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Senior Analyst, Risk and Modeling

Business Development Bank of Canada

This is a Contract position in Montreal, QC posted November 13, 2020.

No other bank is doing what we do.At BDC, we’re devoted to Canadian entrepreneurs.

We’re also dedicated to our employees.

Adaptable.

Inspiring.

Different.

There’s a reason we like to work here and we think you’ll like it too.

POSITION OVERVIEW The Senior Analyst, Risk Modeling contributes to the development, monitoring and reporting of BDC’s risk models used for origination and portfolio monitoring, models used for economic capital and macro-economic based forecasting models.

The incumbent will support improvements in risk and capital monitoring, by incorporating best industry practices in risk modeling and analytics.

CHALLENGES TO BE MET
– Contribute to the development of the BDC’s credit risk models used at origination, economic capital and macro-economic based forecasting models;
– Monitor and backtest models on a regular basis to ensure that these perform as expected;
– Develop and maintain quality documentation on model development, backtesting and validation;
– Support the timely updates of the Economic Capital model and delivery of related reports;
– Extract required risk management information from the Bank’s various databases and ensure that data used in models is properly validated;
– Provide quality portfolio monitoring and reporting as well as ad-hoc analysis to help senior management position strategies that are in line with BDC’s tolerance for risk;
– Conduct stress testing and run “what-if scenarios” on the Models;
– Keep abreast of developments in credit risk analytics, predictive modeling and regulatory environment.

Recommend and implement best practices ensuring that BDC’s credit risks models continue to be leading edge;
– Define and review technical requirements of risk model updates for IT implementation, ensuring that updates meet both portfolio risk management and End-User needs.

WHAT WE ARE LOOKING FOR
– University in Statistics, Mathematics, Economics/Econometrics, Finance (Masters preferred).

– Five to seven years of relevant experience
– FRM, PRM or CFA designation is an asset
– Strong quantitative and analytical skills
– Strong team player
– Ability to work under pressure and meet tight deadlines
– Knowledge of financial industry
– Good written and verbal communication skills
– Working knowledge of Microsoft office
– Working knowledge of Matlab
– Experience with extracting and manipulating data (Excel, SQL)
– Knowledge of Business Objects, ACCESS, .NET or Visual Basic, an asset
– Knowledge of capital rules from OSFI and Basel, an asset
– Bilingual in both official languages EQUAL OPPORTUNITY EMPLOYER At BDC, we value diversity in our workforce and encourage all qualified candidates to apply.

We appreciate all responses and advise that only those candidates selected for an interview will be contacted.