Senior Credit Risk Analyst, ERM (Full-Time Temporary Contract)

The Canada Life Assurance Company • Toronto, ON

13d • CA$96,200 - CA$146,200 • Hybrid

About The Position

A unique opportunity in our global Financial Risk Management (FRM) team to analyze credit risk on fixed income holdings and to also analyze risks on other investments to develop guidance and risk advice for senior stakeholders. Great-West Lifeco is a Canadian headquartered, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. We operate in Canada, the US, the UK and Europe under the brands Canada Life, Empower Retirement, and Irish Life. Our companies have over 30,000 employees, 100,000+ advisor relationships, and thousands of distribution partners – all serving our more than 40 million customer relationships across these regions. The Financial Risk Management team provides independent advice to senior management and the Board of Directors, and helps to support the oversight of market, credit and liquidity risks, and investment strategies across our group of companies. We operate as a central function, in a global team across UK, Ireland and Canada. Our team is fast-growing and dynamic, enabling you to draw upon a diverse range of knowledge, experience and skills. We will continually encourage you to develop and excel in all areas of your role.

Requirements

• Undergraduate degree in Business Administration, Accountant, other relevant degrees or a relevant professional body risk qualification.
• Minimum of 5 years of work experience including credit rating analysis
• Proactive and self-directed with demonstrated history of creating process efficiencies/automation (basic understanding of programming/AI concepts or experience leveraging AI is a plus)
• Experience in the understanding of finance and accounting principles
• Knowledge or interest in financial risk management and investments.
• Superior analytical and problem-solving skills
• Keen eye for detail and strong analytical and problem-solving skills
• Effective communication skills
• Technically proficient in Microsoft Office suite, Bloomberg and S&P CapIQ

Nice To Haves

• Certified Financial Analyst (CFA) and/or Financial Risk Manager (FRM) designations, or progress towards either of these designations is an asset
• Experience with alternative investments (private credit, private equity, real estate, etc.) or reinsurance is an asset.

Responsibilities

• Independently reviewing internal bond credit ratings and alternative investments on new and existing transactions for approval by the AVP, Credit Adjudication. Communicate results of the work to risk committees to compliment the risk oversight process.
• Evaluate the risk rating of proposed new commercial mortgages and bonds to assess whether the current assessment is appropriate and accurate, and the investments are suitable for the portfolio.
• Support Risk Function with development of effective processes for the identification, assessment, management, monitoring and reporting of credit risks across the Company. This includes streamlining the credit review process and creating efficiencies through automation.
• Enhancing and testing existing internal rating models to ensure they appropriately evaluate risks and support business objectives
• Performing independent research on credit risk rating trends and keeping up to date on external credit rating agency’s developments
• Collaborating in various internal projects as well as the day-to-day activities performed by the Financial Risk team

Benefits

• Career Development: Opportunities for career advancement, access to industry-leading learning programs and up to $2,000 annually towards education reimbursement.
• Health & Wellness: Flexible health and dental benefits, plus a $5,000 mental health benefit to support your well-being.
• Time Off: In addition to regular vacation and personal days, we support community involvement with a volunteer day.
• Financial Security: Company-matching pension plan, share ownership program and additional investment options.
• Rewards and Recognition: Employee recognition programs, service milestone celebrations, employee discounts and more!
• Emphasis on Community: We provide a workplace where employees feel connected and supported through Employee Resource Groups (ERGs), mentorship programs, social clubs and events.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior