Credit Risk Analyst

  • Date Posted Aug 17, 2021
  • Location Toronto, Ontario
  • Job Type Contract
  • Job ID 12890

Can your influence make an impact? Do you believe that relationships and networks are essential to success? Do you inspire outcomes by making yourself heard? Can you bring your real self to work and live company values – trust, teamwork, and accountability? Then, here is an opportunity for you!

Working with one of our top financial clients, this role calls for a Credit Risk Analyst who will assist to facilitate enterprise-wide management of model risk by improving the transparency and understanding of models required for vetting, products to which the models are applied, and the application of the models, so that the Bank is not subject to unjustified, undue and unidentified risks due to the use of these models. The ideal candidate will provide model risk vetting services according to MRV vetting process, Model Risk Corporate Standard, Model Risk Guidelines and principles. Herein vetting includes validation of models and assumptions, benchmarking, providing analysis and recommendations and documentation 


  • Develop proposed vetting strategy and plan for approval by Director or Project Manager to ensure the appropriate type and level of vetting of risk models is carried out
  • Conduct assigned model risk vetting activities, individually for less complex projects or under the guidance of the Project Manager or Director, MRV, according to the MRV vetting process, standards, guidelines and principles. Vetting activities include (but are not limited to) testing of models, justification of model assumptions, benchmarking, comparison of results to model developer results, quantification of model risks, validation of models, documentation of vetting findings/conclusions, and communication with model developers/model owners/model users
  • Produce the vetting report according to standards and format including identification of model deficiencies/weaknesses, conditions for model use, recommendations for model use, and Level of Model Error Potential and Model Risk Impact
  • Ensure effective two-way communication with the Model Owners/Developers/Users set expectations, obtain and provide information on models, and communicate model risk issues and suggestions during the vetting process
  • Ensure key information such as model review dates, conditions, and triggers is entered into the vetting database for follow-up and the database is kept up to date to reflect changing circumstances
  • Provide regular project status updates to Project Manager or Director, MRV for tracking and monitoring vetting projects 
  • Provide technical input to model developers and/or risk management groups in the development of models to proactively assist the Business resolve model risk issues
  • Share knowledge of models and vetting projects with other vetters to ensure transfer of knowledge across MRV
  • Develop and maintain effective relationships with the LoB client, LoB Risk Management group, and T&O to understand and complete the vetting request
  • Escalate difficult or complex project-related client issues and conflicts to Director or Project Manager, MRV to ensure resolution

Desired Skill Set:

  • 1 + year of experience with quantitative modeling in the financial industry
  • Strong programming skills (i.e. SAS, R, C++, Matlab, VBA, etc.)
  • Expert knowledge of risk management in specific areas 
  • General knowledge of the banking industry
  • Developed project management skills, relationship management skills, organizational ability
  • Solid and proven communication and written skills
  • Master degree or Ph.D. degree in Math, Math Finance, Statistics, Engineering or equivalently strong quantitative background

BeachHead is an equal opportunity agency and employer. We advocate for you and welcome anyone regardless of race, color, religion, national origin, sex, physical or mental disability, or age.

Privacy Policy

Attach a resume file. Accepted file types are DOC, DOCX, PDF, HTML, and TXT.
Attach an additional file, if applicable. Accepted file types are DOC, DOCX, PDF, HTML, and TXT.

We are uploading your application. It may take a few moments to read your resume. Please wait!

Back to Top