Senior Analyst, Quantitative 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.

Ready to be part of the action?

The Post Trade risk management team’s mandate is mainly to ensure all required procedures, models, systems, reporting, and governance are in place so that CDS and CDCC financial risks are managed according to the TMX risk appetite and policy. To carry out its mandate, the Risk Team employs sophisticated financial risk models, validation frameworks, and 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.

As a Senior Analyst, you will apply specialized knowledge and experience to the development of new or enhanced clearinghouse risk project activities for internal and external clients. Acting as a subject matter expert related to risk architecture, you will focus on financial risk management in a quantitative role (e.g., market, liquidity, or credit risk measurement and management).

This role reports to: Senior Manager, Quantitative Risk Management

Job Location: Hybrid (2-3 days in office) -we are open to candidates being located in one of our Canadian office locations: Toronto or Montreal

Key Accountabilities

• Risk Architecture & Design: Participate in the design and modelization of the risk architecture in a quantitative role, and collaborate on the integration and implementation related to such activities.
• Model Lifecycle Management: Participate in the entire life cycle of a portfolio of risk models, from the development of monitoring capabilities following industry best standards, to the ability to receive and address effective challenges in a constructive manner.
• Documentation & Governance: Participate in the development of rigorous model documentation, as well as support its delivery to internal risk committees.
• Risk Oversight Support: Support the internal and external lines of defenses in their independent risk oversight (including Risk Oversight, Enterprise Risk Management, Model Vetting, and Regulatory bodies).
• Infrastructure Collaboration: Partner with internal and external IT development teams to create and improve risk system infrastructures and tools.
• Regulatory Compliance: Partner with legal teams for filings related to new rules, rule amendments, and regulatory guidance.
• Stakeholder Experience: Deliver a great customer experience by answering requests from internal and external clients in a timely and thorough manner.

Must Have(s)

• Education: Master’s degree in a quantitative finance discipline such as Finance, Mathematics, Statistics, Economics, or an equivalent field.
• Experience: Minimum of 3 years of experience in the financial industry with a dedicated focus on financial risk management in a quantitative role.
• Technical Skills: Strong experience working with financial data sources, information systems, and programming.
• Product Knowledge: Deep understanding of financial products, with specific expertise in derivative and/or structured products.
• Risk Management Expertise: Solid knowledge of Post Trade Risk exposures, alongside the processes and programs required to measure and manage financial and/or operational risks.
• Communication: Exceptional communication skills (both written and verbal), including the ability to explain, summarize, and synthesize abstract financial concepts.
• Execution & Mindset: Proven ability to execute multiple project tasks and production processes in a fast-paced environment, paired with self-confidence, a positive attitude, and pragmatism.

Salary Range: 90K/year - 100K/year CAD. Please note that the salary range included is a guideline only. The salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

The recruiting efforts for this role are intended to fill a vacant position.

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 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.

Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX ? Apply now.