Manager, Credit Risk Methodology and Analytics - Toronto, Canada - Sun Life

Sun Life

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

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.

This role will report to the Director, Credit Risk Methodology and Analytics, and will assist in the development and management of enterprise-wide credit risk management and oversight function at Sun Life Financial (SLF).

The Manager will support the Director and focus on the methodology development, production and reporting of risk appetite measures including Credit Earning-at-Risk and Credit Capital-at-Risk.

The director will be very familiar with recent changes in accounting standards related to insurance industry especially IFRS 9 and IFRS 17.

What will you do?

Support the development and implementation of the EarningsatRisk and CapitalatRisk methodologies for credit risk sensitive instruments.
Develop and maintain a scalable infrastructure for the production of regular and adhoc reporting covering Asset classes, Business Groups and the Enterprise.
Provide analytical support and enhance models on credit risk measurement under IFRS 9 and IFRS 17 requirements.
Assist Director and inform senior management, business group risk officers, portfolio management and Investments on the principles of Sun Life's portfolio credit risk models and their impact on the organization.
Maintain complete and uptodate documentation for all processes, assumption changes and parameter specifications of the models/methodologies used in credit risk management.
Independently monitor and report limit breaches and track remediation.
Keep abreast of changing best practices in the field of credit risk management and incorporate best practice when and where appropriate.
Share insights with respect to credit markets and our portfolio generated through analysis and stresstesting.
Provide assistance on other initiatives in risk measurement such as counterparty credit risk, climate risk and etc.

What do you need to succeed?

3+ years work experience related to credit risk analytics, methodology or Insurance Asset and Liability management
Excellent analytical skills, and intellectual curiosity
Strong verbal and written communication skills, particularly the ability to simplify complicated information and present it in a practical context
Provide assistance on other initiatives on risk measurement such as counterparty credit risk, climate risk and etc.

Capabilities:

Good understanding in accounting standards related to insurance industry specially IFRS 9 and IFRS 1
Experience in model development of credit risk parameters
Strong technical skills including Python, R, SAS, SQL or VBA
Knowledge of Basel II, Solvency II, MCCSR and LICAT
Strong working knowledge of bestpractice approaches related to backtesting, parameter validation, and stresstesting of credit risky assets in a portfolio credit risk context

What's in it for you?

20 vacation days per year
Flexible Benefits from the day you join to meet the needs of you and your family
Pension, stock and savings programs to help build and enhance your future financial security
The opportunity to move along a variety of career paths with amazing networking potential
Great Place to Work Certified in Canada and the US.
Named 2021 "Best Places to Work" by Glassdoor
Canada Award for Excellence for Mental Health at Work 202
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

LI-Hybrid

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.

Salary Range:

74,100/ ,800/120 800

Job Category:

Risk Management

Posting End Date:

02/06/2023