Risk Analyst- Counterparty Credit Risk

ProViso Staffing; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading company in Toronto is seeking a Counterparty Credit Risk Analyst with 3-6 years of experience in capital markets. The role involves analyzing credit risks, supporting trading activities, and ensuring compliance with regulatory standards. Candidates should possess a Bachelor's degree in finance or a related field, with strong analytical skills and proficiency in MS Excel. This contract position offers the potential for extension and conversion to full-time employment.

Qualifications

• 3-6 years of capital markets work experience focused on counterparty credit risk.
• Knowledge of Basel III and FINRA 4210 regulations.

Responsibilities

• Build understanding of derivative and financing businesses.
• Review daily counterparty credit risk exposures.
• Provide credit-related subject matter expertise.

Skills

Counterparty Credit Risk

Capital Market Risk Management

Analytical Reporting

Data Processing Techniques

Education

Bachelor's Degree in Finance

Master's Degree in Finance

Tools

MS Excel

Job description

Candidate profile details:

• Years of experience: 3-6 years
• Interaction with Stakeholders: 20-30%
• Team Size: 6
• Project: will work on production tasks, further projects will mostly be assigned
• Selling Point of the position: possibility of extension and conversion to full-time
• How will performance be measured: accuracy, feedback from stakeholders/team members
• Best vs Average Candidate: someone who has Counterparty Credit Risk exp, capital market risk mgt exp, who has Masters degree or CFA degree, detailed oriented, automation skills

Summary of day-to-day responsibilities:

• Reporting to the Group Manager, Counterparty Credit Risk, this position plays a key role in the establishment and rollout of credit analytics across The Bank.
• The successful candidate will:
o Build a detailed understanding of the various derivative and financing businesses which Market Risk & Counterparty Analytics supports.
o Provide ad-hoc support to Front Office and Credit Management to facilitate trading of existing and new products.
o Review daily counterparty credit risk exposures and investigate any credit anomalies.
o Perform daily analysis of potential future exposure and various capital measures.
o Provide credit related subject matter expertise for a high number of ongoing strategic initiatives with the Firm.
o Provide ad-hoc data mining and risk reporting when required in support of internal or external requests.
o Perform assessment and monitoring of Counterparty Credit Wrong Way Risk in accordance to the bank’s risk appetite and credit policies.
o Highlight key risks in specific business lines and in the firm as a whole, and provide ongoing commentary on stress results.
o Work closely with the Trading desk, Technology, Finance, Model Development and Credit Management providing expert knowledge and support to ongoing credit risk analytics.
o Act as a subject matter expert for Counterparty Credit Risk Systems.
o Maintain an understanding of regulatory landscape related to risk reporting and capital measures.
o Assist in quantitative aspects of bank’s risk policies involving credit exposures to counterparties.
o Maintain thorough understanding of all key risk and risk-related issues through continual review of risk reports/related data and dialogue with relevant parties.
o Provide assistance to Technology Solutions in model implementation.
o Continuously enhance the methodologies implemented in client’s risk.

Must have:

• 3-6 years prior capital markets work experience primarily focused on counterparty credit risk is required.
• Knowledge of Basel III, FINRA 4210, and emerging regulations.
• Bachelor’s Degree specializing in finance, risk management, or other quantitative discipline.
• Proficient in MS Excel.
• Strong quantitative background and experience producing analytical reports.
• Knowledge in data processing techniques and their application to management control information systems.
• Ability to prioritize multiple tasks and deliver results in a fast-paced environment.

Nice To Have:

• CFA / FRM candidates preferred – working towards CFA/FRM is accepted too.
• A master’s degree in finance, risk management, or other quantitative discipline is an asset

Job Details

13242

Contract

10 months

Toronto