About the Role
This role in the global Financial Risk Management (FRM) team involves analyzing credit risk on fixed income holdings and other investments to provide guidance and risk advice to senior stakeholders.
Responsibilities
- Independently review internal bond credit ratings and alternative investments on new and existing transactions for approval.
- Communicate work results to risk committees to support the risk oversight process.
- Evaluate the risk rating of proposed new commercial mortgages and bonds to assess appropriateness, accuracy, and suitability for the portfolio.
- Support the Risk Function in developing effective processes for credit risk identification, assessment, management, monitoring, and reporting.
- Streamline the credit review process and create efficiencies through automation.
- Enhance and test existing internal rating models to ensure they appropriately evaluate risks and support business objectives.
- Perform independent research on credit risk rating trends and stay updated on external credit rating agency developments.
- Collaborate in various internal projects and day-to-day activities performed by the Financial Risk team.
Requirements
- Undergraduate degree in Business Administration, Accounting, or other relevant degrees, or a relevant professional body risk qualification.
- Certified Financial Analyst (CFA) and/or Financial Risk Manager (FRM) designations, or progress towards either designation is an asset.
- 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 understanding finance and accounting principles.
- Knowledge or interest in financial risk management and investments.
- Experience with alternative investments (private credit, private equity, real estate, etc.) or reinsurance is an asset.
- Superior analytical and problem-solving skills.
- Keen eye for detail.
- Strong analytical and problem-solving skills.
- Effective communication skills.
- Technically proficient in Microsoft Office suite, Bloomberg and S&P CapIQ.
Skills
- Credit risk analysis
- Fixed income analysis
- Investment risk analysis
- Risk advice
- Process improvement
- Automation
- Programming concepts
- AI concepts
- Finance principles
- Accounting principles
- Financial risk management
- Investment analysis
- Alternative investments
- Reinsurance
- Analytical skills
- Problem-solving skills
- Attention to detail
- Communication skills
- Microsoft Office suite
- Bloomberg
- S&P CapIQ
Location
- Canada
Work Type
- Temporary
- Full-time
- Hybrid
Experience Level
- Minimum of 5 years of work experience
Education Level
- Undergraduate degree in Business Administration, Accounting, or other relevant degrees
- Relevant professional body risk qualification
- Certified Financial Analyst (CFA) designation
- Financial Risk Manager (FRM) designation
Salary/Compensations
- $96,200.00 - $146,200.00 annually
Benefits
- Career Development opportunities
- Access to industry-leading learning programs
- Up to $2,000 annually towards education reimbursement
- Flexible health and dental benefits
- $5,000 mental health benefit
- Volunteer day
- Company-matching pension plan
- Share ownership program
- Additional investment options
- Employee recognition programs
- Service milestone celebrations
- Employee discounts
- Employee Resource Groups (ERGs)
- Mentorship programs
- Social clubs and events
About the Company
- 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.
- Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a member of the Power Corporation group of companies.
Equal Opportunity
- We’re committed to removing barriers and ensuring equal access to employment. Applicants requiring reasonable accommodation during the application process may contact talentacquisitioncanada@canadalife.com. All information provided will be handled in accordance with applicable laws and Great-West Lifeco policies.
