Counterparty Credit Risk Specialist

This is a fully remote position, open to applicants in Canada.

📋 Description

• Take ownership of and enhance procedures for the assessment of counterparty credit risk, ensuring they are consistent, scalable, and auditable.

• Carry out and compile thorough credit assessments.

• Offer detailed written recommendations regarding both new and existing counterparties.

• Examine regulatory financial statements and other relevant factors to establish credit limits.

• Oversee concentration limits and stress testing outcomes within the platform.

• Ensure exposures stay within authorized thresholds and identify emerging risks with suggested actions.

• Aid in the drafting, maintenance, and enforcement of counterparty credit risk policies, credit limit frameworks, and procedures.

• Work collaboratively with Treasury, Finance, Market Risk, Legal, Product, and Securities Lending teams.

• Provide support to front office and risk development teams.

• Make well-informed decisions despite incomplete information, documenting assumptions and risks.

• Foster positive relationships with counterparties.

⛳️ Requirements

• 1–3+ years of experience in counterparty credit risk, credit analysis, or a related credit risk management position within an investment dealer or brokerage environment.

• Proficient understanding of broker-dealer regulatory capital, encompassing risk-adjusted capital and net excess capital.

• Capability to interpret Form 1 and FOCUS filings.

• Preference will be given to candidates pursuing the CFA, CPA, or FRM designations.

• Aptitude for identifying root causes and a commitment to continuously expanding knowledge and skills.

• Ability to act independently and proactively recognize risks.

• Skills in planning, organizing, and prioritizing multiple concurrent tasks.

• Competence in simplifying complex credit and risk concepts into clear, actionable recommendations.

🏝️ Benefits

• Comprehensive health benefits and life insurance.

• Long-term group savings plan with employer matching through Wealthsimple for Business.

• 20 vacation days annually.

• 4 wellness days per year.

• Unlimited sick and mental health days per year*.

• Option to work outside Canada for up to 90 days each year*.

• Employee resource groups, including Rainbow (2SLGBTQ), Women of WS, and Black at WS.

• Equity compensation available for permanent employees.