Manager, Risk Capital and Risk Efficiency

2 months 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:
- Putting people first and building relationships with intention- Seeking out and embracing new ideas- Believing that how we do things is as important as what we do

Roles Specifications

Term - 24 months fixed

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, Stress Testing, 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, implementation and impact assessment of new IRB 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 regulatory reporting, concentration risk management, risk limit monitoring and IFRS-9 reporting.

The Day to Day

Risk Capital Implementation and Reporting- Build and manage CWB’s RWA calculation engine that fully meets the requirements in OSFI CAR Guidelines under BASEL III Reform under both Standardized and IRB approaches- Operate the 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- Collaborate with stakeholders, including but not limited to Finance, Treasury, Information Management, Risk Data Aggregation, Analytics & Reporting, Credit Risk Management, Model Development, Model Governance and Validation, and Internal Audit- Provide support for ad-hoc requests from 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

ICAAP and Stress Testing- Produce capital risk metrics (Pillar I and Pillar II) in ICAAP and stress testing- 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 reports for senior management and regulators.- Act as the independent second line to review stress testing results following 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 and reporting of Economic Capital- Support concentration risk assessment and monitoring- 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 Science.- Completion or progression in CFA and/or FRM would be an asset- Completion of SAS certification would be an asset

Tools in your toolbox- Minimum 2-3 years of professional experience in risk management areas. Previous risk reporting and programming experience in Canada would

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