Job Title: Risk Analyst III
Duration: 6 months (possibility of extension/conversion)
Location: Toronto, ON (4 days onsite/week)
Overview
The Market Risk and Counterparty Analytics area is part of the Corporate Risk Management function. The teams are accountable for Market Risk, Counterparty Credit Risk, and Collateral activities related to the organization’s global trading activities.
The teams support trading and non-trading business initiatives, inform a range of risk management decisions, and facilitate business by managing evolving front-office needs while ensuring appropriate capture and control of risk.
The Counterparty Risk Analytics team is responsible for activities related to the quantitative analysis of credit risk, policy implementations, and exception management across a number of trading and non-trading businesses.
Job Description
An Analyst within the Credit Exception Management team will primarily focus on the analysis, reporting, investigation, and monitoring of risk exposures, ensuring they are in accordance with established counterparty credit limits.
The incumbent is expected to execute infrastructure changes related to new or revised credit facilities.
The role involves close partnership and interaction with a wide range of areas, including Credit Risk Management, Global Markets Credit, Market Risk Control, Front Office, Audit, Technology, and Change Delivery. Strong communication and stakeholder management skills are therefore essential.
Typical Day-to-Day Responsibilities
- Manage Counterparty Credit Risk by investigating and escalating credit excesses at the facility level.
- Generate accurate and complete processes to measure and report exposures, ensuring all reports are submitted according to reporting guidelines.
- Ensure risks within covered portfolios are correctly measured, aggregated, and analyzed in accordance with established and approved CAIRO counterparty limits.
- Provide analysis, reporting, and monitoring of risk exposures and adhere to internal standards regarding violations and escalation of production issues.
- Ensure all late or missing reports and related process metrics are recorded, documented, and appropriately explained.
- Propose, schedule, plan, and champion projects to improve efficiencies and provide more effective business support.
- Execute infrastructure changes related to the implementation of new or revised policies and processes.
- Ensure internal control processes are adequate and appropriately documented according to governance standards, including reviewing and assessing the quality of outputs.
- Manage operational risk, including cross-training, documentation, and audit.
- Liaise closely with Front Office Traders, Credit Risk Management, Global Markets Credit, Audit, Technology teams, and other stakeholders.
- Perform ad-hoc analyses of specific metrics, exposures, and transactions as required by management and stakeholders.
- Maintain a good understanding of the analytical principles underlying the risk management of financial derivatives, including issues arising from the financial modeling of products for risk purposes.
Must-Have Hard Skills
- Strong knowledge of financial products
- Derivatives
- Bonds
- Counterparty Credit Risk
- Capital Markets
2.Experience working with complex systems
- Particularly vendor systems
3.Project/change experience
- Impact assessments
- Drafting requirements
- Testing
- Investigation experience, MAIN FOCUS
- Investigating risk exposures
- Credit excesses/exceptions
- Identifying and analyzing issues
- Escalating exceptions appropriately
Soft Skills
- Self-starter with a high degree of initiative and ability to learn and adapt quickly.
- Strong financial acumen with exceptional investigation and analytical skills and attention to detail.
- Ability to synthesize information on complex issues and make sound judgment calls.
- Excellent interpersonal and communication skills with the ability to communicate complex information clearly.
- Strong organizational, follow-up, and priority-setting skills with the ability to manage multiple tasks.
Nice-to-Have
- Experience in Risk Management roles.
- Working knowledge of technical tools such as:
- SQL
- VBA
- Python
- Artificial Intelligence
Dexian stands at the forefront of Talent + Technology solutions with a presence spanning more than 70 locations worldwide and a team exceeding 10,000 professionals. As one of the largest technology and professional staffing companies and one of the largest minority-owned staffing companies in the United States, Dexian combines over 30 years of industry expertise with cutting-edge technologies to deliver comprehensive global services and support.
Dexian connects the right talent and the right technology with the right organizations to deliver trajectory-changing results that help everyone achieve their ambitions and goals. To learn more, please visit https://dexian.com/.
Dexian is an Equal Opportunity Employer that recruits and hires qualified candidates without regard to race, religion, sex, sexual orientation, gender identity, age, national origin, ancestry, citizenship, disability, or veteran status.
