Quantitative Risk Manager

5 days ago

Toronto, Ontario, Canada Coast Capital Savings Full time

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At Coast Capital, we're not dreaming about a better future, we're building one.

As a member-owned cooperative, we're helping our members with their real goals and real challenges so they can live the real life they want. It's what we've been doing for over 80 years, and it's why today we stand almost 600,000 members strong. Plus, we invest 10% of our budgeted profits back into our community – almost $90 million since 2000 alone – because when our members do well, we believe our communities should do well too.

Location(s): Surrey, Vancouver - Lower Mainland or Toronto - GTA

Job Type: Full Time

myWork Options: In-person, Hybrid

Starting Salary Range: $95,900-$124,700

  • Enhanced Criminal Record Check
  • Credit Check
  • Identity Verification
  • References

Job Purpose
The Quantitative Risk Manager manages various quantitative-based credit risk management activities, including the Internal Capital Adequacy Assessment Process (ICAAP), economic capital modelling, enterprise-wide stress testing (EWST), scorecard & risk rating system development, and credit risk model development. They support the company's goals and protect the assets, members, and reputation of Coast Capital.

Accountabilities

  • Lead the development and implementation of an effective Enterprise-Wide Stress Testing Program through scenario definition, model implementation, and analysis of results.
  • Coordinate model operation, perform analysis and write reports for the Internal Capital Adequacy Assessment Process.
  • Manage various credit risk model enquiries by running the credit risk models and generating the risk estimates required by internal stakeholders and external reviewers.
  • Transfer knowledge to and serve as a resource for all capital model stakeholders in the organization.
  • In charge of handling Coast's Economic Capital Models and Stress Testing models. This involves overseeing the model programming, writing model documentation, analyzing data, and creating risk reports for Coast's ICAAP and Risk-Adjusted Return on Capital (RAROC).
  • Promote and foster model risk management activities across the enterprise by explaining, advising, and training stakeholders on what the model is doing with the activities, documentation, and explanations.
  • Present analysis of findings to stakeholders.

Skills and Qualifications

  • Minimum 6-8 Years of Job-Related Experience. Demonstrated experience in quantitative credit risk analytics, scorecard or credit model development, and enterprise-wide stress testing.
  • Master's degree in quantitative subjects and/or Financial Risk Manager certification (FRM) is preferred.
  • Significant experience in Python programming language.
  • Advanced knowledge of financial quantitative modelling and statistics.
  • Advanced proficiency in software applications, including MS Office.
  • Proven ability to prioritize initiatives and manage time and resources appropriately.
  • Well-developed oral and written communication skills with the ability to present technical information clearly and concisely to audiences of various sizes.
  • Proven organizational and practical multi-task skills with the ability to manage projects and deadlines in a changing environment.
  • Can spot problems and act on them. Gathers information carefully and solves complex issues. Seeks advice when needed, focuses on the root of a problem, and confidently tackles and resolves conflicts quickly.
  • Well-developed ability to exercise sound professional judgement.
  • Maintain a high awareness of industry and regulatory standards and trends to model credit risk appropriately.
  • Engage positively and build constructive and mutually beneficial relationships with colleagues.

Equity, Diversity & Inclusion at Coast Capital

Don't meet every single requirement? At Coast Capital, we believe everyone has potential. We are committed to building better, brighter, more inclusive futures for everyone – including our employees. We see the potential in our employees to achieve amazing things and want to invest in your future. If you're excited about this career opportunity and your experience may not perfectly align with every qualification in this job posting, we still encourage you to apply. You may be just the right candidate for this or other opportunities at Coast Capital.

At Coast Capital, we are committed to equity, diversity and inclusion. We strongly encourage applications from Indigenous Peoples, Black, and racialized persons, persons with disabilities, people of diverse sexual and gender identities and women. We value applicants who have demonstrated a commitment to equity, diversity and inclusion and recognize that diverse perspectives, experiences and expertise benefit our employees, our members, and our community.

We strive to provide an accessible candidate experience for our candidates with different abilities. If you require any accommodations, please contact accessibility@coastcapitalsavings.com or call 778-391-5836. We will work with you to meet your needs.

Why join Coast Capital Savings?
  • Purpose is our North Star. We look at everything through our purpose. It informs the advice we provide our members, the experiences and products we create, and the programs we build to support our employees and communities.
  • Committed to inclusion and engagement. We have an ongoing focus on equity, diversity, and inclusion and routinely track how we're doing, and what we need to do to keep improving. We foster a culture where everyone can feel safe to be who they really are and thrive.
  • A career that grows with you. We believe in developing our people and promoting from within. Many employees have spent decades, and sometimes their entire careers, with Coast Capital and have progressed from the frontlines to senior leadership.
  • Work where you're most effective. In 2020 the world changed, and that includes how we work. In response to COVID-19 we launched myWork, which gives employees flexibility in where they work based on the nature of their role.
  • Benefits that flex to the needs of you and your family. We offer comprehensive, customizable benefits for you and your family, so you can choose what fits best for you and your lifestyle.
  • Retirement options. We also take care of our employees once they retire. That's why we offer the choice of a defined contribution or defined benefit pension plan or RSP's.
  • Mortgage and auto financing benefits. Employees save thousands on their mortgages and auto loans with best-in-category benefits.
  • Real Recognition. We recognize excellence throughout the year, through an online community that lets employees give kudos and thanks throughout the year. We're human, which means we like to have fun with events, celebrations, and recognition throughout the year.
  • An award winning culture. We're a Platinum member of Canada's Best Managed Companies and are regularly recognized by Canada's Most Admired Corporate Cultures and the BC Top Employers Awards.
  • We reinvest 10% back into the community. When we do well, our communities do well. That's why since 2000 we've invested over $90 million into our members' communities.
  • Double your impact. Through our employee volunteer program, Coast Capital donates $10 for every hour you volunteer to a Canadian charity or non-profit of your choice.
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