Senior Quantitative Analyst, Market Risk-(Hybrid)

Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system. We do this by collaborating with our clients developing strategies products and services to support the financial well-being of their more than 5 million diverse customers in communities across Canada. For more information visit .

What we offer:

• Work-life flexibility

• Hybrid workenvironment

• Variable annual incentive plan

• Generous annual vacation allotment

• Top-notch flexible benefits planincluding family building and gender affirmation

• Retirement Plan matched contributions at 6%

• Access toa learning platform and educational assistancesupport

• Access to a virtual wellness platform

• Career development opportunities

• Wellness Flex Fund to support personal interest and activities

• Day off to volunteer in your community andother paid time off options

• Corporate discounts

*subject to employment agreement

Job Summary:

As a Senior Quantitative Analyst on the Market Risk team you will play a key second line of defense role leading the measurement analysis and reporting of market risk across Central 1s investment lending securitization and trading this position you will support robust risk oversight and enable informed data-driven decision-making across the organization.

What youll be doing:

• Maintain the integrity accuracy and upkeep of static and market data (e.g. curves securities generators limits pricing and yields). Ensure adherence to all controls processes and procedures while identifying data quality gaps and improving automation and controls
• Prepare and enhance market risk content for daily reporting risk dashboards and regulatory reporting (including Pillar 1 Market Risk)
• Provide independent oversight of Central 1 portfolios to ensure compliance with Board-approved limits Market Risk Policy and regulatory requirements.
• Oversee financial instrument valuation and pricing models to ensure the integrity of mark-to-market valuations and fair value risk reporting
• Conduct deep-dive analyses of significant P&L movements market shocks and stress events
• Perform scenario analysis to assess vulnerabilities under adverse market conditions
• Develop and maintain market risk models to support and strengthen the risk monitoring framework and analytics including VaR ES sensitivities stress testing scenario analysis NIIS and IRRBB
• Support the ongoing development and maintenance of market risk standards and procedures
• Identify analyze and document key and emerging risks by monitoring market movements risk exposures and P&L drivers
• Act as backup for preparing ALCO packages C1 Trust reports and Board reporting materials.
• Assist the Director with ad hoc market risk analysis and reporting.
• Undertake additional projects and responsibilities as assigned.

What youll have:

• Bachelors degree in Finance Financial Engineering Mathematics Statistics or a related field or an equivalent combination of education and relevant quantitative experience
• 3 years of experience in Market Risk Model Development Model Validation Product Valuation or similar quantitative roles
• Working knowledge of financial markets banking operations and valuation/pricing models for instruments such as fixed income FX NHA MBS and derivatives
• Strong attention to detail with proven quantitative analytical and problem-solving skills
• Solid understanding of interest rate risk including experience with VaR NIIS DV01 and stress testing methodologies
• Hands-on programming experience in one or more languages such as SQL (stored procedures) VBA Python or similar
• Advanced proficiency in Microsoft Office (especially Excel) along with experience using Tableau or other data visualization tools. Familiarity with Murex MX3 and/or Bloomberg Terminal is an asset
• Knowledge of market risk regulatory requirements and guidelines is an asset.
• Strong communication skills with the ability to collaborate effectively with front office teams business stakeholders senior management and committees
• Ability to clearly present complex concepts in both written and verbal formats.
• Intellectual curiosity and the ability to independently investigate unusual trends in business activity and risk exposure
• Adaptability and flexibility to respond to evolving business and departmental needs in a fast-paced environment
• Willingness to take on additional responsibilities and special projects as required
  

Salary range: $75000-$90000

The salary range representsthe job rate determined for the successful candidate who is fully competent in the role. The actual salary will vary depending on market conditions and relevant job-related factors such as knowledge skills qualifications experience and education/training.

#LI-Hybrid

Central 1 does not use Artificial Intelligence (AI) technology to screen assess or select applicants during our recruitment process. This job posting is for an existing specific vacancy within our organization. All applications will be considered exclusively for the position described in this posting.

Central 1 is an equal opportunity employer and committed to building an inclusive workforce by creating an environment where everyone feels like they belong and has the opportunity to be successful. We welcome all applicants to join our diverse workforce and we will provide an accessible candidate experience including but not limited to accommodations to interview sites and alternate formats upon request to our Recruitment team.