Senior Analyst, Credit Risk

Laurentian Bank; Montreal; Hybrid; CAD 70,000 - 90,000; Full time

Job summary

A leading bank in Montreal is seeking a skilled professional to develop credit risk assessment models and improve operational efficiency. The role involves collaboration across various teams and requires strong analytical skills and a university education in a related field. The bank offers a hybrid work model, comprehensive benefits, and a commitment to inclusion.

Benefits

Performance-based bonuses

Hybrid work model

Stock purchase plan

Paid vacation and floating days

Health and wellness programs

Group insurance and pension

Employee-only product offers

Qualifications

• Minimum 3 to 5 years of relevant experience in quantitative modelling and data analysis.
• In-depth knowledge of statistical methodologies applied to credit risk management.

Responsibilities

• Develops quantitative risk assessment models and credit-decision automation strategies.
• Analyzes and tracks performance of credit risk control and quantification models.

Skills

Analytical Skills

Creativity

Communication

Teamwork

Education

University education in mathematics, physics, statistics, actuarial science, financial engineering, econometrics

Tools

SQL

SAS

Job description

At Laurentian Bank, we believe we can change banking for the better. Founded in Montreal in 1846, Laurentian Bank helps families, businesses and communities thrive. Today, we have over 2,800 employees working together as One Team, to provide a broad range of financial services and advice-based solutions for customers across Canada and the United States. We drive results by placing our customers first, making the better choice, acting courageously, and believing everyone belongs.

This role sits within Laurentian Bank.

Participates in the development of credit risk assessment models for use in calculating loan-loss provisions and in the credit granting processes. Makes recommendations regarding adjustment of the models for use with the credit portfolios held by the Bank and its subsidiaries.

Also analyzes and tracks the performance of credit risk control and quantification models, processes and strategies. Participates actively in the design and use of reports and systems for improving credit risk monitoring and analysis.

Responsibilities

• Develops quantitative risk assessment models and credit-decision automation strategies to improve operational efficiency and support business development within the Bank’s risk appetite framework.
• Proposes adjustments and updates to risk assessment methods as needed, while maintaining consistency and the balance between business needs, risk management and compliance with risk management requirements and best practices.
• Works on the implementation of the developed tools developed and conducts the ongoing analysis required to show that they are performing well.
• Produces analytics, interprets data, explains variances and assesses what their possible implications for the Bank’s results.
• Participates in projects and assignments with potentially significant impacts on the Bank’s profitability and efficiency.
• Works jointly and closely with the following teams : business lines, marketing, product management, credit, finance, collections and operations.

Qualifications

• University education in mathematics, physics, statistics, actuarial science, financial engineering, econometrics or any other related field
• A minimum of 3 to 5 years of relevant experience in quantitative modelling and data analysis
• Relevant experience in developing credit risk assessment models
• In-depth knowledge of statistical and mathematical methodologies applied to credit risk management (logistic regression, survival analysis, inference technique, etc.)
• In-depth knowledge of database operations with SQL and the use of specialized statistical software including SAS (EG and EM)
• Ability to influence; creativity in proposing solutions
• Ability to simplify and communicate complex ideas
• Knowledge of the banking industry, credit products in Canada and credit risk management tools
• Strong analytical skills; solutions-oriented
• Bilingual (French and English)
• Team focus and ability to collaborate
• Professional proficiency in both English and French is required as the position involves frequent written and spoken communication in both languages on complex issues with people inside and outside the Bank.

What Laurentian Bank has to offer you

The total compensation offered by Laurentian Bank encompasses a comprehensive range of benefits, highlighting our commitment to the well-being and success of our employees. Here are some of the key points of our offering :

• Total compensation : Earn a comprehensive compensation package that includes annual reviews and performance-based bonuses.
• Work model : We prioritize a hybrid work model based on business needs.
• Stock purchase plan : Become not just an employee, but a Laurentian Bank shareholder. Employer matching takes your investment even further.
• Time off : In addition to paid vacation, we provide floating days and leave options to accommodate the diverse needs of our employees. Plus, as an extra perk, you also get a paid day off to celebrate your birthday.
• Health and wellness : Take care of your health and well-being with access to healthcare professionals, our Employee and Family Assistance Program (EFAP), and a Stress Management and Well-Being Program.
• Group insurance and pension : We offer a competitive insurance program based on your family’s needs and a defined contribution pension plan to help prepare for your future.
• Financial benefits : As a Laurentian Bank employee, you’re also the best ambassador for our products and services. Take advantage of employee-only offers on a wide range of products. Enjoy exclusive deals and preferred rates on products and services including insurance, hotels, train tickets, spas and many more.

We are committed to creating a fulfilling professional environment where your skills are valued, and your well-being is a priority. Join us for a rewarding career at Laurentian Bank.

Inclusion and Accessibility

At Laurentian Bank, we believe everyone belongs. We are committed to fostering an inclusive work environment that reflects the diversity of our customers and our communities and where everyone feels like they belong and can thrive. To this end, we encourage applications from individuals from equity-deserving groups, including Indigenous persons, racialized and persons with disabilities, marginalized genders and the 2SLGBTQIA+ community.

We strive to offer a flexible and accessible work experience that is inclusive of everyone. If at any time you need an accommodation, please let us know.

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