The Post Trade risk management team’s mandate is to ensure that all required procedures, models, systems, reporting and governance are in place so that CDS and CDCC financial risks are managed according to TMX risk appetite and policy.
TMX Post Trade’s Risk Management Team utilizes a matrix management structure to conduct first and second line of defense risk management functions for both CDS and CDCC. The risk exposure types managed by the Post Trade Risk Team include credit risk, market risk, liquidity risk, model risk and operational risk. To carry out its mandate, the Risk Team employs sophisticated financial risk models, validation frameworks, risk measurement and reporting systems. The Risk Team collaborates with many internal and external stakeholders including CDS Participants and CDCC Clearing Members, our regulators and our TMX Group partners.
Since CDS and CDCC were designated as systemically important by the Bank of Canada in 2012, TMX Post Trade’s role is to ensure the integrity and stability of the markets that it supports. It further takes the necessary actions to help ensure that the Canadian financial markets meet the G20 commitments.
Reporting to the Manager – Risk Management, the Analyst’s primary role is to support the testing of new financial tools, and to collaborate in the implementation of risk management tools for testing (UAT) and contributes to the continuous improvement of risk management policies. The Analyst will also work closely with other teams within Risk Management.
The Analyst role includes the following functions:
Collaborate with the team members to understand and to challenge the requirements, design, and the testing cycle
Participate in the creation of test cases related to financial risk management tools
Execute/automate non-functional and functional testing
Ensure that application development is in compliance with Risk Management Standards
Troubleshoot and provide support for all test environments
Develop and maintain metrics on participants’ risk levels and prepare analyses summarizing results
Document procedures for financial risk processes, and make recommendations to automate current processes and improve efficiency
Skills and Experience:
A Bachelor degree in Commerce or Finance and three years of relevant experience OR a Master’s degree in finance, financial engineering or the equivalent and one year of relevant experience
Min. 1-3 years of experience in the financial industry with focus on market/financial risk management
Sound knowledge of financial risk management concepts and techniques, such as Value-at-Risk (VaR)
Excellent quantitative and data analysis skills
Excellent software/system troubleshooting skills
Good communication skills both written and verbal
Excellent computer skills (MS Office Suite, Google suite, Matlab and knowledge of SQL)
Nice to Have(s):
Previous experience in financial services / capital markets industry
Sense of organization, focus, persistence and ability to work according to established plan and deadlines
Excellent interpersonal skills and team player
Good imagination and creativity in developing solutions
Good analytical and effective problem solver
Knowledge of Crystal Reports and Bloomberg
Knowledge of Canadian Securities industry
Enrolment in CFA (Chartered Financial Analyst) program
Working towards FRM (Financial Risk Manager from GARP) or/and PRM (Professional Risk Manager from PRMIA)
Le Groupe TMX s’est engagé à créer et à maintenir un milieu de travail empreint de collaboration au sein duquel chacun est traité avec dignité et respect, et qui reflète la diversité de la collectivité où nous exerçons nos activités. Nous mettons en place des mesures d’adaptation pour les candidats et les employés qui en ont besoin.