Senior Quantitative Risk Specialist
Location(s): Greater Vancouver Area; Greater Toronto Area
Job Type: Full Time Regular
myWork Program: Hybrid
Starting Salary Range: $82,900.00 - $118,000.00
Background Screening Requirement:
- Enhanced Criminal Record Check
- Credit Check
- Identity Verification
- Employment Verification
- References
Job Purpose
The Senior Quantitative Risk Specialist designs, implements, and validates quantitative risk models for a wide range of internal customers, as well as external regulators. The models measure, stress, and forecast various risks within the organization, including credit risk, market risk, liquidity risk, etc. The Senior Analyst also implements, validates, and maintains models for enterprise-wide stress testing. This role is highly technical in nature and requires the incumbent to develop analytically based solutions with a strategic mindset.
This role is hybrid remote based out of our Surrey (9900 King George Blvd, Surrey, British Columbia) or Toronto office (3610, 181 Bay Street, Toronto, Ontario). Currently the team meets in office 1-2 times per month based on business needs.
Accountabilities
- Lead the development and implementation of an effective Enterprise-Wide Stress Testing Program through scenario definition, model implementation, and analysis of results.
- Lead response to model-related inquiries from internal customers and external regulators.
- Lead the development and management of Commercial Credit Risk Rating models.
- Generate independent, accurate and timely market risk management information as required.
- Carry out benchmarking and backtesting analyses to validate models and provide continuous model performance evaluation & tuning.
- Prepare and review model documentation and communication materials.
- Present analysis of findings to stakeholders.
- Working with stakeholders, develop, implement, and execute processes to ensure that existing or emerging factors impacting Coast’s market, liquidity, and interest rate risks have been properly identified.
- Mentor junior members of the team as needed.
Skills & Qualifications
- Minimum 4 – 6 Years of Job-Related Experience
- Experience in quantitative risk analytics and model development Familiarity with bank balance sheets.
- Master's Degree preferred.
- Completion of or enrolment in GARP’s (Global Association of Risk Professionals) FRM preferred. Knowledge/experience in multivariate statistics, derivatives pricing, optimization methods, Monte Carlo simulation methods, economic capital models, and econometrics preferred.
- Significant experience in computer programming (Python)
- Excellent problem-solving skills
- Advanced knowledge of financial quantitative modelling and statistics
- Proficiency in software applications, including MS Office
- Ability to communicate a wide range of technical concepts to audiences of various backgrounds
- Strong communication skills
- Ability to exercise sound professional judgment and to work independently.
- Attention to detail
Equity, Diversity & Inclusion at Coast Capital
Don’t meet every single requirement? At Coast Capital, we believe everyone has potential. We are committed to building better, brighter, more inclusive futures for everyone – including our employees. We see the potential in our employees to achieve amazing things and want to invest in your future. If you’re excited about this career opportunity and your experience may not perfectly align with every qualification in this job posting, we still encourage you to apply. You may be just the right candidate for this or other opportunities at Coast Capital.
At Coast Capital, we are committed to equity, diversity and inclusion. We strongly encourage applications from Indigenous Peoples, Black, and racialized persons, persons with disabilities, people of diverse sexual and gender identities and women. We value applicants who have demonstrated a commitment to equity, diversity and inclusion and recognize that diverse perspectives, experiences and expertise benefit of our employees, our members, and our community.
Coast Capital is committed to providing an accessible recruitment experience. If you are a candidate with a disability and require accommodation(s) during any stage of the recruitment process, please contact us at accessibility@coastcapitalsavings.com or 778-391-5836. This contact is intended solely for inquiries or feedback related to accessibility barriers, accommodation requests or alternate format requests. We will work with you to ensure your needs are met. You will only receive a response to inquiries related to these topics.