Risk Analyst

Risk Analyst

Location: Toronto, ON
Duration: 12 months

Description:
Candidate profile details:
Degree/Certifications Required: post secondary degree, FRM, CFA nice to have, Masters is nice to have
Years of Overall Experience: 5-7 years
Ideal Candidate Background: inquisitive, willing to learn, go beyond and investing and problem solving
How will performance be measured: quality of work, deliverables
Stakeholders interaction yes, may have to present your findings

Selling points of position (cvp):
Subject matter expert
Interaction in all parts of the banks
Front office
Work with different products and numbers and part of the bank

Summary of day-to-day responsibilities:
Perform ad-hoc analyses of specific metrics/exposures/transactions as required by management and stakeholders.
Managing operational risk (e.g., cross-training, documentation, and audit).
Ensure internal control processes are adequate and documented

Must-have:
Hard skills:
Analysis of risk exposure
Understanding of financial products security financing transitions (repo, reverse repo, security lending)
Understanding of the comprehensive approach and SACCR methodology

Soft skills:
Attention to detail
Presentation skills
MS suite access, excel, powerpoint

Nice-to-have: Python and SQL

Department Overview Capital Markets Risk Management (CMRM) is responsible for monitoring and providing an independent view of the Profit and Loss, Market Risk, Counterparty Risk, Liquidity Management, OTC Derivatives Collateral, and Valuation activities of the global trading activities of the Bank.
Within CMRM, the Counterparty Credit Risk team (Large Exposures) works closely with all Capital Markets Risk Management teams, Client Securities Trading Business Management, Global Operations, Risk Technology, Credit Management, Global Markets, Finance, as well as external regulators to facilitate the effective monitoring of the enterprise-wide large exposures framework related to OSFI B2 and SCCL regulatory reporting.

Job description position summary:
As a Senior Risk Analyst, you are required to demonstrate governance, control, and risk management behaviors in alignment with Client policies and practices. It is your responsibility to ensure that execution of your function is in line with documented procedures specific to your role and business.

Job accountabilities:
Be a leader on the team by becoming a subject matter expert, on both the risk and mapping responsibilities, related to daily/monthly/quarterly OSFI B2/SCCL large exposures reporting.
Generate accurate and complete daily/monthly/quarterly OSFI B2/SCCL reports which include management reporting and counterparty credit limit monitoring reports.
Review and research mappings that drive reporting such as business, client, product, and legal entity data.
Execute infrastructure changes with regards to implementation of new or revised policies, products, or processes
Provide analysis, reporting and monitoring of risk exposures and adhere to internal standards with regards to violations and the escalation of production issues
Ensure that all late or missing reports and related process metrics are recorded, documented, and explained appropriately.
Propose, schedule, plan, and champion projects to improve efficiencies in order to provide more effective business support
Ensure internal control processes are adequate and documented appropriately as per the governance standards including establishing appropriate review and assessment of the quality of outputs based on business standards.
Managing operational risk (e.g., cross-training, documentation, and audit).
Liaise closely with the Banks front office traders, Credit Risk Management (CRM), Global Counterparty Credit (GCC), audit, technology groups, and other stake holders to assist in meeting the Banks objectives
Perform ad-hoc analyses of specific metrics/exposures/transactions as required by management and stakeholders.
Maintain a good understanding of the analytical principles underlying the risk management of all product types with credit risk, including issues that arise regarding financial modeling of products for risk purposes

Job requirements key skills:
Self-starter with a high degree of initiative and the ability to learn and adapt quickly.
Strong analytical skills and attention to detail.
Strong organizational, follow-up and priority-setting skills to handle multiple tasks/projects.
Self-motivated, well organized, able to work both independently and in a team environment.
Strong interpersonal skills are required, as the candidate will be called upon to demonstrate leadership in the team.
Excellent verbal and written communication skills.
Candidates with experience in Risk Management roles will be favorably positioned.
Technical skills (e.g. Excel/SQL/VBA) and CFA/FRM credentials will be viewed favorably.

Must have:
Short-listing questions:
Analysis of risk exposure 2 years
Understanding of financial products security financing transitions (repo, reverse repo, security l 2 years
Understanding of the comprehensive approach and SACCR methodology 2 years

Skills:
MS suite access, excel, PowerPoint Yes
Presentation skills Yes
Python and SQL Exp 2 years
Regulatory Reporting Exp 2 years