Come join Home Trust Company as a Sr. Analyst, Market Risk in our Risk team!
Home Trust Company has developed a track record of success as Canada’s leading alternative lender, employing nearly 800 people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of its core residential mortgage lending business, the Company also offers complementary lending services, as well as highly competitive deposit investment products, through Oaken Financial. Our culture has been shaped by the passion and integrity of our people. Home Trust is a private company.
FIRST THING – WHAT YOU NEED TO SUCCEED?
We are looking for individuals who are dedicated, passionate, and driven to execute with excellence!
WE CARE ABOUT OUR EMPLOYEES WELL-BEING, WHAT WE OFFER:
Base salary, with yearly incentive performance bonus
Three (3) weeks of vacation, an additional six (6) flex days (sick or personal) in addition to statutory holidays
Comprehensive benefit packages, offered through Manulife
Group Retirement Savings Plan (GRSP) up to 8% contribution program & employer match
$1000 Employee Referral Program
Employee Discounts; phone plans, gym membership, Toronto Bike Share and many retailer discounts offered through WorkPerks
Education Assistance program
ABOUT THE ROLE:
The primary purpose of the role is to lead independent identification, measurement, assessment and monitoring of all market related risks (liquidity, structural interest rate, investments, Derivatives) on a company-wide basis. This includes mastering the market risk concepts and contributing to the risk oversight of liquidity model and interest rate risk model, independently measuring and monitoring treasury activities using business intelligence tools, reporting to ALCO and Senior Management, and contributing to the on-going review and revisions to FBoC’s market risk measurement methodologies and technology. This role will play a significant part in the analytical and modelling work related to structured products and derivatives (such as RMBS, ABCP, CMBs, Deposit Notes, Interest Rate Swaps and Bond Forwards).
Risk Management & Compliance, in adhering to applicable compliance obligations, including Privacy, Anti-Money Laundering/Anti-Terrorist Financing and internal Anti-Fraud Policy requirements, must remain the over-arching focus in carrying out one’s responsibilities as outlined below:
Market Risk Measurement and Reporting
Routinely measure and monitor market risk exposures (structural interest rate risk, liquidity risk, funding risk, investment and counterparty credit risk, etc) using approved methodologies
Maintain enhanced market risk measurement systems and processes including the Liquidity Model in VBA and Asset and Liability Management System (ALM)
Report Risk Warning Indicators on daily, weekly and monthly basis, prepare market risk ALCO reports on a monthly basis
Ensure that market risk measurement systems meet regulatory requirements and industry best-practices
Perform back testing and stress testing as required
Risk Analytics
Provide effective review and challenges to lines of business.
Build Power BI reports on Risk insights and trends.
Assist with ad-hoc financial analysis and decision support
Model Oversight
Monitor the model performance for liquidity horizon and IRR treasury system (TBSM)
Analyse underlying behavioural assumptions and perform annual assumption reviews for liquidity horizon model
Back testing on IRR assumptions monthly
Independent Valuation of Assets and Liabilities
Perform valuation of all derivatives and securities (on and off-balance sheet), including liquid assets, investment portfolio, bond forwards, total return swaps and interest rate swaps
Manage Independent Pricing Valuation guideline
Prepare quarterly commentary on fair value movements, highlighting key drivers and risks
Provide backup coverage for middle office functions, including trade capture, daily collateral management and cash management activities
WHAT WE REQUIRE:
Authorized to work in Canada
University degree in a quantitative discipline (math, statistics, engineering or economics) or business, post graduate degree
FRM, PRM, CFA designation is preferred
5+ years related experience in a financial institution
Practical knowledge of leading industry practice and regulatory expectations related to liquidity and market risk measurement and management
Familiar with OSFI LAR, B12, E23, SMSB guidelines
Deep knowledge of Balance Sheet cash flows, Asset and Liability management, derivative pricing models and valuation
Experience in risk modelling/programming
Proven ability to work both independently and collaboratively within a team environment
Excellent written / verbal communication and professional maturity
Strong technical skills in Bloomberg, Excel/VBA, Power BI, database and SQL.
PREREQUISITE: Maintain a positive supportive attitude, help to maintain an inclusive and supportive company culture!
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