model risk practices tailored to EDC’s size, appetite and mandate.
What you will be doing:
· Lead the development and continuous improvement of EDC’s model risk framework, policies, and standards.
· Oversee independent model validation, assessing conceptual soundness, performance, data quality, implementation, and use.
· Deliver model risk reporting that provides actionable insights to senior management, committees, and Board.
· Build strong relationships to ensure validation findings are business-informed, pragmatic, and aligned with corporate objectives.
· Provide thought leadership on model governance and emerging risks, including AI/ML models.
· Support audit and compliance readiness related to model risk.
· Mentor and develop a high-performing team, fostering a culture of excellence and collaboration.
· Represent EDC externally in industry forums and peer networks to stay current on best practices and trends.
What we are looking for:
· Undergraduate degree in a quantitative discipline (Finance, Mathematics, Statistics, Economics, Computer Science, or related).
· 10+ years of experience in quantitative or model risk management.
· 5+ years in leadership roles, including direct people and performance management.
· Deep expertise in model lifecycle, governance, and validation.
· Strong communication skills with the ability to influence senior and executive stakeholders.
· Proven ability to communicate complex concepts clearly and persuasively, both in writing and in verbal interactions, with senior and executive stakeholders.
· Proven ability to lead teams and manage relationships across complex environments.
· Ability to incorporate feedback from diverse stakeholders, including first-line business units.
· Demonstrated enterprise impact through innovation, collaboration, and problem solving.
· Excellent writing skills.
· Bilingual in both official languages (English and French)
What will make you stand out:
· Graduate degree in a quantitative discipline.
· Professional designations such as Fellow of the Actuarial Society, FRM.
· Experience with credit risk, capital, or insurance models, ideally within a financial services or Crown corporation environment.
· Familiarity with regulatory guidance (Basel, OSFI E-23, IFRS 9, IFRS 17).
Eligibility:
Eligibility: EDC is committed to Fair Employment Practices and preference will be given to a candidate who is able to work legally in Canada at the time of application (Canadian Citizens or Permanent Residents). Candidates must meet the requisite government security screening requirements. The position is open to those who meet all of the essential requirements stated above and whose applications are received by the closing date.
This position is open to individuals who meet all the essential criteria outlined above and submit their applications by the closing date. Ready to make a difference? This is your chance to join a dynamic, growing team and leave your mark on our organization, development finance, and the world.
Apply today!
Want to learn more about EDC? Check our website here https://www.edc.ca
EDC's Commitment to Employment Equity
Export Development Canada (EDC) is dedicated to fostering employment equity and building a diverse workforce. We are committed to creating a safe and inclusive environment that respects people from all cultures, backgrounds, and abilities. At EDC, we nurture a culture of inclusion and belonging where everyone has equal opportunity to grow, develop, succeed, and be their truest selves.
We actively encourage applications from women, Indigenous peoples, visible minorities, persons with disabilities, and members of the 2SLGBTQI+ community.
Your application must clearly demonstrate how you meet all the requirements. We thank all applicants' interest in a career at EDC; however, only those selected for an interview will be contacted. Please note that qualified candidates may be considered for similar roles at this level within EDC.
Should you require any accommodation during the recruitment and selection process, please contact the Recruitment team at accessibility@edc.ca.
