Credit Risk Analyst

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll 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, you'll 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 Methodology and Analytics, reports to the Director, Credit Risk Analytics, and is responsible for supporting the development of advanced quantitative credit risk methodologies at Sun Life Financial. The analyst plays a crucial role in the ongoing operational activities of the credit risk team and focuses on the methodology development, production and reporting of risk appetite measures including Credit Earning-at-Risk and Credit Capital-at-Risk. The analyst also dedicates up to 50% of their time to research and development initiatives to enhance the group's quantitative capabilities.

What will you do?

• Generate and implement quarterly credit risk Earnings-at-Risk (EaR) and Capital-at-Risk (CaR) analysis for total company and business groups

• Provide analytical support and enhance models on credit risk measurement under IFRS 9 and IFRS 17 requirements

• Support business stakeholders and perform analysis on the impact of changes on credit risk measurements, evaluating the effects of alternative investment strategies and new classes

• Assist the Director, Credit Risk Analytics, and team members in establishing and maintaining monthly or quarterly Credit Analytics reports and presenting the results to downstream Business Group users

• Manage the feed and data collection process, implement ongoing improvements, and ensure data reconciliation and integrity

• Maintain complete and up-to-date documentation for all processes, assumption changes and parameter specifications of the models/methodologies used in credit risk management

• Develop tools to automate analysis and reporting processes

• Work with other credit risk teams to support ad-hoc requests in evaluating the portfolio risk through stress testing

What do you need to succeed?

• Successful candidates will possess a bachelor/graduate degree in Actuarial Science, Mathematics or Engineering

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

• Strong communication, presentation, and public-speaking skills

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

• Experience in development of credit risk models

• Strong technical skills including Python, R, SQL, or VBA

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

• Familiarity with third-party credit risk applications would be advantageous (e.g., software providers such as MSCI (CreditManager), Moody's KMV, etc.)

• Strong working knowledge of best-practice approaches related to back-testing, parameter validation, and stress-testing of credit risky assets in a portfolio credit risk context

What's in it for you?

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

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

• We’re committed to creating an inclusive and respectful environment. Our goal is to make sure all our employees have the chance to live up to their full potential

• We’re honoured to be recognized as a 2023 Best Workplaces in Ontario by Great Place to Work® Canada

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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 factors. In 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 thebrightside@sunlife.com.

At Sun Life we strive to create a flexible work environment where our employees are empowered to do their best work. Several flexible work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.

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

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