Manager, Credit Risk

2 weeks ago

Toronto, Canada Canada Infrastructure Bank Full time

Headquartered in Toronto, the Canada Infrastructure Bank (the CIB) is responsible for investing in new infrastructure projects. The CIB’s mission is to work with provincial, territorial, municipal, federal, Indigenous and private sector investor partners to transform the way infrastructure is planned, financed and delivered in Canada.

An exciting and challenging opportunity is open for a quantitative risk professional. Reporting to the Head, Credit Risk and Fiscal Impact, the **Manager, Credit Risk,** will focus on measuring and assessing portfolio and investment risk, including the reporting, and monitoring of investments and associated return/impact. The individual will be responsible for the development, management, and validation of all quantitative tools used within the Credit Risk team in evaluating and monitoring investments. This involves working with a team of high-calibre risk managers to conduct critical analysis of existing risk measures and methodologies.

Your responsibilities include:

- Develop and maintain risk models: Design and implement quantitative models to measure and assess financial risk; lead the analysis and modelling of exposures and segments to identify and assess risk within the investment portfolio
- Data analysis and validation: Collect, clean, and analyze data to ensure its accuracy and reliability for risk measurement and modelling purposes; validate and verify model inputs, assumptions, and results
- Scenario analysis and stress testing: Perform scenario analysis and stress testing to evaluate the impact of adverse market conditions and extreme events on the organization’s risk profile; provide insights on risk sensitivities and potential mitigations
- Risk mitigation strategies: Collaborate with risk managers to develop and implement risk mitigation strategies based on analysis and modelling results; evaluate the effectiveness of risk mitigation measures and recommend enhancements/strategies for risk management to the Head, Credit Risk and Fiscal Impact, and the CFO.
- Model calibration and back-testing: Calibrate and validate risk models by comparing model outputs with actual historical data; conduct regular back-testing to assess model performance and identify areas for improvement
- Enhance the CIB’s credit risk reporting capabilities, with regular presentations to the Portfolio Review Committee, Executive Committee, and the Board of Directors
- Work with the Directors and Head, Credit Risk and Fiscal Impact, to refine the CIB’s credit policy and procedures
- Credit Risk Data Stewardship, in collaboration with the Analyst, Credit Risk

Managerial Leadership: 20%
- Manage a direct report capable of delivering for the Credit Risk Group, including:

- Assigning tasks and work, mentoring and coaching
- Setting appropriate context and establish prescribed limits for direct reports, including setting an effective framework of policies and procedures for the work in the group
- Holding regular two-way meetings to solicit continuous improvement opportunities and the creation and implementation of training and development plans

Your ideal profile:

- Undergraduate degree from a top-ranked university in Mathematical Finance, Actuarial Science, Mathematics, Statistics, Engineering or Economics
- Five years of experience in a related field
- Proficiency in statistical programming languages, especially in Python
- Strong knowledge of market risk and credit risk principles obtained by working in a model-development shop or in a model validation shop
- Excellent written and verbal communication skills with past experience creating documents for department heads, executives and board members
- Understanding of model risk management, familiarity with OSFI E-23 and SR 11-7
- Flexible and willing to perform other duties as required.
- Ability to work collaboratively with other areas within the organization to achieve positive outcomes
- Organizational skills with proven ability to prioritize and manage multiple tasks
- Ability to work under pressure and manage multiple tasks/transactions
- Results oriented: accountability to meet scheduled milestones to ensure timely execution of the CIB’s mandate
- Bilingual French/English (asset)
- We thank you for your interest. Only those selected for further screening or an interview will be contacted. _
- At the CIB, we are committed to diversity and equitable access to employment opportunities. If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs._

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