Top Benefits
About the role
We are hiring for this position out of our Toronto office. A successful candidate who applies outside of this area will be expected to relocate and reside in a location that is within a commutable distance.
Role Overview This is a critical second-line role, working closely with Credit Risk Management and Finance and will report to the AVP of Credit Risk Modelling. The role will focus on calculating credit loss provisions for the loan portfolio in accordance with IFRS-9 requirements. The individual will use quantitative methodologies for expected credit loss (ECL) and be responsible for running ECL results for the portfolio on at least a quarterly basis. Additionally, they will perform investigations to understand the changes in ECL provisions and the associated causes.
Another key aspect of the role will be running forecasted macroeconomic scenarios and the associated weightings needed for IFRS-9 ECL provisions, as well as for stress testing purposes. Additionally, they will run periodic climate scenario updates to determine portfolio exposures.
This is an excellent opportunity for an experienced risk professional with strong modelling and data skills that would relish the challenge of running an end-to-end ECL calculation and governance process for quarterly financial reporting and stress testing.
Qualifications
- 5+ years of experience working in quantitative risk management (including time spent in relevant academic research), with a primary focus on designing and implementing financial, credit, and macroeconomic models.
- Minimum Education/Qualifications: Master's degree in a quantitative discipline; CFA or FRM required.
- Expertise in time series econometric modelling, with experience coding and calibrating ARIMA-X time series models and troubleshooting numerical calibration algorithms with time series data.
- Experience working with credit portfolio data at financial institutions and actively resolving data governance challenges across multiple departments.
- Data governance skills with experience in managing large borrower/loan data sets from multiple source systems.
- Experience implementing IFRS-9 time series models for FLI, resolving specification issues, and analysing quarter-over-quarter changes in results.
- Excellent time management skills with the ability to balance quarterly reporting requirements alongside complex multi-quarter projects like ICAAP.
Day-to-Day Responsibilities
- Running ECL models on a quarterly basis.
- Managing of economic forecasts and inputs required for models.
- Running and documentation of stress scenarios.
- Preparing stressed ECL results for ICAAP.
- Support on governance process for forecasting and provisioning.
- Tracking of loan performance data across portfolios over time.
- Running and maintaining of data sets required for Climate Risk reporting on the lending portfolio.
- Conducting analysis of change of ECL results quarter-over-quarter; being able to distinguish the separate impacts of portfolio migration and changes in FLI on aggregate ECL results.
About Us Peoples Group is a boutique financial institution with offices located in Vancouver, Calgary, Toronto, and Montreal that has been in the Canadian marketplace for over 35 years. Our mission is to exceed our customers' expectations by providing exceptional customer service backed by extensive product knowledge and experience.
Our culture here at Peoples Group is formed by our values: Trustworthy, Creative, Willing. We believe people don't choose a company to work for, they choose a company to join. We prioritize risk-based practices and procedures in order to remain risk intelligent and compliant. We value people, building relationships, and focusing on strengths; we execute with passion.
About The Work Environment Peoples Group offers a flexible and hybrid work environment. In this role you will work a combination of in-office and remotely from home. Typically, you'll be working regular business hours, Monday to Friday between 8:00am and 4:30pm with flexibility around start/end times.
We Offer
- A hybrid work environment, enabling you to balance your personal and professional life seamlessly.
- Competitive salaries, profit sharing, RRSP matching and benefits from day one.
- Generous paid time off to help achieve a healthy work-life balance.
- A strengths-based approach, ensuring we work together more effectively.
- A commitment to your well-being in five key areas: Financial, Physical, Social, Career, and Community.
NOTE: This job posting is for an existing vacancy. Peoples Group is an Equal Employment Opportunity employer. Please accept our utmost appreciation for your interest; however, only those applicants under consideration will be contacted.
We value and celebrate individuality while fostering an inclusive workplace for everyone. If there's any way we can support or accommodate you during the selection process, please don't hesitate to let us know.
About Peoples Group
Peoples Group has been providing a tailored suite of financial solutions and delivering world-class customer interactions, since 1985. Over the years, we’ve thoughtfully expanded our product and service offerings based on customer needs. We expect to continue this successful journey in the years to come. We have grown substantial market share in the insured commercial lending space and are the leading issuer of prepaid payment cards in Canada, as well as an innovative merchant acquirer. We are an entrepreneurial organization that excels at customizing solutions to fit the needs of our clients. As a trusted partner of many fintechs, we have a proven track record of providing tools and guidance so they can realize their success.
Today, Peoples Group has 455+ employees and operates nationally in Vancouver, Calgary, Toronto and Montreal. Our success comes from our employees who bring our vision and values to life. By valuing people, building relationships, and focusing on strengths, we execute with passion.
And we mean it. We live our vision and values every day by being Trustworthy, Willing, Creative. What does this look like? We believe everyone has strengths that make them unique and are their greatest opportunity for success. We focus on strengths, the strength of our employees, the strength of our customers and build from there.
Focusing on strengths allows our company to be best positioned to build on our other two values: Relationship Building and Passionate Execution. Working at Peoples has a community feeling, where people care about each other and display pride in their work. At Peoples, every employee, at all locations and levels, is empowered to make an impact and contribute ideas.
