Senior Credit Risk Analyst, ERM (Full-Time Temporary Contract) | Great West

Job summary

Independently review internal bond ratings, alternative investments, commercial mortgages, and other transactions, and communicate findings to risk committees and senior stakeholders. Improve credit-risk processes and rating models, conduct research on credit trends, and contribute to Financial Risk Management projects and ongoing team activities.

Job details

Temporary Full TimeA unique opportunity in our global Financial Risk Management (FRM) team to analyze credit risk on fixed income holdings and to also analyze risks on other investments to develop guidance and risk advice for senior stakeholders. Great-West Lifeco is a Canadian headquartered, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. We operate in Canada, the US, the UK and Europe under the brands Canada Life, Empower Retirement, and Irish Life. Our companies have over 30,000 employees, 100,000+ advisor relationships, and thousands of distribution partners – all serving our more than 40 million customer relationships across these regions. The team The Financial Risk Management team provides independent advice to senior management and the Board of Directors, and helps to support the oversight of market, credit and liquidity risks, and investment strategies across our group of companies. We operate as a central function, in a global team across UK, Ireland and Canada. Our team is fast-growing and dynamic, enabling you to draw upon a diverse range of knowledge, experience and skills. We will continually encourage you to develop and excel in all areas of your role. What you will do: Independently reviewing internal bond credit ratings and alternative investments on new and existing transactions for approval by the AVP, Credit Adjudication. Communicate results of the work to risk committees to compliment the risk oversight process. Evaluate the risk rating of proposed new commercial mortgages and bonds to assess whether the current assessment is appropriate and accurate, and the investments are suitable for the portfolio. Support Risk Function with development of effective processes for the identification, assessment, management, monitoring and reporting of credit risks across the Company. This includes streamlining the credit review process and creating efficiencies through automation. Enhancing and testing existing internal rating models to ensure they appropriately evaluate risks and support business objectives Performing independent research on credit risk rating trends and keeping up to date on external credit rating agency’s developments Collaborating in various internal projects as well as the day-to-day activities performed by the Financial Risk team What you will bring: Undergraduate degree in Business Administration, Accountant, other relevant degrees or a relevant professional body risk qualification. Certified Financial Analyst (CFA) and/or Financial Risk Manager (FRM) designations, or progress towards either of these designations is an asset Minimum of 5 years of work experience including credit rating analysis Proactive and self-directed with demonstrated history of creating process efficiencies/automation (basic understanding of programming/AI concepts or experience leveraging AI is a plus) Experience in the understanding of finance and accounting principles Knowledge or interest in financial risk management and investments. Experience with alternative investments (private credit, private equity, real estate, etc.) or reinsurance is an asset. Superior analytical and problem-solving skills Keen eye for detail and strong analytical and problem-solving skills Effective communication skills Technically proficient in Microsoft Office suite, Bloomberg and S&P CapIQ What's in it for you? Rapidly develop your problem solving, relationship-building and communication skills Work on challenging and innovative projects in a dynamic, collaborative and fast-growing team The base salary for this position is between $96,200.00 - $146,200.00 annually. This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc). If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you. Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis. Grow with Great-West Lifeco Great-West Lifeco Inc is a Canadian headquarter, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management, and reinsurance businesses. We operate in Canada, the United States, and Europe under the brands: Canada Life, Empower and Irish Life. At the end of 2024, our companies had over 32,250 employees, 106,000 advisor relationships, and thousands of distribution partners – serving approximately 40 million customer relationships. Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a member of the Power Corporation group of companies. What we offer: We’re committed to supporting our employees through every stage of their career. Here’s what you can expect as a full-time or part-time permanent team member: Career Development: Opportunities for career advancement, access to industry-leading learning programs and up to $2,000 annually towards education reimbursement. Health & Wellness: Flexible health and dental benefits, plus a $5,000 mental health benefit to support your well-being. Time Off: In addition to regular vacation and personal days, we support community involvement with a volunteer day. Financial Security: Company-matching pension plan, share ownership program and additional investment options. Rewards and Recognition: Employee recognition programs, service milestone celebrations, employee discounts and more! Emphasis on Community: We provide a workplace where employees feel connected and supported through Employee Resource Groups (ERGs), mentorship programs, social clubs and events. Learn more about Great-West Lifeco. We’re committed to removing barriers and ensuring equal access to employment. Applicants requiring reasonable accommodation during the application process may contact talentacquisitioncanada@canadalife.com. All information provided will be handled in accordance with applicable laws and Great-West Lifeco policies. #LI-Hybrid

What you’ll do

Independently review internal bond ratings, alternative investments, commercial mortgages, and other transactions, and communicate findings to risk committees and senior stakeholders. Improve credit-risk processes and rating models, conduct research on credit trends, and contribute to Financial Risk Management projects and ongoing team activities.

Requirements

A relevant undergraduate degree or professional risk qualification is required, with at least five years of experience including credit rating analysis; CFA or FRM credentials or progress toward them are an asset. Candidates should have strong analytical, communication, finance, and accounting skills, with experience or interest in financial risk and investments; alternative investment or reinsurance experience and process automation capabilities are advantageous.

Benefits

• Career Development Opportunities
• Education Reimbursement
• Health Insurance
• Dental Insurance
• Mental Health Benefit
• Vacation and Personal Days
• Volunteer Day
• Company-Matching Pension Plan
• Share Ownership Program
• Employee Discounts
• Employee Resource Groups
• Mentorship Programs

Listed skills

• Communication · Preferred
• Microsoft Office · Preferred

Other relevant skills

Identified from the job description. Confirm important requirements above.

• Credit Risk Analysis
• Credit Rating Analysis
• Fixed Income Analysis
• Alternative Investments
• Risk Assessment
• Financial Risk Management
• Credit Adjudication
• Financial Modeling
• Process Automation
• Research
• Analytical and Problem-Solving Skills
• Communication
• Finance and Accounting
• Microsoft Office
• Bloomberg
• S&P Capital IQ
• Credit Risk
• Private Credit
• Business Objectives
• Self-Discipline
• Effective Communication
• Microsoft Excel
• Accounting
• Adjudication
• Asset Management
• Automation
• Mental Health
• Business Administration
• Management
• Investments
• Chartered Financial Analyst
• Commercial Mortgage
• Finance
• Financial Analysis
• Financial Risk
• Fixed Income
• International Finance
• Health Insurance
• Innovation
• Problem Solving
• Market Liquidity
• Mentorship
• Private Equity
• Real Estate
• Reinsurance
• Relationship Building
• Risk Governance
• Streamlining

Job areas

• Finance & Accounting
• Data & Analytics
• Credit Risk Analyst
• Contracts Analyst
• Buyers
• Purchasing Agents, Except Wholesale, Retail, and Farm Products
• Buyers and Purchasing Agents

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