Senior Analyst, Risk Modelling and Analytics

Toronto, ON, Canada ● Virtual Req #121
Friday, May 6, 2022
At MCAN, we are most proud of the team we have built and our team member experience. Our people are our best assets and are made up of respected industry innovators, influencers and big-thinkers. We do things differently than other lenders. Our business isn’t selling mortgages, it’s building relationships. 
 
The #MCANLIFE is shaped around a culture of customer-centricity for both internal and external clients and powered by genuine collaboration. We are a home for talented professionals seeking a more connected career and one that allows them to use more of their skills.
 
#MCANLIFE means you can connect, discover, and grow.
 
We were recently certified from Great Place to Work® Canada and are thrilled to be recognized on the 2022 list of Best Workplaces for Women!  

About the opportunity: 

Reporting to the Director, Risk Modelling and Analytics (RMA), the Senior Analyst, RMA is accountable for supporting the Model Risk Management function within the company. Using large datasets and programming language, this role goes in-depth with data and statistical analyses to provide helpful insight to senior management.

Key Enterprise Risk Management accountabilities include the support of the Interest Rate and Liquidity Risk Management Frameworks, and the quarterly preparation of the CRO Report for the Risk & Compliance Committee and quarterly Board meetings.

 
About the Risk and Compliance team: 

  • Work with team members who are high energy and performing
  • Empowered to make decisions and try new things
  • Lean focused and continuously looking to enhance and create efficiencies
  • Participation in learning and growing through both internal and external trainings 

What you will be responsible for: 
  • Perform independent validation of models owned by other functions within the organization, such as financial budget model, risk rating models, and cash flow models
  • Run IFRS 9 program and ECL models
  • Run ICAAP and stress testing models
  • Manage policies and documentations related to Model Risk Management and Recovery Plan
  • Assist Enterprise Risk Management, Credit Risk, and other functions with ad hoc analysis and model development
  • Promote risk awareness and risk culture across the organization
The work experience, skills, education that you bring to thrive: 
  •  Qualifications and Work Experience: 
    • Bachelor’s degree or post-secondary education related to risk management, data science, statistics, or math preferred 
    • 3-5 years of work experience in data analysis, data science, and modelling
    • Experience in R or similar programming languages required, such as Python and MATLAB
    • Exposure to lending practices in financial service industry is an asset
    • Exposure to IFRS 9, ICAAP, financial budget, or risk rating system is an asset
  • Skills and Abilities: 
    • Knowledge in statistical analysis (e.g. linear and nonlinear regression) is an asset
    • Proficiency in working with spreadsheets with large dataset
    • Strong analytical skill set with the ability to demonstrate critical thinking skills
    • Strong verbal and written communication skills with the ability to translate statistical results to senior management
    • Demonstrated ability to develop trusted collaborative working relationships across multiple stakeholders 
    • Willingness to learn new ideas and skills
We believe great work and collaboration can happen anywhere, which is why we are a permanent hybrid work environment! We equip our team with great technology and empower them to deliver their best results. 

We are dedicated to building an organization that reflects the diversity of our clients and the communities we serve across Canada. Do you possess and value the same attributes? Are you interested in your own development? Then come join our team! 

Requests for accommodation can be made at any stage in the recruitment process. 

We thank all applicants for their interest but only those selected for further consideration will be contacted. 

Other details

  • Pay Type Salary
  • Employment Indicator Perm FT
Location on Google Maps
  • Toronto, ON, Canada
  • Virtual