Senior Analyst

National Bank of Canada; Edmonton; On-site; CAD 110,000 - 150,000; Full time

Benefits offered by this job

Health benefits

Pension plan

Employee assistance program

Flexible benefits

Job summary

National Bank of Canada is seeking a Senior Analyst in Credit Risk Analytics to lead IFRS-9 reporting and analytics, along with IFRS-9 and stress-testing model development and performance monitoring.

You will support related risk functions including RWA, Economic Capital and stress testing, applying strong analytical skills to build advanced models and robust risk processes for senior management.

Qualifications

• Masters in a relevant field (Financial Engineering, Finance, Statistics, Economics, Mathematics, Computer Science, Data Science).
• CFA and/or FRM would be an asset.
• SAS certification would be an asset.
• Hands‑on experience with large enterprise data sets.
• Knowledge of IFRS-9 and regulatory requirements.
• Experience with SAS, SQL, MS Excel (VBA) or Python.
• Knowledge of AI and Machine Learning would be an asset.
• Excellent analytical and communication skills; ability to explain results clearly.
• Detail oriented with ability to see the big picture.
• Ability to work under pressure and meet tight deadlines.
• Ability to work independently with limited guidance.

Responsibilities

• Develop and recalibrate IFRS-9 and stress testing models for wholesale and retail portfolios.
• Conduct model backtesting and monitor performance; propose actions as needed.
• Keep current with modeling methodologies, tools, and regulatory requirements.
• Perform IFRS-9 ECL impact assessments for recalibration, scenario changes, updates, data migration.
• Operate and maintain IFRS-9 ECL reporting processes for timely results.
• Validate inputs/outputs for quality control and governance.
• Provide in-depth analysis on IFRS-9 results and drivers of ECL movements.
• Prepare IFRS-9 ECL materials for stakeholders, auditors and regulators.
• Identify opportunities to improve IFRS-9 ECL calculation engine.

Skills

English

SAS

SQL

Python

MS Excel (VBA)

Analytical thinking

Communication skills

Problem solving

Education

Masters in Financial Engineering, Finance, Statistics, Economics, Mathematics, Computer Science or Data Science

Tools

SAS

SQL

Python

Job description

As aSenior Analystin theCredit Risk Analyticsteam at National Bank, you’llberesponsible for the IFRS-9 reporting and analytics, as well as IFRS-9 and stress testing model development and performance monitoring.

This role will also need to support other closely related risk functions that includes RWA, Economic Capital and stress testing. With yourstrong analytical skills, experienceincredit risk modeling,and knowledgeofIFRS-9 and regulatory requirements, you’ll have a positive impactonNBC’s credit risk management through building advanced models, efficient and robust risk processes and providing insightful analyses to our senior management.

• Develop and recalibrate IFRS-9 and stress testing models for the Bank’s wholesale and retail portfolios. Document the data selection, modeling techniques and implementation.
• Conduct model backtesting, monitor model performance and propose appropriate model actions when necessary.
• Keep abreast of up-to-date modeling methodologies, tools and regulatory requirements.
• Conduct IFRS-9 ECL impact assessment for parameter recalibration, economic scenario change, model updates, data migration and process changes.
• Operate and maintain the IFRS-9 ECL reporting processes to produce timely and accurate ECL results.
• Validate the process inputs and outputs for quality control and governance.
• Provide in-depth analysis on IFRS-9 results and identify key drivers for ECL movements.
• Prepare IFRS-9 ECL results, analysis and materials for IFRS-9 stakeholders, External Audit and regulators.
• Review, identify and recommend process improvement opportunities for IFRS-9 ECL calculation engine.
• Develop, manage and monitor IFRS-9 PCL budget and limit for the bank.
• Collaborate with IFRS-9 stakeholders, including Economics, Finance, IT, Credit Risk Models, Model Validation Group, and Internal Audit.
• Provide support for ad-hoc requests required by IFRS-9 stakeholders and senior management in a precise and efficient manner.
• Develop and maintain the IFRS-9 related documentation. Review and evaluate the technical implementation and results.
• Contribute to strategic risk initiatives by using analytical skills to project potential losses and make recommendations to limit risk.
• Demonstrate insight into internal client's business and develop innovative solutions that create value.

Your Team:

As part of theCredit Risk Analyticssector, you’ll be on a team of25of colleagues and you’ll report to theSenior Directeur.Our team stands out forexpertise in model development, model implementation and risk reporting in IFRS-9, stress testing and capital areas.As some processes are part of the Bank’s month-end or quarter-end reporting to the public or to the regulators, we may work under tight deadline and pressure sometimes.We offer a wide range of ongoing learning opportunities for your development, includingcoaching,hands-on learning, training courses and through the collaborating with colleagues who have varied expertise and profilessuch as in-depth data analytics, model development, risk programming and presentation to senior management.

