Senior Associate, Risk Analytics

Posted 30 April 2024

Senior Associate, Risk Analytics at Ontario Teachers' Pension Plan

Finance Full-time Toronto

Experience: Not specified
Education Required: Relevant Master’s degree (such as Financial Mathematics, Business/Finance, Economics, Computer Science) is an asset
Salary Range: Not Specified

Close date: 29 May 2024

Apply now

Position Description

Senior Associate, Risk Analytics

The Opportunity

As a Senior Associate in Risk Analytics, you will report to the Senior Manager and support the team in independently monitor and accurately report OTPP’s market and credit risk with a focus on reporting and projects. The candidate will use strong financial product knowledge and risk analysis skills to perform risk attribution analysis and provide insights into risk movements across various dimensions. The Senior Associate, Risk Analytics will actively participate in various initiatives aim to improve the accuracy and efficiency of the fund’s integrated risk system and support monthly risk system upgrade initiatives related to the design, testing and delivery of technology solutions for investment risk.

Who will you work with?

You will collaborate, develop, and maintain relationships with Investment, Risk, Finance, Enterprise Operation, and external vendors. You will work along a team of passionate and efficient risk managers and analysts to constantly challenge status quo and improve the risk reporting practice at OTPP.

What will you do?

  • Perform daily analysis, reporting and monitoring of the fund’s VaR/ETL, Greeks, Backtesting for Active and Asset risk at the total fund level and communicate effectively and timely on all limit breaches and material risk movements to management.
  • Maintain and enhance BI reporting suite and various risk analysis tools developed inhouse to facilitate deeper understanding of risk drivers and changes
  • Identify, analyze, and resolve issues around risk reporting and perform market data quality checks on various data sources and programs.
  • Collaborate with Risk and Enterprise Operation to define and review business requirements around market data, model implementation, workflow design and reporting. Ensure potential implications of each change are understood and issues are triaged appropriately and addressed
  • Review and conduct UAT testing of changes introduced to the enterprise risk system to ensure business requirements are met and risk movements are explained, documented and communicated
  • Ensure internal control processes are documented, continuously updated and train other members of the Risk Analytics team.
  • Collaborate with internal stakeholders on new products and reporting requests utilizing your knowledge of risk measurement to provide valuable insights and guidance.

What we’re offering

  • Pay-for-performance environment that offers competitive salary and incentive
  • Numerous opportunities for professional growth and development
  • Comprehensive employer paid benefits coverage
  • Retirement income through a defined benefit pension plan
  • The opportunity to invest back into the fund through our Deferred Incentive Program
  • A flexible/hybrid work environment combining in office collaboration and remote working
  • Competitive time off
  • Our Flexible Travel Program gives you the option to work abroad in another region/country for up to a month each year
  • Employee discount programs including Edvantage and Perkopolis

At Ontario Teachers', diversity is one of our core strengths. We take pride in ensuring that the people we hire and the culture we create, reflect and embrace diversity of thought, background and experience. Through our Diversity, Equity and Inclusion strategy and our Employee Resource Groups (ERGs), we celebrate diversity and foster inclusion through events for colleagues to connect for professional development, networking & mentoring. We are building an inclusive and equitable workplace where our talent is respected, accepted and empowered to be themselves. To learn more about our commitment to Diversity, Equity and Inclusion, check out Life at Teachers'.

Required Skill / Experience

What will you need?

  • 3+ years’ experience in risk management function at a major financial institution
  • Solid knowledge of risk measurement and derivatives pricing,
  • Solid working knowledge of Excel, VBA, SQL and Python
  • Strong analytical skills and the ability to think through problems, assess a variety of factors and recommend a solution
  • Excellent written and verbal communication skills
  • Experience with change management lifecycle is an asset
  • Experience with FIS Adaptiv is an asset
  • Relevant Master’s degree (such as Financial Mathematics, Business/Finance, Economics, Computer Science) is an asset
  • CFA or FRM designation is an asset

#LI-OTPP, #LI-ER1, #LI-Hybrid

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