Risk Modeling Director
4 weeks ago
OMERS / Oxford Properties Group: A Global Leader in Risk Management
We are seeking a highly skilled and experienced Director of Risk Modeling to lead our risk modeling oversight function. The ideal candidate will have a deep understanding of risk modeling techniques, a proven track record of navigating complex financial instruments, and the ability to communicate effectively with stakeholders at all levels.
Key Responsibilities:
- Recommend, research, oversee, and implement all risk modeling inputs used in our Risk System (MSCI Risk Manager), including standard models for public asset classes, derivatives, and private asset class models.
- Oversight of risk settings used in our risk system to generate scenario outputs and calculate risk metrics such as Value-at-Risk (VaR).
- Effectively interpret and communicate the drivers behind model outputs to stakeholders, ensuring clarity and understanding of risk metrics and their implications.
- Advise on the modeling inputs used in our third-party Asset Liability tool (ORTEC Glass).
- Develop a framework for documentation, calibration, validation, and testing to ensure risk models are appropriate and fit for purpose.
- Maintain and govern an inventory of risk modeling and risk settings decisions used to generate analytics for the Risk Management team.
- Develop a key relationship between OMERS and our third-party vendors MSCI and ORTEC.
- Provide support and/or guidance for model validation exercises for non-Risk models used across the organization.
- Develop a framework to evaluate modeling options quantitatively and based on implementation constraints.
- Communicate risk modeling choices and recommendations to stakeholders, particularly the Risk Leadership Team.
- Manage an internal team dedicated to Risk modeling, providing guidance and support to enhance their skills and performance.
Requirements:
- Education in Finance, Economics, Statistics, Mathematics, or a related field. FRM or CFA designation is an asset.
- At least 7-10 years of experience in a Risk Modeling, Risk Management, or Risk-adjacent role.
- Deep expertise in modeling financial instruments, both public and private, and a history of success in the design, development, and implementation of advanced risk models.
- Ability to work with large datasets and familiarity with statistical methods.
- Familiarity with third-party risk systems. Experience with MSCI's Risk Manager is an asset.
- Strong analytical skills, with the ability to interpret, explain, and effectively communicate the key drivers and assumptions behind risk model outputs to both technical and non-technical audiences.
About OMERS / Oxford Properties Group:
We are a purpose-driven, dynamic, and sustainable pension plan. An industry-leading global investor with teams in Toronto to London, New York, Singapore, Sydney, and other major cities across North America and Europe. We embody the values of our 600,000+ members, placing their best interests at the heart of everything we do.
Why Work with Us:
We believe that time together in the office is important for OMERS and Oxford, the strength of our employees, and the work we do for our pension members. Our flexible hybrid work guideline requires teams to come to the office a minimum of 4+ days per week.
Equal Opportunity Employer:
We are an equal opportunity employer committed to an inclusive, barrier-free recruitment and selection process that extends all the way through your employee experience. This sense of belonging and connection is cultivated up, down, and across our global organization thanks to our vast network of Employee Resource Groups with executive leader sponsorship, our Purpose@Work committee, and employee recognition programs.
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