Specialist, Risk Modelling & Analytics

Job Title: Specialist, Risk Modelling & Analytics

Location: Peterborough, ON (Hybrid)

Estimated Duration: Fulltime

Business Unit Description:

Risk Management works to support the development and ongoing execution of strong Enterprise risk management programs to ensure the Company operates within its risk appetite. The Team provides leadership on all aspects of Credit risk management, Operational risk management, Market risk management, including policy development, implementation, testing and maintenance while fostering a culture of respect, trust and integrity.

Position Overview

The Specialist, Risk Modelling & Analytics is expected to independently perform quantitative portfolio risk analytics, support regular and ad hoc credit stress testing, provide pro-active risk assessment and analysis of emerging credit risks / early warning indicators, forecast Expected Credit Losses, design and development of new origination and portfolio management strategies and support the line of business with quality analytics.

Position Responsibilities (Key accountabilities)

· Maintain performance monitoring on new accounts; ensure performance aligns with expected outcomes.
· Proactively identify risk segments that are impacting portfolio performance and recommend enhancements.
· Familiar with the concept of IFRS-9 including PD and LGD. · Design and develop dashboards to track KPIs and monitor quality of new originations and total portfolio.
· Improve the portfolio’s risk-reward trade-off and recommend enhancements and optimization.
· Support the execution of enterprise stress testing that incorporates forward looking macroeconomic scenarios to support ICAAP and scenario analysis program.
· Develop analytics and insights to find opportunity for revenue growth and loss mitigation.
· Support the development of forecasting models by incorporating economic and portfolio scenarios
· Provide data and insights on all lending portfolios for senior management or external audiences, as required
· Participate as required in a variety of cross-functional teams to support corporate initiatives on digital strategies, new product launch and other high-priority initiative and projects.

Leadership:

· Sets clear responsibilities and processes for monitoring work and measuring results of the department.
· Demonstrates ownership and accountability for team outcomes and develops an environment where others also assume full responsibility for personal and team outputs.
· Fosters excitement and enthusiasm by appropriately rewarding team and individual successes.
· Effectively deals with poor performance and complex performance management issues by providing ongoing feedback.

Strategic Planning:
· Manages and monitors the alignment of decisions in the workplace with the company's vision, mission and values
· Integrates new initiatives or adapts existing department initiatives to meet the needs of the company.
· Analyses the department’s strengths and weaknesses · Implements action plans to improve processes when needed.

Planning & Organizing:
· Solution-focused and takes initiative to work effectively and efficiently within established guidelines
· Provides guidance and coaching to ensure that the department's processes are aligned to efficiently and effectively deliver on results.
· Enhances processes that enables improved efficiencies and effectiveness risk process.
· Ensures high quality service is delivered, while looking for new ways of adding value

Communication:
· Demonstrates confidence when speaking to groups
· Listens to new ideas, reasonable arguments and is able to modify own position
· Uses tact, diplomacy and honesty
· Shares one’s own thoughts and ideas and openly seeks other opinions
 

Decision-Making & Analysis:
· Effectively leverages data as inputs to making decisions.
· Anticipates likely outcomes or implications in the decision-making process.
· Makes sound decisions, even in the absence of complete information.

Risk Management:
· Takes calculated risks that are viewed minor in nature, such as risk involving potential loss.
· Anticipates the risk involved in taking action or not taking action, in complex situations
· Provides individuals and senior leaders with advice and counsel on risk situations.
· Provides coaching on risk situations that could affect the company

ERM Specific Skills:
· Solution-focused, takes initiative ensuring self and team work effectively within established guidelines
· Effective project management and leadership capabilities to deliver on projects with minimal direction
· Able to multi-task and flourish in a fast-paced, deadline-driven work environment
· Solid knowledge predictive modelling tools such as SAS, etc.

Formal Education:

• University degree in a quantitative discipline (economics, statistics or math); Post Graduate degree is preferred

Related Experience:
• Minimum 5 years in credit risk analytics within a financial institution
• Practical knowledge of leading industry best practices in statistical modelling, especially PD and LGD models for various products.
• Practical knowledge of origination and account management strategy design.
• Data mining, segmentation and statistical model development Skills: • Excellent organizational, time-management, research/ analysis, predictive modelling and attention to detail
• Excellent written / verbal communication and professional maturity to explain complex technical concepts to business partners who are non-technical
• Proficient in SAS programming.