Counterparty Credit Risk Analyst

BeachHead; Toronto; On-site; CAD 70,000 - 110,000; Full time

Job summary

An established industry player in financial services is seeking a Counterparty Credit Risk Analyst to enhance credit analytics across the Bank. This role is pivotal in understanding derivative and financing businesses, providing expert support to various departments, and conducting thorough risk analysis. The ideal candidate will possess a strong quantitative background and experience in risk analysis, enabling them to effectively manage credit exposures and contribute to strategic initiatives. If you're ready to make a significant impact in a dynamic financial environment, this opportunity is perfect for you.

Qualifications

• 2-4+ years of experience as a Risk Analyst with a strong quantitative background.
• Experience with FINRA 4210 and capital markets.

Responsibilities

• Analyze counterparty credit risk exposures and investigate anomalies.
• Support trading of products and provide credit-related expertise.

Skills

Risk Analysis

Quantitative Analysis

Data Processing

Capital Markets

Project Management

Education

Bachelor's Degree in Finance or related field

CFA/FRM Designation

Tools

Risk Reporting Tools

Statistical Software

Job description

Working with one of the top financial clients, this role calls for a Counterparty Credit Risk Analyst who will play a key role in the establishment and rollout of credit analytics across the Bank. The successful candidate will act as a subject matter expert for Counterparty Credit Risk Systems.

Responsibilities:

• Build a detailed understanding of the various derivative and financing businesses which Market Risk & Counterparty Analytics supports.
• Provide ad-hoc support to Front Office and Credit Management to facilitate trading of existing and new products.
• Review daily counterparty credit risk exposures and investigate any credit anomalies.
• Perform daily analysis of potential future exposure and various capital measures.
• Provide credit related subject matter expertise for a high number of ongoing strategic initiatives with the Firm.
• Provide ad-hoc data mining and risk reporting when required in support of internal or external requests.
• Perform assessment and monitoring of Counterparty Credit Wrong Way Risk in accordance to the bank’s risk appetite and credit policies.
• Highlight key risks in specific business lines and in the firm as a whole, and provide ongoing commentary on stress results.
• Work closely with the Trading desk, Technology, Finance, Model Development and Credit Management providing expert knowledge and support to ongoing credit risk analytics.
• Maintain an understanding of regulatory landscape related to risk reporting and capital measures.
• Assist in quantitative aspects of client’s risk policies involving credit exposures to counterparties.
• Maintain thorough understanding of all key risk and risk-related issues through continual review of risk reports/related data and dialogue with relevant parties.
• Provide assistance to Technology Solutions in model implementation.
• Continuously enhance the methodologies implemented in client’s risk.

Desired Skill Set:

• 2-4+ yrs Risk Analyst exp. with a strong quantitative background
• 2 years of experience with FINRA 4210
• Experience with Data processing
• Strong exposure to Capital Markets Experience as a Finance Analyst/Risk Analyst
• Takes initiative, prioritize & manages time effectively to carry projects from beginning to end

Nice To Have:

• Exposure to Basel III requirement
• CFA/ FRM Designation

BeachHead is an equal opportunity agency and employer. We advocate for you and welcome anyone regardless of race, color, religion, national origin, sex, physical or mental disability, or age.

Seniority level

Mid-Senior level

Employment type

Contract

Job function

Finance, Other, and Analyst

Industries

Financial Services and Banking