Risk Modeling Director
4 weeks ago
At OMERS, a purpose-driven pension plan, we are seeking a highly skilled Risk Modeling Director to lead our risk modeling oversight function.
About the RoleThis is an exciting opportunity to join our team and contribute to the achievement of our business objectives by overseeing the actions undertaken by Management to address key investment, pension, governance and legal, operational, people and strategic risks in an integrated and holistic manner.
The successful 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).
- Oversight of the risk settings used in our risk system to generate scenario outputs and calculate risk metrics such as 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 that regularly ensures risk models used are appropriate and fit for purpose.
- Maintenance and governance of an inventory of risk modeling and risk settings decisions used to generate analytics for the Risk Management team.
- 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 to identify, measure, and manage risks associated with investments.
- 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.
A competitive salary of $140,000-$180,000 per year, depending on experience, plus benefits and opportunities for growth and development in a dynamic and purpose-driven organization.
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