Analyst, Risk Management - Toronto, Canada - TMX Group Limited

TMX Group Limited

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Reporting to the Manager, Risk Management, the Analyst's primary role is to support CDS day to day financial risk activities, reporting and analysis, and to conduct studies, develop and implement risk management tools and contribute to the continuous improvement of risk management policies.

The Analyst will also work closely with other teams within Risk Management.

Venture outside the ordinary - TMX Careers

The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets.

United as a global team, we're connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress.

Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.

Ready to be part of the action?

Now Hiring:
Analyst, Risk Management (15 month contract)

Job Description:

The Analyst will also work closely with other teams within Risk Management.

The Analyst role includes the following functions:

Monitor and ensure accuracy of collateral calculations of the CDS' Central Counterparty (CCP), National Securities Clearing Corporation (NSCC) and Depository Trust Company (DTC) services for all participants by analyzing results of the calculation, identifying and resolving discrepancies.
Supervise and respond to results of backtesting of collateral requirements of all central counterparty (CCP) services participant funds and results of backtesting of security haircut rates ensuring accurate confidence level is being maintained.
Determine appropriate initial haircut rate for new issues by performing research of price history, industry volatility and IPO prospectus.
Investigate and adjust price history on equities, for example, changes resulting from corporate actions.
Monitor and ensure that all participants align with CDS standards and qualifications on an ongoing basis.
Monitor and ensure that all participants issuing money market securities comply with credit standards per the CDS Participant Rules.
Develop and maintain metrics on participants' risk levels and prepare analyses summarizing results.
Document procedures for financial risk processes, and make recommendations to automate current processes and improve efficiency.

Skills and Experience:

Postsecondary education in Business, Finance, Mathematics, Statistics or equivalent experience
Min. 13 years of experience in the financial industry with focus on market/financial risk management
Sound knowledge of financial risk management concepts and techniques, such as ValueatRisk (VaR)
Working towards FRM (Financial Risk Manager from GARP) or PRM (Professional Risk Manager from PRMIA)
Excellent quantitative and data analysis skills with strong attention to details
Good communication skills both written and verbal
Excellent computer skills (MS Office Suite), knowledge of Crystal Reports and Bloomberg, as well as Google suite of products
One to three years of programming experience in Matlab
VBA programming experience
Ability to reflect, summarize, and present sophisticated ideas
Selfconfidence, positive outlook, pragmatism
Sense of ownership and accountabilities

Nice to Have(s):

Previous experience in financial services / capital markets industry
Knowledge of Canadian Securities industry
Enrolment in CFA (Chartered Financial Analyst) program

In the market for

Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets Experience the movement of the market while grounded in the stability of close to 200 years of success.

Connection - With site hubs in some of the world's most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.

Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth.

As well, our employee-led
_Team Impact_ spreads social good via our giving strategy.

Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger "we".

Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived