Data Scientist, Market Risk Models

Desjardins Group; Montreal; On-site; CAD 90,000 - 120,000; Full time

Benefits offered by this job

Competitive salary

Annual bonus

4 weeks of flexible vacation

Defined benefit pension plan

Group insurance with telemedicine

Health and wellness reimbursement

Job summary

Desjardins Group in Montreal is seeking a junior data scientist for a 12-month temporary role with the Capital Markets Data Valorization Team. You will help implement and document methodologies for derivatives and market risk models, including VaR, stress tests and regulatory frameworks.

You will draft documentation, review model inputs with stakeholders, and help bring new risk products into systems such as Murex, MSCI RiskMetrics and FIS Adaptiv.

Qualifications

• Bachelor’s degree in finance, financial engineering or a related field.
• A minimum of four years of relevant experience in a market risk management or financial market environment.
• Experience working with a middle office, modelling team or model validation team.
• Knowledge of French is required.
• Advanced proficiency of English due to the nature of the duties or work tools or because the position involves interactions with English-speaking partners, members and/or clients.
• Advanced Excel skills.

Responsibilities

• Draft and update methodological documentation for derivatives and market risk models.
• Update and document quantification methodologies for risk metrics (VaR, stress tests) and regulatory frameworks (FRTB, SIMM, ICAAP).
• Review model inputs and components in collaboration with stakeholders.
• Implement new products in risk systems (Murex, MSCI RiskMetrics, FIS Adaptiv).
• Participate in workshops to formalize model needs and support their implementation.
• Contribute to the development of risk modelling practices through analysis, proposals and exploratory work.

Skills

Advanced Excel

Education

Bachelor’s degree in finance/financial engineering or related field

Tools

Murex

MSCI RiskMetrics

FIS Adaptiv

Job description

Temporary 12 months position. The Capital Markets Data Valorization Team is looking for a junior data scientist to join the dynamic market risk model design team, which works closely with the middle office and data validation team. You will help implement and document the methodology for models related to derivatives, market risk metrics (VaR, stress tests) and regulatory frameworks (FRTB, SIMM, ICAAP). The position requires a solid technical foundation, strong learning, collaboration and communication skills, and an analytical mindset so you can effectively support the team’s work and participate in ongoing initiatives. More specifically, you will be required to : Help draft and update methodological documentation for derivatives and market risk models. Help update and document quantification methodologies for risk metrics (VaR, stress tests) and regulatory frameworks (FRTB, SIMM, ICAAP), according to the established standards. Help review model inputs and components, in collaboration with stakeholders. Help implement new products in risk systems (Murex, MSCI RiskMetrics, FIS Adaptiv). Participate in workshops to formalize model needs and support their implementation. Contribute to the development of risk modelling practices through analysis, proposals and exploratory work.

What we offer

• Competitive salary and annual bonus
• 4 weeks of flexible vacation starting in the first year
• Defined benefit pension plan that provides predictable, stable income throughout retirement
• Group insurance including telemedicine
• Reimbursement of health and wellness expenses
• Benefits apply based on eligibility criteria.

What you bring to the table

• Bachelor’s degree in finance, financial engineering or a related field
• A minimum of four years of relevant experience in a market risk management or financial market environment
• Experience working with a middle office, modelling team or model validation team
• Knowledge of French is required
• Advanced proficiency of English due to the nature of the duties or work tools or because the position involves interactions with English-speaking partners, members and/or clients
• Advanced Excel skills

Please note that other combinations of qualifications and relevant experience may be considered.

Action oriented, Complexity, Customer Focus, Differences, Innovation, Interpersonal Savvy, Nimble learning Equity, Diversity, Inclusion and Accessibility

Equity, Diversity, Inclusion and Accessibility At Desjardins, we believe in equity, diversity and inclusion. We're committed to welcoming, respecting and valuing people for who they are as individuals, learning from their differences, embracing their uniqueness, and providing a positive workplace for all. At Desjardins, we have zero tolerance for discrimination of any kind. We believe our teams should reflect the diversity of the members, clients and communities we serve. If there's something we can do to help make the recruitment process or the job you're applying for more accessible, let us know. We can provide accommodations at any stage in the recruitment process. Just ask!

Desjardins Group is the largest cooperative financial group in North America. We're the choice for over 52,000 employees and we're named one of Canada's top employers by Mediacorp and Forbes. We offer a full range of financial products and services and share our expertise in personal services, business services, wealth management, life and health insurance, and property and casualty insurance. Pursuing a career at Desjardins means being part of an organization that puts people first.