Manager, Risk Capital and Risk Efficiency

At CWB, we strive to build value for the people who choose us every day: our people, our clients and our investors. We do this by:

• Putting people first and building relationships with intention

• Seeking out and embracing new ideas

• Believing that how we do things is as important as what we do

Term - 24 months fixed

Location: CWB Richmond Hill Ontario

Hybrid with on-site requirements

CWB is on a mission to become the best full-service bank for business owners in Canada.

Canadian Western Bank Group is in the process of developing an advanced Risk Function, including A-IRB, Economic Capital and IFRS‑9 implementations. There are a considerable amount of project/development work required for A-IRB, Economic Capital and IFRS-9 leading to an advanced ICAAP, Stress Testing, Economic Capital, Portfolio Management, Risk versus Return optimization and other strategic risk management activities.

• Build and manage CWB’s RWA calculation engine that fully meets the requirements in OSFI CAR Guidelines under BASEL III Reform under both Standardized and IRB approaches

• Operate the RWA calculation engine for regular reporting following risk production control and governance

• Produce capital results and prepare management and regulatory reports

• Conduct reconciliation and comparison of Pillar I and Pillar II capital demands

• Provide in-depth analysis on capital risk and identify key drivers for risk movement

• Conduct capital risk analysis and present observations and insights to stakeholders

• Identify potential opportunities for capital optimization including both regulatory capital and economic capital

• Collaborate with stakeholders, including but not limited to Finance, Treasury, Information Management, Risk Data Aggregation, Analytics & Reporting, Credit Risk Management, Model Development, Model Governance and Validation, and Internal Audit

• Provide support for ad-hoc requests from management and regulators in a precise and efficient manner

• Identify, recommend and implement process improvement opportunities for reporting, analysis and control

• Conduct insightful impact analysis for model updates, data migration and process changes

• Develop and maintain the capital production related documentation. Review and evaluate the technical implementation and results

• Contribute to strategic risk initiatives by using analytical skills to project potential losses, and make recommendations to limit risk

• Demonstrate insight into internal client's business and develop innovative solutions that create value

• Produce capital risk metrics (Pillar I and Pillar II) in ICAAP and stress testing

• Enhance and operate stress testing and ICAAP processes to produce capital demand and capital ratio projections under various scenarios.

• Provide insights on stress testing results. Prepare ICAAP and stress testing reports for senior management and regulators.

• Act as the independent second line to review stress testing results following quality control and governance.

• Develop and maintain stress testing related documentation.

• Support the regulatory reporting under both IRB and Standardized approaches, such as BCAR, NCR, LRR, Pillar 3, etc.

• Support the production and reporting of Economic Capital

• Support concentration risk assessment and monitoring

• Support the monitoring of model-based risk limits and the reporting of high-risk customers

• Support the IFRS-9 ECL production, such as operation, governance, reconciliation, and analysis

• Masters in a relevant field such as Financial Engineering, Finance, Economics, Statistics, Mathematics and Computer Science.

• Completion or progression in CFA and/or FRM would be an asset

• Completion of SAS certification would be an asset

• Minimum 2-3 years of professional experience in risk management areas. Previous risk reporting and programming experience in Canada would be an asset

• Practical experience in credit risk capital production, RWA calculation, reporting, control and analysis

• Hands-on experience in stress testing and ICAAP. Knowledge in Economics would be an asset

• Applied experience in SAS coding, operating and maintaining production level risk processes, managing, reconciling, and interpreting large and complex enterprise level data sets

• Proven experience in business and/or technical writing with clear and concise written communication skills

• Functional experience with SAS, MS Excel (VBA) and SQL

• In-depth understanding of OSFI CAR Guidelines, economic capital and credit risk modeling

• Solid understanding of risk capital production, analysis and reporting

• Excellent analytical skills to identify the causes of risk changes and impact to business and strategy

• Ability to effectively communicate the analysis and explain the results in a simple and concise way

• Strong stakeholder management, relationship management and influencing skills

• Strong attention to detail and the ability to understand the big picture

• Demonstrated ability to work under pressure and tight deadlines

• Exceptional critical thinking skills, learning skills and ability to work independently with limited guidance

• Strong data skills including reconciliation, validation and cleaning

• Proven programming and code reviewing skills (i.e. SAS, VBA, SQL, Python etc.)

Your success is our obsession! And our award-winning culture & benefits back it up.

Proudly recognized by Great Place to Work® in 2024 as one of Canada’s top 50 Best Workplaces & member of Waterstone Human Capital’s Most Admired Corporate CulturesTM Hall of Fame.

Wellness matters. We offer an award-winning benefits package that includes:

• Hybrid work environments

• Everyday flexibility

• Generous company-funded health coverage

• Health care spending account

• A flexible wellness program

• generous time-away options to unplug, rest & recover

Career development. We commit to our employees’ development and help them reach their professional goals with:

• Organization wide coaching services

• Mentorship

• Education support & training programs

Bring your whole self to work. Inclusion is a journey requiring practice & experience to result in a powerful outcome. Your perspective matters & voice will be heard. Find community within the CWB family in our employee represented groups.

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IND-AL

As an equitable employer, CWB Financial Group is committed to providing a safe and inclusive environment where a diverse workforce thrives. You are welcomed and encouraged to bring your whole self to work. Dignity, respect and equality are non-negotiables. If you require accommodation during any part of the recruitment or selection process, please reach out.

* Position closes at 12:01am on the close date identified below.