Market Risk and Model Development / Quantitative Analyst recruitment

Market Risk and Model Development / Quantitative Analyst

Our client, a major financial institution in Toronto is expanding its Market Risk and Model Development Team. 

Currently there are 3 open areas of responsibility. Salary expectations for either area of focus fall into varying ranges, adjusted accordingly depending on experience. 

  1. Senior Manager, Model Development (market, credit, operational risk): The Senior Manager Model Development will oversee the development and implementation of analytical models for measuring operational risk as part of the Basel II AMA (Advanced Measurement Approach). Some travel to the US is required for this role (25%).
  2. Senior Manager, Model Development Counterparty Credit Risk: This area measures Default Loss Risk, wholesale and retail credit parameters. The Senior Manager will be required to quantify and analyze risk exposure characteristics for assigned portfolios/products; develop and apply methodologies to measure a variety of risk exposures or other factors in new or existing credit trading products; and, contribute to risk model development.
  3. Manager, Technical Documentation, Model Development: The Manager, Technical Documentation will oversee the documentation of all methodologies developed within the group and write the methodology documentation covering credit, market, counterparty credit and operational risks. This is a highly quantitative role.

Qualifications:

To meet consideration for these opportunities, you must meet the skill sets, experience and requirements as defined below.

  1. Senior Manager, Model Development (market, credit, operational risk): This position requires a strong statistician with exceptional communication skills as he/she interacts heavily with C-Suite Executives. Programming knowledge of C++ and Matlab required. Masters Degree in Mathematics, Statistics, Actuarial Science or Physics is mandatory. 
  2. Senior Manager, Model Development Counterparty Credit Risk: This position requires solid knowledge of financial derivatives, financial modeling, pricing theory, and market and credit risk management methodologies. Experience developing risk management models mandatory. Exposure to C++, VB, and SAS required. Masters Degree in Mathematics, Physics, Statistics, Finance, Economics or Engineering is mandatory. Exceptional communication skills are required.
  3. Manager, Technical Documentation, Model Development: The successful candidate has to be well grounded as a quantitative analyst and have excellent writing / documentation skills. Experience working as a model developer or vetter in the Financial Services sectors a must. An undergraduate Degree in Mathematics, Physics, Statistics, or Actuarial Science is mandatory for consideration.

To Apply:

If you are looking for a chance to showcase and apply your quantitative and statistical skills at a more senior level, we encourage you to apply today at annemarie.richter@roberthalffsg.com quoting the job reference Market Risk / Model Development (#05091-100494) in the subject line of your e-mail.

About Us:

Founded in 1948, Robert Half International Inc. (RHI) is the recognized leader in professional-level staffing and operates in more than 350 locations in 14 countries throughout North America, Europe, Asia, Australia and New Zealand. Robert Half International is traded on the New York Stock Exchange (NYSE: RHI) and is a member of the prestigious SP 500 Index. Robert Half International again was named to FORTUNE® magazine’s “World’s Most Admired Companies” list, ranking #1 in our industry  (March 19, 2012).

Robert Half Financial Services Group specializes in the placement of full-time, project and interim professionals in the banking, brokerage and investment sectors covering such areas as asset management, commercial lending, corporate finance, compliance, investment analysis and risk management.

Visit us online at www.roberthalffsg.com or contact your local office at 1.800.803.8367 to learn more about how the Robert Half Financial Services Group can assist you.

Robert Half Financial Services Group is an Equal Opportunity Employer.