Senior Risk Analyst

Position: Senior Risk Analyst (1815) Contract $90-110/hr
NOTE:

HYBRID work model, 4-days/week in office. Office located in Toronto, Ontario.

Type:  12-Month Contract, 8 hours/day, 40 hours/week

DESCRIPTION
As a Senior Risk Analyst, you will report to the Senior Manager and support the team in independently monitor and accurately report the market and credit risk with a focus on reporting and projects. The candidate will use strong financial product knowledge and risk analysis skills to perform risk attribution analysis and provide insights into risk movements across various dimensions. The Senior Risk Analyst will actively participate in various initiatives aim to improve the accuracy and efficiency of the fund’s integrated risk system and support monthly risk system upgrade initiatives related to the design, testing and delivery of technology solutions for investment risk.

You will collaborate, develop, and maintain relationships with  Investment, Risk, Finance, Technology  and external vendors. You will work along a team of passionate and efficient risk managers and analysts to constantly challenge status quo and improve the risk reporting practice.

Perform daily analysis, reporting and monitoring of the fund’s  VaR/ETL, Greeks, Backtesting  for Active and Asset risk at the total fund level and communicate effectively and timely on all limit breaches and material risk movements to management.

Maintain and enhance  BI reporting suite  and various risk analysis tools developed in-house to facilitate deeper understanding of risk drivers and changes

Identify, analyze, and resolve issues around risk reporting and perform market data quality checks on various data sources and programs.

Collaborate with  Risk and Enterprise Operation  to define and review business requirements around market data, model implementation, workflow design and reporting. Ensure potential implications of each change are understood and issues are triaged appropriately and addressed

Review and conduct  UAT testing  of changes introduced to the enterprise risk system to ensure business requirements are met and risk movements are explained, documented and communicated

Ensure internal control processes are documented, continuously updated and train other members of the Risk Analytics team.

Collaborate with internal stakeholders on new products and reporting requests utilizing your knowledge of risk measurement to provide valuable insights and guidance.

REQUIREMENTS

Strong experience in  risk management  function at a major  financial institution

Solid knowledge of  risk measurement  and  derivatives pricing

Solid working knowledge of  Excel, VBA, SQL and Python

Strong analytical skills and the ability to think through problems, assess a variety of factors and recommend a solution

Excellent written and verbal communication skills

Experience with  change management  lifecycle is an asset

Experience with  FIS Adaptiv  is an asset

Relevant  Master’s degree  (such as Financial Mathematics, Business/Finance, Economics, Computer Science) is an asset

CFA or FRM  designation is an asset

As part of our hiring process, we use AI‑based systems to support the initial screening of applicants.

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