Financial Engineer (Level 16 or 18 )

Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC offers financial products and knowledge to help Canadian businesses confidently enter new markets, reduce financial risk, and grow their business.

When you join our team, you’ll be helping Canadian businesses learn the endless possibilities that open to them through export and help bring their vision, passion, and innovation to the world. Your knowledge and expertise will support more than 25,000 Canadian businesses and their customers in as many as 200 markets worldwide. You’ll work amongst the best and brightest in an inclusive, collaborative environment that fosters professional development and success. And you’ll know that you’re making an impact every day – for businesses, for Canada and for the people you work with.

Are you ready to make an impact? Join EDC, recognized as a Top 100 and Top Family-Friendly Employer, as we take on the risk so Canadian businesses can take on the world.

Overview

The Market and Liquidity Risk (MLR) team (within the Risk Quantification group) ensures that EDC's market, liquidity and counterparty risks are measured, reported, and understood in order to promote effective decision making. MLR helps assist EDC in navigating the increasingly volatile risk environment by providing information relating to risk management, developing best practices in Asset Liability Management and Treasury portfolio risk management, and reporting on securities and financial derivatives valuation, policy positions and more. The successful incumbent will assist in the design and delivery of best-in-class asset/liability management solutions, with the objective of making market risks transparent to key stakeholders.

Key Responsibilities

• Provides fair market valuation of EDC’s financial instruments (loans, treasury securities and derivatives). Validate the values generated by EDC’s derivative pricing models to an independent benchmark and recommend improvements.
• Maintain, monitor, and update market risk models, ensuring compliance with EDC’s Model Risk Management policies. Collaborate on model validation activities, ensuring accuracy and reliability.
• Working knowledge of the impact of implementing new financial instruments and strategies with respect to risks, policies, procedures, technology, and processing.
• Provides support for the quantification of market, liquidity and counterparty risk;
• Measures, monitors and reports adherence to market, liquidity and counterparty risk policy and procedural limits;
• Produces management reports related to interest rate and foreign exchange risks, economic capital, Value-at-Risk, duration, asset and liability gaps and more;
• Assists in the management of a collateral program and assessment of counterparty credit risk;
• Identifies opportunities for process/practice improvements within area of responsibility;
• Documents market risk processes and procedures;
• Ad hoc projects on market risk, pension plan risk and valuation.
  
  

Screening Criteria

• Undergraduate degree in Business Administration, Finance, Financial Engineering, Quantitative Finance, Statistics or in a related field
• Minimum of 2 years of experience in risk management (Finance/Treasury) or equivalent
• Understanding of interest rate and foreign exchange risk.
• Quantitative and financial analysis abilities.
• Knowledge of financial products, capital markets, and treasury financial instruments
  
  

Assets

• MBA, FRM, CFA Charterholder or enrollment in the CFA program
• Bilingual in both official languages (French and English)
• Programming skills in data manipulation (SQL, Python, Power BI)
  
  

Salary Range

• Actuarial Analysis 16: Salaries are based on qualifications and experience and typically range from $71,063-94, 752 plus a performance-based incentive
• Actuarial Analysis 18: Salaries are based on qualifications and experience and typically range from $92,355 - $123,140 plus a performance-based incentive
  
  

Location

• Export Development Canada is a hybrid work environment.
• This role will be performed from EDC’s headquarters in Ottawa.
• Relocation assistance is available for eligible candidates.
  
  

EDC's Commitment to Employment Equity

• EDC is committed to employment equity and achieving a diverse workforce. EDC actively encourages applications from women, Aboriginal peoples, visible minorities, persons with disabilities and members of the 2SLGBTQI+ community. If selected for an interview, please advise us if you need any special accommodation.
  
  

Posting Date

Oct 3, 2024, 12:20:50 PM

Primary Location:

Ontario-Ottawa

Job Type

Permanent

Schedule

Full-time

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Application deadline