Hybrid Senior Quantitative Analyst, Market Risk

at Central 1

• Job title: Senior Quantitative Analyst, Market Risk
• Job type: Full Time
• Experience level: Senior
• Salary: CA$75,000 - CA$90,000 per year
• Degree requirement: Bachelor's Degree
• Tech skills: Python, SQL, Tableau, VBA
• Location requirements: Hybrid, Toronto, Canada

About the role

• Senior Quantitative Analyst in the Market Risk team at Central 1, maintaining market data integrity and leading risk analysis. Collaborating with teams to ensure compliance and informed decision-making.

Responsibilities

• Maintain the integrity, accuracy, and upkeep of static and market data (e.g., curves, securities, generators, limits, pricing, and yields).
• Ensure adherence to all controls, processes, and procedures, while identifying data quality gaps and improving automation and controls
• Prepare and enhance market risk content for daily reporting, risk dashboards, and regulatory reporting (including Pillar 1 Market Risk)
• Provide independent oversight of Central 1 portfolios to ensure compliance with Board-approved limits, Market Risk Policy, and regulatory requirements.
• Oversee financial instrument valuation and pricing models to ensure the integrity of mark-to-market valuations and fair value risk reporting
• Conduct deep-dive analyses of significant P&L movements, market shocks, and stress events
• Perform scenario analysis to assess vulnerabilities under adverse market conditions
• Develop and maintain market risk models to support and strengthen the risk monitoring framework and analytics, including VaR, ES, sensitivities, stress testing, scenario analysis, NIIS, and IRRBB
• Support the ongoing development and maintenance of market risk standards and procedures
• Identify, analyze, and document key and emerging risks by monitoring market movements, risk exposures, and P&L drivers
• Act as backup for preparing ALCO packages, C1 Trust reports, and Board reporting materials.
• Assist the Director with ad hoc market risk analysis and reporting.
• Undertake additional projects and responsibilities as assigned.

Requirements

• Bachelor’s degree in Finance, Financial Engineering, Mathematics, Statistics, or a related field, or an equivalent combination of education and relevant quantitative experience
• 3+ years of experience in Market Risk, Model Development, Model Validation, Product Valuation, or similar quantitative roles
• Working knowledge of financial markets, banking operations, and valuation/pricing models for instruments such as fixed income, FX, NHA MBS, and derivatives
• Strong attention to detail, with proven quantitative, analytical, and problem-solving skills
• Solid understanding of interest rate risk, including experience with VaR, NIIS, DV01, and stress testing methodologies
• Hands-on programming experience in one or more languages, such as SQL (stored procedures), VBA, Python, or similar
• Advanced proficiency in Microsoft Office (especially Excel), along with experience using Tableau or other data visualization tools.
• Familiarity with Murex MX3 and/or Bloomberg Terminal is an asset
• Knowledge of market risk regulatory requirements and guidelines is an asset.
• Strong communication skills, with the ability to collaborate effectively with front office teams, business stakeholders, senior management, and committees
• Ability to clearly present complex concepts in both written and verbal formats.
• Intellectual curiosity and the ability to independently investigate unusual trends in business activity and risk exposure
• Adaptability and flexibility to respond to evolving business and departmental needs in a fast-paced environment
• Willingness to take on additional responsibilities and special projects as required.

Benefits

• Work-life flexibility
• Hybrid work environment
• Variable annual incentive plan
• Generous annual vacation allotment
• Top-notch flexible benefits plan including family building and gender affirmation
• Retirement Plan, matched contributions at 6%
• Access to a learning platform and educational assistance support
• Access to a virtual wellness platform
• Career development opportunities
• Wellness Flex Fund to support personal interest and activities
• Day off to volunteer in your community and other paid time off options
• Corporate discounts *subject to employment agreement