Job Title

Join a ChallengerBeing a traditional bank just isnt our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform whats possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If youre not afraid of taking on big challenges and redefining the future, you belong with us. Youll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.We are a big (and growing!) family. Overall we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.The Work The purpose of this Senior Manager, IFRS 9 Development & Analytics role is to lead process development for IFRS 9 and provide technical expertise to internal teams.Reporting to the Associate Director ECL, this individual will be required to support the evolution of processes critical for IFRS 9. Furthermore, the incumbent will need to work with teams across the bank to gather, prioritize and execute business requirements.Analytics (40%)Evolve reporting and analytics through the introduction of new data, processes & methodologies and technologyWork closely with internal stakeholders as a technical advisor to develop new analytics and/or reporting solutionsSupport IFRS 9 analytics and reporting such as portfolio assessments, and management overlay quantification Keep abreast of macroeconomic, regulatory, accounting and other financial industry developments as they relate to EQB's provisioningWork in pods in the delivery of new IFRS 9 credit risk models: Provide technical and risk expertise to guide the implementation, testing and usage of models Produce ECL and credit risk modelling analytics to facilitate conversations on reserve levels for the Bank Reporting (20%)Interpret and distill complex quarterly IFRS 9 trends for executive consumptionUnderstand economic trends emerging from Banks forecast scenarios, including analyzing and segmenting large amounts of dataEnsure full adherence to policy and controls in IFRS 9 processesSupport the education of internal stakeholders on provision trends and analyticsAd hoc analytics, research and support where requiredSupport effective controls for key processesMethodology and Process Development (10%) Gather business requirements for the ECL Engine and management overlay processesCollaborate with internal stakeholders such as Enterprise Data Management, Model Development and Risk Data Management to support changes to key IFRS 9 processes such as the ECL Engine or management overlay processesManage credit loss calculator back-log items and work with the key stakeholders such as Finance to prune and prioritize the backlogContribute to the optimization and automation of analytical and reporting pipelinesDevelop new applications to support IFRS 9 such as new analytical solutions, reporting solutions Audit (10%)Work closely with external or internal auditors in regular and ad-hoc audits as a subject matter expertEnsure adherence to regular audit timelines and requirementsTeam Management (20%)Provide timely guidance and mentoring to members of the teamProvide timely and effective feedback to staffIdentify and make recommendations on staffing resource requirements needed to adequately execute on key strategic objectives of the teamIdentify appropriate training opportunities or external courses to improve staff effectivenessLet's Talk About You!Minimum 5+ years experience in a risk management role. Previous FI experience in mortgage lending or knowledge of credit risk life cycle and interested in learning about provisions Degree in a business (Finance, Accounting, Commerce, Risk Management) or a quantitative discipline (Applied Mathematics or Statistics, Engineering, Computer Science) Knowledge in using Python for analytics would be beneficialProfessional designations (or in progress) in FRM, CFA, or others related to risk management would be idealFamiliarity with IFRS 9 principles and concepts Fluent in SQL (MS SQL and Azure SQL), excel, and PowerBI Familiarity with confluence or other knowledge management softwareAdvanced communication skills (verbal and written) sufficient to convey complex information and concepts into succinct opinions for any audience across different mediums (e.g presentations)Self-starter, capable of independently executing a stream of work within the context of a larger initiativeComfortable working collaboratively in a team and creating an inclusive environment with people at all levelsStrong organization, time management and multi-tasking skills; managing and prioritizing multiple deadlines at one time; Familiarity with project management principlesHigh attention to detail, ability to review and recommend actions to solve business problemsWhat we offer (For full-time permanent roles) Competitive discretionary bonus Market leading RRSP match program