Counterparty credit risk specialist assessing counterparties and monitoring exposures. Supporting Wealthsimple, Canada’s financial innovator, across brokerage, trading, and related financial products.
Responsibilities
Own and improve procedures for counterparty credit risk assessment processes, ensuring consistency, scalability, and auditability
Conduct and compile comprehensive credit assessments
Provide detailed written recommendations for new and existing counterparties
Analyze regulatory financial statements and other factors to determine credit limits
Monitor concentration limits and stress testing results within the platform
Ensure exposures remain within approved thresholds and flag emerging risks with recommended actions
Assist in drafting, maintaining, and enforcing counterparty credit risk policies, credit limit framework, and procedures
Collaborate with Treasury, Finance, Market Risk, Legal, Product, and Securities Lending teams
Support front office and risk development
Make well-reasoned decisions with incomplete information and document assumptions and risks
Build positive relationships with counterparties
Requirements
1–3+ years experience in counterparty credit risk, credit analysis or a relevant credit risk management role in an investment dealer or brokerage environment
Working knowledge of broker-dealer regulatory capital, including risk-adjusted capital and net excess capital
Ability to interpret Form 1 and FOCUS filings
Preference given to individuals who are pursuing the CFA, CPA or FRM program
Ability to pursue root causes and continuously expand knowledge and competencies
Ability to act independently and proactively identify risks
Ability to plan, organize, and prioritize across multiple concurrent priorities
Ability to distill complex credit and risk concepts into clear, actionable recommendations
Benefits
Top-tier health benefits and life insurance
Long-term group savings with employer match, through Wealthsimple for Business
20 vacation days per year
4 wellness days per year
Unlimited sick and mental health days per year*
Ability to work outside Canada for up to 90 days per year*
Employee resource groups, including Rainbow (2SLGBTQ), Women of WS, and Black at WS
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