Manager/Senior Manager, Quantitative Market Risk Models – Financial Engineering and Modeling
Job Description
Description
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Manager/Senior Manager, Quantitative Market Risk Models – Financial Engineering and Modeling
Date: Jul 31, 2025
Location: Toronto, ON, CA, M5C 3G7
Job Type: Permanent
Work Model: Hybrid
Reference code:
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
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Would you like to further develop your career with our exponentially expanding Financial Engineering and Modeling group? Are you up for the challenge to help the most sophisticated Canadian and international clients to solve their quantitative and modelling issues?
What will your typical day look like?
In this role you will help Banking and Finance clients by developing, validating, or reviewing Capital Markets and Market Risk models (e.g., Financial Derivatives Pricing, VaR/ES, Counterparty Credit Risk, xVAs, FRTB, CDOR Transition and CCAR models) based on industry best practices. You may also be able to work in other quantitative and analytical areas such as credit modeling, forecasting and stress testing, customer behavior modeling.
About the team
Deloitte’s Risk, Regulatory & Forensics practice delivers highly specialized advisory solutions for companies facing critical business events where significant value is at stake, in every phase of the economic cycle. Our work is often high profile, high impact, and highly rewarding. If you’re looking for a challenge and an opportunity to grow your career alongside the best and brightest in the industry, you’ll find it in Risk, Regulatory & Forensics at Deloitte. Broaden your skills. Broaden your reach. Broaden your career. It’s all possible at Deloitte.
Enough about us, let’s talk about you
You are someone with:
- 5-15 years of relevant experience spent within Capital Markets and/or Market Risk, on a model development or model validation/vetting team at a major financial institution.
- Strong academic background with a PhD or Master’s Degree in Mathematical Finance, Financial Engineering, or another relevant post-graduate degree (Engineering, Mathematics, Physics, Statistics).
- Solid understanding and hands-on experiences of financial products (e.g., options, swaps, etc.) and their modeling and calibration including numerically solving PDEs, employing binomial trees, and using Monte Carlo methods across a wide range of products, including interest rate, foreign exchange, equity, commodity, and credit derivatives.
- Strong verbal and written communication skills.
- Experience in people management and strong time management skills.
- Solid knowledge of quantitative methodologies in market risks (e.g., VaR, FRTB, CCR, XVA, etc.) and Economic Capital is required.
Total Rewards
The salary range for this position is between $101,000 – $169,000 (Manager) and $126,000 – $234,000 (Senior Manager), and individuals may be eligible to participate in our bonus program. Individuals may be eligible to participate in our bonus program. Deloitte is fair and competitive when it comes to the salaries of our people. We regularly benchmark across a variety of positions, industries, sectors, targets, and levels. Our approach is grounded on recognizing people’s unique strengths and contributions and rewarding the value that they deliver.
Our Total Rewards Package extends well beyond traditional compensation and benefit programs and is designed to recognize employee contributions, encourage personal wellness, and support firm growth. Along with a competitive base salary and variable pay opportunities, we offer a wide array of initiatives that differentiate us as a people-first organization.On top of our regular paid vacation days, some examples include: $4,000 per year for mental health support benefits, a $1,300 flexible benefit spending
Company
Deloitte Canada
Location
Toronto
Country
Canada
Salary
125.000
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