Job Title: Risk Analyst
Contract Duration: 1 year
Pay range: C$30 - $40/hr
Work Type: Hybrid- Wed and Thurs in the Office
Location: Toronto, ON
Schedule: Mon to Fri- core business hours
Summary Of Day To Day Responsibilities:

• An Analyst within Collateral Management will primarily be focused on the effective and efficient mitigation of counterparty credit risk.
• Analysts are responsible for managing counterparty credit risk as well as for demonstrating innovation and a proactive approach to risk mitigation by highlighting inefficiencies, risks, and implementing improvements.

Job Description

• An Analyst within Collateral Management will primarily be focused on the effective and efficient mitigation of counterparty credit risk.
• Analysts are responsible for managing counterparty credit risk as well as for demonstrating innovation and a proactive approach to risk mitigation by highlighting inefficiencies, risks, and implementing improvements.
• The role will involve close partnership and interaction with a wide range of areas, including credit, middle office, legal, front office, settlements, and corporate treasury.
• As a result, the successful candidate will be required to possess strong communication skills.
• Senior Analysts within Collateral Management are accountable for the following core responsibilities, but are not limited to:
• Daily monitoring of client portfolios, issuing and receiving collateral calls to ensure the firm's credit risk is mitigated.
• Manage bilateral and centrally cleared OTC derivative exposure. Investigate and document margin disputes.
• Ensure margin tickets are accurately entered into the collateral system
• Extensive interaction with clients.
• Resolution and escalation of collateral issues.
• Support Manager in interaction with internal stakeholders (Technology, Settlements, Credit) and external vendors to manage gaps and process improvements

In addition to their core responsibilities, Analysts are also expected to:

• Contribute their own ideas to make a difference and add value to the group.
• Ongoing, proactive risk management via staying abreast of risk issues in the capital markets and assessing impacts on our exposures
• Seek opportunities to increase operational efficiency and lower operational risk through process reengineering
• Performing a number of control functions, ensuring the integrity of our processes.
• Establish an environment that promotes respect for the individual employee and adheres to the policies and guidelines of the Bank

Job Requirements

• At least 2 to 3 years of capital market experience or relevant collateral management experience
• Strong communication skills
• Self-starter with a high degree of initiative and the ability to learn and adapt quickly
• Strong analytical skills and attention to detail.
• Demonstrated leadership skillset

Must Have:

• At least 2 to 3 years of capital market experience or relevant collateral management experience
• Strong communication skills
• Strong analytical skills and attention to detail.
• Leadership skills

Nice To Have

• Python
• Previous exp with/ client interaction
• CFA/FRM

Education and Accreditation

• An undergraduate or graduate degree in Business, Economics, Mathematics, Finance or another quantitative discipline.
• CFA and/or FRM would be considered an asset

Note:

• Working knowledge of derivatives
• Previously, collateral management experience.
• Python/ Data management would be helpful.

About The Company:

• Top 10 bank in Canada and North America offering comprehensive financial solutions. Providing retail, commercial, wealth management, and wholesale banking services, we help clients thrive in today's evolving market.

About GTT

• GTT is a minority-owned staffing firm and a subsidiary of Chenega Corporation, a Native American-owned company in Alaska. As a Native American-owned, economically disadvantaged corporation, we highly value diverse and inclusive workplaces. Our clients are Fortune 500 banking, insurance, financial services, and technology companies, along with some of the nation's largest life sciences, biotech, utility, and retail companies across the US and Canada. We look forward to helping you land your next great career opportunity!

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