Analyst, Quantification and Monitoring of the Credit Portfolio

Founded in Montreal in 1846, Laurentian Bank is committed to serving its customers and fostering deep relationships with specialized groups. Laurentian Bank runs operations across Canada – primarily in Québec and Ontario – as well as in the United States and competes where it sees market opportunity and has an edge, while harnessing the power of partnerships and collaboration.

This role sits within Laurentian Bank.

One of the main activities of the modelling team is to develop risk measurement models for the Bank's credit portfolios. The intern will have a unique opportunity to use his/her knowledge of statistics, econometrics and quantitative finance to participate in various projects involving credit risk modelling. In addition to the design of risk models, the incumbent will have the opportunity to improve his/her skills in various other areas, e.g., use of SAS software for statistical analysis and modelling, or knowledge of the regulatory framework in connection with the risk assessment of credit portfolios.

The incumbent participates in developing credit risk assessment models. He or she issues recommendations regarding the requisite changes to these models for the various credit portfolios held by the Bank and its subsidiaries.

The incumbent also analyzes and monitors the performance of credit risk control and quantification models, processes and strategies. He or she is proactive in creating and implementing reports and solutions designed to improve the monitoring and analysis of credit risks. Responsibilities

• Develop quantitative models to assess all parameters for probability of default, exposure at default and loss given default, which are used to calculate regulatory capital and the Bank's collective allowances.
• Present the models to the business lines, take their needs into consideration and ensure compliance. Identify and minimize the potential impacts on credit operations.
• Take part analyzing the performance of current credit holders and the credit quality trend of portfolios.
• Take part in developing, implementing and monitoring all credit risk assessment models.
• Improve credit risk assessment models to ensure consistency and a balance between business needs, risk management and compliance with risk management requirements and good practices.

Qualifications

• Graduate degree in a quantitative field: finance, statistics, econometrics, applied mathematics, actuarial science, economics or any related field
• Minimum 2 to 3 years of relevant experience in credit risk management
• Relevant experience developing credit risk assessment models
• Knowledge of Canadian banking regulations, in particular regulations related to credit risk quantification
• In-depth knowledge of using SQL to operate databases and specialized statistical tools, such as SAS (EG and EM)
• In-depth knowledge of statistical and mathematical methodologies applied to credit risk management (logistic regression, survival analysis, inferencing technique, etc.)
• Ability to influence proposed solutions and innovate
• Ability to simplify and communicate complex ideas
• Knowledge of the banking sector, Canadian credit products and credit risk management tools
• Excellent analytical and problem-solving skills
• Detail-oriented and meticulous
• Focused on teamwork and cooperation
• Bilingual* (English and French)

*Professional working proficiency in French and English languages required as position involves frequent written and oral communication on complex matters with internal and external parties in both languages.

What Laurentian Bank has to offer you

The total compensation offered by Laurentian Bank encompasses a comprehensive range of benefits, highlighting our commitment to the well-being and success of our employees. Here are some of the key points of our offering:

• Total compensation: Earn a comprehensive compensation package that includes annual reviews and performance-based bonuses.
• Work model: We prioritize a hybrid work model based on business needs.
• Stock purchase plan: Become not just an employee, but a Laurentian Bank shareholder. Employer matching takes your investment even further.
• Time off: In addition to paid vacation, we provide floating days and leave options to accommodate the diverse needs of our employees. Plus, as an extra perk, you also get a paid day off to celebrate your birthday.
• Health and wellness: Take care of your health and well-being with access to healthcare professionals, our Employee and Family Assistance Program (EFAP), and a Stress Management and Well-Being Program.
• Group insurance and pension: We offer a competitive insurance program based on your family’s needs and a defined contribution pension plan to help prepare for your future.
• Financial benefits: As a Laurentian Bank employee, you’re also the best ambassador for our products and services. Take advantage of employee-only offers on a wide range of products. Enjoy exclusive deals and preferred rates on products and services including insurance, hotels, train tickets, spas and many more.

We are committed to creating a fulfilling professional environment where your skills are valued, and your well-being is a priority. Join us for a rewarding career at Laurentian Bank.

Inclusion and Accessibility

At Laurentian Bank, we believe everyone belongs. We are committed to fostering an inclusive work environment that reflects the diversity of our customers and our communities and where everyone feels like they belong and can thrive. To this end, we encourage applications from individuals from equity-deserving groups, including Indigenous persons, racialized and persons with disabilities, marginalized genders and the 2SLGBTQIA+ community.

We strive to offer a flexible and accessible work experience that is inclusive of everyone. If at any time you need an accommodation, please let us know.

PIPEDA

We may collect, use or disclose your personal information for the purpose of establishing an employment relationship with you.

We also use artificial intelligence (AI) tools during parts of our recruitment process to support fair and efficient hiring decisions.