Financial And Model Risk Manager

Questrade Financial Group (QFG) of Companies is committed to helping our customers become much more financially successful and secure.

We are everything a traditional financial institution is not. At QFG, you will be constantly moving forward, bringing the future of fintech into existence. You will be a part of a collaborative team that cares deeply about our mission and each other. Your team members will help you conquer challenges, push boundaries and discover what you are truly capable of.

This is a place where you can explore, discover and learn with continuous growth. As a diverse and inclusive place to work, there are flexible working arrangements so you can unleash your creativity and curiosity with no limits. If you share the same sense of infinite possibility, come shape your future at Questrade.

We’re looking for our next Financial and Model Risk Manager. Could it be you?

Community Trust Company (CTC) is a member of the Questrade Group of Companies (QFG), which currently includes Questrade Inc., QuestEnterprise, Questrade Wealth Management Inc., CTC, Think!nsure Ltd., and Zolo Ventures Ltd.

What’s in it for you as an employee of QFG?

• Paid vacation, personal, and sick days for work-life balance
• Opportunities to contribute to community causes
• Career growth and development opportunities
• Hybrid and flexible work arrangements
• Competitive compensation and benefits packages
• Health & wellbeing resources and programs
• Work with diverse team members in an inclusive and collaborative environment

What’s it like working as a Financial and Model Risk Manager at Community Trust Company?

As the Financial and Model Risk Manager at Community Trust Company, you will play a crucial role in the Enterprise Risk Management program. Reporting to the Director of Risk Management, you will be responsible for overseeing and strengthening controls over financial reporting, managing model risk, and ensuring the effective oversight of treasury and other financial risks.

Need more details? Keep reading...

In this role, responsibilities include but are not limited to:

Financial Reporting

• Assesses the accuracy and completeness of corporate financial reports, reviewing and analyzing for compliance with reporting guidelines and corporate policies, communicating issues and recommended solutions and next steps to management and making recommendations to improve future reporting accuracy.
• Oversee the data integrity of regulatory filings and returns
• Assess the operating effectiveness of the internal controls over financial reporting, regularly
• Ensure cyclical and on demand reporting reviews for internal business partners and regular reporting
• Test for compliance with processes, policies and practices
• Document internal controls and procedures to ensure financial transactions are recorded accurately in the general ledger
• Work effectively with Internal Audit

Model Governance

• Supports the design, review and ongoing enhancement process for the company’s model risk framework and model risk management policy. Ensures relevant model risk processes for model inventory are followed and associated controls are in place
• Supports ongoing governance activities as required including attestations for compliance with model risk policy, regulatory reporting etc.
• Supports business units and others for information requests related to model governance and model inventory
• Ensures that an accurate and up to date inventory of models is maintained and manages the process to ensure accuracy and reliability of model inventory data
• Supports Senior Management and Board Reporting by coordinating and supporting the process for generating model risk reports for the Board and Senior Management
• Manages and designs model risk dashboards, reporting and metrics using information from the company’s model inventory
• Develop and execute comprehensive strategies for model risk management, including validation, monitoring, and ongoing assessments of model performance
• Ensures completeness of the model inventory by supporting the model inventory review process across all areas of the company and relevant model approving committees

Other

• Stay up-to-date with evolving industry standards and best practices
• Conduct control testing to assess the effectiveness of controls and identify areas for improvement
• Monitor and analyze emerging risks in the financial industry, keeping abreast of regulatory changes and industry trends
• Foster a strong risk culture by promoting awareness, training, and communication on risk-related matters

So are YOU our next Financial and Model Risk Manager? You are if you…

• Strong written and communication skills and ability to work collaboratively with stakeholders
• Ability to manage competing deadlines, while producing high quality reporting/policies
• Strong knowledge on databases and systems for model inventory management
• 2+ years of risk management, audit or a related risk identification and reporting function at an OSFI regulated institution
• Strong analytical and problem-solving skills, with the ability to make sound judgments and decisions in complex situations
• University degree in finance, risk management, economics, or a related field; or another advanced degree or designation
• Experience building, enhancing policies and programs associated with Financial Risk Management
• Professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) preferred
• Strong knowledge of internal control design, implementation, testing and documentation and
• Extensive experience in financial risk management, internal controls, and model risk management

Sounds like you? Click below to apply!

At Questrade Financial Group of Companies, with multiple office locations around the world, we are committed to fostering a diverse, inclusive and accessible work environment. This is an environment where individuals are treated with dignity and respect. Here, the unique skills and experience you bring will be valued. You will be supported and motivated, so that you can harness your unlimited potential. Our team reflects the diversity of the communities we serve and operate in. Having a collaborative and diverse team helps us push boundaries to bring the future of fintech into existence—not only for the benefit of our customers, but for those who build their career with us.

Candidates selected for an interview will be contacted directly. If you require accommodation during the recruitment/selection process, please let us know and we will work with you to meet your needs.

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