Quantitative Risk Manager

Location(s): Surrey, Vancouver - Lower Mainland or Toronto - GTA 

Job Type: Full Time 

myWork Options: In-person, Hybrid

Starting Salary Range: $95,900-$124,700

Background Screening Requirement: 

• Enhanced Criminal Record Check
• Credit Check
• Identity Verification 
• Employment Verification
• References

Job Purpose
The Quantitative Risk Manager manages various quantitative-based credit risk management activities, including the Internal Capital Adequacy Assessment Process (ICAAP), economic capital modelling, enterprise-wide stress testing (EWST), scorecard & risk rating system development, and credit risk model development. They support the company's goals and protect the assets, members, and reputation of Coast Capital.

Accountabilities

• Lead the development and implementation of an effective Enterprise-Wide Stress Testing Program through scenario definition, model implementation, and analysis of results.
• Coordinate model operation, perform analysis and write reports for the Internal Capital Adequacy Assessment Process.
• Manage various credit risk model enquiries by running the credit risk models and generating the risk estimates required by internal stakeholders and external reviewers.
• Transfer knowledge to and serve as a resource for all capital model stakeholders in the organization.
• In charge of handling Coast's Economic Capital Models and Stress Testing models. This involves overseeing the model programming, writing model documentation, analyzing data, and creating risk reports for Coast's ICAAP and Risk-Adjusted Return on Capital (RAROC).
• Promote and foster model risk management activities across the enterprise by explaining, advising, and training stakeholders on what the model is doing with the activities, documentation, and explanations.
• Present analysis of findings to stakeholders.

Skills and Qualifications

• Minimum 6-8 Years of Job-Related Experience. Demonstrated experience in quantitative credit risk analytics, scorecard or credit model development, and enterprise-wide stress testing.
• Master's degree in quantitative subjects and/or Financial Risk Manager certification (FRM) is preferred.
• Significant experience in Python programming language.
• Advanced knowledge of financial quantitative modelling and statistics.
• Advanced proficiency in software applications, including MS Office.
• Proven ability to prioritize initiatives and manage time and resources appropriately.
• Well-developed oral and written communication skills with the ability to present technical information clearly and concisely to audiences of various 
• Proven organizational andpracticale multi-task skills with the ability to manage projects and deadlines in a changing environment.
• Can spot problems and act on them. Gathers information carefully and solves complex issues. Seeks advice when needed, focuses on the root of a problem, and confidently tackles and resolves conflicts quickly.
• Well-developed ability to exercise sound professional judgement.
• Maintain a high awareness of industry and regulatory standards and trends to model credit risk appropriately.
• Engage positively and build constructive and mutually beneficial relationships with colleagues.

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.