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Senior Associate, Investment Risk and Performance - Financial Engineering & Modeling

Date: Nov 26, 2024

Location: Toronto, Ontario, Canada

Company: Deloitte

Job Type: Permanent

Work Model: Hybrid

Reference code: 127229

Primary Location: Toronto, ON

All Available Locations: Toronto, ON

Our Purpose

At Deloitte, we are driven to inspire and help our people, organization, communities, and country to thrive. Our Purpose is to build a better future by accelerating and expanding access to knowledge. Purpose defines who we are and gives us reason to exist as an organization.

By living our Purpose, we will make an impact that matters.

• Be encouraged to deepen your technical skills…whatever those may be.

• Partner with clients to solve their most complex problems

• Experience MyFlex and an agile work environment where work is what you do not where you do it

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What will your typical day look like?

In this role you will help financial services industry (FSI) clients face quantitative issues with informed confidence. Using your deep technical skills and leveraging our global network of experts, you’ll provide professional advice to our FSI clients in a wide range of situations. The result? Our clients will be better placed to take control and receive the best solutions to their complex challenges.

The Investment Risk team develops and validates models for investment risk management and financial instrument valuation, including portfolio analytics, fixed income and structured products, and complex derivatives. As part of this team, you will be responsible for the following:

• Develop, implement, and validate financial models for risk management and financial instrument valuation, including derivatives, fixed income, equities, and structured products.

• Be involved in client engagements, presenting analysis, findings, and recommendations clearly and effectively to various stakeholders.

• Conduct audits and internal reviews to ensure adherence to internal controls, industry regulations, and best practices.

• Collaborate with clients to identify risk management needs and design tailored solutions that align with their strategic objectives.

• Prepare comprehensive reports and presentations for clients and senior management, highlighting key insights and actionable recommendations.

• Stay updated on market trends, regulatory changes, and industry advancements to inform risk assessments and valuation strategies.

• Contribute to the continuous improvement of internal methodologies and tools used in risk management, modeling, and valuation.

The Performance team helps financial institutions deal with investment performance, investment benchmarks and compliance with the Global Investment Performance Standards (GIPS). As part of this team, you will be responsible for the following:

• Develop and / or validate different investment performance methodologies according to best market practices;

• Be involved in different investment management consulting projects for our clients;

• Carry out various complex financial analyses including performance measurement, attribution, reporting and investment benchmarks

• Provide assurance and advisory services related to investment performance and the Global Investment Performance Standards (GIPS)

• Cultivate relationships with clients and possess a strong knowledge in investment performance;

• Work collaboratively as part of a local and national team of talented advisors;

• Contribute to practice growth and development.

About the team

Deloitte’s Risk, Regulatory & Forensics practice delivers highly specialized advisory solutions for companies facing critical business events where significant value is at stake, in every phase of the economic cycle.

Our work is often high profile, high impact, and highly rewarding. If you’re looking for a challenge and an opportunity to grow your career alongside the best and brightest in the industry, you’ll find it in Risk, Regulatory & Forensics at Deloitte. Broaden your skills. Broaden your reach. Broaden your career. It’s all possible at Deloitte.

Enough about us, let’s talk about you

The Investment Risk Team:

• Minimum 3-5 years of relevant experience in investment or market risk, derivative valuation, and audit, preferably within a consulting environment.

• Solid academic background with a graduate degree in a quantitative discipline such as a PhD or Master’s Degree in Financial Engineering, Statistics, Financial Mathematics, Econometrics, or a related postgraduate field.

• Strong programming skills in Python, VBA, and MATLAB. Proficiency with database tools such as SQL and SAS.

• Experience with financial statements, portfolio analysis, risk assessment techniques, and credit rating & loss models is an asset.

• Deep understanding of investment risk and financial instruments, including complex derivatives, fixed income and structured products (e.g., mortgages, equity & interest rate options, convertibles, CDS, CDO).

• Comprehensive knowledge of financial statements, portfolio analysis, risk assessment techniques, financial instruments pricing models, capital markets, and tax & fair value reporting requirements

• Experience with vendor models (e.g., FINCAD), databases (e.g., Bloomberg, CapIQ), and valuation of large fixed income portfolios is an asset.

