Risk Analyst
- Toronto, ON
- Contract
- Full-time
- Degree/Certifications Required: CFA or FRM
- Years of experience: 3 years plus
- Reason for request/why opened: mat leave coverage
- % Interaction with Stakeholders: yes- high amount
- Project Scope: BAU and Project based work, depending on team needs
- Team Size: 6
- Personality Style/Team Culture: It is fast paced environment, someone who can hit ground running
- Selling Points of Position: opportunity for networking ,long term role if performing well
- Exp is risk mgmt, compliance, audit experience.
- Attention to detail
- Strong communication skills
- Understand the need for balance and attention to detail.
- Fast paced, busy environment
- Banking background is ideal
- Will need strong product knowledge
- How will performance be measured: deliverables, efficiency and quality of work. Completing tasks. Communicating with stakeholders
- The Capital Markets Risk Management (CMRM) area is part of the Bank Corporate Risk Management function.
- Our teams are accountable for the generation and monitoring of an independent view of the Profit and Loss, Market Risk, Counterparty Credit Risk, Collateral and Valuation activities of The Bank’s global trading activities.
- We support trading and non-trading business initiatives, inform an array of risk management decisions, and facilitate business through managing evolving front office needs, while ensuring appropriate capture and control of risk.
- Within CMRM, the Counterparty Credit Risk (CCR) team is responsible for a number of activities related to the quantitative analysis of credit risk, policy implementations, and exception management across a number of trading and non-trading businesses within Bank Group.
- A Senior Analyst within the Credit Policy Reporting team will primarily be focused on analysis, reporting, and monitoring of risk exposures ensuring that they are in accordance with established policy limits. The incumbent is expected to execute on infrastructure changes with regards to new or revised policies.
- The role will involve close partnership and interaction with a wide range of areas, including credit risk management, global counterparty credit, market risk control, model development, front office, audit, and change delivery. As a result, the successful candidate will be required to possess strong communication skills.
- The Senior Analyst, Credit Policy Reporting would be accountable for the following core responsibilities, but are not limited to:
o Ensure risks within portfolios covered are correctly measured, aggregated, and analyzed in accordance with established and approved risk policies limits.
o Provide analysis, reporting and monitoring of risk exposures and adhere to internal standards with regards to violations and the escalation of production issues.
o Ensure that all late or missing reports and related process metrics are recorded, documented and explained appropriately.
o Propose, schedule, plan and champion projects to improve efficiencies in order to provide more effective business support.
o Execute infrastructure changes with regards to implementation of new or revised policies or processes.
o Ensure internal control processes are adequate and documented appropriately as per the governance standards including establishing appropriate review and assessment of the quality of outputs based on business standards.
o Manage operational risk (e.g., cross-training, documentation, and audit).
o Liaise closely with the Bank’s front office traders, Credit Risk Management (CRM), Global Counterparty Credit (GCC), audit, technology groups, and other stakeholders to assist in meeting the Bank’s objectives.
o Perform ad-hoc analyses of specific metrics/exposures/transactions as required by management and stakeholders.
o Maintain a good understanding of the analytical principles underlying the risk management of financial derivatives, including issues that arise regarding financial modeling of products for risk purposes
o Investigate and analyze the results across respective business areas of the IHC
o Complete monthly reconciliation to ensure accuracy of risk captured
- In addition, the Senior Analyst is expected to:
o Provide leadership, direction, advice and guidance to the team, to consistently maintain high levels of integrity, motivation and morale. This should encompass all aspects of people development including appropriate mentoring, coaching, and ongoing evaluation of staff performance and leadership skills.
o Initiate actions to further improve your own and the team’s skills and performance by continuously looking for opportunities for professional development.
o Demonstrate Bank’s Leadership Profile in all professional and personal activities
o Create and maintain an environment conducive to the timely identification and escalation of issues
o Managing relationships with other areas including sharing knowledge and identifying opportunities to leverage complementary skills.Job Requirements:
- Strong knowledge of financial products, and counterparty credit risk.
- Experience with Working with complex systems.
- Experience with performing impact assessments, drafting requirements, and performing testing for projects.
- Self-starter with a high degree of initiative and the ability to learn and adapt quickly
- Strong analytical skills and attention to detail
- Strong organizational, follow-up and priority-setting skills to handle multiple tasks/projects
- Self-motivated, well organized, able to work both independently and in a team environment
- Strong interpersonal skills are required, as the candidate will be called upon to demonstrate leadership in the team
- Excellent verbal and written communication skills
- Candidates with experience in Risk Management roles will be favourably positioned
- Candidates with CFA and/or FRM designations will be favourably positioned
- Technical skills (Excel/SQL/VBA/Python etc) will also be viewed favourably.