Director, Enterprise & Financial Risk Management
About the role
Referred applicants should not apply directly to this role.
All referred applicants must first be submitted through Workday by a current Loblaw Colleague.
Location:
500 Lake Shore Boulevard West, Toronto, Ontario, M5V 2V9
When you hire great people, great things can happen.
PC Financial offers unprecedented value to Canadians through payment products. We’re a different kind of bank with a different type of team—we’re collaborative and supportive and have the freedom and responsibility to thrive. Our purpose is to make the everyday simple and better for our customers, and we strive to make every dollar worth more.
Proudly serving over 3 million customers, PC Financial continues to grow by offering payment solutions and services that reward our customers every day. As a subsidiary of Loblaws Company Inc., we share the CORE values of Care, Ownership, Respect and Excellence. We are dedicated to helping Canadians Live Life Well. Join us on our journey.
Role Overview:
We are currently looking for a Director, Enterprise & Financial Risk Management. The Director will lead a five-member team. This role will report into the CRO and will be responsible for leading the enterprise and financial risk oversight program for the Bank.
What you’ll do:
- Execute on strategic risk initiatives - Annual Enterprise Risk Assessment, Risk Appetite and Limit Setting, Stress Testing and ICAAP.
- Lead and facilitate the discussions in ERM committee
- Maintain the Model Risk Management (MRM) program - model inventory management, model lifecycle management and independent validation of material models.
- Conduct independent assessments of credit risk acquisition and limit management strategies.
- Maintain oversight over key risks and controls related liquidity, capital, interest rate risk and securitization activities.
- Maintain and enhance analytical capabilities - including internal risk models and dashboards
- Act as a trusted advisor to senior management in matters relating to financial risks such as loan loss provisioning, capital and liquidity risk management and reporting.
- Prepare Board materials including quarterly risk dashboards and update on emerging risks
- Provide thought leadership to both internal and external stakeholders.
What you Bring:
- University degree in a quantitative field, Economics, Business Administration, Statistics, Mathematics, Computer Science
- 10+ years working in the retail financial industry, credit risk management, data analysis / financial modeling / model validation in OSFI regulated bank.
- Knowledge of credit scoring and risk assessment as well as portfolio management
- Excellent analytical, storytelling, problem-solving and presentation skills.
- A solutions-oriented mindset, critical thinking and sound decision making
- Excellent interpersonal skills to work with multiple stakeholders and garner consensus
- Proficient with statistical analysis and data science software (e.g. SAS, SQL, Python)
- Strong collaboration, influencing, stakeholder management skills
Come and join a winning team who demonstrates innovation, energy, creativity and vision. We recognize the importance of a diverse workforce and we therefor encourage applications from Aboriginal Peoples, women, members of a visible minority and persons with a disability. We thank all applicants for their interest, however, only those selected for an interview will be contacted.
Number of Openings:
1
PC Financial recognizes Canada’s diversity as a source of national pride and strength. We have made it a priority to reflect our nation’s evolving diversity in the products we sell, the people we hire, and the culture we create in our organization. Accommodation is available upon request for applicants and colleagues with disabilities.
In addition, we believe that compliance with laws is about doing the right thing. Upholding the law is part of our Code of Conduct – it reinforces what our customers and stakeholders expect of us.
Please Note: If you have Employee Self Service (ESS) on Workday, apply to this job via the Workday application.
Hiring Range / Échelle salariale à l’embauche :$128,000.00 - $176,000.00 / 128.000,00$ - 176.000,00$ (per year / par an)A candidate’s experience and knowledge as well as the geographical region in which the position is located may be factored into the pay a candidate receives for this position. This posting is for an existing vacancy. The Company uses artificial intelligence for the purpose of screening, assessing and/or selecting applicants for this position. / L’expérience et les connaissances d’un candidat ainsi que la région géographique dans laquelle le poste est situé peuvent être prises en compte dans la rémunération qu’un candidat reçoit pour ce poste. Cette offre d’emploi concerne un poste vacant existant. L’entreprise utilise l’intelligence artificielle dans le but de filtrer, d’évaluer et/ou de sélectionner les candidats à ce poste.
#EN
#SS #LEGAL #ON
About President's Choice Financial
At PC Financial® we are focused on making everyday banking and spending more rewarding for every Canadian. We offer products and services in the following segments:
Payment Cards: The ONLY credit and bank accounts that earn you PC Optimum™ points. PC® Mastercard® credit cards offer PC Optimum™ points for every dollar spent. The PC Money™ Account, operated by President’s Choice Bank, works like a bank account and offers PC Optimum™ points on everyday banking and purchases, with no monthly fee.
Insurance: PC® home and auto insurance are offered through PC Financial Insurance Broker Inc. and relationships with several insurance companies.
Telecom and Gift Cards: The Mobile Shop, PC Mobile prepaid cell phone service, and Gift Cards businesses are focused upon delivering convenience and exceptional value to LCL customers. Loblaw Companies Limited is Canada’s largest food distributor and has expanded into certain non-food categories, with operations across the country. LCL concentrates on food retailing with the objective of providing consumers with the best in one-stop shopping for everyday household needs.
PC Financial® and PC Services are important business units within LCL that manage and develop the products and service programs in order to improve the customer experience, maximize value, and provide a platform to enhance customer insights and relationships.
