Credit Risk Modelling Senior Associate
PwC · Toronto, Canada · 5mo ago
Line of Service
AssuranceIndustry/Sector
Not ApplicableSpecialism
Financial RiskManagement Level
Senior AssociateJob Description & Summary
A career in our Financial Services Risk & Regulatory Group - Financial Risk Management Credit Risk Modelling practice will provide you with the opportunity to help financial institutions rethink their approach to risk by developing a distinctive strategy and creating capabilities and performance. We play an important part in helping our clients assess, design and develop solutions that not only help them manage risk but also transform risk and complexity into a sustainable advantage.Our team helps financial institutions with predictive modeling needs, including but not limited to, measure and manage the risk associated with borrowers, counterparties or other third parties who have a financial or contractual commitment to them, expected credit loss measurement (IFRS9 and CECL), capital measurement/stress testing. As part of the team, you’ll help with credit risk modeling, model risk management as well as AI/ML/GenAI modeling for financial institutions.
Meaningful workyou’llbe part of
As a Credit Risk Modelling Senior Associate,you'llwork as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. Responsibilities include but are not limited to:
Model development, validation, internal auditof Retail and Wholesale credit risk methodologies including obligor and facility risk rating, Basel regulatory capital and economic capital models, allowance for loan and lease loss models (e.g., IFRS9).Assistassurance teams with reviews of clients’ model development and validation processes
Artificial Intelligence (AI)/machine learning(ML)/Generative AI (GenAI)model development and validation
Model risk governance and controls related activities supporting clients in managing model risk across multiple asset classes
Collaborate with the team members at various levels to lead and develop compelling client proposals, white papers, thought leadership and points of view, describing the business challenge and proposed business solution on the topics such asMachine Learning, GenAI and climate risk modeling,etc.
Build andmaintaineffective,trustingand collaborative client relationships
Experiences and skillsyou’lluse to solve
Proficientexperience and exposure to financial services risk practices, credit risk modeling including retail and wholesale credit modeling techniques for adjudication, capital management, and allowance modeling/ or calculations (e.g.IFRS9)
Development,validationand assessment of quantitative credit risk measurement methodologies
Proficient experience and exposure to AI/ML modeling,including theoretical approach andrelated technology and platforms;significantexperienceand proven ability in at least one of themainAIplatforms:Vertex AI, Azure AI,etc. is preferred
Solid understanding and knowledge of credit risk processes, credit risk analytics, risk rating methodologies, risk managementpoliciesand risk management organization structures
Significant experienceand proven ability in at least one of the following programming languages/software: Python, R, SQL, SAS, C++, etc.
Master’s degreein Statistics, Mathematics, Physics, Engineering, Financial Engineering, DataScienceorother relevant fields
PRM, FRM or CFA designation would be an asset
Proven abilities, especially creative problem-solving, toutilizecredit risk management software,dataandmethodologyin the completion of client engagements, including leveraging related technology vendors and their application
Strong writingskillsdemonstratedthrough the ability todraftproposals, reports, presentations, etc.
Strong verbal and written communication skillsdemonstratedthrough interactions with other teams/team members at all levels
Demonstrated ability to manage and prioritize multiple projects
PwC Canada is committed to cultivating an inclusive, hybrid work environment. Exact expectations for your team can be discussed with your interviewer
This newly created role reflects our commitment to growth and delivering distinctive value for our clients and stakeholders.
The salary range for this position is $73,400 - $122,400. The posted salary rangerepresentsthe expected hiring range for PwC locations in major citycentres. Given our national recruiting approach, ranges may vary for positions in other locations. At PwC Canada, base salary isdeterminedby your skills, experience,qualificationsand work location.In addition to base salary, eligible employees may have opportunities toparticipatein variable incentive pay programs which are designed to reward individual and firm-wide achievements.We are committed to offering competitive compensation and adhere to all relevant pay transparency legislation.During the hiring process, our Talent Acquisition team will provide details about our comprehensive total rewards package.
