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 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.

• Generate and implement quarterly IFRS9 ECL analysis for total company and business groups, and 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.

• Support the business stakeholders in Credit Risk Rating operations using internal systems (ICRS) and applications, as per the applicable policies and procedures.

• 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.

• 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, R, SQL, or VBA.

• Strong communication, presentation, and public-speaking skills.

• 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.

What's 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

• We’re honoured to be recognized as a 2024 Best Workplace in Canada by Great Place to Work® Canada

• Sun Life ranked one of the 2023 Global 100 Most Sustainable Corporations in the World on the Corporate Knights’ 2023

#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 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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