Model Risk Manager Senior F/H
1 month ago
Locations: Toronto, Ontario, Canada
Time Type: Full time
Posted on: Posted 5 Days Ago
Why you’ll love working here:
- High-performance, people-focused culture
- Commitment to equity, diversity, and inclusion
- Learning and development initiatives
- Membership in HOOPP’s world-class defined benefit pension plan
- Competitive, 100% company-paid extended health and dental benefits
- Optional post-retirement health and dental benefits subsidized at 50%
- Wellness programs including yoga and meditation workshops
- Annual wellness reimbursement program
- Opportunity to make a difference for Ontario healthcare workers
Job Summary:
Under the guidance of the Senior Director, Risk Analytics and Modelling, the Senior Manager will develop and maintain risk models covering derivatives, credit, fixed income, equity investments, and alternative investments. This role involves developing new models and methodologies, validating existing models, and ensuring proper governance of HOOPP’s risk management system.
What you will do:
- Model derivatives, hedge funds, liabilities, and other securities within the risk management system.
- Build models using Python for production and prototyping, and perform ad-hoc analysis.
- Work closely with internal control groups and external auditors.
- Identify creative solutions for modeling the risk of alternative investments and exotic derivatives.
- Implement and maintain controls for model development and testing.
- Leverage analytical capabilities in investment risk analysis.
- Foster continual innovation and thought leadership within the Risk Division.
- Provide senior management with ad hoc analysis related to risk and valuation models.
- Minimum of 8 years of professional experience in the financial industry.
- Graduate degree in a quantitative field (e.g., Math, Finance, Actuarial Science).
- Excellent writing, editing, and problem-solving skills.
- Professional designation in finance (CFA, FRM).
- Strong technical skills, with programming knowledge in Python.
- Strong quantitative skills, knowledge of machine learning/big data is an asset.
- Excellent knowledge of risk management and quantitative/statistical techniques.
- Excellent collaboration and relationship management skills.
About HOOPP
The Healthcare of Ontario Pension Plan (HOOPP) is one of the strongest defined benefit pension plans in Canada, serving over 460,000 members. We manage a global, multi-asset class investment portfolio, with net assets reaching $112.We are committed to diversity and equal opportunity in our hiring practices.
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