Financial and Model Risk Manager
3 weeks ago
Questrade Financial Group (QFG) of Companies is committed to helping our customers become much more financially successful and secure.
At QFG, you will be constantly moving forward, bringing the future of fintech into existence. You will be a part of a collaborative team that cares deeply about our mission and each other. Your team members will help you conquer challenges, push boundaries and discover what you are truly capable of.
As a diverse and inclusive place to work, there are flexible working arrangements so you can unleash your creativity and curiosity with no limits. We’re looking for our next Financial Risk Manager. Community Trust Company (CTC) is a member of the Questrade Group of Companies (QFG), which currently includes Questrade Inc., Hybrid and flexible work arrangements
Opportunities to contribute to community causes
What’s it like working as a Financial Risk Manager at Community Trust Company?
As the Financial Risk Manager at Community Trust Company, you will play a crucial role in the Enterprise Risk Management program. Reporting to the Director of Risk Management, you will be responsible for effective second line oversight of financial reporting, accounting, treasury and other financial risks, as well as for managing the model risk management program in line with regulatory requirements, specifically OSFI guideline E-23.
Financial Risk Oversight
Review, challenge, assess and document rationale for setting management and board level KRI’s and KPI’s for treasury and finance functions
Provide independent review and challenge on treasury and finance policy updates. Requires a strong understanding of asset and liability risk measures (Capital, Liquidity, Interest Rate, Counterparty risk metrics) and an ability to review decisions from the view of the second line of defense.
Document and assess the operating effectiveness of internal controls and procedures over financial reporting
Assess the accuracy and completeness of corporate financial reports, reviewing and analyzing for compliance with reporting guidelines and corporate policies, communicating issues and recommended solutions and next steps to management and making recommendations to improve future reporting accuracy.
Oversee the data integrity of regulatory filings and returns
Test for compliance with processes, policies and practices
Ensure cyclical and on demand reporting reviews for internal business partners and regular reporting
Work effectively with Internal Audit
Develop and execute comprehensive strategies for model risk management, including validation, monitoring, and ongoing assessments of model performance
Strong technical aptitude for credit and financial risk to validate complex formulas and methodologies
Ensures completeness of the model inventory by supporting the model inventory review process across all areas of the company and relevant model approving committees
Supports Senior Management and Board Reporting by coordinating and supporting the process for generating model risk reports for the Board and Senior Management
Supports business units and others for information requests related to model governance and model inventory requirements
Supports ongoing governance activities as required including attestations for compliance with model risk policy, regulatory reporting etc.
Supports the design, review and ongoing enhancement process for the company’s spreadsheet / EUC policy, model risk framework and model risk management policy. Ensures relevant model risk processes for model inventory are followed and associated controls are in place.
Monitor and analyze emerging risks in the financial industry, keeping abreast of regulatory changes and industry trends
Foster a strong risk culture by promoting awareness, training, and communication on risk-related matters
So are YOU our next Financial Risk Manager? University degree in finance, risk management, economics, or a related field; Professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) preferred
2+ years of risk management, treasury, audit or a related risk identification and reporting function at an OSFI regulated institution
Strong analytical and problem-solving skills, with the ability to make sound judgments and decisions in complex situationsExtensive experience in financial risk management, internal controls, and model risk management
Experience building, enhancing policies and programs associated with Financial Risk Management
Strong knowledge on databases and systems for model inventory management
Strong knowledge of internal control design, implementation, testing and documentation and
Ability to manage competing deadlines, while producing high quality reporting/policies
Bring a positive, can-do attitude to our organization, using creative solutions to solve problems
At Questrade Financial Group of Companies, with multiple office locations around the world, we are committed to fostering a diverse, inclusive and accessible work environment. Our team reflects the diversity of the communities we serve and operate in. Having a collaborative and diverse team helps us push boundaries to bring the future of fintech into existence—not only for the benefit of our customers, but for those who build their career with us.
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