Senior Quantitative Risk Specialist

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 develop 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 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.