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

Questrade Financial Group

Verified Company

Mississauga, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

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 overseeing and strengthening controls over financial reporting, managing model risk, and ensuring the effective oversight of treasury and other financial risks.

Need more details? Keep reading...

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

Document internal controls and procedures to ensure financial transactions are recorded accurately in the general ledger
Assess the operating effectiveness of the internal controls over financial reporting, regularly
Assesses 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
Ensures that an accurate and up to date inventory of models is maintained and manages the process to ensure accuracy and reliability of model inventory data
Ensures completeness of the model inventory by supporting the model inventory review process across all areas of the company and relevant model approving committees
Manages and designs model risk dashboards, reporting and metrics using information from the company's model inventory
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
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 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

Conduct control testing to assess the effectiveness of controls and identify areas for improvement
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

University degree in finance, risk management, economics, or a related field; or another advanced degree or designation
Professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) preferred
2+ years of risk management, audit or a related risk identification and reporting fu