Job Information
EDC Quantitative Analyst, Risk Rating Analytics (12 month contract) in Ottawa, Ontario
Quantitative Analyst, Risk Rating Analytics (12 month contract) - 0004PB
Posting Date: Jun 24, 2024, 2:31:23 PM
Primary Location: Ontario-Ottawa
Job Type: Contract
Schedule: Full-time
Description
Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC offers financial products and knowledge to help Canadian businesses confidently enter new markets, reduce financial risk, and grow their business.
When you join our team, you’ll be helping Canadian businesses learn the endless possibilities that open to them through export and help bring their vision, passion, and innovation to the world. Your knowledge and expertise will support more than 25,000 Canadian businesses and their customers in as many as 200 markets worldwide. You’ll work amongst the best and brightest in an inclusive, collaborative environment that fosters professional development and success. And you’ll know that you’re making an impact every day – for businesses, for Canada and for the people you work with.
Are you ready to make an impact? Join EDC, recognized as a Top 100 and Top Family-Friendly Employer, as we take on the risk so Canadian businesses can take on the world. #LI-Hybrid
Team & Job Overview
The Risk Rating Analytics team, part of the Export Development Canada’s Global Risk & Sustainability Group, is responsible for EDC’s internal credit risk rating models and standards. The Risk Rating Analytics team supports informed credit granting decision making, capital management capabilities and the adoption of IFRS9 accounting standards. This enables EDC to remain financially sustainable and support its customer.
The risk rating models are used to support the majority of EDC’s loan portfolio and are leveraged across the corporation. The program is managed in a manner that engages with stakeholders, is pragmatic, promotes data integrity, and recognizes industry best practices. While EDC is not regulated, we endeavour to align with Basel/OSFI guidance.
The Risk Rating Analytics team is seeking an experienced Quantitative Analyst to join the team. Reporting to the Manager of the Risk Rating Analytics, the successful candidate will support the development and ongoing enhancement of the credit risk models. Specifically, the Quantitative Analyst will be directly responsible for the development, validation, monitoring, and ongoing enhancement of the Probability of Default (PD) and Loss Given Default (LGD) models.
Discipline Summary
Responsible for establishing, maintaining, and monitoring principles, practices, processes, and standards for credit granting.
The role focuses on supporting and developing underwriting and risk management capabilities for the underwriting and management of financing and working capital solutions.
Research and review of external best practices, regulatory requirements, and the organization's risk appetite.
Key Responsibilities
Leads the development, monitoring and updating of internally developed PD and LGD models using quantitative methods.
Coordinates with colleagues, consultants, vendors and internal business and technical staff to design, build, implement and manage new and updated models and systems in line with Basel/OSFI guidelines.
Performs detailed quantitative analysis on model selection and design requirements for both vendor-built and internally developed PD and LGD models.
Leads model validation engagements with the Model Risk Management Team.
Proactively identify opportunities to make improvements to models, guidelines and processes that are consistent with team and corporate goals.
Develops and presents business cases to senior management in support of sound project management practices.
Engages in stakeholder consultation in support of the model development process.
Research, reviews, and implements best practices in risk rating to support team and corporate goals.
Screening Criteria
Completed an Undergraduate Degree in Statistics, Mathematics, Actuarial Science, Economics, Finance or in a related quantitative discipline.
Advanced knowledge of credit risk management principles and practices
Strong working knowledge and hands-on experience using SAS or SQL in the context of data manipulation, statistical analysis, and predictive modeling.
Strong knowledge of modern statistical model development and validation concepts and techniques (particularly linear and logistic regressions)
Familiarity with Basel/OSFI guidelines related to PD and LGD modeling.
Advanced MS Excel capabilities including management and manipulation of large and complex data files.
Experience :
Quantitative Analyst Level 15
Minimum 2 years’ experience in credit risk management or related experience
Minimum 1 years’ experience with PD and/or LGD model development and model management supporting commercial lending a regulated financial institution.
Quantitative Analyst Level 16
Minimum 3 years’ experience in credit risk management or related experience
Minimum 2 years’ experience with PD and/or LGD model development and model management supporting commercial lending a regulated financial institution.
Assets
Graduate degree in Statistics, Mathematics, Finance, or an Actuarial designation
Familiarity with one of the following tools SAS, RStudio or programming language SQL
Experience communicating with and influencing decisions at a senior management level.
Knowledge of Credit Risk Management Guidelines (BASEL/OSFI)
Knowledge of model validation and documentation frameworks
Bilingual in both official languages (French and English)
Salary Range
Salaries are based on qualifications and experience and typically range from:
Quantitative Analyst 15: $62,336 - $83,116
Quantitative Analyst Level 16: $71,063 - $94,752
Location
Export Development Canada is a hybrid work environment.
This role may be performed from EDC’s headquarters in Ottawa, or from the Community Hub in Toronto or Montreal.
Relocation assistance is available for eligible candidates.
EDC's Commitment to Employment Equity
EDC is committed to employment equity and achieving a diverse workforce. EDC actively encourages applications from women, Aboriginal peoples, visible minorities, persons with disabilities and members of the 2SLGBTQI community. If selected for an interview, please advise us if you need any special accommodation.
How to apply
Only candidates selected for an interview will be contacted. : Application deadline on www.edc.ca/careers : Jul 5, 2024, 11:59:00 PM EDC is committed to employment equity and actively encourages applications from women, Aboriginal people, persons with disabilities and visible minorities. If selected for an interview, please advise us if you require special accommodation. Candidates must meet the requisite government security screening requirements. :
Req ID: 0004PB