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Senior Analyst, Portfolio Strategy and Analytics

Equitable Bank

This is a Contract position in Surrey, ia posted July 27, 2021.

Canada’s Challenger Bank™ Equitable Bank manages over $35 billion in assets and is a wholly-owned subsidiary of Equitable Group Inc.

It was founded in 1970 as The Equitable Trust Company and has become Canada’s ninth largest Schedule I bank.

Equitable Bank offers a diverse suite of residential lending, commercial lending, and savings solutions, including high-interest savings products and GICs.

At Equitable, we have no doubt that financial services are changing.

Consumers increasingly prefer to interact remotely through digital channels and are less likely to visit brick and mortar locations.

That’s why we launched EQ Bank in 2016.

Its approach to simple and convenient banking makes it a strong contender in the industry.

We believe there’s an opportunity for something different, to provide better service and a better deal for our customers through digital banking.

Job Title: Senior Analyst, Portfolio Strategy and Analytics Department: Enterprise Risk Management Reports To: Director of Portfolio Strategy and Analytics Purpose of Job Reporting to the Director of Portfolio Strategy and Analytics, the incumbent will be responsible to implement, develop and enhance reporting and analytic capabilities with-respect-to Pillar 1 and Pillar 2 Risks, focused on IFRS 9, AIRB, and ICAAP.

Through analyzing portfolio, financial, operational, economic or social data, the successful individual will drive strategic, business process and risk management insights.

The position will entail the incumbent to perform loan portfolio segmentation address exposures from current and emerging risks.

Data mining – making sense of some very large databases of credit risk related historical data; Reporting – leveraging power BI to develop a suite of insightful reports for AIRB, ICAAP, and Risk Management.

Analytics – Incorporating Matlab, Excel, and other tools to quantify expected and unexpected loss emerging in the Banking Book.

The role will further support Risk Management in all aspects of the enterprise-wide risk management program for the identification and assessment of risks throughout the organization.

The incumbent will develop reporting and monitoring of risk management issues, including capital allocation and optimization for the credit risk portfolio.

Main Activities IFRS 9 Development, Analytics, and Reporting Develop and update reporting in Tableau to quantify ECL trends emerging in the Bank’s mortgage and leasing portfolio Update and explain impacts of ECL management overlays to Bank’s overall capital position.

Report to ERM Management on economic trends emerging from Bank’s forecast scenarios, including analyzing and segmenting large amounts of data Support IFRS 9 deliverables with internal stakeholders including Finance and Audit Pillar 1 And Pillar (ICAAP) Analytics Support Through analyzing portfolio, financial, operational, economic trends/data, deploy portfolio strategies to support Economic and Regulatory Capital for both credit and non-credit risks.

Develop SME in both understanding Business and analyzing internal loan data to solvespecific risk issues related to: economic events, financial impacts/simulation; operational/process examinations; strategic/performance comparisons; portfolio benchmarking; or regulatory queries.

Perform loan portfolio segmentation analysis as needed for operations or to define exposures potentially impacted by stress testing scenarios including negative changes to unemployment and home prices Supply analytics and recommendations on internal data to enhance credit portfolio performance; proactively identify potential risk issues; mitigate future loan losses, benchmark credit portfolio performance; and facilitate business/profitability goals Work with Research Financial Engineering (RFE) and Data Management to ensure statistical solutions and data is available for Pillar 2 Reporting for ERM Department Develop and periodically report on forward looking Credit/Loan portfolio outputs, including sub-portfolio limits and risk appetite metrics.

Assist in the development, enhancement and implementation of reporting and risk management capabilities under the Advanced Internal Ratings Based (AIRB) approach.

Works with the Business, Credit Adjudication and Information Services to design/develop analytical reporting to track and monitor the credit portfolio.

Monitors reporting and acts as subject matter expert on credit portfolio trends or key risk/performance indicator movements.

Skills/Knowledge Requirements Minimum 1-2 years’ experience in a risk management role in a financial services environment (preferably mortgage lending) Degree in a business (Finance, Accounting, Commerce) or a quantitative discipline (Applied Mathematics or Statistics, Engineering, Computer Science) Masters in Risk Management, Business Statistics or a related field an asset Good understanding and experience with operational risk and methodologies, model risk oversight, and internal assessment of capital Comfortable using Microsoft products, including strong data analysis skills using Excel, SQL, and Matlab.

High attention to detail, ability to review and recommend actions to solve business problems Advanced communication skills sufficient to convey complex information and concepts into succinct opinions to a senior executive audience.

Proven ability to communicate clearly (verbally and written), tailoring presentations to the audience Strong organization, time management and multi-tasking skills; managing multiple deadlines at one time Strong analytical ability for portfolio monitoring and stress testing Knowledge in IFRS-9, A-IRB, Economic/Regulatory Capital and Stress Testing is an asset Experience working with large data sets in SQL (data cleansing, reconciliation, validation).

Hands-on experience working with Moody’s Risk Frontier vendor solution for Economic Capital is an asset Hands-on and detail-oriented reporting of risk numbers to senior management.

You’re a self-starter and driven to succeed.

You are motivated by accomplishing your goals and delivering your best to make an impact Equitable Bank is an equal opportunity employer and encourages applications from all qualified candidates.

Accommodations are available on request for candidates taking part in all aspects of the selection process.

All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire.

While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position Apply Now