Senior Quantitative Analyst in the Market Risk team at Central 1, maintaining market data integrity and leading risk analysis. Collaborating with teams to ensure compliance and informed decision-making.
Responsibilities
Maintain the integrity, accuracy, and upkeep of static and market data (e.g., curves, securities, generators, limits, pricing, and yields).
Ensure adherence to all controls, processes, and procedures, while identifying data quality gaps and improving automation and controls
Prepare and enhance market risk content for daily reporting, risk dashboards, and regulatory reporting (including Pillar 1 Market Risk)
Provide independent oversight of Central 1 portfolios to ensure compliance with Board-approved limits, Market Risk Policy, and regulatory requirements.
Oversee financial instrument valuation and pricing models to ensure the integrity of mark-to-market valuations and fair value risk reporting
Conduct deep-dive analyses of significant P&L movements, market shocks, and stress events
Perform scenario analysis to assess vulnerabilities under adverse market conditions
Develop and maintain market risk models to support and strengthen the risk monitoring framework and analytics, including VaR, ES, sensitivities, stress testing, scenario analysis, NIIS, and IRRBB
Support the ongoing development and maintenance of market risk standards and procedures
Identify, analyze, and document key and emerging risks by monitoring market movements, risk exposures, and P&L drivers
Act as backup for preparing ALCO packages, C1 Trust reports, and Board reporting materials.
Assist the Director with ad hoc market risk analysis and reporting.
Undertake additional projects and responsibilities as assigned.
Requirements
Bachelor’s degree in Finance, Financial Engineering, Mathematics, Statistics, or a related field, or an equivalent combination of education and relevant quantitative experience
3+ years of experience in Market Risk, Model Development, Model Validation, Product Valuation, or similar quantitative roles
Working knowledge of financial markets, banking operations, and valuation/pricing models for instruments such as fixed income, FX, NHA MBS, and derivatives
Strong attention to detail, with proven quantitative, analytical, and problem-solving skills
Solid understanding of interest rate risk, including experience with VaR, NIIS, DV01, and stress testing methodologies
Hands-on programming experience in one or more languages, such as SQL (stored procedures), VBA, Python, or similar
Advanced proficiency in Microsoft Office (especially Excel), along with experience using Tableau or other data visualization tools.
Familiarity with Murex MX3 and/or Bloomberg Terminal is an asset
Knowledge of market risk regulatory requirements and guidelines is an asset.
Strong communication skills, with the ability to collaborate effectively with front office teams, business stakeholders, senior management, and committees
Ability to clearly present complex concepts in both written and verbal formats.
Intellectual curiosity and the ability to independently investigate unusual trends in business activity and risk exposure
Adaptability and flexibility to respond to evolving business and departmental needs in a fast-paced environment
Willingness to take on additional responsibilities and special projects as required.
Benefits
Work-life flexibility
Hybrid work environment
Variable annual incentive plan
Generous annual vacation allotment
Top-notch flexible benefits plan including family building and gender affirmation
Retirement Plan, matched contributions at 6%
Access to a learning platform and educational assistance support
Access to a virtual wellness platform
Career development opportunities
Wellness Flex Fund to support personal interest and activities
Day off to volunteer in your community and other paid time off options
Corporate discounts *subject to employment agreement
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