Financial Services Credit Risk Senior Associate
Toronto - 18 York Street
PwC
We unite expertise and tech so you can outthink, outpace and outperformâ.Line of Service
AssuranceIndustry/Sector
Not ApplicableSpecialism
Conduct and ComplianceManagement Level
Senior AssociateJob Description & Summary
A career in our Financial Risk Management Credit Risk Modelling practice will provide you with the opportunity to help financial institutions rethink their approach to risk by developing a distinctive strategy and creating capabilities and performance. We play an important part in helping our clients assess, design and develop solutions that not only help them manage risk but also transform risk and complexity into a sustainable advantage.Our team helps financial institutions with predictive modeling needs, including but not limited to, measure and manage the risk associated with borrowers, counterparties or other third parties who have a financial or contractual commitment to them, expected credit loss measurement (IFRS9 and CECL), capital measurement/stress testing. As part of the team, youâll help with credit risk modeling, model risk management as well as AI/ML modeling, and climate risk modeling for financial institutions.
Meaningful work youâll be part ofÂ
As a Financial Services Credit Risk Senior Associate, you'll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. Responsibilities include but are not limited to:Â
Model development, validation and implementation of Retail and Wholesale credit risk methodologies including obligor and facility risk rating, Basel regulatory capital and economic capital models, allowance for loan and lease loss models (e.g., IFRS9). Assist assurance teams with reviews of clientsâ model development and validation processes
AI and machine learning model development and validationÂ
Model risk governance and controls related activities supporting clients in managing model risk across multiple asset classesÂ
Collaborate with the team members at various levels to lead and develop compelling client proposals, white papers, thought leadership and points of view, describing the business challenge and proposed business solution on the topics such as GenAI, cloud, climate risk modeling etc.Â
Build and maintain effective, trusting and collaborative client relationshipsÂ
Experiences and skills youâll use to solveÂ
Sufficient experience and exposure to financial services risk practices, credit risk modeling including retail and wholesale credit modeling techniques for adjudication, capital management, and allowance modeling/ or calculations (e.g. IFRS9)Â
Development, implementation and assessment of quantitative credit risk measurement methodologiesÂ
Sufficient experience and exposure to AI/ML modeling, including theoretical approach and related technology and platforms; significant experience and proven ability in at least one of the main AI platforms: Vertex AI, Azure AI, etc.   Â
Solid understanding and knowledge of credit risk processes, credit risk analytics, risk rating methodologies, risk management policies and risk management organization structuresÂ
Significant experience and proven ability in at least one of the following programming languages/software: Python, R, SQL, SAS, C++, etc.Â
Masterâs degree in Statistics, Mathematics, Physics, Engineering, Financial Engineering, Data Science or other relevant fields is preferredÂ
PRM, FRM or CFA designation would be an assetÂ
Proven abilities, especially creative problem-solving, to utilize credit risk management software, data and methodology in the completion of client engagements, including leveraging related technology vendors and their applicationÂ
Strong writing skills demonstrated through the ability to draft proposals, reports, presentations, etc.Â
Strong verbal and written communication skills demonstrated through interactions with other teams/team members at all levelsÂ
Demonstrated ability to manage and prioritize multiple projectsÂ
PwC Canada is committed to cultivating an inclusive, hybrid work environment. Exact expectations for your team can be discussed with your interviewer
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Why youâll love PwCÂ
Weâre inspiring and empowering our people to change the world. Powered by the latest technology, youâll be a part of diverse teams helping public and private clients build trust and deliver sustained outcomes. This meaningful work, and our continuous development environment, will take your career to the next level. We reward your impact, and support your wellbeing, through a competitive compensation package, inclusive benefits and flexibility programs that will help you thrive in work and life. Learn more about our Application Process and Total Rewards Package at: https://jobs-ca.pwc.com/ca/en/life-at-pwcÂ
Education (if blank, degree and/or field of study not specified)
Degrees/Field of Study required:Degrees/Field of Study preferred:Certifications (if blank, certifications not specified)
Required Skills
Optional Skills
Accepting Feedback, Accepting Feedback, Active Listening, Actuarial Science, Analytical Thinking, Communication, Complex Data Analysis, Creativity, Embracing Change, Emotional Regulation, Empathy, Financial Data Mining, Financial Modeling, Financial Risk Analysis, Financial Risk Management, Inclusion, Intellectual Curiosity, Learning Agility, Optimism, Presenting Financial Reports, Risk Analysis, Risk Model Implementation, Self-Awareness, Statistical Analysis Software, Statistical Consulting {+ 3 more}Desired Languages (If blank, desired languages not specified)
Travel Requirements
Not SpecifiedAvailable for Work Visa Sponsorship?
NoGovernment Clearance Required?
NoJob Posting End Date
At PwC Canada, our most valuable asset is our people and we grow stronger as we learn from one another. Weâre committed to creating an equitable and inclusive community of solvers where everyone feels that they truly belong. We understand that experience comes in many forms and building trust in society and solving important problems is only possible if we reflect the mosaic of the society we live in.Weâre committed to providing accommodations throughout the application, interview, and employment process. If you require an accommodation to be at your best, please let us know during the application process.To learn more about inclusion and diversity at PwC Canada: https://www.pwc.com/ca/en/about-us/diversity-inclusion.html. Be a part of The New Equation.Chez PwC Canada, notre atout le plus prĂ©cieux, câest notre personnel. Et câest en apprenant les uns des autres que nous devenons plus forts. Nous avons Ă cĆur de crĂ©er une communautĂ© Ă©quitable et inclusive de professionnels de la rĂ©solution de problĂšmes, dans laquelle chacun se sent vraiment Ă sa place. Nous savons que lâexpĂ©rience peut prendre diverses formes et, pour nous, donner confiance au public et rĂ©soudre des problĂšmes importants nâest possible que si notre milieu de travail reflĂšte la diversitĂ© de la sociĂ©tĂ© dans laquelle nous vivons.Nous tenons Ă rĂ©pondre Ă vos besoins tout au long du processus de demande dâemploi, dâentrevue et dâembauche. Si vous avez besoin de mesures dâadaptation pour ĂȘtre parfaitement Ă lâaise, faites-le-nous savoir Ă lâĂ©tape de la demande dâemploi.Pour en savoir plus sur lâinclusion et la diversitĂ© chez PwC Canada: https://www.pwc.com/ca/fr/about-us/diversity-inclusion.html. Faites partie de La Nouvelle Ă©quation.* Salary range is an estimate based on our AI, ML, Data Science Salary Index đ°
Tags: Azure Consulting Credit risk Data analysis Data Mining Engineering Generative AI Machine Learning Mathematics ML models Physics Predictive modeling Python R SAS SQL Statistics Testing Vertex AI
Perks/benefits: Career development Competitive pay Team events
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