Senior Analyst, Risk Management

Venture outside the ordinary - TMX Careers

The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets.

United as a global team, we're connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress.

Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.

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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 partners 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 Senior Analyst's primary role is to support CDS day to day financial risk activities, reporting and analysis, and to conduct studies, develop and implement risk management tools and contribute to the continuous improvement of risk management policies.

The Senior Analyst will also work closely with other teams within Risk Management.

Key Accountabilities :

Monitor and ensure accuracy of collateral calculations of the CDS' Central Counterparty (CCP), National Securities Clearing Corporation (NSCC) and Depository Trust Company (DTC) services for all participants by analyzing results of the calculation, identifying and resolving discrepancies.

Monitor and respond to results of backtesting of collateral requirements of all central counterparty (CCP) services participant funds and results of backtesting of security haircut rates ensuring proper confidence level is being maintained.

Determine appropriate initial haircut rate for new issues by performing research of price history, industry volatility and IPO prospectus.

Investigate and adjust price history on equities, for example, changes resulting from corporate actions.

Monitor and ensure that all participants issuing money market securities comply with credit standards per the CDS Participant Rules.

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.

Adhere to strict and aggressive unit deadlines for monitoring of collateral calculations.

Ensure all interactions with other departments and our clients are taken care of promptly, tactfully and in a courteous manner.

Quick and decisive resolution of problems and discrepancies that may negatively impact Post Trade Risk Management and the timely documentation and escalation of these sophisticated / critical issues to ensure senior management's immediate action.

Strict adherence to CDS' procedures, risk methodologies and audit requirements.

Assist where necessary and / or advised in a BCP situation.

Must haves :

Postsecondary education in Business, Finance, Mathematics, Statistics or equivalent experience

Min. 2-4 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 with strong attention to details

Strong time management and organization abilities in a high-pressure environment.

Good communication skills both written and verbal

Excellent computer skills (MS Office Suite), knowledge of Crystal Reports and Bloomberg, as well as Google suite of products

Ability to utilize Structured Query Language (SQL) to work with relational database systems

One to three years of programming experience in Matlab or Python

VBA programming experience

Ability to reflect, summarize, and present complex ideas

Nice to Haves :

Master's degree in Financial Engineering or equivalent experience

Working towards FRM (Financial Risk Manager from GARP) or PRM (Professional Risk Manager from PRMIA)

Previous experience in financial services / capital markets industry

Enrolment in CFA (Chartered Financial Analyst) program

In the market for

Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success.

Connection - With site hubs in some of the world's most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.

Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth.

As well, our employee-led Team Impact spreads social good via our giving strategy.

Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger "we".

Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived!

Growth - From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.