Risk Analyst

Global Technical Talent, an Inc. 5000 Company; Toronto; Hybrid; CAD 100,000 - 125,000; Full time

Job summary

An established industry player is seeking a Risk Analyst to join their dynamic team in Toronto. This role involves managing Counterparty Credit Risk, ensuring compliance with credit limits, and collaborating with various stakeholders to enhance business support. The ideal candidate will have a strong background in finance, exceptional analytical skills, and the ability to navigate complex systems. This opportunity offers a chance to grow in a supportive environment while contributing to high-stakes financial decisions. If you are a self-starter with a passion for risk management, this position is perfect for you!

Qualifications

• 2 to 4 years of experience in risk management or finance roles.
• Strong analytical and communication skills are essential.

Responsibilities

• Manage Counterparty Credit Risk and report on exposures.
• Liaise with various stakeholders to meet risk management objectives.

Skills

Investigating/Analytical skills

Knowledge of financial products

Counterparty credit risk

Overall risk experience

Strong communication

Self-motivated

Organizational skills

Interpersonal skills

Education

Relevant post-secondary education (e.g., Finance)

Tools

Excel

SQL

VBA

Python

Job description

Join to apply for the Risk Analyst role at Global Technical Talent, an Inc. 5000 Company.

Job Title: Risk Analyst
Contract Duration: 6 months
Pay rate: C$45/hr
Location: Toronto, ON
Work Type: Hybrid, 2 days in office. Thursday is an anchor, the other day is flexible.

Summary of day-to-day Responsibilities:

• The Risk Analyst manages Counterparty Credit Risk by investigating and escalating credit excesses at the facility level.
• Generate accurate and complete processes to measure and report on exposures ensuring that all reports are submitted as per reporting guidelines.
• Ensure risks within portfolios covered are correctly measured, aggregated, and analyzed in accordance with established and approved counterparty limits.
• Provide analysis, reporting, and monitoring of risk exposures and adhere to internal standards with regard to violations and the escalation of production issues.
• Ensure that all late or missing reports and related process metrics are recorded, documented, and explained appropriately.
• Propose, schedule, plan, and champion projects to improve efficiencies in order to provide more effective business support.
• Execute infrastructure changes with regard to the implementation of new or revised policies or processes.
• Ensure internal control processes are adequate and documented appropriately as per the governance standards including establishing appropriate review and assessment of the quality of outputs based on business standards.
• Manage operational risk (e.g., cross-training, documentation, and audit).
• Liaise closely with the Bank’s front office traders, Credit Risk Management (CRM), Global Markets Credit (GMC), audit, technology groups, and other stakeholders to meet the Bank’s objectives.
• Perform ad-hoc analyses of specific metrics/exposures/transactions as required by management and stakeholders.
• Maintain a good understanding of the analytical principles underlying the risk management of financial derivatives, including issues that arise regarding the financial modeling of products for risk purposes.

Department Overview:

• The Market Risk and Counterparty Analytics area is part of the Client Corporate Risk Management function.
• Our teams are accountable for the generation and monitoring of an independent view of the Profit and Loss, Market Risk, Counterparty Credit Risk, Collateral, and Valuation activities of The Bank’s global trading activities.
• We support trading and non-trading business initiatives, inform an array of risk management decisions, and facilitate business through managing evolving front office needs while ensuring appropriate capture and control of risk.
• Within Market Risk and Counterparty Analytics, the Counterparty Risk Analytics team is responsible for a number of activities related to the quantitative analysis of credit risk, policy implementations, and exception management across a number of trading and non-trading businesses within Client Group.

Job Description:

• An Analyst within the Credit Exception Management team will primarily be focused on analysis, reporting, and monitoring of risk exposures ensuring that they are in accordance with established counterparty credit limits. The incumbent is expected to execute infrastructure changes with regard to new or revised credit facilities.
• The Risk Analyst role will involve close partnership and interaction with a wide range of areas, including credit risk management, global counterparty credit, market risk control, model development, front office, audit, and change delivery.
• As a result, the successful candidate will be required to possess strong communication skills.

Job Requirements:

• Strong knowledge of financial products, and counterparty credit risk.
• Experience with working with complex systems.
• Experience with performing impact assessments, drafting requirements, and performing testing for projects.
• Self-starter with a high degree of initiative and the ability to learn and adapt quickly.
• Strong analytical skills and attention to detail.
• Strong organizational, follow-up, and priority-setting skills to handle multiple tasks/projects.
• Self-motivated, well organized, able to work both independently and in a team environment.
• Strong interpersonal skills are required, as the candidate will be called upon to demonstrate leadership in the team.
• Excellent verbal and written communication skills.
• Candidates with experience in Risk Management roles will be favorably positioned.
• Technical skills (Excel/SQL/VBA/Python etc) will also be viewed favorably.

Required Education/ Experience:

• Degree/Certifications Required: Relevant post-secondary education (e.g., Finance).
• 2 to 4 years of experience.

Must have skills:

• Investigating/ Analytical skills.
• Knowledge of financial products.
• Counterparty credit risk.
• Overall risk experience.
• Take ownership of their work.
• Strong communication.

Nice to have:

• SQL.
• VBA.
• Python.
• Postgraduate degree (CFA, MBA).

Note:

• Investigating/ escalating credit.
• Risk-related experience - e.g., risk in another bank. Credit risk/ Market risk.
• Working knowledge of derivative and fixed-income products.
• Requires a lot of investigations and how well they work with stakeholders on these investigations.
• Transferable skills from other risk roles.

About The Company:

• Top 10 banks in Canada and North America offering comprehensive financial solutions. Providing retail, commercial, wealth management, and wholesale banking services, we help clients thrive in today's evolving market.

Seniority level

• Entry level

Employment type

• Contract

Job function

• Finance and Sales

Industries

• Staffing and Recruiting