Location(s): Greater Vancouver Area; Greater Toronto Area
Job Type: Full Time Regular
myWork Program: Hybrid
Starting Salary Range: $82,900.00 - $118,000.00
Background Screening Requirement:- Enhanced Criminal Record Check
- Credit Check
- Identity Verification
- Employment Verification
- References
Job PurposeThe Senior Quantitative Risk Specialist designs, implements, and validates quantitative risk models for a wide range of internal customers, as well as external regulators. The models measure, stress, and forecast various risks within the organization, including market risk, liquidity risk, capital risk etc. The Senior Specialist also monitors and provides independent oversight of Treasury operations ensuring adherence to approved policies and procedures. This role is highly technical in nature and requires the incumbent to develop analytically based solutions with a strategic mindset.
This role is hybrid remote based out of our Toronto office (3610, 181 Bay Street, Toronto, Ontario) or Surrey office (9900 King George Blvd, Surrey, British Columbia). Currently the team meets in office 1-2 times per month at most based on business needs.Accountabilities- Lead and support the validation of treasury and finance models underpinning key regulatory risk metrics, ensuring methodological soundness and regulatory compliance.
- Lead response to model-related inquiries from internal customers and external regulators.
- Lead the design, development, and management of Treasury deposit models used for IRRBB risk management, pricing and economic capital.
- Generate independent, accurate and timely market risk management information as required.
- Carry out benchmarking and backtesting analyses to validate models and provide continuous model performance evaluation & tuning.
- Prepare and review model documentation and communication materials.
- Present analysis of findings to stakeholders.
- Working with stakeholders, develop, implement, and execute processes to ensure that existing or emerging factors impacting Coast's market, liquidity, and interest rate risks have been properly identified.
- Mentor junior members of the team as needed.
Skills & Qualifications- Minimum 4 - 6 Years of Job-Related Experience
- Experience in quantitative risk analytics, model development and familiarity with bank balance sheets
- Master's Degree preferred.
- Completion of or enrolment in GARP's (Global Association of Risk Professionals) FRM preferred. Knowledge/experience in multivariate statistics, derivatives pricing, optimization methods, Monte Carlo simulation methods, economic capital models, and econometrics preferred.
- Significant experience in computer programming (Python)
- Excellent problem-solving skills
- Advanced knowledge of financial quantitative modelling and statistics
- Proficiency in software applications, including MS Office
- Ability to communicate a wide range of technical concepts to audiences of various backgrounds
- Strong communication skills
- Ability to exercise sound professional judgment and to work independently.
- Attention to detail
Apply now "
