Risk Analyst/Counterparty Credit Risk

BeachHead; Toronto; On-site; CAD 70,000 - 100,000; Full time

Job summary

A leading financial institution is seeking a Risk Analyst specializing in Counterparty Credit Risk to enhance credit analytics. The successful candidate will engage in daily risk assessments, collaborate with various teams, and provide expertise in regulatory developments. This role requires a strong background in finance or risk management and offers opportunities for professional growth.

Qualifications

• 3-6 years of capital markets experience focused on counterparty credit risk.
• Knowledge of Basel III and emerging regulations.
• Strong quantitative skills.

Responsibilities

• Provide support to Front Office and Credit Management.
• Review daily counterparty credit risk exposures.
• Collaborate with Trading, Technology, and Finance teams.

Skills

Quantitative skills

Analytical reports

Data processing techniques

Risk management

Knowledge of Basel III

Knowledge of FINRA 4210

Proficiency in MS Excel

Ability to prioritize tasks

Education

Bachelor's Degree in finance

Bachelor's Degree in risk management

Bachelor's Degree in quantitative discipline

Job description

Working with one of the top financial clients, this role calls for a Risk Analyst/Counterparty Credit Risk who will play a key role in the establishment and rollout of credit analytics across The Bank. The successful candidate will build a detailed understanding of the various derivative and financing businesses supported by Market Risk & Counterparty Analytics.

Responsibilities:

1. Provide ad-hoc support to the Front Office and Credit Management to facilitate trading of existing and new products.
2. Review daily counterparty credit risk exposures and investigate any credit anomalies.
3. Perform daily analysis of potential future exposure and various capital measures.
4. Provide credit-related subject matter expertise for ongoing strategic initiatives.
5. Support internal or external data mining and risk reporting as needed.
6. Assess and monitor Counterparty Credit Wrong Way Risk according to risk appetite and policies.
7. Highlight key risks and provide ongoing commentary on stress test results.
8. Collaborate closely with Trading, Technology, Finance, Model Development, and Credit Management teams.
9. Act as a subject matter expert for Counterparty Credit Risk Systems.
10. Stay informed about regulatory developments related to risk reporting and capital measures.
11. Assist in quantitative aspects of risk policies involving credit exposures.
12. Maintain understanding of key risk issues through review of reports and dialogue.
13. Support Technology Solutions in model implementation.

Desired Skill Set:

1. 3-6 years of relevant capital markets experience, primarily focused on counterparty credit risk.
2. Knowledge of Basel III, FINRA 4210, and emerging regulations.
3. Bachelor’s Degree in finance, risk management, or a quantitative discipline.
4. Proficiency in MS Excel.
5. Strong quantitative skills and experience with analytical reports.
6. Knowledge of data processing techniques and management control systems.
7. Ability to prioritize tasks in a fast-paced environment.

Nice To Have:

1. CFA / FRM candidacy or progress towards these certifications.
2. Master’s degree in finance, risk management, or related field.