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Job Description
- Req#: 25-50119
- Prepare model documentation
- Perform model testing and submissions.
- Working with project team with integration
- The position reports to Senior Manager, Treasury Modelling team within TBSM.
- Work on Quantitative Risk Management (QRM, as Vendor) model development report (MDR) documentation, testing, and model submission.
- Work closely with Model Validation (MV) team to get models validated and approved.
- Work with various stake holders, such as Vendor, Technology and Treasury Business to integrate QRM for Bank's Asset Liability Management and Funder Transfer Pricing solutions.
- Research industry best practices and support the development of quantitative valuation models for measuring and hedging the interest rate risk of retail, commercial and structured finance products in the Banking book.
- Address model validation, internal/external audit and regulatory requirements and/or findings in a timely manner.
- The position must work effectively with internal and external partners of TBSM, including Front Office, the Investments Team, the Market Risk Measurement and Reporting Team, the Treasury Analytics Group, and the Model Validation and Management Team, to ensure the soundness and accuracy of the model development and implementation.
- Degree/Certifications Required: Preferred Master’s degree
- Years of experience: 5 years’ experience
- Model development
- Model validation
- Finance background
- Experience with QRM is highly desired.
- Experience in Model Validation and/or Model Development
- Strong Technical writing skills, especially on financial model documentation.
- Strong quantitative skills with a graduate degree in one or more of the related areas such as mathematics, physics, computer science, statistics, with 5+ years of experience in quantitative analysis / financial engineering.
- Knowledge of financial markets as well as fixed income portfolio management and hedging techniques and valuation models.
- Experience in model development or validation with an advanced knowledge of stochastic processes and fixed income and asset backed securities modelling an asset.
- Experience using coding languages such as C++/C#, Python, R, VBA programming.
- Strong analytical & communication skills and demonstrated track record of creative problem solving & solution development.
- High level of self-motivation
- Exp. with Technical writing Yes
- Risk analyst exp. in Market Risk Yes
- Working exp. of financial markets & fixed income portfolio mgt. techniques & valuation models Yes
- Experience using coding languages such as C++/C#, Python, R, VBA programming. Yes
- Experience with Model Development / Model Validation function(s) 5 years
- QRM experience Yes
- Treasury Experience 5 years
- Mark risk/interest risk/risk modelling
- Performance be measured: Deliverables
- Model development/ validation
- Market risk/ interest risk
- Financial market knowledge
- Technical writing skills
- Experience in coding languages
- Treasury
- QRM experience (Quantitative Risk Mgmt product).
- Health Benefits
- Referral Program
- Excellent growth and advancement opportunities
Our Client, a Baking company, is looking for a Risk Analyst for their Toronto, ON/ Hybrid location.
Responsibilities:
Requirements:
Why Should You Apply?
As an equal opportunity employer, ICONMA provides an employment environment that supports and encourages the abilities of all persons without regard to race, color, religion, gender, sexual orientation, gender identity or express, ethnicity, national origin, age, disability status, political affiliation, genetics, marital status, protected veteran status, or any other characteristic protected by federal, state, or local laws.About the company
ICONMA is a nationwide consulting firm with corporate headquarters in Troy, MI, providing Professional Staffing and Project Based Services and Solutions for Fortune 1000 clients in a broad range of industries. Core Industries served include: Biotech/Ph...