Job Opportunity: Junior Quantitative Analyst (Model Development)
We are currently recruiting for a Junior Quantitative Analyst on behalf of our client, a leading Financial Institution located in the heart of Toronto’s Financial District. This is an exceptional opportunity for a motivated professional with 0–2 years of experience to join a high-performing team focused on credit risk model recalibration and enhancement.
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Job Description
In this role, you will be a key contributor to the Non-Retail Model Development (NRMD) team. Your primary focus will be the development and ongoing support of Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) models. These models are critical to the bank’s Advanced Internal Ratings Based (AIRB) framework, directly impacting Risk Weighted Assets (RWA) and Capital requirements under Basel III and OSFI regulations.
You will work in a hybrid environment (4 days per ...