Risk Analyst – Counterparty Credit Risk

ProViso Staffing; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading staffing agency is seeking a Counterparty Credit Risk Analyst to enhance credit analytics at a major bank. This role involves in-depth reporting, performance measurement, and collaboration with various stakeholders to manage capital market risks effectively. Ideal candidates have 3-6 years of experience in capital markets, a quantitative degree, and knowledge of risk regulations.

Qualifications

• 3-6 years of experience in capital markets focusing on counterparty credit risk.
• Knowledge of Basel III, FINRA 4210 regulations.
• Strong analytical and quantitative reporting skills.

Responsibilities

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

Skills

Counterparty Credit Risk

Automation skills

Detailed oriented

Quantitative background

Education

Bachelor’s Degree in Finance or Risk Management

CFA

Master’s Degree in Finance or Risk Management

Tools

MS Excel

Job description

• 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