Director Loss & Capital Modelling
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Job Location:
Monthly Salary:
Posted on:
23 hours ago
Vacancies:
1 Vacancy
Job Summary
We are banking at another level.
Choosing BDC as your employer means working in a healthy inclusive and skilled workplace that puts forward the best conditions to bring together unique teams where employees are empowered to act. It also means being at the centre of ambitious economic and financial projects to see further and to do things differently to fuel the success of Canadian entrepreneurs.
Choosing BDC as your employer also means:
Flexible and competitive benefits including an Employee Savings and Investment Plan where BDC matches part of your voluntary contributions a Defined Benefit Pension Plan a $750 wellness and health care spending account to name a few
In addition to paid vacation each year five personal days sick days as necessary and our offices are closed from December 25 to January 1
A hybrid work model that truly balances work and personal life
Opportunities for learning training and development and much more...
Explore the BDC Way in our Culture Book
**Please note that this role requires bilingualism in both French and English spoken and written. **
POSITION OVERVIEW
As Director Loss & Capital Modelling you will report to a Vice-President Risk Assessment & Models within Risk Management and will be accountable for the design development implementation and ongoing monitoring of quantitative models supporting economic capital IFRS9 Expected Credit Loss (ECL) for performing loans and macro-economic forecasting default rates.
You will provide strategic leadership across the full model lifecycle ensuring methodologies are conceptually sound empirically robust and aligned with industry best practices and internal risk management standards.
The Director brings deep technical expertise strong governance discipline and the ability to translate complex model outcomes into clear insights for executive management validators and auditors while fostering a culture of continuous improvement and bestinclass modeling practices
CHALLENGES TO BE MET
Lead the development and ongoing enhancement of Economic Capital and Expected Credit Loss models for performing loans in line with internal risk frameworks industry practices and accounting standards (e.g. IFRS9).
Oversee the endtoend model lifecycle including implementation performance monitoring validation support and periodic recalibration.
Contribute to the advancement of the modelling methodologies model calibrations and data management.
Establish and oversee data management standards supporting capital and ECL models. Partner with data IT and Finance teams to improve data infrastructure for modelling.
Establish and maintain a robust model monitoring and governance framework ensuring model performance stability and appropriate use.
Operationalization of models definition of requirements in close collaboration with IT selection of the solution and coordination of implementation activities.
Act as a senior point of contact for Model Validation Internal Audit External Audit and regulators addressing findings and supporting reviews.
Communicate model outcomes and risk insights to senior management and governance committees through clear concise materials.
Lead develop and coach quantitative teams promoting high standards of analytical rigor accountability and continuous improvement.
WHAT WE ARE LOOKING FOR
Graduate degree in quantitative or risk focused discipline Mathematics Finance or Economics.
A minimum of 7-10 years of related working experience in credit risk quantitative modelling.
Demonstrated handson experience in Economic Capital and/or IFRS9 Expected Credit Loss (ECL) modeling
Proven leadership experience (3 years) leading quantitative teams and/or crossfunctional projects.
Solid computing development skills particularly statistical and database modeling tools (i.e. SQL Python etc.); well-developed ability to adapt to various programming languages and environments.
Good interpersonal and communication skills are essential in dealing with internal and external stakeholders as well as preparing reports for Executive Management.
Solid organizational and time management skills to manage competing activities within short time frames.
Strong analytical skills and remarkable attention to detail and accuracy
Ability to coach and develop quantitative professionals.
Bilingual in both official languages (English & French)
Proudly one of Canadas Top 100 Employers and one of Canadas Best Diversity Employers we are committed to fostering a diverse equitable inclusive and accessible environment where all employees can thrive and feel empowered to bring their whole selves to work. If you require an accommodation to complete your application please do not hesitate to contact us at .
While we appreciate all applications we advise that only the candidates selected to participate in the recruitment process will be contacted.
Required Experience:
Director
Key Skills
- Fundraising
- Management Experience
- Coaching
- Analysis Skills
- Strategic Planning
- Team Management
- Budgeting
- Leadership Experience
- Mentoring
- Public Speaking
- negotiation
- Supervising Experience
About Company
We are BDC, the Business Development Bank of Canada and the financial institution devoted to Canadian entrepreneurs. We help create and develop strong Canadian businesses through financing, advisory services and capital, with a focus on small and medium-sized enterprises.
