Actuarial Jobs, Actuarial Positions, and Actuarial Employment
Actuarial Jobs, Actuarial Positions, and Actuarial Employment
Job Details
Apply For Job Inquire About Job Add to Job Box Tell A Friend
Job ID: 33869
Job Openings by Title Quantitative Analyst/Senior Quantitative Analyst
Location Ontario, Canada
Description:
Position:	Quantitative Analyst/Senior Quantitative Analyst

Company:	Other

Location:	Ontario

Job ID:		33869

Responsibilities:

- Responsible for establishing, maintaining and monitoring principles, practices, processes and standards for credit granting and surveillance.
- Supporting and developing underwriting and risk management capabilities for the underwriting and management of financing and insurance solutions.
- Researches and reviews external best practices, regulatory requirements, and the organization's risk appetite.
- Creates scoring, rating and decision models for transactional and portfolio management teams to use for streamlining and standardizing credit granting decision making.
- Leads the development, monitoring and updating of new in-house PD and LGD models from a quantitative analysis perspective - coordinating with colleagues, consultants, vendors and internal business and technical staff to design, build, implement and manage new and updated models and systems in line with Basel/OSFI guidance.
- Assesses and performs detailed quantitative analysis on model selection and design requirements regarding both off-the-shelf and custom-built PD and LGD models.
- Leads engagements as a model owner regarding the ongoing validation and updating of credit risk rating models.
- Proactively identify opportunities to make improvements to models, guidelines and processes that are consistent with team and corporate goals.
- Develops and presents business cases to senior management and others related to updates to the Risk Rating COE program.
- Engages in stakeholder consultation, management, and training.
- Attends industry conferences.
- Develops, reviews, implements and monitors credit, surveillance, and risk management standards, guidelines and procedures.
- Promotes the proper usage of business rules, definitions, standards and applications relating to credit granting and surveillance and ensures that credit reference guides, business rules, definitions and standards are documented and accessible to users.

Qualifications:

- Completed an Undergraduate Degree in Statistics, Mathematics, Accounting, Business Administration, Finance or in a related field.
- Advanced knowledge of credit risk management principles and practices.
- Familiarity with Basel guidelines related to PD and LGD modelling.
- Familiarity with the assessment of appropriateness and use of default risk proxies and with addressing developmental data limitations.
- Advanced MS Excel capabilities including management and manipulation of large and complex data files.
- For Quantitative Analyst role:
- Minimum 5 years’ experience in credit risk management or related experience.
- Minimum 3 years’ experience with PD and/or LGD model development and/or model management supporting commercial lending a regulated financial.
- For Senior Quantitative Analyst role:
- Minimum 7 years’ experience in credit risk management or related experience.
- Minimum 5 years’ experience with PD and/or LGD model development and/or model management supporting commercial lending a regulated financial institution.
- Assets:
- Graduate degree in Statistics, Mathematics, Finance, or an Actuarial designation.
- Familiarity with SAS.
- Bilingual in both official languages.

Apply For Job Inquire About Job Add to Job Box Tell A Friend
 

© Copyright 2006 Jobs4Actuary All Rights Reserved
Actuarial Jobs in United States; Actuarial Jobs in Canada; Actuarial Jobs in Hong Kong; Actuarial Jobs in Bermuda; Actuarial Jobs in Switzerland; Actuarial Jobs in Japan; Actuarial Jobs in Germany; Actuarial Jobs in Singapore; Actuarial Jobs in England; Actuarial Jobs in Netherlands; Actuarial Jobs in Malaysia; Actuarial Jobs in France; Actuarial Jobs in Mexico; Actuarial Jobs in Taiwan; Actuarial Jobs in Spain; Actuarial Jobs in Australia; Actuarial Jobs in China; Actuarial Jobs in Brazil; Actuarial Jobs in Luxembourg; Actuarial Jobs in Indonesia; Actuarial Jobs in Ireland - Republic; Actuarial Jobs in  USA