wealthsimple - Specialist, Counterparty Credit Risk
Requirements
• 1–3+ years experience in counterparty credit risk, credit analysis or a relevant credit risk management role in an investment dealer or brokerage environment • Working knowledge of broker-dealer regulatory capital, including risk-adjusted capital and net excess capital, and how to interpret Form 1 and FOCUS filings. • Preference given to individuals who are pursuing the CFA, CPA or FRM program. • Relentlessly pursues root causes and is willing to continuously expand their knowledge and competencies. Acts without being told what to do and is ready to “roll up their sleeves” and build solutions from the ground up. Takes full ownership of work and proactively identifies risks before they materialize. • Plans, organizes, and prioritizes effectively across multiple concurrent priorities. • Distills complex credit and risk concepts into clear, actionable recommendations for any audience.
Responsibilities
• Own and improve the procedures for the counterparty credit risk assessment processes while ensuring consistency, scalability, and auditability. • Conduct and compile comprehensive credit assessments and provide detailed written recommendations for new and existing counterparties, incorporating regulatory financial statement analysis and other factors to determine credit limits. • Monitor concentration limits and stress testing results within our platform ensuring exposures remain within approved thresholds and flag emerging risks early and with recommended action. • Assist in drafting, maintaining, and enforcing counterparty credit risk policies, credit limit framework, and procedures. • Work across different teams in a fast-paced environment, supporting both front office and risk development. Make well-reasoned decisions with incomplete information and state the assumptions and risks behind them. Help build lasting positive relationships with our counterparties.
Benefits
• 🌸 Top-tier health benefits and life insurance • 📈 Long-term group savings with employer match, through Wealthsimple for Business • 🌴 20 vacation days, 4 wellness days, and unlimited sick and mental health days per year* • ✈️ 90 days away: work outside Canada for up to 90 days per year* • 👥 Employee resource groups, including Rainbow (2SLGBTQ), Women of WS, and Black at WS • 🌎 We are a hybrid team with over 1,500 employees across North America. The people are one of the best parts of working here: you'll collaborate with incredibly talented, curious, and driven teammates who are deeply committed to doing great work. • Unlimited paid sick days, Wellness Days and the 90 day away program do not apply to certain roles. • Technology & Innovation at Wealthsimple: We move quickly and build thoughtfully. That means we're always looking for better ways to work — whether that's new tools, AI, or rethinking how we approach a problem. We don't expect you to have all the answers, but we do expect curiosity and a willingness to evolve alongside the products we're building. • Inclusion Statement: We're building products for a diverse world, and we need a diverse team to do it well. We strongly encourage applications from everyone, regardless of race, religion, colour, national origin, gender, sexual orientation, age, marital status, or disability status. • Accessibility Statement: We're committed to an accessible hiring experience. If you need any accommodations throughout the interview process, please let us know — we'll work with you to make sure you have what you need. We also welcome any feedback on how we can better accommodate candidates with accessibility needs. • AI in Hiring: We may use artificial intelligence (AI) tools to support parts of our hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our team but don't replace human judgment – all final hiring decisions are made by people. If you have questions about how your data is used, reach out to us.
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