Manager, IFRS-9 & Risk Reporting

CWB Financial Group - Richmond Hill, ON (il y a 30+ jours)

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CWB Financial Group is a diversified financial services organization providing specialized service in business and personal banking, trust, and wealth management across Canada. Our approach to business is straightforward: we work hard and with integrity, we practice common-sense thinking, we’re accountable for our actions, and we care about our people. We’re incredibly proud of the work we do every day to help our clients grow their businesses, manage their money and realize their financial potential! Learn more at


Are you a naturally inquisitive, process-driven and born leader? Do you pride yourself on your ability to communicate in a sophisticated business environment? Is your professional background rooted in IFRS – 9 and risk reporting, with familiarly of the financial services industry? If you’re saying yes, we want to hear from you!

As a Manager, IFRS 9 and Risk Reporting you will be primarily responsible for the sustainable production and reporting of IFRS-9, supporting the AIRB implementation and production. In this position, you will play an important role in both the development stage and the sustainable production stage of the Risk Function to ensure that CWB remains in compliance with regulatory and financial reporting requirements.

Make an impact by working with risk based Expected Credit Losses (ECL) production (loss calculation, governance, control process, reporting, analysis, etc.) and implementation of new/updated IFRS-9 models (e.g. staging). Leverage your expertise in BCAR production validation (RWA replication, analysis etc.) and ICAAP forward looking credit risk production (risk based ECL results, stress testing results, control process, reporting, etc.)

Key Focuses:
IFRS-9 Risk Reporting

Operate and maintain the IFRS-9 ECL calculation engine and related processes to produce timely and accurate ECL results.

Validate the process inputs and outputs for quality control and governance.

Provide in-depth analysis on IFRS-9 results and identify key drivers for ECL movements.

Collaborate with IFRS-9 stakeholders, including Finance, Integrated Risk Management, Model Development, Risk IT, Model Vetting Unit, and Internal Audit.

Prepare risk based ECL production results, analysis and presentation materials for IFRS-9 stakeholders.

Provide support for ad-hoc requests required by IFRS-9 stakeholders and senior management in a precise and efficient manner.

Identify, recommend and implement process improvement opportunities for IFRS-9 reporting, analysis and control.

Conduct insightful impact analysis for model updates, data migration and process changes.

Contribute to the IFRS-9 staging methodology enhancement, including but not limited to model development and validation activities.

Develop and maintain the IFRS-9 related documentation. Review and evaluate the technical implementation and results.

Contribute to strategic risk initiatives by using analytical skills to project potential losses, and make recommendations to limit risk.

Demonstrate insight into internal client's business and develop innovative solutions that create value.

A-IRB Implementation and Production Support

Support the BCAR production validation process, such as data comparison, reconciliation and analysis.

Participate in the ICAAP implementation and production for risk based ECL results under both base case and stressed scenarios.

Support CWB’s A-IRB implementation program in line with emerging regulatory expectations.

Essential Education and Experience:
Masters in a relevant field such as Financial Engineering, Finance, Economics, Statistics, Mathematics and Computer Science

Completion or progression in CFA and/or FRM would be an asset.

Minimum 2-3 years of professional experience in financial areas with In-depth understanding of IFRS-9 requirements, production, analysis and reporting, and knowledge of credit risk modeling and validation.

Previous risk management experience would be an asset.

Strong data skills including reconciliation, validation and cleaning, and solid programming skills (i.e. SAS, VBA, Matlab, Python, etc.).

Hands-on experience in process validation and control.

Hands-on experience in managing, reconciling, and interpreting large and complex enterprise level data sets.

Hands-on experience in business and/or technical writing with clear and concise written communication skills.

Essential Personal Competencies:
Excellent analytical skills to identify the causes of risk changes and impact to business and strategy

Ability to effectively communicate the analysis and explain the results in a simple and concise way

Strong stakeholder management, relationship management and influencing skills

Strong attention to detail and the ability to understand the big picture

Demonstrated ability to work under pressure and tight deadline

Exceptional critical thinking skills and ability to work independently with limited guidance

What you will get from us:
The opportunity to make a difference - our culture is built on entrepreneurship and this is your chance to make the footprint here you may not be able to elsewhere! We thrive on idea-sharing, collaboration and the ability to create impact.

Rewarding, enterprising and engaging atmosphere where you will be able to see your contributions at work.

Understanding balance: We know our people have places to go, people to see and good times to have when they’re not at work and we support that.

An award-winning benefits packages that includes 100% company-funded health coverage (dental, vision and prescriptions), health care spending account, a flexible wellness program and cwbalance day (extra day off with pay!).

Company ownership: every employee has the opportunity to be an owner with our employee share purchase plan (ESPP).

Our commitment to your success and development: on-going career conversations and personalized professional growth opportunities.

Competitive salary and pay for performance incentives.

Continual learning opportunities and professional development training to grow your talent and realize your aspirations and potential.

Closing Date:
  • P
osition closes at 12:01am on indicated close date


Inclusion &


CWB Financial Group is committed to being an equitable employer, providing an inclusive environment for a diverse workforce, including but not limited to, women, persons with visible and invisible disabilities, Indigenous persons, gender and sexual minorities, and ethnic visible minorities. We believe that inclusion has power. In fact, that’s one of our values. We know that diverse teams unleash new ideas and perspectives. We work to create an organization where people can be proud of who they are, and allies for those around them. We know that there is power in our differences and we are committed to providing equitable treatment to all employees, applicants and clients. And beyond that, we celebrate our people and those differences.

We're proud to have built a culture that thrives on idea-sharing and collaboration, and we're always finding ways to continue to create a warm, welcoming and inclusive work environment. We have a strong ethics program, a mandatory Respect in the Workplace eLearning program, comprehensive policies related to employment equity, and a strategy and an going strategy to ensure diversity and inclusion thrives at CWB.

Accommodation or Accessibility

Applicants requiring accommodation, please reach out


Application Process:
Applications are only accepted via our online recruiting system.

We appreciate your interest in working with us; however, only those applicants selected for interviews will be contacted.

Final candidates for this position will be required to undergo security screening, including a credit and criminal records check.