Quantitative Risk Analyst/Credit Risk Models
Are you passionate about modeling credit risk and eager to contribute to a leading financial institution? Apply Now!
Working with one of our top financial clients, this role calls for a Quantitative Risk Analyst specializing in Credit Risk Models. This position offers an exciting opportunity to support model recalibration and enhancement initiatives within a dynamic team focused on advanced risk management and regulatory compliance.
Pay rate range (CAD): $35.23/hr – $42.28/hr
Responsibilities
- Develop and support PD, LGD, and EAD models used in the AIRB framework for non-retail portfolios
- Perform model calibration, performance testing, and data cleansing activities
- Investigate and implement suitable modeling methodologies based on academic and industry research
- Support all stages of the model lifecycle, including development, validation, and performance evaluation
- Prepare comprehensive reports detailing the statistical rationale, model performance, and regulatory compliance
- Summarize key findings and decisions for management review
- Stay current with credit risk management methodologies, regulatory guidelines, and industry best practices
- Conduct data analysis for portfolio segmentation, backtesting, accuracy testing, and benchmarking
- Write, review, and execute code in languages such as SAS, Python, R, and C++
- Support ad hoc data investigations and modeling research
- Maintain regular communication with the team and internal stakeholders
Desired Skill-Set
- Bachelor’s degree in Computer Science, Mathematics, or related field
- 0-2 years of relevant experience
- Strong quantitative skills in math or related disciplines
- Programming proficiency in SAS, Python, or R
- Excellent verbal and written communication skills
- Strong work ethic with adaptability to changing priorities
Nice to Have
- Knowledge of credit risk models (preferably commercial models)
- Familiarity with quantitative finance modeling techniques (e.g., Merton Model, Vasicek Model)
- Experience with C or C++ programming
BeachHead is an equal opportunity agency and employer. We advocate for our candidates and welcome applicants regardless of race, color, religion, national origin, sex, age, or physical or mental disability. BeachHead or our clients may use technology-enabled tools, including automation and artificial intelligence (AI), to support parts of the recruitment process such as resume screening, application management, and candidate matching. These tools assist our recruiters and our clients, and do not replace human decision-making. This job posting represents a current or anticipated vacancy. The position may be filled at any time, and the posting may be removed without notice once the role has been filled.