Prerequisites:

• Masters in a relevant field such as Financial Engineering, Finance, Statistics, Economics, Mathematics, Computer Science and Data Science.
• Completion or progression in CFA and/or FRM would be an asset.
• Completion of SAS certification would be an asset.
• Hands‑on experience in managing, reconciling, and interpreting large and complex enterprise level data sets.
• Knowledge with IFRS-9 and regulatory requirements.
• Hands‑on experience with SAS, SQL, MS Excel (VBA) or Python.
• Knowledge of AI and Machine Learning would be an asset.
• Excellent analytical skills to identify the causes of risk changes and impact to business and strategy.
• Ability to effectively communicate the analysis and explain the results in a simple and concise way.
• Strong attention to details and the ability to understand the big picture.
• Demonstrated ability to work under pressure and tight deadline.
• Exceptional critical thinking skills, learning skills and ability to work independently with limited guidance.

As aSenior Analystin theCredit Risk Analyticsteam at National Bank, you’llberesponsible for the IFRS-9 reporting and analytics, as well as IFRS-9 and stress testing model development and performance monitoring.

This role will also need to support other closely related risk functions that includes RWA, Economic Capital and stress testing. With yourstrong analytical skills, experienceincredit risk modeling,and knowledgeofIFRS-9 and regulatory requirements, you’ll have a positive impactonNBC’s credit risk management through building advanced models, efficient and robust risk processes and providing insightful analyses to our senior management.

Your job:

• Develop and recalibrate IFRS-9 and stress testing models for the Bank’s wholesale and retail portfolios. Document the data selection, modeling techniques and implementation.
• Conduct model backtesting, monitor model performance and propose appropriate model actions when necessary.
• Keep abreast of up-to-date modeling methodologies, tools and regulatory requirements.
• Conduct IFRS-9 ECL impact assessment for parameter recalibration, economic scenario change, model updates, data migration and process changes.
• Operate and maintain the IFRS-9 ECL reporting processes to produce timely and accurate ECL results.
• Validate the process inputs and outputs for quality control and governance.
• Provide in-depth analysis on IFRS-9 results and identify key drivers for ECL movements.
• Prepare IFRS-9 ECL results, analysis and materials for IFRS-9 stakeholders, External Audit and regulators.
• Review, identify and recommend process improvement opportunities for IFRS-9 ECL calculation engine.
• Develop, manage and monitor IFRS-9 PCL budget and limit for the bank.
• Collaborate with IFRS-9 stakeholders, including Economics, Finance, IT, Credit Risk Models, Model Validation Group, and Internal Audit.
• Provide support for ad-hoc requests required by IFRS-9 stakeholders and senior management in a precise and efficient manner.
• Develop and maintain the IFRS-9 related documentation. Review and evaluate the technical implementation and results.
• Contribute to strategic risk initiatives by using analytical skills to project potential losses and make recommendations to limit risk.
• Demonstrate insight into internal client's business and develop innovative solutions that create value.

Your Team:

As part of theCredit Risk Analyticssector, you’ll be on a team of25of colleagues and you’ll report to theSenior Directeur.Our team stands out forexpertise in model development, model implementation and risk reporting in IFRS-9, stress testing and capital areas.As some processes are part of the Bank’s month-end or quarter-end reporting to the public or to the regulators, we may work under tight deadline and pressure sometimes.We offer a wide range of ongoing learning opportunities for your development, includingcoaching,hands-on learning, training courses and through the collaborating with colleagues who have varied expertise and profilessuch as in-depth data analytics, model development, risk programming and presentation to senior management.

Prerequisites:

• Masters in a relevant field such as Financial Engineering, Finance, Statistics, Economics, Mathematics, Computer Science and Data Science.
• Completion or progression in CFA and/or FRM would be an asset.
• Completion of SAS certification would be an asset.
• Professional experience in quantitative model development.
• Hands‑on experience in managing, reconciling, and interpreting large and complex enterprise level data sets.
• Knowledge with IFRS-9 and regulatory requirements.
• Hands‑on experience with SAS, SQL, MS Excel (VBA) or Python.
• Knowledge of AI and Machine Learning would be an asset.
• Excellent analytical skills to identify the causes of risk changes and impact to business and strategy.
• Ability to effectively communicate the analysis and explain the results in a simple and concise way.
• Strong attention to details and the ability to understand the big picture.
• Demonstrated ability to work under pressure and tight deadline.
• Exceptional critical thinking skills, learning skills and ability to work independently with limited guidance.

Languages: English

Required skills: Artificial Intelligence, Auditing, Capital Risk, Communication, Cross-team Collaboration, Cybersecurity, Diversity & Inclusion, Empathy, Initiative, Learning Agility, Resiliency, Risk, Stress Testing, Teamwork

Your benefits

In addition to competitive compensation, you’ll be eligible for a wide range of flexible benefits to help promote your wellbeing and that of your family such as:

• Health and wellness program, including many options
• Group insurance
• Generous pension plan
• Employee and Family Assistance Program
• Preferential banking services
• Opportunities to get involved in community initiatives
• Telemedicine service
• Virtual sleep clinic

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.

Making a bold move in a people-first environment

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 people's lives. Our core values of partnership, agility, and empowerment inspire us, and inclusion is central to our commitments. We aim, wherever possible, to provide a barrier-free and accessible environment to all employees.

We strive to provide accessibility measures throughout the recruitment process within the limits of our available resources. If you require accommodations, feel free to let us know during our initial conversations. We welcome all candidates! What can you bring to our team?