Senior Quantitative Risk Specialist

Posted 6 days ago

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Job Details

Full Time

Location

Surrey, BC

Job Description

Location(s): Toronto - GTA, Surrey & Vancouver - Lower Mainland
Job Type: Full Time
myWork Options: In-person, Hybrid
Starting Salary Range: $81,900-$106,500
Background Screening Requirement:

Enhanced Criminal Record Check

Credit Check

Identity Verification

Employment Verification

References

Job Purpose
The Senior Quantitative Risk Specialist designs, implements, and validates quantitative risk models for a wide range of internal stakeholders. The models measure and forecast various risks within the organization, including credit, market, and liquidity risk. The Senior Quantitative Risk Specialist provides the second line of defense oversight for risks including capital, liquidity, and market risks. This role is highly technical and requires the incumbent to develop quantitative solutions and communicate the results in a clear and concise manner.

Accountabilities

Independently developed models for various financial risks, including liquidity, market, and credit risks.

Lead validation of models for internal stakeholders in various lines of business

Lead second line of defense projects for capital, liquidity, market, interest rate, securitization, pricing, and foreign exchange risk.

Support enterprise-wide model risk governance through monitoring risk appetite measures, reporting on model risk, and staff training.

Lead and conduct enterprise-wide stress testing and scenario analysis

Communicate risk analysis results to senior management and other stakeholders

Provide mentorship to junior analysts

Skills and Qualifications

Minimum of 4 - 6 years of job-related experience working in a financial institution

A Master's degree in Finance, Statistics, Mathematics, or a related field

Advanced knowledge of financial quantitative modelling and statistics

Expertise in asset-liability management and standardized liquidity, capital and market risk calculations

Familiarity with financial institutions' financial statements

Completion of GARP's (Global Association of Risk Professionals) FRM is preferred.

Expertise in writing source code (Python, Matlab, etc.) and MS Office.

Strong verbal and written communication skills and the ability to adapt communication style to audiences of various backgrounds

Excellent problem-solving skills

Equity, Diversity & Inclusion at Coast Capital
Don't meet every single requirement? At Coast Capital, we believe everyone has potential. We are committed to building better, brighter, more inclusive futures for everyone - including our employees. We see the potential in our employees to achieve amazing things and want to invest in your future. If you're excited about this career opportunity and your experience may not perfectly align with every qualification in this job posting, we still encourage you to apply. You may be just the right candidate for this or other opportunities at Coast Capital.

At Coast Capital, we are committed to equity, diversity and inclusion. We strongly encourage applications from Indigenous Peoples, Black, and racialized persons, persons with disabilities, people of diverse sexual and gender identities and women. We value applicants who have demonstrated a commitment to equity, diversity and inclusion and recognize that diverse perspectives, experiences and expertise benefit of our employees, our members, and our community.

We strive to provide an accessible candidate experience for our candidates with different abilities. If you require any accommodations, please contact accessibility@coastcapitalsavings.com or call 778-391-5836. We will work with you to meet your needs.

Why join Coast Capital Savings?

Purpose is our North Star. We look at everything through our purpose. It informs the advice we provide our members, the experiences and products we create, and the programs we build to support our employees and communities.

Committed to inclusion and engagement. We have an ongoing focus on equity, diversity, and inclusion and routinely track how we're doing, and what we need to do to keep improving. We foster a culture where everyone can feel safe to be who they really are and thrive.

A career that grows with you. We believe in developing our people and promoting from within. Many employees have spent decades, and sometimes their entire careers, with Coast Capital and have progressed from the frontlines to senior leadership.

Work where you're most effective. In 2020 the world changed, and that includes how we work. In response to COVID-19 we launched myWork, which gives employees flexibility in where they work based on the nature of their role.

Benefits that flex to the needs of you and your family. We offer comprehensive, customizable benefits for you and your family, so you can choose what fits best for you and your lifestyle.

Retirement options. We also take care of our employees once they retire. That's why we offer the choice of a defined contribution or defined benefit pension plan or RSP's.

Mortgage and auto financing benefits. Employees save thousands on their mortgages and auto loans with best-in-category benefits.

Real Recognition. We recognize excellence throughout the year, through an online community that lets employees give kudos and thanks throughout the year. We're human, which means we like to have fun with events, celebrations, and recognition throughout the year.

An award winning culture. We're a Platinum member of Canada's Best Managed Companies and are regularly recognized by Canada's Most Admired Corporate Cultures and the BC Top Employers Awards.

We reinvest 10% back into the community. When we do well, our communities do well. That's why since 2000 we've invested over $90 million into our member's communities.

Double your impact. Through our employee volunteer program, Coast Capital donates $10 for every hour you volunteer to a Canadian charity or non-profit of your choice.

D&I at Coast At Coast Capital, we value diversity, equity and inclusion. We're not all the same and we like it that way. We don't just accept differences - we celebrate, support, and we thrive on them for the benefit of our employees, our members, and our community. We are committed to building a team that represents a variety of backgrounds, perspectives, and skills.

About Coast Capital Savings

Coast Capital Savings is Canada’s largest credit union by membership. An Imagine Canada Caring Company, the credit union invested $5.6 million into local communities in 2017, focusing on empowering and engaging youth. Coast Capital is one of Canada's Most Admired Corporate Cultures™, and is a winner of the Canada's Best Managed Companies Platinum Club designation. It has 52 branches serving its 555,000 members in the Metro Vancouver, Fraser Valley, Vancouver Island and Okanagan regions of British Columbia. Product innovations include Canada's first free chequing account from a full-service financial institution.