When you’re passionate about what you do and where you work, the rest comes easy. That’s the culture at Central 1 Credit Union, and that’s precisely what we’re looking for from you. Supporting nearly 150 member credit unions across British Columbia and Ontario, we’re the backbone of the credit union system in both provinces – taking care of everything from online services and product development, to payment processing, trade association services and more.

Our team of over 600 employees represent some of the most innovative, passionate individuals you’ll ever meet; people who honestly care about the organization, its members and each other. In other words, people who love what they do.

As the Credit and Counterparty Risk Analyst, you'll primarily be responsible for conducting research, and performing economic and financial analysis in order to assess existing and emerging credit risk associated with the various business line portfolios.  The successful candidate will be required to research, interpret, and format information from economic, internal databases and various internet sources to develop risk modelling and potential new business opportunities.

The Credit and Counterparty Risk Analyst must  have a full understanding of Central 1 credit risk policies, procedures, and standards, with continued development of specific business lines supported, (through acquisition of individual authority limits) including unique credit arrangements and risk management concerns.

Please note that the position is based in Mississauga, but given Central 1’s mandate, its scope will encompass both British Columbia and Ontario. This is a developmental role that will have some requirements around review, concurs, withhold concurrence or grant conditional concurrence, and/or escalate with recommendation for credit adjudication in the various portfolios.

Specific Accountabilities:

• Responsible for independently researching and interpreting information from various external and internal sources, formatting the information in an appropriate manner in order to provide guidance in credit risk analytics
• Develop and implement table top models/scenarios for existing and emerging risks that can be used in simulation exercises as part of a broader risk framework
• Responsible for supporting the improvement of proper metrics for the calculation of Expected Loss and Unexpected Loss, matching the specific risk characteristics of the existing business line portfolios
• Work collaboratively with the various business lines in order to improve operational efficiencies and develop business assessment criteria leading to policy and guideline input that will support the revenue generation of the various business lines
• Support monitoring and reporting either internally to the Board, Executive Management, and various committees or externally to auditors and regulators
• Acquire specific delegation limits to "concur" or not on line of business credit applications and processes
• The position is to be utilized as a progression position into Risk Management in order to satisfy career progression and the long term succession planning within Credit and Counterparty Risk Management which will include credit adjudication

• The position requires an undergraduate degree in commerce, business studies, economics, finance, mathematics, or another quantitative subject. Degrees in other subjects may be considered if the candidate can demonstrate competence in quantitative and/or business areas, either through formal education or through work experience.
• Demonstrated achievement towards an accounting, business, or CFA designation.
• 3-5 years experience in a role related to finance and/or credit risk is required.
• Familiarity with treasury and/or investment activity is essential. 
• An understanding of IFRS 9 (International Accounting Standards) and their correlation to Expected Loss calculations.
• Proficiency in MS Office, including advanced ability in Excel is required. Able and willing to develop an understanding of new systems and technology.
• Ability to synthesize and distil information from a number of written, verbal, and online sources.
• Excellent writing skills are essential including the ability to
  rapidly produce high-quality written analysis that does not require
  editing.
• Demonstrable strong and accurate quantitative skills as well as financial modelling skills are required.
• Demonstrated ability to formulate ideas, present and defend arguments in a diplomatic manner with calm, reason and logic.
• A strong desire and ability to learn and develop new skills as part of succession planning are fundamental to the position.
• Self-motivated and able to work independently towards deadlines with efficiency and flexibility.
• Sensitive to the business needs of Central 1 and be able to cooperate cross functionally with other front- and back-office units in a professional, collegial, open-minded and respectful manner.
• On top of rigorous analytical capabilities, the key requirement for this position is flexibility: flexibility to responsively meet the business needs of Central 1 and the credit union system, flexibility to develop along with the evolution of the unit, and flexibility to cope in a rapidly changing environment.

As much as we believe in working hard, we also believe in personal growth and taking time for ourselves. Accordingly, our total rewards philosophy amounts to one of the best compensation and benefits packages in the industry – from performance-based incentives and extended benefits, to training and education reimbursements and ample vacation time.

Central 1 is committed to diversity and inclusion. If you have a request for a disability-related accommodation, we will work with you to meet your needs.

Reporting to: Director, Credit and Counterparty Risk

Grade:  D1

Date Posted: May 8, 2018

Internal applicants must apply by May 15, 2018

*Unsolicited resumes from vendors will not be accepted for this or any position at Central 1*