Model Risk Analyst

Open to any location in Canada

Annual Salary: $75,204.19 to $103,406

Responsibilities

We’re looking for a Model Risk Analyst to join our team! This position is integral to the function of our organization, playing a critical role in our Risk Management team. The key responsibilities for this role include:

• Validation, documentation, and monitoring of model risk management activities in Innovation Federal Credit Union.
• Implementation of robust risk management practices and developing effective risk mitigation strategies.
• Collaborating with model owners and developers to ensure models meet regulatory and internal requirements.
• Conducting basic quantitative analysis to assess model performance and limitations.
• Preparing financial reports related to risk management activities.
• Assisting in maintaining a model inventory and documentation in accordance with internal governance standards.
• Communicating risk findings and recommendations to stakeholders at various levels of the organization.
  
  

Qualifications

• Post-secondary education in a quantitative field such as statistics, economics, mathematics, or engineering.
• 3-5 years of experience in financial services, preferably in risk management, model governance or related areas.
• Actively pursuing certifications of FRM, CFA, or CQF is considered an asset.
• Familiarity with programming languages such as Python, R, SQL or VBA.
• Proficiency in Excel and basic data analysis tools.
• Detail-oriented and risk aware, contributing to the safeguarding of our company’s assets and reputation.
• Proficient in digital literacy, including (but not limited to) critical thinking, problem solving and navigation using digital solutions.
• Use and comfortability with a variety of Microsoft 365 applications (Teams, Viva, Power Automate, PowerBI).
  
  

About Us

Hi! We’re Innovation Federal Credit Union. Our purpose is to simplify banking for all Canadians. We like to keep it simple. We have three values – Accountability, Integrity, and Respect – and we are constantly striving to improve our organization to make it better for you (our member and prospective employee)!

How are we different from other Credit Unions? We’ve put in the work to become a federal credit union – just one of three in Canada – to secure the future of our organization and continue to grow across Canada. We are proudly rooted in Saskatchewan, but our vision is national, or as we like to say, “Made in Sask, Built for Canada”.

What Sets Us Apart

• Commitment to Community: $1.1 million was given to local organizations last year who are making a difference
• Strong focus on Diversity and Inclusion: Nearly 22% of InnovationNation proudly identifies as part of a designated group, reflecting our strong commitment to fostering a diverse workplace
• Benefits that start when you do: Our full-time staff participate in a 7% employer-matched pension plan, extended health benefits, employee and family assistance program, and a staff loan rate. These benefits all start on Day 1 of employment, no waiting period!
  
  

In the spirit of Truth and Reconciliation, we acknowledge that we are on the traditional territories of the many First Nations, Métis, and Inuit who have graced these lands for millennia.

We are privileged to live on, work on and enjoy the benefits of these lands, now known as Canada.