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Director, Enterprise & Financial Risk Management
About the role
Referred applicants should not apply directly to this role.
All referred applicants must first be submitted through Workday by a current Loblaw Colleague.
Location:
500 Lake Shore Boulevard West, Toronto, Ontario, M5V 2V9
When you hire great people, great things can happen.
PC Financial offers unprecedented value to Canadians through payment products. We’re a different kind of bank with a different type of team—we’re collaborative and supportive and have the freedom and responsibility to thrive. Our purpose is to make the everyday simple and better for our customers, and we strive to make every dollar worth more.
Proudly serving over 3 million customers, PC Financial continues to grow by offering payment solutions and services that reward our customers every day. As a subsidiary of Loblaws Company Inc., we share the CORE values of Care, Ownership, Respect and Excellence. We are dedicated to helping Canadians Live Life Well. Join us on our journey.
Role Overview:
We are currently looking for a Director, Enterprise & Financial Risk Management. The Director will lead a five-member team. This role will report into the CRO and will be responsible for leading the enterprise and financial risk oversight program for the Bank.
What you’ll do:
- Execute on strategic risk initiatives - Annual Enterprise Risk Assessment, Risk Appetite and Limit Setting, Stress Testing and ICAAP.
- Lead and facilitate the discussions in ERM committee
- Maintain the Model Risk Management (MRM) program - model inventory management, model lifecycle management and independent validation of material models.
- Conduct independent assessments of credit risk acquisition and limit management strategies.
- Maintain oversight over key risks and controls related liquidity, capital, interest rate risk and securitization activities.
- Maintain and enhance analytical capabilities - including internal risk models and dashboards
- Act as a trusted advisor to senior management in matters relating to financial risks such as loan loss provisioning, capital and liquidity risk management and reporting.
- Prepare Board materials including quarterly risk dashboards and update on emerging risks
- Provide thought leadership to both internal and external stakeholders.
What you Bring:
- University degree in a quantitative field, Economics, Business Administration, Statistics, Mathematics, Computer Science
- 10+ years working in the retail financial industry, credit risk management, data analysis / financial modeling / model validation in OSFI regulated bank.
- Knowledge of credit scoring and risk assessment as well as portfolio management
- Excellent analytical, storytelling, problem-solving and presentation skills.
- A solutions-oriented mindset, critical thinking and sound decision making
- Excellent interpersonal skills to work with multiple stakeholders and garner consensus
- Proficient with statistical analysis and data science software (e.g. SAS, SQL, Python)
- Strong collaboration, influencing, stakeholder management skills
Come and join a winning team who demonstrates innovation, energy, creativity and vision. We recognize the importance of a diverse workforce and we therefor encourage applications from Aboriginal Peoples, women, members of a visible minority and persons with a disability. We thank all applicants for their interest, however, only those selected for an interview will be contacted.
Number of Openings:
1
PC Financial recognizes Canada’s diversity as a source of national pride and strength. We have made it a priority to reflect our nation’s evolving diversity in the products we sell, the people we hire, and the culture we create in our organization. Accommodation is available upon request for applicants and colleagues with disabilities.
In addition, we believe that compliance with laws is about doing the right thing. Upholding the law is part of our Code of Conduct – it reinforces what our customers and stakeholders expect of us.
Please Note: If you have Employee Self Service (ESS) on Workday, apply to this job via the Workday application.
Hiring Range / Échelle salariale à l’embauche :$128,000.00 - $176,000.00 / 128.000,00$ - 176.000,00$ (per year / par an)A candidate’s experience and knowledge as well as the geographical region in which the position is located may be factored into the pay a candidate receives for this position. This posting is for an existing vacancy. The Company uses artificial intelligence for the purpose of screening, assessing and/or selecting applicants for this position. / L’expérience et les connaissances d’un candidat ainsi que la région géographique dans laquelle le poste est situé peuvent être prises en compte dans la rémunération qu’un candidat reçoit pour ce poste. Cette offre d’emploi concerne un poste vacant existant. L’entreprise utilise l’intelligence artificielle dans le but de filtrer, d’évaluer et/ou de sélectionner les candidats à ce poste.
#EN
#SS #LEGAL #ON
About President's Choice Financial
At PC Financial® we are focused on making everyday banking and spending more rewarding for every Canadian. We offer products and services in the following segments:
Payment Cards: The ONLY credit and bank accounts that earn you PC Optimum™ points. PC® Mastercard® credit cards offer PC Optimum™ points for every dollar spent. The PC Money™ Account, operated by President’s Choice Bank, works like a bank account and offers PC Optimum™ points on everyday banking and purchases, with no monthly fee.
Insurance: PC® home and auto insurance are offered through PC Financial Insurance Broker Inc. and relationships with several insurance companies.
Telecom and Gift Cards: The Mobile Shop, PC Mobile prepaid cell phone service, and Gift Cards businesses are focused upon delivering convenience and exceptional value to LCL customers. Loblaw Companies Limited is Canada’s largest food distributor and has expanded into certain non-food categories, with operations across the country. LCL concentrates on food retailing with the objective of providing consumers with the best in one-stop shopping for everyday household needs.
PC Financial® and PC Services are important business units within LCL that manage and develop the products and service programs in order to improve the customer experience, maximize value, and provide a platform to enhance customer insights and relationships.