Top Benefits
About the role
We are hiring for this position out of our Toronto office. A successful candidate who applies outside of this area will be expected to relocate and reside in a location that is within a commutable distance.
Role Overview This is a critical second-line role, working closely with Credit Risk Management and Finance and will report to the AVP of Credit Risk Modelling. The role will focus on calculating credit loss provisions for the loan portfolio in accordance with IFRS-9 requirements. The individual will use quantitative methodologies for expected credit loss (ECL) and be responsible for running ECL results for the portfolio on at least a quarterly basis. Additionally, they will perform investigations to understand the changes in ECL provisions and the associated causes.
Another key aspect of the role will be running forecasted macroeconomic scenarios and the associated weightings needed for IFRS-9 ECL provisions, as well as for stress testing purposes. Additionally, they will run periodic climate scenario updates to determine portfolio exposures.
This is an excellent opportunity for an experienced risk professional with strong modelling and data skills that would relish the challenge of running an end-to-end ECL calculation and governance process for quarterly financial reporting and stress testing.
Qualifications
- 5+ years of experience working in quantitative risk management (including time spent in relevant academic research), with a primary focus on designing and implementing financial, credit, and macroeconomic models.
- Minimum Education/Qualifications: Master's degree in a quantitative discipline; CFA or FRM required.
- Expertise in time series econometric modelling, with experience coding and calibrating ARIMA-X time series models and troubleshooting numerical calibration algorithms with time series data.
- Experience working with credit portfolio data at financial institutions and actively resolving data governance challenges across multiple departments.
- Data governance skills with experience in managing large borrower/loan data sets from multiple source systems.
- Experience implementing IFRS-9 time series models for FLI, resolving specification issues, and analysing quarter-over-quarter changes in results.
- Excellent time management skills with the ability to balance quarterly reporting requirements alongside complex multi-quarter projects like ICAAP.
Day-to-Day Responsibilities
- Running ECL models on a quarterly basis.
- Managing of economic forecasts and inputs required for models.
- Running and documentation of stress scenarios.
- Preparing stressed ECL results for ICAAP.
- Support on governance process for forecasting and provisioning.
- Tracking of loan performance data across portfolios over time.
- Running and maintaining of data sets required for Climate Risk reporting on the lending portfolio.
- Conducting analysis of change of ECL results quarter-over-quarter; being able to distinguish the separate impacts of portfolio migration and changes in FLI on aggregate ECL results.
About Us Peoples Group is a boutique financial institution with offices located in Vancouver, Calgary, Toronto, and Montreal that has been in the Canadian marketplace for over 35 years. Our mission is to exceed our customers' expectations by providing exceptional customer service backed by extensive product knowledge and experience.
Our culture here at Peoples Group is formed by our values: Trustworthy, Creative, Willing. We believe people don't choose a company to work for, they choose a company to join. We prioritize risk-based practices and procedures in order to remain risk intelligent and compliant. We value people, building relationships, and focusing on strengths; we execute with passion.
About The Work Environment Peoples Group offers a flexible and hybrid work environment. In this role you will work a combination of in-office and remotely from home. Typically, you'll be working regular business hours, Monday to Friday between 8:00am and 4:30pm with flexibility around start/end times.
We Offer
- A hybrid work environment, enabling you to balance your personal and professional life seamlessly.
- Competitive salaries, profit sharing, RRSP matching and benefits from day one.
- Generous paid time off to help achieve a healthy work-life balance.
- A strengths-based approach, ensuring we work together more effectively.
- A commitment to your well-being in five key areas: Financial, Physical, Social, Career, and Community.
NOTE: This job posting is for an existing vacancy. Peoples Group is an Equal Employment Opportunity employer. Please accept our utmost appreciation for your interest; however, only those applicants under consideration will be contacted.
We value and celebrate individuality while fostering an inclusive workplace for everyone. If there's any way we can support or accommodate you during the selection process, please don't hesitate to let us know.
About Peoples Group
Peoples Group has been providing a tailored suite of financial solutions and delivering world-class customer interactions, since 1985. Over the years, we’ve thoughtfully expanded our product and service offerings based on customer needs. We expect to continue this successful journey in the years to come. We have grown substantial market share in the insured commercial lending space and are the leading issuer of prepaid payment cards in Canada, as well as an innovative merchant acquirer. We are an entrepreneurial organization that excels at customizing solutions to fit the needs of our clients. As a trusted partner of many fintechs, we have a proven track record of providing tools and guidance so they can realize their success.
Today, Peoples Group has 455+ employees and operates nationally in Vancouver, Calgary, Toronto and Montreal. Our success comes from our employees who bring our vision and values to life. By valuing people, building relationships, and focusing on strengths, we execute with passion.
And we mean it. We live our vision and values every day by being Trustworthy, Willing, Creative. What does this look like? We believe everyone has strengths that make them unique and are their greatest opportunity for success. We focus on strengths, the strength of our employees, the strength of our customers and build from there.
Focusing on strengths allows our company to be best positioned to build on our other two values: Relationship Building and Passionate Execution. Working at Peoples has a community feeling, where people care about each other and display pride in their work. At Peoples, every employee, at all locations and levels, is empowered to make an impact and contribute ideas.