Senior Quantitative Advisor, Operational Risk Management

EDC - Ottawa, ON (30+ days ago)

Apply Now

Senior Quantitative Advisor, Operational Risk Management-0002QF


EDC is Canada’s export credit agency, offering information, knowledge and innovative commercial solutions to help Canadian exporters and investors expand their international business. We take on risk so Canadian businesses can take on the world.

When you join our team, you’ll be helping Canadian companies bring their vision, passion and innovation to the global marketplace. Your knowledge and expertise will support more than 10,000 Canadian companies and their customers in as many as 200 markets worldwide. You’ll work shoulder-to-shoulder with the best and brightest in an inclusive, collaborative environment that fosters professional development and success. And you’ll know that you’re making a difference every day—for companies, for Canada and for the people you work with.

Year after year, EDC has been recognized as a Top 100 and Top Family-Friendly Employer.

Team & Job Overview

EDC is seeking an experienced Senior Quantitative Advisor to join the Operational Risk Management (ORM) team. The ORM team is accountable for developing, maintaining, and improving the quantitative methodologies of the ORM program at EDC. The incumbent will work as an integral part of a team of professionals who provide subject matter expertise on operational risk management practices and requirements. EDC manages its ORM program in a manner that engages with stakeholders, is pragmatic and sustainable from an operational perspective, promotes data integrity, and recognizes industry best practices. While EDC is not regulated, we endeavour to align with Basel/OSFI guidance.

Reporting to the Director, Operational Risk Management (ORM), the Senior Advisor will primarily be focused on championing and raising the awareness level of sound ORM quantitative methodologies across EDC and assisting with the ongoing build out of EDC’s Operational Risk Management program.

The successful candidate will have a high level of exposure across the organization. As a seasoned professional he/she is expected to bring credible technical and business experience. This role requires excellent communication and interpersonal skills to engage and consult with business areas and define risk practices and solutions adapted to EDC’s size, complexity and specific mandate. The Senior Quantitative Analyst will be responsible for the development, monitoring and updating of operational risk metrics such as the Risk Appetite Statement, Key Risk Indicators, Key Performance Indicators, and supporting Capital Modelling and Scenario Stress Testing.

Discipline Summary

Responsible for establishing, maintaining and monitoring principles, practices, processes and standards for quantitative metrics in Operational Risk Management
Provides expert advice and guidance in relation to operational risk metrics methodologies and tools for application by the First Line of Defence
Provides complex in-depth and/or breadth of expertise in ORM practices and techniques and persuades others, often at senior levels, to adopt a different point of view
Solves complex problems that have a broad impact on the business, using innovative and pragmatic thinking to develop solutions which are focused on simplicity and actionability
Anticipates potential challenging objections, regulatory issues or changes in risk management approaches, considers business maturity and capacity in recommending operational risk management process or service improvements
Assists in leading and producing Operational Risk reports
Researches and reviews external best practices and regulatory requirements

Key Responsibilities

Assists the Director with the right-sizing and build out EDC’s ORM program and executing the ORM roadmap (e.g. ORM governance, risk analysis and reporting, ORM toolkit and activities)
Proactively engages and independently consults with business areas to refine ORM risk practices and adapt risk metrics to EDC’s size, complexity and stakeholder and shareholder requirements
Provides expert advice and coordinates with other EDC delivery partners and Lines of Defence to provide necessary training and coaching to the team and to risk owners and promotes the proper usage of ORM metrics practices
Leads the development, monitoring and updating of risk metrics and methodologies
Ability to perform analysis and reporting of information from multiple data sources using data mining technique for the purpose of documenting analysis results, produce report and present to technical and executive stakeholders
Establish and maintain operational risk appetite qualitative statement and quantitative risk metrics and limits; monitor on an ongoing basis the results, escalation and mitigating actions of operational risk metrics
Develop and conduct operational risk scenario stress test for capital assessment and stress testing purposes
Forecast, track and measure key risk metrics
Manage the Operational Risk framework, including the strategies for risk scenario identification and follow-up, Loss Data Collection, Key Risk Indicator reporting and overall associate engagement in the management of Operational Risks
Proactively identify opportunities to make improvements to models, guidelines and processes that are consistent with team and corporate goals
Attends industry conferences


Screening Criteria

Completed an Undergraduate Degree in Statistics, Mathematics, Finance or in a related field
Advanced knowledge of risk management principles and practices
Strong knowledge of quantitative methodologies, risk models and tools
Minimum 7 years' experience in risk management or related experience in risk management; governance processes and systems within three lines of defence risk management environment, preferably in financial institutions
Minimum 5 years’ experience with risk metrics development and management in a regulated financial institution
Advanced MS Excel capabilities including management and manipulation of large and complex data


Knowledge of data extraction/mining/modeling utilizing tools such as SAS and SQL
Familiarity with Basel guidelines related to Risk Management
Bilingual in both official languages (French and English)
Experience working in a Crown Corporation environment

Salary Range

$86,000 - $128,000 + performance-based incentive

How to apply

Only candidates selected for an interview will be contacted.

Application deadline: Friday, January 17, 2020, 11:59 p.m. EST on

EDC is committed to employment equity and actively encourages applications from women, Aboriginal people, persons with disabilities and visible minorities. If selected for an interview, please advise us if you require special accommodation.

Candidates must meet the requisite government security screening requirements.

Primary Location: Canada-Ottawa
Schedule: Full-time
Job Type: Permanent