Director, Risk Analytics & Model Risk Management (LCC) at First West
Canada
CAD 120k - CAD 153.8k
We are currently seeking a Director, Risk Analytics & Model Risk Management to join our team. The Director, Risk Analytics & Model Risk Management reports to the VP, Enterprise Risk Management and provides the leadership to the Risk Analytics & Model Risk Management team. This role assists risk leaders by providing high-quality data, advanced analytics, reporting and risk insights to support the monitoring, risk assessment and decision making related to financial risks, in particular credit risk, market and Liquidity Risk and Capital Risk. The Director drives the development and advancement of analytical capabilities and serves as the primary subject matter expert in model risk management, enterprise stress-testing & scenarios analysis, and is the subject matter expert for data management for the risk team. This position also leads the annual ICAAP process in collaboration with internal stakeholders. Accountabilities 1. Leadership: Provides leadership and direction to the team including recruitment, training and development, establishing annual goals and completing performance management processes. 2. Data Analytics: Collaborates with data owners to identify and select relevant data sources from both internal and external sources to address analytical requirements. Assesses portfolio performance metrics such as delinquency, default, and loss rates to support the monitoring and enhancement of FW’s credit portfolio and offer analytical support for efficient oversight of treasury activities. Manages and maintains data sets required for Climate Risk reporting and analysis. 3. Risk Measurement & Reporting: Develops and oversees statistical and analytical models to quantify risk across financial risks of the Enterprise Risk Management framework. Prepares regular and ad hoc reports as requested by risk leaders, the First West leadership team, and the Board of Directors. 4. Stress Testing: Designs and implements tools and methodologies required for stress testing and analysis related to financial risks. Collaborates with risk leaders to determine scenario assumptions and appropriate methodologies and continuously improve stress testing methodologies to meet changing market dynamics. Lastly, keeps abreast of best practices in stress testing methodology and related regulatory requirements. 5. Model Risk Governance: Leads the enterprise Model Risk Management program, which includes the monitoring, measurement & reporting of model validation, model inventory, and attestations with internal & external stakeholders. Performs and gathers models statistical test results and required analysis to support models’ performance assessment. Prepares appropriate materials to support the Model Risk Oversight and follow-up on action items as required. 6. Data Management: Leads the Data Management program within the second line. Implements robust controls to maintain data completeness and accuracy. Collaborates with internal and external partners to improve the structure, governance of risk data, and identify inconsistencies in the dataset. Stays abreast of data management requirements and best practices. Works closely with other business units to comply with Data Management policy and enhance data security and quality. 7. ICAAP: Leads the ICAAP working group and oversees the annual Internal Capital Adequacy Assessment Process (ICAAP) and conducts scenario analysis as needed. Incorporates OSFI requirements and applies changes to the ICAAP methodology as required. 8. Risk Systems Support: Collaborates with internal partners to ensure systems used by the second line are technically supported and supplied with accurate, high-quality data. Coordinates with IT for system updates and enhancements by providing business analysis and support. Required Skills, Experience & Qualifications * Bachelor’s degree in a quantitative discipline required e.g. Mathematics or Science; masters preferred * Financial, Accounting or Risk Management designation required or an equivalent combination of education and experience * 8-9 years in progressively senior positions within an OSFI regulated financial institutions * Experience in risk management, or analytically focused role, including 5 years leading and developing people required * Experience working with credit portfolio data and resolving data governance challenges. Risk analytics and modeling techniques required * Strong leadership skills (communication, coaching and change management) * Demonstrated written and verbal communication skills, with the ability to interact effectively and build long-term relationships with a wide variety of stakeholders * Strong analytical and problem-solving skills, with the ability to develop creative options and recommendations to improve the overall effectiveness and efficiency of the risk analytics and reporting processes. * Deep understanding of quantitative methods and complex statistical analysis. * Demonstrated advanced knowledge of advanced analytics, modeling and stress-testing. * Experience in running the ICAAP and preparing related reporting. * Demonstrated advanced knowledge of enterprise risk principles within a financial institution, including knowledge of credit, capital, liquidity and market risk * Displays an understanding of risk management principles and activities. * Ensures compliance with all relevant regulations, policies, and standards (e.g. OSFI, FCAC). What’s in it for you: First, we strive to make our team members feel genuinely rewarded. You’ll have: * Mental health coverage and resources * Customizable health benefits, as well as topped-up parental leave * Performance-based compensation, employee banking advantages and group RRSP matching * Vacation time and flexible work arrangements to support your lifestyle We are committed to providing a fair, equitable, and competitive rewards package that reflects the value an individual brings to our organization. The compensation mentioned in this job posting should serve as a guide. The total cash compensation earned may vary based on a variety of factors including bonuses and/or incentives, an individual’s skills and experience, and may correlate with performance in the role. We also provide and encourage opportunities for our employees to make a meaningful impact. After all, as a credit union we’re powered by giving back—in big ways and through small gestures. That's why we offer employees paid time off to volunteer, partner with thousands of local charities, build long-lasting relationships that help our members get ahead and commit to environmental, social and governance (ESG) practices. By joining our team, you’ll be able to elevate your potential. Wherever your own purpose leads, we’re here to support you with award-winning in-house training programs, access to LinkedIn Learning, and reimbursement for external courses to help you get ahead. Take the next step in your career as part of our team. Apply for this opportunity! Candidates, please note: if you are being considered for this role, you will be required to complete a background check, such as employment verification, credit check and criminal record check. Diversity, Equity, Inclusion & Belonging At Tru Cooperative Bank, we embrace diversity regardless of gender identity or expression, sexual orientation, religion, race, ethnicity, age, diverse ability, and any aspect that makes someone unique. Inclusion is woven through our organization, from our employee-led network groups, hiring practices and education programs that address barriers and continually grow our equitable, diverse and inclusive culture. We encourage people who are from equity-deserving groups to apply for a career with us, including women or non-binary people, persons with diverse abilities, Black, Indigenous Peoples, People of Colour and members of 2SLGBTQIA+ communities. If an accommodation would help you during the process of applying or interviewing for a career with us, please let us know how we can assist you, whether it’s preparing materials in an alternate format, booking an accessible meeting room or other arrangement. Your individuality is welcome here. About Us We’re a financial cooperative that does things differently. We provide time-tested advice that helps our members feel optimistic about their future, and we offer comprehensive banking solutions that enable people to confidently reach their goals. With the financial strength and extended branch network of a large financial institution, we maintain local connections to our communities and take a unique grassroots approach to service. Our more than 250,000 members and approximately 1,250 employees operate from 45 branches throughout the province of BC, under the Envision Financial, Valley First, Island Savings and Enderby & District Financial brands. Visit firstwestcu.ca for more information on Tru Cooperative Bank. Please know we appreciate your interest in us but only candidates selected for an interview will be contacted.
Apply Now
