This Solicitation opportunity from Government of Canada was posted on August 29, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

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Model Validation Services

Closed

20250392International

Submission Closed08/29/2025, 02:00:00 PM UTC

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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NAICS: 541690

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2 days ago

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AI Contract Overview

The Office of the Superintendent of Financial Institutions, an independent agency of the Government of Canada, is seeking an independent third party to provide model validation services. The project will support the Risk Quantification Division in validating a specific model or tool used to assess macro scenario impacts. This work is critical for independently assessing the reporting of Federally Regulated Financial Institutions, executing stress scenarios, and performing sensitivity analysis to inform regulatory policy and capital adequacy requirements. This federal solicitation, identified by number 20250392, specifies Toronto as the place of performance. Interested parties must submit their responses by the deadline of August 29, 2025, at 2:00 PM. Primary inquiries and communications regarding this opportunity are directed to Aleksandra Green within the agency's contracting department.

General Info

OSFI seeks third party model validation services in Toronto by August 29, 2025.

Agency

Government of Canada → Office of the Superintendent of Financial Institutions

NAICS

541690 - Other Scientific and Technical Consulting Services

Place of Performance

*Toronto, CAN

Set-Aside

NONE

Documents

No documents available

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Timeline

PhaseClosed

PostedAug 29

Solicitation

Response DeadlineAug 29

Deadline has passed

Submission Closed

08/29/2025, 02:00:00 PM UTC

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Organization & Contact Information

AgencyGovernment of Canada → Office of the Superintendent of Financial Institutions

Contacts1 person available

OfficeN/A

Organization / AgencyGovernment of Canada → Office of the Superintendent of Financial Institutions

Office AddressN/A

Contacts

Aleksandra GreenPoint of Contact

Full Description

The Office of the Superintendent of Financial Institutions (OSFI) is an independent agency of the Government of Canada, established in 1987 to contribute to the safety and soundness of the Canadian financial system. OSFI supervises and regulates federally registered banks and insurers, trust and loan companies, as well as private pension plans subject to federal oversight. The Risk Quantification Division (RQD) is engaged in developing quantitative tools to independently assess Federally Regulated Financial Institution’s (FRFI) reporting, execute a variety of stress scenarios, and perform sensitivity analysis on this data. This ultimately informs regulatory policy and capital adequacy requirements. RQD is looking for an independent 3rd party to validate a model/tool used in assessing these macro scenario impacts.

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