Credit Risk Modelling Senior Associate

A career in our Financial Services Credit Risk practice, within Risk Consulting services, will provide you with the opportunity to help organisations rethink their approach to risk by developing a distinctive strategy and creating capabilities and performance. We play an important part in helping our clients assess, design and develop solutions that not only help them manage risk but also transform risk and complexity into a sustainable advantage.Our team helps organisations measure and manage the risk associated with borrower, counterparties or other third parties who have a financial or contractual commitment to them. As part of the team, you'll help assess, design, and implement strategic credit risk functions, collection and recovery units as well as leading credit risk management trainings.
Meaningful work you'll be part of
As a Credit Risk Modelling Senior Associate, you'll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. Responsibilities include but are not limited to:
• Model development, validation and implementation of Retail and Wholesale credit risk methodologies including obligor and facility risk rating, Basel regulatory capital and economic capital models, allowance for loan and lease loss models (e.g., IFRS9). Assist assurance teams with reviews of clients' model development and validation processes
• AI and machine learning model development and validation
• Model risk governance and controls related activities supporting clients in managing model risk across multiple asset classes
• Collaborate with the team members at various levels to lead and develop compelling client proposals, white papers, thought leadership and points of view, describing the business challenge and proposed business solution on the topics such as GenAI, cloud, climate risk modeling etc.
• Build and maintain effective, trusting and collaborative client relationships
Experiences and skills you'll use to solve
• Sufficient experience and exposure to financial services risk practices, credit risk modeling including retail and wholesale credit modeling techniques for adjudication, capital management, and allowance modeling/ or calculations (e.g. IFRS9)
• Development, implementation and assessment of quantitative credit risk measurement methodologies
• Solid understanding and knowledge of credit risk processes, credit risk analytics, risk rating methodologies, risk management policies and risk management organization structures
• Significant experience and proven ability in at least one of the following programming languages/softwares: Python, R, SQL, SAS, C++, etc.
• Master's degree in Economics, Statistics, Mathematics, Physics, Engineering, Financial Engineering, Data Science or other relevant fields would be an assetis required
• PRM, FRM or CFA designation would be an asset
• Proven abilities, especially creative problem-solving, to utilize credit risk management software, data and methodology in the completion of client engagements, including leveraging related technology vendors and their application
• Communications skills demonstrated through the ability to write proposals, reports, presentations, etc.
• Demonstrated ability to manage and prioritize multiple projects
• A demonstrated commitment to valuing differences and working alongside diverse people and perspectives
• The successful candidate requires fluency in English, in addition to French as they will be required to support or collaborate with English-speaking clients, colleagues and/or stakeholders during the course of their employment with PwC Canada

Why you'll love PwC
We're inspiring and empowering our people to change the world. Powered by the latest technology, you'll be a part of diverse teams helping public and private clients build trust and deliver sustained outcomes. This meaningful work, and our continuous development environment, will take your career to the next level. We reward your impact, and support your wellbeing, through a competitive compensation package, inclusive benefits and flexibility programs that will help you thrive in work and life. Learn more about our Application Process and Total Rewards Package at: https://jobs-ca.pwc.com/ca/en/life-at-pwc

The most connected firm through activity based working
PwC Canada is committed to cultivating an inclusive, hybrid work environment - one that is collaborative, supportive and productive. We work in-person and virtually, as is best suited for our clients, teams and people. We want you to be intentional with your work, how you do it and where it's done. PwC offices are hubs of connectivity and learning. We strongly encourage our people to prioritise in-person work. We know that hybrid work is all about balance, and capturing the benefits of in-person work is essential to your growth at the firm. Exact expectations for your team can be discussed with your interviewer.
At PwC Canada, our most valuable asset is our people and we grow stronger as we learn from one another. We're committed to creating an equitable and inclusive community of solvers where everyone feels that they truly belong. We understand that experience comes in many forms and building trust in society and solving important problems is only possible if we reflect the mosaic of the society we live in.
We're committed to providing accommodations throughout the application, interview, and employment process. If you require an accommodation to be at your best, please let us know during the application process.