Professional Consulting - Toronto

Our Client in the Banking and Finance Industry is seeking a Senior Analyst, Counterparty Credit Risk Production for their Downtown Montreal office. This is a 4 months contract to start, possible extension OR Permanency
Business analysis for a strategic CCR system upgrade initiative. A vendor system upgrade to the latest version with additional regulatory functionality

This group has about 3 people overall.
EVP (Employee Value proposition):
This role gives vast exposure across the bank. They would organization design & effectiveness team.

RESPONSIBILITIES INCLUDE (but are not limited to):
This worker will
• Helping with day to day trade requests front office trader. They are calculating breach a replacement risk.
• Weekly ad-hoc reports and verifying the day on the reports.
• These report are all risk related ( CCR reports)
• Documenting reports 
• Ad-hoc responsibilities
Analyse methodologies used for quantifying derivative counterparty credit risks in trading and underwriting portfolios and develop improvements or extend applications to new products or markets such that the accuracy and reliability of risk measures and consequent business decisions reliant upon these data are enhanced.

Risk Methodologies
• Develop enhancements to market risk methodologies as a consequence of improved statistical analyses, or due to new products, or entry into new markets.
• Analyse of market data for revisions to risk factors and/or market model parameters for market, derivative counterparty risk applications.
• Assess methodologic implementations in vendor applications for congruence with the requirements.
System Development and Implementation
• Consult with Line of Business (LoB) & Market Risk Oversight to understand line of business objectives, translate business requirements into development tasks and ensure alignment of priorities between Risk Infrastructure and LoB so that overall Market Risk objectives and priorities are realized.
• Create business specifications and develop system implementation plans in consultation with T&O Risk Management. 
• Develop and execute user test plans and to ensure business and analytic requirements are correctly implemented.
Specific accountabilities: 
• Calculate credit risk for non-standard transactions
• Calculate any parameters required for these credit risk calculations
• Liaise with trading, line of business, risk oversight, and operations to ensure proper deal understanding and to resolve any specific deal-related problems that may arise.
• Provide assistance, guidance and management in ad-hoc projects within the group.
• Create business specifications and develop system implementation
• Monitor implementation against agreed timelines
• Develop and execute user test plans
• Lead the analysis of market data for revisions and risk factors

• T&O project managers and business analysts;
• Corporate Risk Management directors and managers;
• LoB
• Credit Portfolio Managers and Account Managers
• External system software vendors

This role has direct or in-direct impact on the following financial measures:
• Counterparty credit risk exposure measurements;
• Economic and regulatory capital.

• 1-2 years of experience in a FI and/or any risk experience. If they have less experience, please make sure they have a strong education. Programs like UFT’s MMF program or Waterloo (MQF) Master for quantitative finance would be ideal
• They need to understand capital market product (OTC derivatives, Fixed income, FX, commodities and/or swaps etc.).
• Prior experience with Computer programming (Python is a preferable but any other language is fine).
• Understanding and experience with risk management methodologies and measurements systems.
• Strong communication skills and being able to articulate the concepts well.
• Detail oriented individual
• Strong Excel and reporting backgrounds

• CFA, FRM, PRM would be considered an asset.
• CCR experience

• Undergraduate degree
To apply, Please send your resume to:


Position Type Contract
Application Deadline January 18, 2019
Experience Required 2 years
Job Duration 3 months
Education Required Bachelors