Credit Risk Analyst

You are as unique as your background experience and point of view. Here youll be encouraged empowered and challenged to be your best self. Youll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day youll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals families and communities around the world.

Job Description:

The Analyst Credit Risk Methodology and Analytics will report to the Director Internal Risk Rating and is responsible for supporting the development and maintenance of advanced quantitative credit risk models and risk metrics at Sun Life.

As part of the Credit Risk team the analyst will focus on the Risk Rating models development and monitoring management and maintenance of the Investment Credit Risk System (ICRS) as well as portfolio level Credit Risk measurement (such as Earning-at-Risk (EaR) Capital-at-Risk (CaR) and Expected Credit Loss (ECL)) management and reporting based on regulatory requirements and internal risk management standards.

What will you do

• Work on the development enhancement maintenance and monitoring of quantitative and hybrid Probability of Default (PD) and Loss Given Default (LGD) models for different assets and portfolios.

• Support the business stakeholders in Credit Risk Rating operations using internal systems (ICRS) and applications as per the applicable policies and procedures to ensure that risk rating data used in risk appetite measures like Earning-at-Risk and Capital-at-Risk are accurate and any required changes are completed accurately and timely.

• Work on the Credit Risk feed generation process reconciliation process IFRS 9 ECL estimation stress testing and other portfolio risk metrics estimation and reporting including automation and process improvements.

• Work closely with frontline analysts and Credit Risk Adjudication teams to ensure rating model and rating outputs are well understood by all stakeholders.

• Work closely with Credit Risk Adjudication teams and Credit Risk IT team to support the risk rating methodology review process identify opportunities and recommend solutions designed to enhance the overall effectiveness of credit risk rating business processes.

• Document of the Credit risk measurement and management process models and non-model EUCs model validation findings resolutions.

What do you need to succeed

• Successful candidates will possess a bachelor/graduate degree in quantitative finance areas such as Financial Engineering Actuarial Science Financial Mathematics etc.

• 1-2 years experience in quantitative risk functions in insurance companies banks or highly respected consulting firms is strongly preferred.

• Understanding of Fixed income financial instruments and associated risk metrics C&I CRE portfolios stress testing back testing etc.

• Strong coding skills in environments such as Python SQL VBA.

• Strong communication presentation and public-speaking skills.

• Experience in advanced credit risk data modelling techniques such as logistic regression and Machine Learning approaches: support vector machines decision trees random forest neural networks etc.

• Experience in development or monitoring of quantitative credit risk and risk rating models for different asset types and portfolios.

• Good understanding of accounting standards related to the insurance industry especially IFRS 9 and IFRS 17.

Assets

• Professional qualifications (CFA FRM etc.) are considered beneficial.

• Familiarity with third-party credit risk applications would be advantageous.

• Experience/knowledge of data modelling or mining using agentic AI tools.

• Experience/knowledge of data analytics for risk measurement and management using Python Python web framework pandas etc.

Whats in it for you

• Time off giving you the flexibility to focus on the moments that matter including 15 vacation days per year

• Flexible Benefits from the day you join to meet the needs of you and your family

• Pension Plan participation starts immediately and you are automatically enrolled. We help you save more with Sun Life automatic and matching contributions and by including both your salary and bonus when making

• contributions.

• The opportunity to move along a variety of career paths with amazing networking potential

• Flexible hybrid work model

• Work and professional development that is united by our Purpose: to help Clients and Employees achieve lifetime financial security and live healthier lives

• A friendly collaborative and inclusive culture

• Were honored to be recognized as a 2026 Best Workplace in Canada by Great Place to Work Canada

#LI-Hybrid

The Base Pay range is for the primary location for which the job is posted. It may vary depending on the work location of the successful candidate or other addition to Base Pay eligible Sun Life employees participate in various incentive plans payment under which is discretionary and subject to individual and company performance. Certain sales focused roles have sales incentive plans based on individual or group sales results.

Diversity and inclusion have always been at the core of our values at Sun Life. A diverse workforce with wide perspectives and creative ideas benefits our Clients the communities where we operate and all of us as colleagues. We welcome applications from qualified individuals from all backgrounds.

Persons with disabilities who need accommodation in the application process or those needing job postings in an alternative format may e-mail a request to .

We are proud to be a hybrid organization that offers our employees the choice and flexibility to work from both the office and virtually based on the needs of the business our Clients and you! Several work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.

We may use artificial intelligence to support candidate sourcing screening interview scheduling.

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.

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