Senior Associate, Risk Analytics

Ontario Teachers'; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

Ontario Teachers' is seeking a Senior Associate in Risk Analytics to independently monitor and report market and credit risk. The role involves performing risk attribution analysis, enhancing BI reporting tools, and collaborating with various teams. Ideal candidates will have over 3 years of experience in finance, solid analytical skills, and familiarity with risk measurement tools.

Benefits

Competitive salary and incentive

Comprehensive employer paid benefits coverage

Retirement income through a defined benefit pension plan

Flexible / hybrid work environment

Competitive time off

Employee discount programs

Qualifications

• 3+ years’ experience in a risk management function at a major financial institution.
• Solid knowledge of risk measurement and derivatives pricing.
• Excellent written and verbal communication skills.

Responsibilities

• Perform daily analysis and reporting of the fund’s VaR / ETL, Greeks and Backtesting.
• Collaborate with internal stakeholders on new products and reporting requests.
• Review and conduct UAT testing of changes introduced to the enterprise risk system.

Skills

Risk measurement

Derivatives pricing

Analytical skills

Communication

Problem-solving

Change management

Education

Relevant Master’s degree

CFA or FRM designation

Tools

Excel

VBA

SQL

Python

FIS Adaptiv

Job description

As a Senior Associate in Risk Analytics, you will report to the Senior Manager and support the team in independently monitor and accurately report OTPP’s market and credit risk with a focus on reporting and projects. The candidate will use strong financial product knowledge and risk analysis skills to perform risk attribution analysis and provide insights into risk movements across various dimensions. The Senior Associate, Risk Analytics will actively participate in various initiatives aim to improve the accuracy and efficiency of the fund’s integrated risk system and support monthly risk system upgrade initiatives related to the design, testing and delivery of technology solutions for investment risk.

Who will you work with?

You will collaborate, develop, and maintain relationships with Investment, Risk, Finance, Enterprise Operation, and external vendors. You will work along a team of passionate and efficient risk managers and analysts to constantly challenge status quo and improve the risk reporting practice at OTPP.

What will you do?

Perform daily analysis, reporting and monitoring of the fund’s VaR / ETL, Greeks, Backtesting for Active and Asset risk at the total fund level and communicate effectively and timely on all limit breaches and material risk movements to management.

Maintain and enhance BI reporting suite and various risk analysis tools developed inhouse to facilitate deeper understanding of risk drivers and changes

Identify, analyze, and resolve issues around risk reporting and perform market data quality checks on various data sources and programs.

Collaborate with Risk and Enterprise Operation to define and review business requirements around market data, model implementation, workflow design and reporting. Ensure potential implications of each change are understood and issues are triaged appropriately and addressed

Review and conduct UAT testing of changes introduced to the enterprise risk system to ensure business requirements are met and risk movements are explained, documented and communicated

Ensure internal control processes are documented, continuously updated and train other members of the Risk Analytics team.

Collaborate with internal stakeholders on new products and reporting requests utilizing your knowledge of risk measurement to provide valuable insights and guidance.

What will you need?

3+ years’ experience in risk management function at a major financial institution

Solid knowledge of risk measurement and derivatives pricing,

Solid working knowledge of Excel, VBA, SQL and Python

Strong analytical skills and the ability to think through problems, assess a variety of factors and recommend a solution

Excellent written and verbal communication skills

Experience with change management lifecycle is an asset

Experience with FIS Adaptiv is an asset

Relevant Master’s degree (such as Financial Mathematics, Business / Finance, Economics, Computer Science) is an asset

CFA or FRM designation is an asset

LI-OTPP, #LI-ER1, #LI-Hybrid

What we’re offering

Pay-for-performance environment that offers competitive salary and incentive

Numerous opportunities for professional growth and development

Comprehensive employer paid benefits coverage

Retirement income through a defined benefit pension plan

The opportunity to invest back into the fund through our Deferred Incentive Program

A flexible / hybrid work environment combining in office collaboration and remote working

Competitive time off

Our Flexible Travel Program gives you the option to work abroad in another region / country for up to a month each year

Employee discount programs including Edvantage and Perkopolis

At Ontario Teachers', diversity is one of our core strengths. We take pride in ensuring that the people we hire and the culture we create, reflect and embrace diversity of thought, background and experience. Through our Diversity, Equity and Inclusion strategy and our Employee Resource Groups (ERGs), we celebrate diversity and foster inclusion through events for colleagues to connect for professional development, networking & mentoring. We are building an inclusive and equitable workplace where our talent is respected, accepted and empowered to be themselves. To learn more about our commitment to Diversity, Equity and Inclusion, check out Life at Teachers'.

How to apply

Are you ready to pursue new challenges and take your career to the next level? Apply today! You may be invited to complete a pre-recorded digital interview as part of your application.

Accommodations are available upon request ([emailprotected] ) for candidates with a disability taking part in the recruitment process and once hired.

Candidates must be legally entitled to work in the country where this role is located.

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