Risk Oversight Senior Advisor

Banque Nationale du Canada; Calgary; On-site; CAD 90,000 - 120,000; Full time

Job summary

Join a leading bank as a Market Risk Senior Advisor in Calgary, where you'll oversee market risk for the commodity desk. You'll utilize your expertise to ensure risk management frameworks are effective and aligned with the bank's values. Collaborate with a dedicated team to drive positive organizational impact and engage in community initiatives.

Benefits

Health and wellness program

Employee Share Ownership Plan

Employee and Family Assistance Program

Preferential banking services

Opportunities to get involved in community initiatives

Virtual sleep clinic

Qualifications

• 4 to 7 years of professional experience in market risk.
• In-depth understanding of market risks and derivatives.

Responsibilities

• Oversee and monitor market risk and performance of the commodity desk.
• Provide day-to-day independent oversight of activities involving commodity products.

Skills

Analytical

Problem Solving

Teamwork

Learning Agility

Resiliency

Education

Bachelor's or Master's degree in finance

Certification in finance and risk management

Tools

Python

Git

Tableau

PowerBI

Murex

Bloomberg

Job description

A career as a Market Risk Senior Advisor in the team of Market Risk at National Bank is to be responsible for overseeing and monitoring market risk and performance of the commodity desk. This job allows you to have a positive impact on the organization as you will be the point of contact with the front office for activities under your supervision.

• Ensure the accuracy of the identification, measurement and control of market risks.
• Act as an expert and resource for other members of the risk management sector team by providing quantitative expertise in pricing and risk assessment of complex products.
• Provide day-to-day independent oversight of activities involving commodity products.
• Act as a representative of risk monitoring in various bodies, including meetings with regulators, auditors, and meetings of senior internal and external committees.
• Analyze and communicate changes and trends in material risk exposures, as well as potential threats. Review, develop and calibrate new stress test scenarios based on potential threats.
• Ensure the adequacy of the risk management framework by recommending limits and controls aligned with the Bank's risk appetite within a simple, robust, and effective risk framework.
• Act as the lead for new product initiative for the market risk sector, identify the risks associated with new products and activities, and ensure that they are subject to adequate procedures and controls before being introduced or undertaken.
• Propose and approve sources of market parameters, methodologies and assumptions related to valuation assessments and adjustments.
• Perform Independent Price Verification (IPV) and review IPV related methodologies on an ongoing basis.

Your Team

Join a purpose-driven team of Market Risk experts, committed to results, in an inclusive and high-performing culture. The successful candidate will act as an ambassador for our Bank's core values of Empowerment, Partnership and Agility, and will be committed to demonstrating and embodying these values in all of their interactions.

This position is located in Calgary, and will report to the Senior Manager, Global Trading Risk Oversight - Equities and Commodities, within the Capital Markets and Treasury Risk Management sector.

Requirements

• Bachelor's or Master's degree in finance, financial engineering, mathematics, or other relevant field, as well as 4 to 7 years of professional experience in a similar field.
• Strong conceptual, analytical, and problem-solving skills. Ability to manage complex processes and comfort in completing detailed analyzes of large databases.
• In-depth understanding of market risks (VaR, stress tests, sensitivities, etc.) and the models and methods used to assess and measure the risk of derivatives.
• Demonstrated ability to distill and explain clearly complex information as well as to adapt their message to the audience (both verbally and in writing).
• Certification in finance and risk management (CFA, FRM), an asset.
• Experience in a Front Office facing role (Trading floor experience will be considered an asset)
• Being comfortable interacting with members of senior management.
• Knowledge and understanding of the regulatory framework and guidelines associated with market risk, an asset.
• Computer skills : Python programming language, version control tool (Git), Tableau and / or PowerBI visualization tools, Murex and Bloomberg software

Skills

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Commodity Risk Management Diversity & Inclusion Financial Markets Market Risk Raw Materials Risk Analysis Teamwork Value at Risk Empathy Initiative Learning Agility Resiliency Market Risk Management Risk Analytics Trade Risk

In addition to competitive compensation, upon hiring you'll be eligible for a wide range of flexible benefits to help promote your wellbeing and that of your family.

• Health and wellness program, including many options
• Employee Share Ownership Plan
• Employee and Family Assistance Program
• Preferential banking services
• Opportunities to get involved in community initiatives
• Virtual sleep clinic

These are a few of the benefits available to you. We have an offer that keeps up with trends as well as your needs and those of your family.

Our dynamic work environments and cutting-edge collaboration tools foster a positive employee experience. We actively listen to employees' ideas. Whether through our surveys or programs, regular feedback and ongoing communication is encouraged.

We're putting people first

We're a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people. Our mission is to have a positive impact on peoples' lives. Our core values of partnership, agility, and empowerment inspire us, and inclusivity is central to our commitments. We offer a barrier-free workplace that is accessible to all employees.

We want our recruitment process to be fully accessible. If you require accommodation, feel free to let us know during your first conversations with us. We welcome all candidates! What can you bring to our team?

Come live your ambitions with us!

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