Job Description

Job Highlights

City Toronto

Type Direct Hire

Salary $105,000

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About the Company

Our client is a fast-growing Canadian schedule 1 bank. They are looking for a Financial Analyst to assist with developing, updating and maintaining technological business tools, platforms, models and procedures used in the financial result of the organization.

Why Work Here

• Great corporate culture
• High visibility with all levels of the organization
• Company celebrates success
• Opportunity for future promotion

About the Opportunity

• Assist with the creation and maintenance of the database housing the details of the mortgage portfolio
• Reconcile the mortgage data to the core mortgage system
• Work with the Enterprise Systems team when MARS data schemas are modified to ensure continued data feeds
• Maintain the database to the company\'s standards for controls including user access, data integrity and performance
• Deploy data analyst skillset to manage efficiency in the functionally of reports, complex calculations and queries received from executives and others
• Maintain an understanding of the OSFI CAR Guideline for the Capital Risk Weight to be applied to the mortgage portfolio
• Incorporate changes and updates to the Guidelines as required. Provide detailed analysis of the impact of the updates
• Maintain stress testing models for ICAAP including the development of geographic regions with differing stress testing assumptions. This aspect of the role requires liaising with members of the Treasury Department
• Obtain a thorough understanding of the IFRS 9 requirements for the Bank\'s mortgage reserves.
• Support the maintenance of the IFRS ECL methodology
• Incorporate and maintain the forward-looking information into the calculations
• Perform detailed analysis and run stress-testing scenarios to support monthly ECL results
• Provide detailed analysis of the impact of changes as needed based on proposed amendments to the methodology
• Maintain documentation of the process and calculations
• Key member for ECL support in the Bank\'s enterprise mortgage system (MARS)
• Capture and incorporate CREA monthly real estate market activity into the ECL methodology
• Maintain and align funded data with real estate boards at the city/FSA level
• Provide market analysis in the assessment of the mortgage portfolio LTVs and resulting reserves

About You

• CPA is an asset
• Related working experience within banking and lending industries
• Financial analysis/modelling (ie situational analyst, market analysis) experience

Salary Range

$90,000 to $105,000/year

How to Apply

Click the \xe2\x80\x9cApply Now\xe2\x80\x9d button and follow the instructions to submit your resume. Please know that we only accept documents in MS Word or Rich Text formats. When referencing this job, quote #367299.

You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client\'s requirements for this role.

Lannick