• Completion of FRM I & II

• Completion of CFA Level I

The Performance Team:

• Minimum 3-5 years of relevant experience spent within Capital Markets, Asset Management or GIPS verification firm in a role directly related to investment performance (measurement, attribution or reporting) or GIPS compliance;

• Understanding of investment performance and attribution, risk, exposure, and financial reporting issues;

• Demonstrated ability to perform complex analysis and manage/resolve issues;

• Demonstrated ability to identify and implement process enhancements to ensure that activities are completed in an efficient manner and add value.

• Knowledge of Global Investment Performance Standards (GIPS) is an asset;

• Enrolled in relevant professional designation (i.e. CPA, CFA, CIPM) is beneficial;

• Capacity to work under deadline pressures.

• Excellent verbal and written communication skills;

• Strong commitment to professional and client service excellence;

• Fluency in French would be an asset.

Total Rewards

The salary range for this position is $75,000 - $113,000, and individuals may be eligible to participate in our bonus program. Deloitte is fair and competitive when it comes to the salaries of our people. We regularly benchmark across a variety of positions, industries, sectors, targets, and levels. Our approach is grounded on recognizing people's unique strengths and contributions and rewarding the value that they deliver.

Our Total Rewards Package extends well beyond traditional compensation and benefit programs and is designed to recognize employee contributions, encourage personal wellness, and support firm growth. Along with a competitive base salary and variable pay opportunities, we offer a wide array of initiatives that differentiate us as a people-first organization. Some representative examples include: $4,000 per year for mental health support benefits, a $1,300 flexible benefit spending account, 38+ days off (including 10 firm-wide closures known as "Deloitte Days"), flexible work arrangements and a hybrid work structure.

Our promise to our people: Deloitte is where potential comes to life.

Be yourself, and more.

We are a group of talented people who want to learn, gain experience, and develop skills. Wherever you are in your career, we want you to advance.

You shape how we make impact.

Diverse perspectives and life experiences make us better. Whoever you are and wherever you’re from, we want you to feel like you belong here. We provide flexible working options to support you and how you can contribute.

Be the leader you want to be

Some guide teams, some change culture, some build essential expertise. We offer opportunities and experiences that support your continuing growth as a leader.

Have as many careers as you want.

We are uniquely able to offer you new challenges and roles – and prepare you for them. We bring together people with unique experiences and talents, and we are the place to develop a lasting network of friends, peers, and mentors.

The next step is yours

At Deloitte, we are all about doing business inclusively – that starts with having diverse colleagues of all abilities. Deloitte encourages applications from all qualified candidates who represent the full diversity of communities across Canada. This includes, but is not limited to, people with disabilities, candidates from Indigenous communities, and candidates from the Black community in support of living our values, creating a culture of Diversity Equity and Inclusion and our commitment to ourAccessAbility Action Plan (https://www2.deloitte.com/ca/en/pages/public-sector/articles/accessability-action-plan.html) , Reconciliation Action Plan (https://www2.deloitte.com/content/dam/Deloitte/ca/Documents/public-sector/ca-rap-report-aoda-en.pdf) and the BlackNorth Initiative (https://www2.deloitte.com/ca/en/pages/about-deloitte/articles/black-in-canada-acknowledging-our-past.html) .

We encourage you to connect with us at accessiblecareers@deloitte.ca if you require an accommodation for the recruitment process (including alternate formats of materials, accessible meeting rooms or other accommodations) or indigenouscareers@deloitte.ca for any questions relating to careers for Indigenous peoples at Deloitte (First Nations, Inuit, Métis).

By applying to this job you will be assessed against the Deloitte Global Talent Standards. We’ve designed these standards to provide our clients with a consistent and exceptional Deloitte experience globally.

Deloitte Canada has 30 offices with representation across most of the country. We acknowledge our offices reside on traditional, treaty and unceded territories as part of Turtle Island and is still home to many First Nations, Métis, and Inuit peoples. We are all Treaty people.