Come join Home Trust Company as a Sr. Analyst, Market Risk in our Risk team!
Home Trust Company has developed a track record of success as Canada’s leading alternative lender, employing nearly 800 people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of its core residential mortgage lending business, the Company also offers complementary lending services, as well as highly competitive deposit investment products, through Oaken Financial. Our culture has been shaped by the passion and integrity of our people. Home Trust is a private company.
FIRST THING – WHAT YOU NEED TO SUCCEED?
We are looking for individuals who are dedicated, passionate, and driven to execute with excellence!
WE CARE ABOUT OUR EMPLOYEES WELL-BEING, WHAT WE OFFER:
- Base salary, with yearly incentive performance bonus
- Three (3) weeks of vacation, an additional six (6) flex days (sick or personal) in addition to statutory holidays
- Comprehensive benefit packages, offered through Manulife
- Group Retirement Savings Plan (GRSP) up to 8% contribution program & employer match
- $1000 Employee Referral Program
- Employee Discounts; phone plans, gym membership, Toronto Bike Share and many retailer discounts offered through WorkPerks
- Education Assistance program
ABOUT THE ROLE:
The primary purpose of the role is to lead independent identification, measurement, assessment and monitoring of all market related risks (liquidity, structural interest rate, investments, Derivatives) on a company-wide basis. This includes mastering the market risk concepts and contributing to the risk oversight of liquidity model and interest rate risk model, independently measuring and monitoring treasury activities using business intelligence tools, reporting to ALCO and Senior Management, and contributing to the on-going review and revisions to FBoC’s market risk measurement methodologies and technology. This role will play a significant part in the analytical and modelling work related to structured products and derivatives (such as RMBS, ABCP, CMBs, Deposit Notes, Interest Rate Swaps and Bond Forwards).
Risk Management & Compliance, in adhering to applicable compliance obligations, including Privacy, Anti-Money Laundering/Anti-Terrorist Financing and internal Anti-Fraud Policy requirements, must remain the over-arching focus in carrying out one’s responsibilities as outlined below:
Market Risk Measurement and Reporting
- Routinely measure and monitor market risk exposures (structural interest rate risk, liquidity risk, funding risk, investment and counterparty credit risk, etc) using approved methodologies
- Maintain enhanced market risk measurement systems and processes including the Liquidity Model in VBA and Asset and Liability Management System (ALM)
- Report Risk Warning Indicators on daily, weekly and monthly basis, prepare market risk ALCO reports on a monthly basis
- Ensure that market risk measurement systems meet regulatory requirements and industry best-practices
- Perform back testing and stress testing as required
Risk Analytics
- Provide effective review and challenges to lines of business.
- Build Power BI reports on Risk insights and trends.
- Assist with ad-hoc financial analysis and decision support
Model Oversight
- Monitor the model performance for liquidity horizon and IRR treasury system (TBSM)
- Analyse underlying behavioural assumptions and perform annual assumption reviews for liquidity horizon model
- Back testing on IRR assumptions monthly
Independent Valuation of Assets and Liabilities
- Perform valuation of all derivatives and securities (on and off-balance sheet), including liquid assets, investment portfolio, bond forwards, total return swaps and interest rate swaps
- Manage Independent Pricing Valuation guideline
- Prepare quarterly commentary on fair value movements, highlighting key drivers and risks
- Provide backup coverage for middle office functions, including trade capture, daily collateral management and cash management activities
WHAT WE REQUIRE:
- Authorized to work in Canada
- University degree in a quantitative discipline (math, statistics, engineering or economics) or business, post graduate degree
- FRM, PRM, CFA designation is preferred
- 5+ years related experience in a financial institution
- Practical knowledge of leading industry practice and regulatory expectations related to liquidity and market risk measurement and management
- Familiar with OSFI LAR, B12, E23, SMSB guidelines
- Deep knowledge of Balance Sheet cash flows, Asset and Liability management, derivative pricing models and valuation
- Experience in risk modelling/programming
- Proven ability to work both independently and collaboratively within a team environment
- Excellent written / verbal communication and professional maturity
- Strong technical skills in Bloomberg, Excel/VBA, Power BI, database and SQL.
PREREQUISITE: Maintain a positive supportive attitude, help to maintain an inclusive and supportive company culture!
Follow us on LinkedIn: Home Trust Company: My Company | LinkedIn
Top Skills
What We Do
We have been saying “Welcome Home” since the very first day we opened for business. For decades, our team of dedicated professionals has helped people put down roots, even when they thought it wasn’t possible. We have changed the way lending is done in this country and changed countless lives along the way.
Home Trust began in 1977 with a goal to help all Canadians achieve their goals. We have grown to become a leading financial services institution in Canada, but that’s not what matters most to us.
What matters is the mortgage broker who was able to help someone who wouldn’t otherwise qualify for a mortgage to purchase their first home. Or the business for self customer who was able to expand their operations. Or the newcomer to Canada with big dreams of building a new life.
The stories of our customers — those who turn to us, who put their hopes in us, who rely on us every day to find a way forward — are our motivation to succeed.
Visit hometrust.ca to learn how we we’re helping Canadians build their financial future.
