Canadian Western Bank Intern – Risk Capital (4 Months) Temporary in Richmond Hill, ON

Canadian Western Bank

Branch Richmond Hill ON CA

Intern – Risk Capital (4 Months)
Richmond Hill, ON

The incumbent will be responsible for building and maintaining IFRS-9 and Economic Capital processes, producing expected credit loss (ECL) and capital results,…


Intern – Risk Capital (4 Months)

CWB Financial Group Company

CWB Financial Group

Posting #



Risk Capital & IFRS 9

City, Province

Richmond Hill , ON


Full Time (4 Months)

Closing Date


Integrity. Accountability. Respect. Common sense. Caring.
CWB Financial Group (CWB) is not your typical bank – we take a deeply personalized approach to our business and in our core values. Taking the time to understand our clients’ goals and aspirations allows us to use a full-picture view in the type of support, guidance and service needed to help them cultivate a successful financial future.
CWB Financial Group is seeking an Intern, Risk Capital (co-op position) to support the implementation of IFRS-9 and Economic Capital to ensure these activities are in line with CWB objectives and regulatory requirements. The incumbent will be responsible for building and maintaining IFRS-9 and Economic Capital processes, producing expected credit loss (ECL) and capital results, and providing insightful risk analytics to internal clients (including senior leadership). This role will also work closely with the team on methodology development, particularly on asset correlation models and diversification benefit in Economic Capital. The position is for May to August 2018 and is based in Richmond Hill, Ontario.
Be what you want to be – with CWB Financial Group.
Here is a glimpse into what your co-op experience could look like with us!

Who we are:
CWB Financial Group is a diversified financial services organization providing specialized service in banking, trust and wealth management. Since 1984, we’ve grown from a single branch operating in Edmonton, Alberta, to a western-based, federally regulated financial institution with a national presence.

What we offer:
Hands-on experience in a professional, industry-leading organization where you are able to see the intricate environment of a financial institution at work.
The opportunity to make a difference – our culture thrives on idea-sharing and collaboration.
Rewarding, enterprising and engaging atmosphere where you will be able to see your contributions at work.
Understanding balance: We know our people have places to go, people to see and good times to have when they’re not at work and we support that.
Our commitment to your success and development: Personalized conversations about how you can grow your career after your co-op.
Competitive salary.
Continual learning opportunities training to grow your talent and realize your aspirations and potential.

Who you are:
A current student pursuing a career in Risk Management and working towards an undergraduate or graduate degree in Mathematics, Statistics, Economics, Financial Engineering, Computer Science or related quantitative discipline
Curious by nature with an understanding of quantitative and qualitative data analysis and reporting using databases and spreadsheets.
Previous experience with a financial institution and knowledge of A-IRB, Economic Capital and IFRS-9 would be an asset.
A technology enthusiast with strong skills in programming (i.e. SAS, SQL, R, Matlab, VBA, etc.). Knowledge in SAS would be an asset.
Analytically inclined with an ability to work with statistics and economics theory, and demonstrated research abilities.
A quick learner and early adapter of new methods, processes and technologies.
A practiced communicator with very clear and concise written communication skills, with experience in drafting internal memos as well as policies and procedures.
Team focused: Excellent interpersonal skills with the ability to work in a collaborative work environment while building strong relationships.
A natural organizer with time management skills and a high level of attention to accuracy and details.

What you will do:
IFRS-9 ECL Implementation
Operate the IFRS-9 ECL calculation engine and related processes to produce timely and accurate ECL results.
Validate the input and output data for quality control and governance.
Conduct detailed analysis on IFRS-9 results and prepare reports and presentation materials.
Participate in the development of the IFRS-9 reporting and analysis processes through SAS.
Collaborate with key stakeholders in the IFRS-9 project, including Finance, Project Management, Model Vetting, Integrated Risk Management, Quantitative Risk Management and Modelling, Business Intelligence and Audit.
Provide support to the team on IFRS-9 ad-hoc requests.
Economic Capital Implementation
Perform literature research on asset correlation models and diversification benefit in Economic Capital.
Assist in the development of correlation models for Economic Capital that can correctly capture concentration risk and diversification benefit.
Support the development of Economic Capital production and reporting processes.

CWB Financial Group is an equal opportunity employer. We are motivated by the new perspectives diversity can bring to our workforce. Inclusion and advocacy for a diverse organization can bring excellence at all levels of our business. Regardless of race, religion, color, gender, sexual orientation, age, disability or any other factors unrelated to job performance, we are looking for difference makers. We are committed to providing equitable treatment to all employees and job applicants.

or proceed with Standard Application Form.

Employment Type: Temporary
Location: Richmond Hill, ON, CA
Posted on: 2018-04-04
Posted by: