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About the Job
Our client has a requirement for a Business Analyst for a 6 Month Contract opportunity. The position is located in Toronto, ON.
What makes this Special
Our client is one of the largest Banks in North America. With exponential growth and millions of customers and clients who are served through our various businesses: Canadian Personal and Commercial Banking, Wealth Management, U.S. Personal and Commercial Banking, and Wholesale Banking. Being part of this company is being part of a better Canadian service.
Role
This individual will analyze and revise methodologies used for quantifying counterparty credit risk measures which are critical to business decisions, develop and improve key processes related to assessing and reporting of risk measures, and establish and maintain productive relationships with the lines of business (trading, risk oversight, portfolio management, and upper management).
Responsibilities
Risk Methodologies
- Simulation: develop and improve methodologies for the simulation of main risk drivers through research of models and concepts.
- Calibration: improve estimation of underlying model parameters and the efficiency of the model calibration process.
- Pricing: understand and identify potential weaknesses of current pricing models; propose and test possible model improvements adapted to counterparty risk constraints.
- Exotic deals: calculate counterparty credit risk on non-standard deals that present unique features.
- Stress-testing and back-testing: develop adequate methodologies conforming to regulatory requirements.
- System and Process Development and Implementation • Create business specifications and develop system implementation plans in consultation with the Bank’s technology group and external vendors.
- Automate daily processes using scripting tools which serve a variety of tasks ranging from data gathering to generating automated reports to other entities within risk.
- Integrate components of calibration to a unified platform.
- Work in a joint effort with technology, model vetting and external vendor participants to properly validate tools developed.
- Improve risk factor generation, stress testing, and back testing processes.
- Monitor replacement risk and communicate exposure amounts.
- Work and interact with the business to investigate any issues that may righteously interfere with trading activities.
- Provide quick response to trader requests to assess and report accurate risk values on proposed exotic trades.
- Accommodate traders with scenario-based analysis in order to forecast potential exposure movements.
- Communicate rationale for risk methodologies of various products to business representatives and management
Requirements or Qualifications
- 1 to 2 years of related work experience, preferably in a financial institution.
- Graduate studies in a technical field, e.g., mathematical finance, applied mathematics, statistics, engineering, physics.
- Good understanding of risk management methodologies, financial markets and products.
- Proficient in programming languages (e.g., Perl, Python, C++, Java, MATLAB).
- Good analytic and troubleshooting skills.
- Good oral and written communication skills.
- Good relationship management skills.
- Ability to meet deadlines and manage priorities
Keywords: Business analyst, risk, Market, finance and statistics
How to Apply
Online:
To apply for this and other suitable exciting opportunities with Zylog Systems (Canada) Ltd., you can register and apply online at
www.ZylogCanada.com
