Financial and Model Risk Manager - Mississauga, Canada - Questrade Financial Group

Questrade Financial Group

Verified Company

Mississauga, Canada

2 weeks ago

Posted by:

Sophia Lee

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Description

Questrade Financial Group (QFG) of Companies is committed to helping our customers become much more financially successful and secure.

We are everything a traditional financial institution is not. At QFG, you will be constantly moving forward, bringing the future of fintech into existence. You will be a part of a collaborative team that cares deeply about our mission and each other. Your team members will help you conquer challenges, push boundaries and discover what you are truly capable of.

This is a place where you can explore, discover and learn with continuous growth.

As a diverse and inclusive place to work, there are flexible working arrangements so you can unleash your creativity and curiosity with no limits.

If you share the same sense of infinite possibility, come shape your future at Questrade.

We're looking for our next Financial and Model Risk Manager. Could it be you?

Community Trust Company (CTC) is a member of the Questrade Group of Companies (QFG), which currently includes Questrade Inc., QuestEnterprise, Questrade Wealth Management Inc., CTC, Thinknsure Ltd., and Zolo Ventures Ltd.

What's in it for you as an employee of QFG?

Health & wellbeing resources and programs
Paid vacation, personal, and sick days for worklife balance
Competitive compensation and benefits packages
Hybrid and flexible work arrangements
Career growth and development opportunities
Opportunities to contribute to community causes
Work with diverse team members in an inclusive and collaborative environment

What's it like working as a Financial and Model Risk Manager at Community Trust Company?

As the Financial and Model Risk Manager at Community Trust Company, you will play a crucial role in the Enterprise Risk Management program.

Reporting to the Director of Risk Management, you will be responsible for effective second line oversight of financial reporting, accounting, treasury and other financial risks, as well as for managing the model risk management program in line with regulatory requirements, specifically OSFI guideline E-23.

Need more details? Keep reading

In this role, responsibilities include but are not limited to:
Financial Risk Oversight

Review, challenge, assess and document rationale for setting management and board level KRI's and KPI's for treasury and finance functions
Provide independent review and challenge on treasury and finance policy updates. Requires a strong understanding of asset and liability risk measures (Capital, Liquidity, Interest Rate, Counterparty risk metrics) and an ability to review decisions from the view of the second line of defense.
Perform independent review on Capital and Leverage ratio, LCR, and NCCF per the OSFI's Assurance Guideline
Document and assess the operating effectiveness of internal controls and procedures over financial reporting
Assess the accuracy and completeness of corporate financial reports, reviewing and analyzing for compliance with reporting guidelines and corporate policies, communicating issues and recommended solutions and next steps to management and making recommendations to improve future reporting accuracy.
Oversee the data integrity of regulatory filings and returns
Test for compliance with processes, policies and practices
Ensure cyclical and on demand reporting reviews for internal business partners and regular reporting
Work effectively with Internal Audit

Model Governance

Develop and execute comprehensive strategies for model risk management, including validation, monitoring, and ongoing assessments of model performance
Strong technical aptitude for credit and financial risk to validate complex formulas and methodologies
Ensures completeness of the model inventory by supporting the model inventory review process across all areas of the company and relevant model approving committees
Supports Senior Management and Board Reporting by coordinating and supporting the process for generating model risk reports for the Board and Senior Management
Supports business units and others for information requests related to model governance and model inventory requirements
Supports ongoing governance activities as required including attestations for compliance with model risk policy, regulatory reporting etc.
Supports the design, review and ongoing enhancement process for the company's spreadsheet / EUC policy, model risk framework and model risk management policy. Ensures relevant model risk processes for model inventory are followed and associated controls are in place.

Other

Monitor and analyze emerging risks in the financial industry, keeping abreast of regulatory changes and industry trends
Foster a strong risk culture by promoting awareness, training, and communication on riskrelated matters
Stay uptodate with evolving industry standards and best practices

So are YOU our next Financial and Model Risk Manager? You are if you