Senior Analyst, Risk Toronto, Canada

Global Trade Plaza; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

A leading financial services provider in Canada is looking for a Senior Risk Analyst to improve risk management strategies and profitability across its credit products. The role involves innovative use of data and collaboration with senior management to enhance customer experiences. Ideal candidates should possess a Master’s degree and have relevant experience in Financial Services, especially Credit Risk Management.

Qualifications

• 3+ years in Financial Services, specifically Credit Risk Management.
• Experience with data manipulation for insightful conclusions.
• Ability to communicate complex information effectively.

Responsibilities

• Manage credit risk and improve business profitability.
• Develop quantitative solutions for managing credit risk strategies.
• Analyze customer information for strategy effectiveness.

Skills

Problem-solving

Analytical Skills

Communication

Time management

Team Collaboration

Education

Master’s degree in a quantitative field

Tools

SAS

SQL

R

Python

Excel

Job description

Momentum Financial Services is a leading provider of financial services in North America. For 40 years, we've been committed to providing financial solutions that meet the evolving needs of consumers and business owners. Through our retail network of over 400 locations, known as Moneymart, Insta Cheques and the Cheque Cashing store, we provide access to cash and related products to help our customers achieve their goals.

Our highly skilled workforce puts customers first in everything we do. We serve 2 million people annually with diverse and innovative financial products such as loans, cheque cashing, money transfer and prepaid cards. Through this ever-evolving suite of services, we empower customers to manage their finances and improve their lives. Wherever customers are on their financial journey, Momentum Financial Services Group provides solutions.

Job Description

GENERAL FUNCTION

Come join a team where you can make a difference. Bring your passion in Artificial Intelligence and Machine Learning to life, bringing a fast-growing consumer lending Fin-Tech to the next stage, and have fun doing it.

Momentum's Analytics & Risk Organization is responsible for managing the risk reward throughout the lifecycle of our credit products and customer journey. This is an exciting organization where the contributions by the team members can really help Momentum's bottom line and create experiences that our customers love.

Artificial Intelligence and Machine learning are at the core of modern FinTech. You would be part of a new, cutting-edge Artificial Intelligence and Machine Learning center of excellence, tasked with developing innovative solutions to help the business grow and become more efficient. You get the gist – enjoy the experience of working on high impact, Silicon Valley style projects, while living anywhere in the country. You also get to learn about how big data is revolutionizing the world of consumer financial services.

DUTIES / RESPONSIBILITIES

• The Risk & Analytics team is looking for high-performing professionals who will apply their quantitative expertise, attention to detail, and curiosity to solve business problems.
• In collaboration with the Senior Manager, recommend improvements and quantify the benefits. Update and validate changes to the credit risk systems.
• Assist in managing origination strategies and policies for the Retail Financing portfolio that optimizes profitability and efficiency, while operating within the risk appetite.
• Develop quantitative solutions for managing credit risk, fraud risk, marketing campaigns and enhanced customer segmentation.
• Conceive, design & monitor risk management strategies to improve business profitability in the areas of underwriting, credit line management, universe expansion and alternative data evaluation for lending.
• Analyze customer level information to determine the effectiveness of strategies and recommend necessary changes to improve profitability.
• Innovative use of data and processes to improve risk management strategies and the customer experience.
• Communicate concise and actionable business strategies from vast amounts of data for Sr. Management.

Qualifications

EDUCATION

• Master’s degree or higher in a quantitative field such as Decision Science, Data Science, Mathematics, Statistics, Computer Science, Operations Research, Engineering, Finance, or Economics.

EXPERIENCE

• 3+ years of experience in Financial Services, specifically within Credit Risk Management.
• Good understanding of Retail Financing and / or Cards products and their origination processes is an asset.
• Proven experience in manipulating data to draw insightful conclusions using tools like SAS, SQL, R or Python.
• Capable of completing descriptive, diagnostic, exploratory, predictive, and prescriptive analytical exercises.
• Capable of managing change through typical strategy development lifecycle stages such as Ideation, Solutioning, Execution, and Go-To Market.
• Proficient in Excel, Word, and PowerPoint.
• Understanding of fraud risk management frameworks and best practices would be an asset.
• Excellent communication and presentation skills, problem-solving, time-management, collaboration, and interpersonal skills.
• Proven ability to simply explain complex information to both technical and non-technical audiences.
• Ability to work autonomously as well as in a team setting.
• Demonstrated ability to influence critical business outcomes in a matrix based, global environment.
• Aptitude and willingness to roll-up the sleeves and get involved in the details.
• Highly curious with the desire to go deep beneath the surface to solve problems.
• Must have good business judgment with demonstrated ability to think creatively and strategically.

Additional Information

All your information will be kept confidential according to EEO guidelines.

• Notice to Ontario Applicants – Momentum Financial Services Group is committed to accommodating applicants with disabilities up to the point of undue hardship during the recruitment, assessment, and selection process. If you are selected for an interview, please notify Momentum Financial Services Group if you require accommodation in respect of the materials or procedures used at any time during this process. If you require accommodation, we will work with you to determine how to meet your needs.

Note to Internal Applicants : All internal applicants are required to notify their current manager regarding interest in applying for this role.

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