Credit Risk Analyst/Quantitative Models

  • Date Posted Nov 18, 2024
  • Location Toronto, ON
  • Job Type Contract
  • Job ID 17368

Are you a versatile self-starter with demonstrated ability to take initiative and work independently with attention to detail? Then, Apply Now!

Working with one of the top financial clients, this role calls for a Credit Risk Analyst/Quantitative Models who will participate in the development, tuning, and documentation for new or amended Borrower Risk Rating (BRR), Facility Risk Rating (FRR), and Expected Loss (EL) models. The successful candidate will engage with working groups of subject matter experts to ensure that all credit risk models are current per best industry practices and standards.

Responsibilities:

  • Review and understand risk rating methodologies of public rating agencies (Moody's, S&P, Fitch, DBRS) and identify potential gaps with internal models
  • Create and manipulate extensive data spreadsheets for the purpose of model tuning, stress and sensitivity testing
  • Conduct extensive Business Acceptance Testing to ensure that models meet design specifications
  • Support Annual Model Review and Model Validation schedules as required, including data and documentation preparation
  • Work closely with Credit Risk Policy in the launch of new initiatives or reviews, and work extensively with the client to ensure enterprise-wide models are consistent cross-border
  • Complete ad hoc analysis in a timely manner as requested

Desired Skill Set:

  • 2 years of experience in SQL
  • 2 years of hands-on experience with Advanced Excel
  • 2 years of solid exposure to Credit Risk 
  • 2 years of experience with Python
  • 2 years of working knowledge of non-retail credit risk rating methodologies and Basel parameters

Nice To Have:

  • Previous banking experience 

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