Whyyou’lllove PwC
We’reinspiring and empowering our people to change the world. Powered by the latest technology,you’llbe a part of diverse teams helping public and private clients build trust and deliver sustained outcomes. This meaningful work, and our continuous development environment, will take your career to the next level. We reward your impact, and support your wellbeing, through a competitive compensation package, inclusive benefits and flexibility programs that will help you thrive in work and life. Learn more about our Application Process and Total Rewards Package at:https://jobs-ca.pwc.com/ca/en/life-at-pwc
PwC Canada acknowledges that we work and live across Turtle Island, on the land that is now known as Canada, which are the lands of the ancestral, treaty and unceded territories of the First Nations,Métisand Inuit Peoples. We recognize the systemic racism,colonialismand oppression that Indigenous Peoples have experienced and still go through, and we commit to allyship and solidarity.
Education (if blank, degree and/or field of study not specified)
Degrees/Field of Study required:Degrees/Field of Study preferred:Certifications (if blank, certifications not specified)
Required Skills
Optional Skills
Accepting Feedback, Accepting Feedback, Active Listening, Actuarial Science, Analytical Thinking, Communication, Complex Data Analysis, Creativity, Embracing Change, Emotional Regulation, Empathy, Financial Data Mining, Financial Modeling, Financial Risk Analysis, Financial Risk Management, Inclusion, Intellectual Curiosity, Learning Agility, Optimism, Presenting Financial Reports, Risk Analysis, Risk Model Implementation, Self-Awareness, Statistical Analysis Software, Statistical Consulting {+ 3 more}Desired Languages (If blank, desired languages not specified)
Travel Requirements
Not SpecifiedAvailable for Work Visa Sponsorship?
NoGovernment Clearance Required?
NoJob Posting End Date
We’re committed to providing accommodation throughout the application, interview, and employment process. If you require accommodation to be at your best, please let us know during the application process.The use of artificial intelligence (AI) in recruiting is just getting started, so we know you have questions about how and why we use it. At certain points during our recruiting process, we rely on AI to improve your experience. This could be during resume review or curating personalized job recommendations, asking you clarifying questions via a chatbot or during our interview scheduling to improve your experience. Our use of AI helps ensure we combat bias by evaluating candidates equally and fairly, without seeing identity information, such as your name, or gender for example). AI also helps us better predict successful hires by reviewing all applicants for a role and the relationship between your skills, experience and likely success at PwC Canada. While AI supports parts of our recruitment process, final hiring decisions always involve human review. For more information about our use and protection of your data, please refer to our Privacy Policy (https://www.pwc.com/ca/en/privacy-policy.html).Nous tenons à répondre à vos besoins tout au long du processus de demande d’emploi, d’entrevue et d’embauche. Si vous avez besoin de mesures d’adaptation pour être parfaitement à l’aise, faites-le-nous savoir à l’étape de la demande d’emploi.L’utilisation de l’intelligence artificielle (IA) dans le domaine du recrutement en est à ses balbutiements. Nous savons que vous pourriez vous demander comment et pourquoi nous y avons recours. À certains stades de notre processus de recrutement, nous comptons sur l’IA pour améliorer votre expérience. Par exemple, pendant l’examen du curriculum vitæ ou l’élaboration d’une liste de recommandations personnalisées, un agent conversationnel pourrait vous demander des précisions ou fixer avec vous un rendez-vous pour l’entrevue. L’IA nous aide à mieux lutter contre les préjugés, car l’évaluation des candidats se fait de façon juste et équitable, sans que les informations d’identification comme le nom ou le sexe soient connues. Elle nous permet également de mieux repérer les bons candidats pour un poste et d’évaluer le lien entre leurs compétences, leur expérience et leurs chances de réussir chez PwC Canada. Bien que l’IA facilite certaines étapes de notre processus de recrutement, les décisions finales d’embauche sont toujours prises par des personnes. Pour en savoir plus sur l’utilisation et la protection de vos données personnelles, consultez notre politique sur la protection des renseignements confidentiels (https://www.pwc.com/ca/fr/privacy-policy.html).