Location(s): Help Headquarters
Job Type: Full Time Regular
myWork Program: Hybrid
Starting Salary Range: $82,900.00 - $118,000.00
Background Screening Requirement: - Enhanced Criminal Record Check
- Credit Check
- Identity Verification
- Employment Verification
- References
Job Purpose The Senior Quantitative Risk Specialist leads the development, implementation readiness, validation support, and ongoing monitoring of credit risk models, with primary focus on commercial credit scorecards, commercial risk rating models, Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) models for commercial lending portfolios. The role supports the modernization of the commercial risk rating system and expected loss analytics by building transparent, well-documented, and fit-for-purpose models aligned with Coast Capital's internal policies, model risk management standards, regulatory expectations, and stakeholder needs.
This is a high-impact opportunity to help build a foundational internal commercial credit risk modelling capability at Coast Capital. The role offers meaningful technical depth, exposure to senior stakeholders, and the opportunity to influence commercial lending decisions, risk monitoring, pricing, and portfolio management through transparent and well-governed models. This role will initially focus on the development and implementation of an internal commercial credit scorecard/risk rating capability that supports commercial lending decisions, risk monitoring, pricing strategies, and portfolio risk management.
This role is hybrid remote, with occasional in-office attendance based on business needs. The role may be based out of our Surrey office at 9900 King George Blvd, Surrey, BC, or our Toronto office at 181 Bay Street, Toronto, ON. The team currently meets in office approximately 1-2 times per month at most.Accountabilities - Lead the development, calibration, testing, documentation, monitoring, and enhancement of PD, LGD, and EAD credit risk models, with primary focus on commercial credit scorecards and commercial portfolio risk rating models.
- Develop and execute commercial model build activities, including data foundation, segmentation, default logic, methodology design, calibration, parallel run support, validation remediation, implementation readiness, and transition to ongoing monitoring and governance.
- Prepare model documentation, monitoring reports, validation responses and issue remediation materials, and presentations for senior management and governance committees.
- Support IFRS 9/ECL, stress testing, and expected loss model analysis involving PD, LGD, EAD, recovery data, loss data, assumptions, recalibration, and portfolio-level insights.
- Collaborate with stakeholders across Credit Risk, Lines of Business, Model Validation, Finance, Technology and Commercial Lending teams to ensure models are explainable, governed, and fit for business use.
- Support ongoing monitoring, performance assessment, recalibration, and enhancement of commercial risk rating models following implementation.
Skills & Qualifications - 4-6+ years of experience in credit risk modelling, quantitative analytics, model development, validation, or related financial risk disciplines.
- Strong knowledge of PD, LGD, EAD, IFRS 9/ECL, stress testing, commercial credit scorecards, risk rating methodologies, and model governance.
- Hands-on experience with credit risk scorecards development and risk rating models and systems.
- Advanced Excel, Python, and SQL skills.
- Strong analytical, communication, documentation, stakeholder management, and problem-solving skills.
- Ability to communicate technical concepts effectively to both technical and non-technical audiences.
- Bachelor's degree in a quantitative field such as mathematics, statistics, finance, economics, computer science, engineering, actuarial science, data science, or a related discipline required.
- Direct experience developing commercial credit scorecards or commercial risk rating systems is preferred.
- Experience with commercial lending portfolios, including commercial real estate, business lending, operating lines of credit, or mid-market lending, is considered an asset.
- Experience with Git, SharePoint-based version control, data pipelines, cloud platforms, or big-data environments is considered an asset.
- Working knowledge of OSFI regulatory requirements and IFRS 9/ECL guidance.
- Master's degree and FRM, PRM, or similar designation preferred.
Equity, Diversity & Inclusion at Coast Capital Don't meet every single requirement? At Coast Capital, we believe everyone has potential. We are committed to building better, brighter, more inclusive futures for everyone - including our employees. We see the potential in our employees to achieve amazing things and want to invest in your future. If you're excited about this career opportunity and your experience may not perfectly align with every qualification in this job posting, we still encourage you to apply. You may be just the right candidate for this or other opportunities at Coast Capital.
At Coast Capital, we are committed to equity, diversity and inclusion. We strongly encourage applications from Indigenous Peoples, Black, and racialized persons, persons with disabilities, people of diverse sexual and gender identities and women. We value applicants who have demonstrated a commitment to equity, diversity and inclusion and recognize that diverse perspectives, experiences and expertise benefit of our employees, our members, and our community.
Coast Capital is committed to providing an accessible recruitment experience. If you are a candidate with a disability and require accommodation(s) during any stage of the recruitment process, please contact us at accessibility@coastcapitalsavings.com or 778-391-5836. This contact is intended solely for inquiries or feedback related to accessibility barriers, accommodation requests or alternate format requests. We will work with you to ensure your needs are met. You will only receive a response to inquiries related to these topics.
Why join Coast Capital Savings?
- Purpose is our North Star. We look at everything through our purpose. It informs the advice we provide our members, the experiences and products we create, and the programs we build to support our employees and communities.
- Committed to inclusion and engagement. We have an ongoing focus on equity, diversity, and inclusion and routinely track how we're doing, and what we need to do to keep improving. We foster a culture where everyone can feel safe to be who they really are and thrive.
- A career that grows with you. We believe in developing our people and promoting from within. Many employees have spent decades, and sometimes their entire careers, with Coast Capital and have progressed from the frontlines to senior leadership.
- Work where you're most effective. In 2020 the world changed, and that includes how we work. In response to COVID-19 we launched myWork, which gives employees flexibility in where they work based on the nature of their role.
- Benefits that flex to the needs of you and your family. We offer comprehensive, customizable benefits for you and your family, so you can choose what fits best for you and your lifestyle.
- Retirement options. We also take care of our employees once they retire. That's why we offer the choice of a defined contribution or defined benefit pension plan or RSP's.
- Mortgage and auto financing benefits. Employees save thousands on their mortgages and auto loans with best-in-category benefits.
- Real Recognition. We recognize excellence throughout the year, through an online community that lets employees give kudos and thanks throughout the year. We're human, which means we like to have fun with events, celebrations, and recognition throughout the year.
- An award winning culture. We're a Platinum member of Canada's Best Managed Companies and are regularly recognized by Canada's Most Admired Corporate Cultures and the BC Top Employers Awards.
- We reinvest 10% back into the community. When we do well, our communities do well. That's why since 2000 we've invested over $90 million into our member's communities.
- Double your impact. Through our employee volunteer program, Coast Capital donates $10 for every hour you volunteer to a Canadian charity or non-profit of your choice.
D&I at Coast At Coast Capital, we value diversity, equity and inclusion. We're not all the same and we like it that way. We don't just accept differences - we celebrate, support, and we thrive on them for the benefit of our employees, our members, and our community. We are committed to building a team that represents a variety of backgrounds, perspectives, and skills.
