Open to any location in Canada (ability to work from a remote office)
Closes February 12

Annual Salary: $73,730 – $101,378

Innovation Federal Credit Union has a bold ambition. In addition to being Canada’s newest Federal Credit Union, we will be the most digital, member-centric organization in our industry. We are on a journey to embrace the core tenants of the digital business model like ideation, the network effect, personalized segmentation, coopetition, and agile ways of working.

We come to work to simplify banking for all Canadians – that’s our purpose.

How does this position help fulfil Innovation’s purpose? Glad you asked!

The Risk Analyst is responsible for providing guidance on market, liquidity, and model risks and addressing issues across the organization. The analyst ensures the implementation of robust risk management practices, develops effective risk mitigation strategies, and maintains compliance with regulatory guidelines.

What our team is looking for:

• A growth mindset that emulates Model, Coach and Care behaviors in every activity and approach
• A solution mindset that feeds inertia
• An ambassador who’s willing to promote our team inside and outside organization
• Somebody who is digitally capable, who wants to dig into new technology with enthusiasm!
• Somebody who can work with occasional ambiguity with focus on process evolution
• A mindset of Solve, Serve, Sell – a problem solver, serving our members directly or indirectly, and selling our brand!
• Somebody to sweat the small stuff, but also see the big picture
• Personality and Energy – a flair for polish, and you bring your own personal, creative touch to everything you do!

What will you do?

• Identify market and liquidity risks through comprehensive analysis of financial markets and instruments.
• Assist in the development, implementation, and maintenance of risk models to support business objectives.
• Prepare and present detailed reports on model risk assessments, findings, and recommendations to senior management.
• Conduct stress testing and scenario analysis to evaluate the resilience of Innovation under adverse conditions.
• Identify opportunities to improve risk management processes and enhance efficiency.
• Support with model validation and maintain thorough documentation of model development and validation processes.
• Conduct financial analysis to assess the impact of market and liquidity risks on Innovation’s financial performance.
• Stay updated with the latest advancements in the financial risk management and incorporate innovative techniques and tools.
• Ensure all risk management activities comply with regulatory requirements and internal policies, practices and procedures.

Some things that would impress us:

• Completion of post-secondary education in a quantitative field such as Statistics, Economics, Mathematics, Engineering, Computer Science.
• 5+ years of financial services industry experience, preferably in market/liquidity risk, ALM, model risk governance/validation.
• Knowledge of financial models to assist in validation and review.
• Certifications such as FRM, CFA, CQF are considered an asset.
• Knowledge of programming languages such as Python, R, SQL and VBA is beneficial.

 

Interested?

Click the ‘Apply now’ button!

Innovation Federal Credit Union acknowledges that Indigenous peoples are the traditional guardians of this land that we call Canada. In Saskatchewan we are on treaty lands and these treaties serve to govern our relationships with Indigenous people. We are dedicated to ensuring that the spirit of Reconciliation and treaties are honoured and respected.