Risk Analyst, Data Management and Analytics
Equitable Bank
Toronto, ON
If you're looking for a workplace where employees are passionate about their work environment, then read on. What sets Equitable Bank apart from other companies is its culture. We celebrate and embrace the fabric of diversity, the employee engagement process and collectively take pride in our business successes. Our commitment to our customers, our partners and our employees creates a stimulating and exciting atmosphere that generates innovative products and outstanding service quality.

Equitable Bank is Canada's ninth largest independent Schedule I bank, serving Canadians coast to coast. It offers a diverse suite of residential lending, commercial lending and savings solutions, including high-interest savings products and GICs. Through its proven branchless approach and customer service focus, Equitable Bank has grown to approximately $25 billion in assets under management. Most recently, Equitable Bank launched a digital banking operation, EQ Bank, and introduced the EQ Bank Savings Plus Account. Equitable Bank currently employs over 600 employees across the country.

Within Equitable Bank's Core Lending business, Single Family Lending Services funds mortgages for owner-occupied and investment properties across Canada, while Commercial Lending Services provides mortgages on a variety of commercial properties on a national basis.Equitable's Securitization Financing business originates and securitizes insured residential mortgages under the Canada Mortgage and Housing ("CMHC") administered National Housing Act.Equitable Bank also offers a range of deposit products including short-term, long-term and Cashable GICs, available in non-registered or Tax Free Savings Account ("TFSA") across Canada. And it offers a High Interest Savings Account, available from authorized investment advisors through the FundServ network.

Equitable Bank is a growing Canadian financial services business and a wholly owned subsidiary of Equitable Group. It was founded in 1970 as The Equitable Trust Company.

Job Title: Risk Analyst, Data Management and Analytics
Department: Risk Capital and Analytics (RCA)
Reports To: Senior Manager, Risk Analytics and Reporting

Purpose of Job

The Analytics group within RCA is responsible for data development, quantitative analysis to support enterprise initiatives within the Bank (AIRB, IFRS 9), stress testing, management and regulatory reporting related to credit performance portfolio, and help to achieve operational efficiencies. This role is a multi-faceted one, as responsibilities include database management, programming and quantitative analysis.

The incumbent will be instrumental in fostering the relationship with Model Development, including developing, managing, and answering all enquires related to the data development sets. The individual will be responsible for producing reports and analytics for Risk Management including running internal processes within the Risk data-mart. Furthermore, the individual will provide analytics to support enterprise initiatives including AIRB and IFRS 9.

Main Activities:
Maintain and enhance RCA’s existing SQL database (50%)
  • Provide support to Model Development in producing data development sets for ICAAP, AIRB, and IFRS 9.
  • Maintain relationship with Model Development, answering all enquiries related to the data development set including back-testing and model performance monitoring.
  • Instrumental in maintaining RCA production environment, including developing, updating, and promoting code from Test to Production environment
  • Provide support to other Risk Analytics staff by running SQL procedures, building integrity and control checks prior for the use of internal Analytics
  • Continue to enhance and become a SME in databases including stress testing, ECL engine for IFRS 9, and LGD/PD related to enterprise initiatives.
  • Continue to enhance and become a SME in databases including stress testing, ECL engine for IFRS 9, and LGD/PD related to enterprise initiatives.
  • Ensure all processes and associated controls are documented and adheres to Bank’s Data Governance Policy
  • Maintain a code library for regular/routine queries
Provide analytical support for Department and Enterprise Initiatives (40%)
  • The position provides support and service to other Risk Analytics team members on analytics related to IFRS 9, AIRB, and regulatory capital.
  • Provide Analytics to external and internal stakeholders to support Business decisions on existing and new credit products including Retail and Corporate Mortgage portfolio, HELOC, Equipment and Financing.
  • Contributor in a series of quantitative analysis including insights on IFRS 9 trending, shifts in capital allocation from regulatory capital, and quarter-end ad-hoc requests for Sr. Management.
  • Challenge status quo by building a series of analysis to support Risk Management initiatives.
  • Work with Risk Management leaders to build a series of analysis and reports in Tableau, creating visual displays of quantitative information.
  • Build solutions to measure key credit risk metrics for internal portfolios.
Help identify data needs (10%)
  • Liaise with internal (RCA) and external partners (within the Bank) in identifying data needs and ensure high level of service is maintained at all times
  • Carry out gap analysis of missing data fields
  • Prepare work requests and liaise with IT data warehouse team to capture and transfer data into RCA’s database
Skills/Knowledge Requirements:
  • University education (undergraduate), with a focus on math and/or computer science
  • 1 to 3 years of experience in programming
  • Strong programming experience and database management knowledge using SQL are needed
  • Strong skills in problem solving, logical thinking, process building and analytics
  • Keen interest in financial markets and financial engineering, strong desire and ability to learn new financial concepts
  • Demonstrated understanding in risk management concepts (i.e. AIRB, Regulatory Capital, credit risk, and mortgages ) is an asset
  • Knowledge of Risk Models (PD, LGD, EAD), and credit risk modeling concepts.
  • Knowledge in Matlab and or SAS is an asset.
  • Knowledge and experience of Data Governance will be helpful
  • Ability to collaborate with various functional support groups
  • Excellent interpersonal and communication skills both written and verbal
  • Ability to pay attention to details
  • Possess good business acumen
  • Strong believer in quality and excellence
Equitable Bank is an equal opportunity employer and encourages applications from all qualified candidates. Accommodations are available on request for candidates taking part in all aspects of the selection process. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.