Risk Modelling Associate

Adecco is currently seeking a highly skilled and motivated Risk Modelling Associate to join our client's team in Toronto, ON. if you are looking for a rewarding career in the automotive finance industry with one of the industry’s top leaders, this role might be for you.
Location: Toronto, ON * Hybrid work model
Company: Hyundai Capital Canada
Salary: 55-60k per year
Job Summary:

This role supports the development, maintenance, validation, and governance of all Risk models at HCCA including, but not limited to, the credit loss, significant increase in credit risk (SICR), origination scorecard, and collection segmentation models. They will liaise with the Model Development and Model Governance teams to ensure all models are properly validated, governed, and compliant. They will also be a critical part of the overall strategy for enhancing HCCA’s in-house modelling capabilities. In addition, this role will lead the monthly evaluation of credit loss provision based on portfolio quality and the macroeconomic environment, and will be responsible for ensuring reserve forecasts are timely and accurate.

Duties and Responsibilities:

• Coordinate and evaluate allowance for loan and lease losses

• Analyze and quantify the Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD), Prepayment, and impact of economic outlook to be used in the calculation of allowance for loan and lease losses

• Maintain ALLL methodology documentations, including monthly memorandum, approval, and procedural documents related to ALLL

• Prepare evidence for KSOX controls and secure signoff prior to booking monthly provision movements

• Collaborate with model developers to develop credit loss forecast models in accordance with regulatory requirements

• Collaborate with auditors to ensure ALLL is prepared in compliance with accounting standards

• Collaborate with the Model Governance team to conduct relevant back-testing and validation on a quarterly and annual basis.

• Monitor the performance of HCCA’s lease and loan origination scorecards to ensure proper risk assessment at time of application

• Liaise with the Origination Risk team to establish appropriate thresholds for credit policies and auto-approval rules

• Conduct performance and stability validations on scorecards in production, and report results to the Model Governance team on a quarterly basis

• Based on the results of the quarterly validations, initiate and manage scorecard recalibration or redevelopment efforts if necessary

• Collaborate with the scorecard development vendor to provide comprehensive historical datasets needed for recalibration and redevelopment efforts; perform the necessary validations to ensure vendor outputs are satisfactory

• Support the integration of scorecard changes into the Loan Origination System (LOS)

• Produce and maintain all relevant model documentation

• Perform validation checks and analytical reviews to verify data inputs are complete and accurate; conduct model updates and recalibration as necessary.

• Utilizing analytical software, produce challenger models to ensure that current production models are producing accurate and adequate results

• Replace models that are not performing as expected, and limit the reliance on external parties or vendors where possible

• Support all functions in the Risk department with adhoc analysis and projects

• Stay up-to-date with industry best practices and relevant accounting standards to determine if there are any impacts to HCCA

• Monitor macroeconomic environment for shifts that may impact the performance of the Risk models in production

Requirements:

• 2+ years of experience in risk management or equivalent analytical role within the financial services industry

• Strong PC and programming skills: SAS, SQL, Excel, Word, PowerPoint, and relational database concepts

• Understanding of statistical concepts, including generalized linear model and logistic regression

• Ability to comprehend instructions and create documentation on models and reports

• Strong presentation skills and ability to explain complex data analysis succinctly

• Ability to manage multiple priorities effectively, demonstrate initiative and commitment to achieve results

• Understanding of financial reporting standards (especially IFRS9) and/or credit loss and scorecard techniques are preferred

If you are a passionate individual with excellent communication skills and are seeking a challenging role in a dynamic and client-based environment, we encourage you to apply. We offer competitive compensation, outstanding benefits, and the opportunity to work alongside a dedicated team of professionals committed to customer satisfaction and company success.
To indicate your interest in this position, please apply online. A recruiter from Adecco will reach out to you shortly.
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