Analyst, Risk Management (Market & Liquidity)

Shinhan Bank Canada; Toronto; On-site; CAD 90,000 - 120,000; Full time

Job summary

Shinhan Bank Canada is seeking a Senior Risk Analyst to support ICAAP, ECL policy updates and risk forecasting. The role involves regulatory reporting, stress testing, and governance across risk domains with a focus on accuracy and timely insights.

You will collaborate with CRO and senior management, handling data, analytics and cross-functional projects in a fast-paced banking environment in Toronto. Strong analytical and communication skills are essential.

Qualifications

• Bachelor’s degree in accounting, finance, or risk management-related required.
• 5 years of experience in financial service industry preferred; capital adequacy (BCAR/ICAAP) or IFRS 9 credit provisioning experience is a plus.
• Strong knowledge of Canadian stress testing, regulatory compliance (OSFI CAR/LAR), and risk management practices.
• Working experience in risk or financial management with statistical/financial analysis knowledge.
• Excellent research and communication skills; ability to manage multiple projects under deadlines.
• Coding skills in Python or VBA are an asset; CPA/FRM or related designation is advantageous.

Responsibilities

• Support ICAAP preparation and annual execution, including capital adequacy analysis and projections.
• Update ECL policy and forward-looking PD/LGD analyses with macroeconomic factors.
• Assist in capital, liquidity and IRRBB risk tools and models maintenance.
• Conduct stress testing and scenario analysis for liquidity, credit concentration and interest rate risks.
• Perform quarterly Peer Bank analysis and regulatory risk reporting reviews (BCAR, LCR, NCCF).
• Support data governance, review first-line data submissions and risk controls documentation.
• Prepare analytical reports and risk assessments for CRO and senior management.
• Monitor risk appetite framework limits and investigate material deviations.
• Support Pillar 3 disclosures and annual policy updates across ERM frameworks.
• Contribute to ad-hoc regulatory requests and climate risk calculations when needed.

Skills

Regulatory knowledge

Financial analysis

Data governance

Communication skills

Analytical thinking

Project management

Multitasking

Python or VBA familiarity

Education

Bachelor’s degree in accounting, finance, or risk management-related

Tools

Python

VBA

Job description

Key Responsibilities & Accountabilities

• Support the preparation and annual execution of the Internal Capital Adequacy Assessment Process (ICAAP), including capital adequacy analysis, projections and assessment against OSFI guidelines and the Bank’s internal risk appetite. The job will also entail drafting the ICAAP document for CRO review.
• Update Expected Credit Loss Policy and Perform forward-looking Probability of Default (PD) and Loss Given Default (LGD) analysis, incorporating macroeconomic factors and applying statistical regression models to support credit risk assessment and forecasting. The position will also entail review of the Parent Bank PD and LGD data and its conversion to Canadian standards as per the Banks adopted methodology.
• Support the implementation, maintenance and enhancement of the Bank’s capital, liquidity and interest rate risk assessment tools and models.
• Conduct stress testing and scenario analysis for key risk types, including liquidity risk, credit concentration risk and interest rate risk, to assess the potential impact of economic shocks on the Bank’s financial performance and capital adequacy.
• Conduct Peer Bank analysis on a quarterly basis.
• Review and analyze regulatory risk reporting, including BCAR, LCR and NCCF, to assess data accuracy, completeness and compliance with OSFI requirements.
• Support data governance activities by reviewing first‑line data submissions, identifying data quality issues and assessing the adequacy of risk controls, documentation and reporting processes.
• Prepare analytical reports, risk assessments and presentations for the CRO and senior management, highlighting key findings, emerging risks, trends and areas requiring management attention.
• Compile and analyze risk‑based indicator monitoring reports for submission to the CRO, Risk Management Committee (RMC), Asset and Liability Management Committee (ALCO), Parent Bank and regulatory bodies, as required.
• Monitor risk limits, thresholds and early-warning indicators relating to liquidity, market and interest rate risks; investigate exceptions and escape material deviations in accordance with established procedures.
• Perform monthly validation and analysis of foreign exchange (FX) transaction pricing to assess adherence to internal pricing guidelines and prevailing market standards.
• Support the annual review of Pillar 3 public disclosures by validating relevant financial and risk data and ensuring consistency with applicable regulatory disclosure requirements.
• Maintain Policy Calendar and ensure Policies are updated for ECL, Market and Liquidity, IRRBB, Crisis Management Policy Model risk including (model performance management).
• Update Market, Interest Rate, Liquidity, Enterprise Risk Management Framework, Model Risk and others as assigned.
• Support preparation of Risk Management Committee book for RMC on a quarterly basis.
• Monitor Risk Appetite Framework limits on a daily, monthly, quarterly and annually as required by the Bank’s policies and guidelines.
• Support on ad-hoc requests - Regulator, Parent Bank, Board, Risk Committee, Internal Stakeholders.
• Support on Climate risk - Physical and Transition risk calculation and computation as needed from time to time.

Job Requirements

Education Requirements:

Bachelor’s degree in accounting, finance, or risk management-related required

Work Experience Requirements:

5 years of experience in financial service industry is considered an asset; preferable capital adequacy (BCAR and ICAAP), credit provisioning (IFRS 9) or equivalent combination of related fields in Canada

• In-depth knowledge of Canadian stress testing, capital adequacy assessment, credit provisioning and regulatory compliance (e.g. OSFI CAR, LAR, E-19, B-12)
• Working experience in risk or financial management with knowledge of statistical and financial analysis
• Strong research and communication skills
• Demonstrated analytical thinking to solve complex problems
• Proven ability to handle multiple projects within tight deadlines
• Demonstrated coding skills in Python or VBA are considered an asset
• CPA designation or FRM or in pursuit of any equivalent designation, would be considered an asset

Knowledge & Skills

• Knowledge of Administration processes, practices and procedures
• Planning and Organizing
• Risk, compliance and audit mindset
• Canadian laws and regulations
• Local market knowledge
• Knowledge of Policy Development processes
• Project management
• Specialized subject matter expertise and knowledge