Senior Credit Risk Analyst, ERM (Full-Time Temporary Contract) | Great West

Canada Life; Winnipeg; On-site; CAD 96,200 - 146,200; Full time

Benefits offered by this job

Education reimbursement up to $2,000

Health and dental benefits + mental健康

Volunteer day

Pension plan with company match

Employee discounts

Job summary

Great-West Lifeco's Financial Risk Management team seeks a Temporary Full Time Analyst to analyze credit risk on fixed income holdings and other investments, guiding senior stakeholders.

You will review internal bond credit ratings, assess mortgage and bond risks, contribute to risk processes, enhance rating models, and stay current with credit rating agency developments. A background in finance and 5+ years of credit experience are expected.

Qualifications

• Undergraduate degree in Business Administration, Accountant, or related field.
• CFA and/or FRM designations, or progress towards either, are assets.
• Minimum of 5 years of work experience including credit rating analysis.
• Proactive and self-directed with history of creating process efficiencies/automation; basic AI concepts are a plus.
• Experience with finance and accounting principles.
• Knowledge or interest in financial risk management and investments; alternative investments or reinsurance are assets.
• Superior analytical and problem-solving skills.
• Strong attention to detail and communication skills.
• Proficiency in Microsoft Office, Bloomberg and S&P CapIQ.

Responsibilities

• Independently review internal bond credit ratings and investments for AVP approval.
• Evaluate risk ratings of proposed commercial mortgages and bonds.
• Support risk processes with identification, assessment, and reporting of credit risks; pursue automation.
• Enhance and test internal rating models to support objectives.
• Perform independent research on credit risk rating trends and external developments.
• Collaborate on internal projects and day-to-day FRM activities.

Skills

Credit rating analysis

Automation/Process improvement

Microsoft Office

Bloomberg

S&P CapIQ

Communication skills

Analytical thinking

Attention to detail

Education

Undergraduate degree in Business Administration or related field

CFA and/or FRM designation (asset)

Tools

Bloomberg Terminal

S&P Capital IQ

Programming/AI concepts understanding

Job description

Temporary Full Time

A unique opportunity in our global Financial Risk Management (FRM) team to analyze credit risk on fixed income holdings and to also analyze risks on other investments to develop guidance and risk advice for senior stakeholders.

Great-West Lifeco is a Canadian headquartered, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. We operate in Canada, the US, the UK and Europe under the brands Canada Life, Empower Retirement, and Irish Life. Our companies have over 30,000 employees, 100,000+ advisor relationships, and thousands of distribution partners - all serving our more than 40 million customer relationships across these regions.

Team

The Financial Risk Management team provides independent advice to senior management and the Board of Directors, and helps to support the oversight of market, credit and liquidity risks, and investment strategies across our group of companies. We operate as a central function, in a global team across UK, Ireland and Canada. Our team is fast-growing and dynamic, enabling you to draw upon a diverse range of knowledge, experience and skills. We will continually encourage you to develop and excel in all areas of your role.

What you will do

• Independently reviewing internal bond credit ratings and alternative investments on new and existing transactions for approval by the AVP, Credit Adjudication. Communicate results of the work to risk committees to compliment the risk oversight process.
• Evaluate the risk rating of proposed new commercial mortgages and bonds to assess whether the current assessment is appropriate and accurate, and the investments are suitable for the portfolio.
• Support Risk Function with development of effective processes for the identification, assessment, management, monitoring and reporting of credit risks across the Company. This includes streamlining the credit review process and creating efficiencies through automation.
• Enhancing and testing existing internal rating models to ensure they appropriately evaluate risks and support business objectives
• Performing independent research on credit risk rating trends and keeping up to date on external credit rating agency’s developments
• Collaborating in various internal projects as well as the day-to-day activities performed by the Financial Risk team

What you will bring

• Undergraduate degree in Business Administration, Accountant, other relevant degrees or a relevant professional body risk qualification.
• Certified Financial Analyst (CFA) and/or Financial Risk Manager (FRM) designations, or progress towards either of these designations is an asset
• Minimum of 5 years of work experience including credit rating analysis
• Proactive and self-directed with demonstrated history of creating process efficiencies/automation (basic understanding of programming/AI concepts or experience leveraging AI is a plus)
• Experience in the understanding of finance and accounting principles
• Knowledge or interest in financial risk management and investments. Experience with alternative investments (private credit, private equity, real estate, etc.) or reinsurance is an asset.
• Superior analytical and problem-solving skills
• Keen eye for detail and strong analytical and problem-solving skills
• Effective communication skills
• Technically proficient in Microsoft Office suite, Bloomberg and S&P CapIQ

What's in it for you

• Rapidly develop your problem solving, relationship-building and communication skills
• Work on challenging and innovative projects in a dynamic, collaborative and fast-growing team

The base salary for this position is between $96,200.00 - $146,200.00 annually. This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc). If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.

Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.

Grow with Great-West Lifeco

Great-West Lifeco Inc is a Canadian headquarter, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management, and reinsurance businesses. We operate in Canada, the United States, and Europe under the brands: Canada Life, Empower and Irish Life. At the end of 2024, our companies had over 32,250 employees, 106,000 advisor relationships, and thousands of distribution partners - serving approximately 40 million customer relationships.

Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a member of the Power Corporation group of companies.

What we offer

We’re committed to supporting our employees through every stage of their career. Here’s what you can expect as a full-time or part-time permanent team member:

• Career Development: Opportunities for career advancement, access to industry-leading learning programs and up to$2,000 annually towards education reimbursement.
• Health & Wellness: Flexible health and dental benefits, plus a $5,000 mental health benefit to support your well-being.
• Time Off:In addition to regular vacation and personal days, we support community involvement with a volunteer day.
• Financial Security:Company-matching pension plan,share ownership program and additionalinvestment options.
• Rewards and Recognition: Employee recognition programs, service milestone celebrations, employee discounts and more!
• Emphasis on Community: We provide a workplace where employees feel connected and supported through Employee Resource Groups (ERGs), mentorship programs, social clubs and events.

We’re committed to removing barriers and ensuring equal access to employment. Applicants requiring reasonable accommodation during the application process may contact [e-mail]. All information provided will be handled in accordance with applicable laws and Great-West Lifeco policies.