Manager, Risk Capital and Capital Efficiency

1 month ago

Richmond Hill, Canada CWB Financial Group Full time

At

CWB

, we strive to build value for the people who choose us every day: our people, our clients and our investors. We do this by holding true to the values that guide us. We put people first and build relationships with intention. We seek out and embrace new ideas, knowing that better is always possible. We believe that how we do things is as important as what we do. And we harness the power of inclusion. Our culture is who we are and how we show up - as individuals and as a team - to accomplish our strategy.

Role Specifications

Location: CWB Richmond Hill Ontario

Hybrid with on-site requirements
- CWB is on a mission to become the best full-service bank for business owners in Canada._

Canadian Western Bank Group is in the process of developing an advanced Risk Function, including A-IRB, Economic Capital and IFRS‑9 implementations. There are a considerable amount of project/development work required for A-IRB, Economic Capital and IFRS-9 leading to an advanced ICAAP, Economic Capital, Portfolio Management, Risk versus Return optimization and other strategic risk management activities.

The opportunity

We are seeking Manager, Risk Capital and Capital Efficiency to support both the development stage and the sustainable production stage of the Risk Function to ensure that CWB remains in compliance with regulatory and financial reporting requirements. This includes the calculation of capital demand (regulatory capital and economic capital), analysis of capital changes, reporting of risk curve movement, impact assessment of new models, identification of capital optimization opportunities as well as transforming capital demand results for downstream reporting purpose. Regarding Stress Testing and ICAAP, this role will be responsible for the calculation of capital demands and capital ratios under various scenarios. In our journey to be a model enabled bank, this position will also support the assessment of concentration risk, risk limit monitoring and IFRS-9 reporting.

The Day to Day

Risk Capital Implementation and Reporting- Build and manage SAS RWA calculation engine that fully meets the requirements in OSFI CAR Guidelines under BASEL III and BASEL III Reform for both Standardized and IRB approaches- Operate SAS RWA calculation engine for regular reporting following risk production control and governance- Produce capital results and prepare management and regulatory reports- Conduct reconciliation and comparison of Pillar I and Pillar II capital demands- Provide in-depth analysis on capital risk and identify key drivers for risk movement- Conduct capital risk analysis and present observations and insights to stakeholders- Identify potential opportunities for capital optimization including both regulatory capital and economic capital- Produce capital risk metrics (Pillar I and Pillar II) in ICAAP and stress testing- Collaborate with stakeholders, including Finance, Information Services, Risk Data Aggregation, Analytics & Reporting, Integrated Risk Management, Model Development, Risk IT, Model Vetting Unit, and Internal Audit- Provide support for ad-hoc requests required by senior management and regulators in a precise and efficient manner- Identify, recommend and implement process improvement opportunities for reporting, analysis and control- Conduct insightful impact analysis for model updates, data migration and process changes- Develop and maintain the capital production related documentation. Review and evaluate the technical implementation and results- Contribute to strategic risk initiatives by using analytical skills to project potential losses, and make recommendations to limit risk- Demonstrate insight into internal client's business and develop innovative solutions that create value

Enterprise Stress testing Implementation and reporting- Enhance and operate stress testing and ICAAP processes to produce capital demand and capital ratio projections under various scenarios.- Provide insights on stress testing results. Prepare ICAAP and stress testing presentation materials and reports for senior management and regulators.- Act as independent internal second line to review stress testing results for quality control and governance.- Develop and maintain stress testing related documentation.

Risk Production Support- Support the regulatory reporting under both IRB and Standardized approaches, such as BCAR, NCR, LRR, Pillar 3, etc.- Support the production of Economic Capital and Earnings at Risk for Pillar II reporting and internal capital management- Support the establishment and operation of the concentration risk assessment process- Support the monitoring of model-based risk limits and the reporting of high-risk customers- Support the IFRS-9 ECL production, such as operation, governance, reconciliation, and analysis

Skills and proficiencies that will take you further

Education- Masters in a relevant field such as Financial Engineering, Finance, Economics, Statistics, Mathematics and Computer

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