Quantitative Risk Analyst
First West Credit Union
Langley, BC
If you believe in the same things we do, let’s talk. First West Credit Union is a tight-knit team of smart, friendly, creative, skillful and passionate professionals spread across British Columbia and beyond. We’ve come together because we believe in making a real difference in people’s financial lives. We believe that keeping things simple, showing leadership, and banking cooperatively can change the world for the better.

We are seeking a Quantitative Risk Analyst to join our team.

The Quantitative Risk Analyst is responsible to design and build methods and models used by First West to identify and accurately measure FW’s risk taking activities. This role will work closely with FW business units/subsidiaries, risk and finance to gain a comprehensive view of First West operations in order to identify and measure systemic risks.

Here’s what would be included as a part of your typical day:
Model Frameworks: Analyzes and develops new model frameworks that support specific business line; refines, monitors and reviews existing models; conducts periodic back testing procedures to validate model assumptions; presents and report model review conclusions and exhibits identified model risks; recommends and/or makes adjustment to models, as required.
Risk Analysis: Researches, collects and stores relevant data for risk analysis and stress testing. Performs quantitative analysis and develops complex reports; performs qualitative and quantitative assessments of all aspect of models including theoretical aspects, model design and implementation as well as data quality and integrity. Makes recommendations based on finding from data analytics.
Risk Management: Works and collaborates with key stakeholders within FW business lines to fully understand the specific Risk business lines and facilitate or enhance their understanding of risk exposures through use of comprehensive risk metrics and techniques. Provides recommendations and solutions to resolve data validation issues. Prepares and analyzes detailed documents for validation and regulatory compliance.
Research: Conducts research on new methodologies and best practices of risk modelling and presents findings for discussion.
Projects: Participates in key corporate project and/or initiatives and provides analytical expertise and support to ensure risks are identified and assessed appropriately.

Required Skills, Experience & Qualifications:
3 years’ experience in a similar role, preferably in a Treasury, Asset Liability Management or Risk Management role within a Financial Institution, large corporation or publically traded company
Preferred, Masters degree in Applied mathematics, Statistics, Econometrics, Financial Engineering, Actuarial Science or similar quantitative field.
Currently pursuing or interested in pursuing FRM, PRM or CFA designation.
Maintain up-to-date knowledge of the requlatory requirements related to risk management (from OSFI, FICOM, Basel, ORSA) with focus on liquidity risk and market risk.
Proficient with computer software applications e.g. SAS, MatLab, R, Python, VBA.
Experience building Risk Models and analytical tools
Proven understanding of financial risks and risk management principles
Demonstrated strong technical writing skills
Proven quantitative analytical skills
Ability to comprehend and translate complex topics to internal stakeholders
Strong organizational and time management skills with the ability to multi-task and meet deadlines
Proven relationship building skills with the ability to communicate verbally, in writing and through presentation to a wide variety of stakeholders at all level within the organization
Why work for us?

Our employees give us a lot and we think it’s only right to give something back. We offer a total rewards package that includes:
A competitive base salary plus performance-based incentive compensation and annual merit pay increases
Flexible benefits as well as retirement benefits
Vacation time, a flexible “Day4U”, and the ability to purchase up to 5 additional flex days
Other financial perks such as waived or reduced financial service fees, reduced rates on personal loans, mortgages, and vehicle leases, and no-interest loans to buy computers or fitness equipment for home useBut most of all, we’re invested in our local communities. Our initiatives are far-reaching with a special focus on raising food, funds and awareness for our local food banks. We volunteer and employees can be provided with paid time off to volunteer their time to assist in serving an organization.
What’s your place in the First West story? Apply now and let’s find out together!

Diversity & Inclusion

First West Credit Union is committed to diversity and inclusion. Our goal is to create an inclusive, accessible environment for our candidates and employees that reflects the communities in which operate. If you require an accommodation for the recruitment or interview process (including alternate formats of materials, accessible meeting rooms or other types of accommodation), please let us know and we will work with you to meet your needs.