Manager, Quantitative Market Risk

atWealthsimpleRemoteCA flagCanadaFull-timeRiskSeniorLead

Posted Aug 18

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

📋 Description

• Take charge of the development, testing, and ongoing upkeep of quantitative risk models, encompassing VaR, SVaR, extensive stress testing, and single-stock stress testing.

• Revise models in response to changing market conditions and regulatory demands.

• Create and maintain comprehensive methodology documentation for each model utilized in daily stakeholder decisions.

• Leverage knowledge of CIRO 5000 margin regulations to model margin requirements and capital effects under stressed scenarios.

• Develop production-grade code in various programming languages to construct, sustain, and enhance model infrastructure.

• Collaborate cross-functionally with margin, delinquency, and dynamic risk reporting teams to facilitate risk-aware decision-making.

• Convert complex model outputs into straightforward, actionable insights.

• Recognize and proactively address model performance issues, such as inaccurate or irrelevant outputs.

• Optionally lead a small team and be considered for a Senior Manager role based on qualifications and skills.


⛳️ Requirements

• 7 to 10 years of experience in a quantitative risk or quantitative analytics position within the financial services sector.

• Ideally, experience in a CIRO-regulated brokerage setting.

• Practical model development experience in VaR, SVaR, broad-based stress testing, and single-stock stress testing.

• Profound knowledge of markets, trading instruments, and valuation principles across equities, options, futures, and fixed income.

• In-depth understanding of CIRO 5000 margin rules and capability to model margin requirements and capital impacts under stress conditions.

• Advanced proficiency in at least one quantitative programming language, such as Python or R, with a proven track record of developing production-quality code.

• Strong written communication skills with the ability to produce clear methodology documentation for both technical and non-technical audiences.

• Capacity to work independently on intricate technical challenges and deliver under stringent deadlines.

• Ability to lead a small team.

• Legally authorized to work in Canada.

• Direct experience in constructing capital impact models using CIRO 5000 margin rules and 7–10 years of quantitative risk experience in a Canadian brokerage environment.

• Independently developed and documented a VaR, SVaR, or stress testing model from the ground up using production-quality Python or R.


🏝️ Benefits

• Comprehensive health benefits and life insurance.

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

• 20 vacation days.

• 4 wellness days.

• Unlimited sick and mental health days annually.

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

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

• Collaboration with talented, enthusiastic, and committed colleagues.

• Inclusive hiring process and accommodations available throughout the interview journey.

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