Job Description

Location: Montr\xc3\xa9al or Winnipeg

Division: IG Insurance Mortgage & Banking

IGM Financial Inc. is one of Canada\'s leading diversified wealth and asset management companies with approximately $271 billion in total assets under managements. The company provides a broad range of financial planning and investment management services to help more than two million Canadians meet their financial goals. Its activities are carried out principally through IG Wealth Management, Mackenzie Investments and Investment Planning Counsel.

Under IGM Financial\'s unique business model based on leading brands and multi-channel distribution strategy, we\'re IG Wealth Management. For over 90 years of business we have grown to become one of the largest most respected companies in Canada. We are a leader in providing the best advice, experience and outcomes for our clients, personalized throughout their lifetime.

At IG Wealth Management, our vision is to inspire financial confidence.

This is your opportunity to build a career with a leading organization where you can learn, grow and thrive both professionally and personally. We are proud to be recognized as one of Canada\'s Top Employers by Mediacorp Canada Inc. for empowering our employees with the tools to thrive while working remotely, while also providing resources to ensure physical and mental wellness were put front and centre.

You will join a team that that believes our success starts with the success of our clients, while working together as a team to realize our greatest potential. You will join a team that strives towards excellence while developing and sharing skills and knowledge. You can make a difference for our clients, the world around us and be part of a team that cares. We are dedicated to offering a hybrid work environment when applicable.

IG Wealth Management is a diverse workplace committed to doing business inclusively - this starts with having a representative workforce! We encourage applications from all qualified candidates that represent the diversity present across Canada - including racialized persons, women, Indigenous persons, persons with disabilities, 2SLGBTQIA+ community, gender diverse and neurodiverse individuals, as well as all who may contribute to the further diversification of ideas.

The Senior Manager, Risk Analytics is responsible for monitoring mortgage originations and portfolio performance, leading complex analytical assessments and quantifying defaults and credit losses. This individual performs portfolio risk analytics, develops and maintains credit risk models, and works closely with internal stakeholders in leading the areas of governance, reporting and data management.

• Portfolio Risk Analytics

• Develop and maintain dashboards with main KPI on mortgage originations (approval rate, funding rate, GDS/TDS, exceptions, Credit scores, LTV, etc.) and portfolio performance (concentration, delinquency rate, loss rate, refreshed LTV, refreshed scores, etc.)
• Perform and review analyses for ad-hoc requests, and present insights.
• Follow and summarize the state of the macroeconomic environment, propose stress test scenarios.
• Develop improvement proposals for the efficiency and accuracy of the risk analytics.
• Perform and review peer comparison analyses.

• Model Development & Maintenance

• Lead the initiative to develop and implement auto-adjudication models for credit originations.
• Develop and maintain Profitability of Default models (PD), Loss Given Default (LGD), Exposure at Default (EAD) models.
• Lead the assessment of Expected Credit Loss (ECL) and Provision for Credit Loss (PCL)
• Develop and maintain credit risk model and analytics, contribute to stress testing exercises.
• Analyze the effectiveness of models and propose recommendations for improvements where applicable.

• Governance, Reporting & Data

• Lead governance of IFRS 9 (data reconciliation, model implementation, control process, governance, reporting) and associated processes from a data perspective with key stakeholders.
• Present key findings at management forums (Mortgage Risk Committee, etc.).
• Lead the process of establishing the risk appetite framework and promote a risk culture.
• Work with data developers to integrate data from multiple internal and external sources to be used for risk analytics.
• Lead the process of defining and implementing the credit risk data architecture and infrastructure (DataMart).
• Leverage existing programming software (SAS, SQL, Python) and technologies (Tableau, PowerBI) for data discovery, visualization, modelling and reporting.

Education, Experience, Qualification and Job specific knowledge and skills

• Education: Bachelor / Master\'s in Finance, Mathematics, Statistics, Economics
• Experience: 5+ years in a risk management position working in the mortgage industry preferred
• Qualifications (certifications, designations etc.): Professional qualification such as Financial Risk Management (FRM) or Professional Risk Manager (PRM) is an added advantage
• Very strong knowledge of credit risk management methodologies, policies and practices
• Advanced technical understanding (data, modeling, reporting, analytics, etc.)
• Well-developed knowledge and understanding of stress testing and scenario analysis, methodologies, and frameworks
• Autonomy and sense of initiative
• Ability to influence
• Proven problem-solving skills
• Strong organizational and analytical skills
• Understand key components of IFRS9 accounting models, macroeconomic factors and the fundamentals of the mortgage business
• Well-developed knowledge of mortgage lending regulatory environment
• Excellent teamwork, coaching, leadership and relationship building skill
• Strong programming skills (SAS, SQL, Python, VBA)
• Experience with Power BI and other BI tools
• Comfort and experience working in a project environment and managing multiple competing priorities
• Critical thinking skills and ability to work under tight timelines
• Highly effective communication skills, both written and verbal
• Ability to interpret complex data sets and present digestible insights

Please visit our career page by clicking on the following link: https://www.ig.ca/en/careers

We thank all applicants for their interest in IG Wealth Management; however only those candidates selected for an interview will be contacted.

IG Wealth Management is an accessible employer committed to providing a barrier free recruitment experience. If you require an accommodation or this information in an alternate format at any stage of the recruitment process, please reach out to the Talent Acquisition team who will work with you to meet your needs.

Please apply by June 9, 2023.

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IG Wealth Management