Principal, Valuation & Stress Testing | Spécialiste en chef, evaluation et tests de tension

About us

We are an organization driven by purpose. We are obsessed about serving Canadians and we are deeply committed and passionate about protecting their hard-earned money when it matters most. We live our promises and commitments every day by serving Canadians as one, and we have their best interest at heart. We strive to build an inclusive, accepting culture with commitment, determination and a bias for action.

The right challenge is waiting for you! Discover how valuable your experience can be and join our team.

About the role

As a Principal, Valuation & Stress Testing (VST), you will be responsible for providing technical leadership toward the development, execution, and maintenance of CDIC’s suite of stress testing, valuation, and other affiliate models. These models are critical to support the Corporation’s member risk assessment and resolution planning and preparedness activities; specifically, they inform recommendations and decisions on loss minimization activities, provide estimates of liquidity and solvency runways, inform deposit growth forecast, and evaluate resolution strategies for their impact on financial stability and CDIC’s financial exposure.

The Principal, VST is a subject matter expert with demonstrated professional experience and technical expertise in one or more of the following areas: financial modeling, asset valuation, time series econometrics, solvency/liquidity stress-testing, accounting, and/or financial risk analysis.

The Principal, VST actively participates in the modelling and analytical activities of the team. Further, he/she leverages her/his expertise and professional experience to contribute to the strategic direction of the VST team and to also serve as a technical mentor to colleagues within and outside the team. The Principal, VST serves as an ambassador for the team and forges strong working relationships with both internal and external colleagues.

This role can be performed from our Ottawa or Toronto offices, following a hybrid model approach. This is a full-time permanent opportunity. #LI-Hybrid

We trust you will be up to the challenge

• Build and maintain CDIC’s fundamental and relative valuation models to support CDIC’s role as the resolution authority.
• Build and maintain CDIC’s valuation models to help inform the value of member institutions in going and gone concern scenarios and act as a challenge function with respect to valuations estimates received from 3rd party vendors.
• Build and maintain CDIC’s top-down solvency stress-testing model capabilities, to provide on-demand estimates of the performance and capital adequacy of member institutions conditional on a particular macroeconomic stress scenario.
• Build and maintain CDIC’s liquidity stress-testing model to provide on-demand estimates of the survival horizon of member institutions, conditional on a particular idiosyncratic scenario.
• Build and maintain CDIC’s statistical loss model used to inform tail risk to the Corporation under simulated adverse conditions.
• Provide modelling and analytical expertise to other core areas of CDIC.
• Provide research and critical thinking on financial sector issues and their impact on CDIC.
   

About you

You take pride in your work and are passionate about having an impact. You face challenges head-on, are an excellent communicator and collaborator, and act with integrity.

• Demonstrated hands-on professional experience in one or more areas including financial modeling, valuation, time series econometrics, solvency and liquidity stress-testing, accounting, and/or financial risk analysis.
• Demonstrated ability to produce quantitative analysis using statistical software (e.g., R, Python, SAS, MATLAB, Excel/VBA, etc.).
• Ability to analyze and draw insights from multi-dimensional economic and financial data, often sourced via more than one supplier, and where data may vary in terms of completeness and quality between sources.
• Detailed understanding of the relationship between the broader macro-financial environment and performance of financial institutions and financial instruments.
• Knowledge of policy and regulatory issues in the banking sector
• Excellent problem solving and technical skills – grasps complex issues and is methodical in identifying and articulating solutions.
• Demonstrated ability to communicate highly technical subject matter to audiences of varying technical backgrounds, verbally and in writing.
• Equally comfortable working individually or as part of a multi-disciplinary team.
• Willing and able to serve as a technical mentor to other colleagues inside and outside the team.
• The incumbent must also demonstrate the ability to work under pressure and deliver results within tight deadlines. Commitment to long working hours and possible travel are a definite requirement at times.

We trust you will bring your expertise

• Graduate degree in a relevant field (e.g., economics, business administration, finance, accounting, mathematics, computer science). A professional designation (e.g., CFA, FRM, CPA, CBV, FMVA, etc.) would be considered an asset.

• Minimum 5-7 years of professional experience in financial modeling, valuation, time series econometrics, stress-testing, accounting, and/or financial risk analysis.

• An equivalent combination of education and experience may be considered.

Must have

Language Requirements: English Essential. BBB (bilingualism in French & English, intermediate level) is an asset

Security Clearance: Eligibility to obtain a Secret level security clearance

Sound like you?

If you are passionate about serving Canadians and see yourself as our future Principal, Valuation & Stress Testing, please click the "apply now" button below.