Credit Risk Analyst ERM

Canada Life; Toronto; On-site; CAD 63,000 - 118,000; Full time

Job summary

A leading financial services organization is hiring a Credit Risk Analyst to support their Financial Risk Management team. The role involves analyzing credit risks, enhancing existing models, and collaborating with senior stakeholders to ensure compliance with risk frameworks. Candidates should have a strong analytical background, relevant educational qualifications, and experience in credit risk analysis.

Benefits

Competitive rewards program

Work on innovative projects

Opportunity for career development

Qualifications

• Minimum of 5 years of work experience including credit rating analysis.
• Proactive and self-directed with a history of creating process efficiencies.
• Keen eye for detail.

Responsibilities

• Review internal bond credit ratings and transactions for approval.
• Support development of effective credit risk processes.
• Enhance and test internal rating models.

Skills

Analytical skills

Problem-solving skills

Communication skills

Education

Undergraduate degree in Business Administration or relevant field

CFA or FRM designations (in progress or completed)

Tools

Microsoft Office suite

Bloomberg

S&P CapIQ

Job description

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Permanent Full Time

A unique opportunity in our global Financial Risk Management (FRM) team to analyze credit risk on fixed income holdings and to also analyze risks on other investments to develop guidance and risk advice for senior stakeholders.

The team

The Financial Risk Management team provides independent advice to senior management and the Board of Directors, and helps to support the oversight of market, credit and liquidity risks, and investment strategies across our group of companies. We operate as a central function, in a global team across UK, Ireland and Canada. Our team is fast-growing and dynamic, enabling you to draw upon a diverse range of knowledge, experience and skills. We will continually encourage you to develop and excel in all areas of your role.

The role

You will play a key role in supporting the development and management of Company’s enterprise-wide framework for financial risk by:

• Independently reviewing internal bond credit ratings and alternative investments on new and existing transactions for approval by the AVP, Credit Adjudication
• Review transactions to ensure appropriate use of credit rating models and opine on overall credit risk
• Support Risk Function with development of effective processes for the identification, assessment, management, monitoring and reporting of credit risks across the Company. This includes streamlining the credit review process and creating efficiencies through automation.
• Enhancing and testing existing internal rating models to ensure they appropriately evaluate risks and support business objectives
• Ensuring credit risk of the Company is managed within the Risk Appetite Framework and operating standards and guidelines
• Performing independent research on credit risk rating trends and keeping up to date on external credit rating agency’s developments
• Collaborating in various internal projects as well as the day-to-day activities performed by the Financial Risk team
• Assisting with the preparation of executive and Board-level material to effectively communicate technical concepts
  
  

Desirable Skills

• Undergraduate degree in Business Administration, Accountant, other relevant degrees or a relevant professional body risk qualification.
• Certified Financial Analyst (CFA) and/or Financial Risk Manager (FRM) designations, or progress towards either of these designations is an asset
• Minimum of 5 years of work experience including credit rating analysis
• Proactive and self-directed with demonstrated history of creating process efficiencies/automation (basic understanding of programming/AI concepts or experience leveraging AI is a plus)
• Experience in the understanding of finance and accounting principles
• Knowledge or interest in financial risk management and investments. Experience with alternative investments (private credit, private equity, real estate, etc.) or reinsurance is an asset.
• Superior analytical and problem-solving skills
• Keen eye for detail and strong analytical and problem-solving skills
• Effective communication skills
• Technically proficient in Microsoft Office suite, Bloomberg and S&P CapIQ
  
  

What's in it for you?

• Rapidly develop your problem solving, relationship-building and communication skills
• Work on challenging and innovative projects in a dynamic, collaborative and fast-growing team
• Competitive and comprehensive rewards program including bonuses and flexible benefits
  
  

The base salary for this position is between $63,500 - $117,400 annually. This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc). If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.

Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.

Be your best at Great-West Lifeco and Canada Life - Apply today!

Great-West Lifeco Inc is a Canadian headquarter, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management, and reinsurance businesses. We operate in Canada, the United States, and Europe under the brands: Canada Life, Empower and Irish Life.

At the end of 2023, our companies had over 33,500 employees, 232,000 advisor relationships, and thousands of distribution partners – serving approximately 42 million customer relationships.

Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a member of the Power Corporation group of companies.

Being a part of our organization means you have a voice. This is a place where your unique background, perspectives and talents are valued, and shape our future success.

You can be your best here. You are part of a diverse and inclusive workplace where your career and well-being are championed. You’ll have the opportunity to excel in your way, finding new and better ways to deliver exceptional customer and advisor experiences.

We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employeehas the opportunity toreach their potential.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Canada Life policies. To request a reasonable accommodation in the application process, contact [e-mail].

Wewould like to thank all applicants, however only those who qualify for an interview will be contacted.

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Financial Services and Insurance

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