Analyst, Risk Management

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TMX Post Trade’s Risk Management Team utilizes a matrix management structure to conduct first and second line of defense risk management functions for both CDS and CDCC. The risk exposure types managed by the Post Trade Risk Team include credit risk, market risk, liquidity risk, model risk and operational risk. To carry out its mandate, the Risk Team employs sophisticated financial risk models, validation frameworks, risk measurement and reporting systems. The Risk Team collaborates with many internal and external partners including CDS Participants and CDCC Clearing Members, our regulators and our TMX Group partners.

Since CDS and CDCC were designated as systemically important by the Bank of Canada in 2012, TMX Post Trade’s role is to ensure the integrity and stability of the markets that it supports. It further takes the necessary actions to help ensure that the Canadian financial markets meet the G20 commitments

Reporting to the Team Lead, Risk Management, the Analyst’s primary role is to support CDS day to day financial risk activities, reporting and analysis, and to conduct studies, develop and implement risk management tools and contribute to the continuous improvement of risk management policies. The Analyst will also work closely with other teams within Risk Management.

The Analyst role includes the following functions:
- Supervise and ensure accuracy of collateral calculations of the CDS' Central Counterparty (CCP), National Securities Clearing Corporation (NSCC) and Depository Trust Company (DTC) services for all participants by analyzing results of the calculation, identifying and resolving discrepancies.- Monitor and respond to results of backtesting of collateral requirements of all central counterparty (CCP) services participant funds and results of backtesting of security haircut rates ensuring accurate confidence level is being maintained.- Determine appropriate initial haircut rate for new issues by performing research of price history, industry volatility and IPO prospectus.- Investigate and adjust price history on equities, for example, changes resulting from corporate actions.- Monitor and ensure that all participants comply with CDS standards and qualifications on an ongoing basis.- Ensure that all participants issuing money market securities comply with credit standards per the CDS Participant Rules.- Develop and maintain metrics on participants’ risk levels and prepare analyses summarizing results.- Document procedures for financial risk processes, and make recommendations to automate current processes and improve efficiency.

Skills and Experience:
- Postsecondary education in Business, Finance, Mathematics, Statistics or equivalent experience- Min. 1-3 years of experience in the financial industry with focus on market/financial risk management- Sound knowledge of financial risk management concepts and techniques, such as Value-at-Risk (VaR)- Working towards FRM (Financial Risk Manager from GARP) or PRM (Professional Risk Manager from PRMIA)- Excellent quantitative and data analysis skills with strong attention to details- Good communication skills both written and verbal- Excellent computer skills (MS Office Suite), knowledge of Crystal Reports and Bloomberg, as well as Google suite of products- Ability to utilize Structured Query Language (SQL) to work with relational database systems- One to three years of programming experience in Matlab- VBA programming experience- Ability to reflect, summarize, and present complex ideas- Self-confidence, positive outlook, pragmatism- Sense of ownership and accountabilities

Nice to Have(s):
- Previous experience in financial services / capital markets industry- Knowledge of Canadian Securities industry- Enrolment in CFA (Chartered Financial Analyst) program

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