Director, Credit Risk Analytics & Methodology

at  Sun Life

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You’ll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you’ll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

ABOUT THE ROLE

This role will report to the AVP, Credit Risk Analytics, and will assist in the development and management of enterprise-wide credit risk management and oversight function at Sun Life Financial (SLF). The Director will focus on the methodology development, production and reporting of risk appetite measures including Credit Earning-at-Risk and Credit Capital-at-Risk. The director will be very familiar with accounting standards related to insurance industry especially IFRS9 and IFRS17.

WHAT YOU’LL BE DOING

• Lead the development and implementation of the Earnings-at-Risk and Capital-at-Risk methodologies for credit risk sensitive instruments.
• Develop and maintain a scalable infrastructure for the production of regular and ad-hoc reporting covering Asset classes, Business Groups and the Enterprise.
• Provide analytical support and enhance models on credit risk measurement under IFRS 9 and IFRS 17 requirements.
• Act as the primary resource to educate and inform senior management, business group risk officers, portfolio management and Investments on the principles of Sun Life’s portfolio credit risk models and their impact on the organization.
• Maintain complete and up-to-date documentation for all processes, assumption changes and parameter specifications of the models/methodologies used in credit risk management.
• Independently monitor and report limit breaches and track remediation.
• Keep abreast of changing best practices in the field of credit risk management and incorporate best practice when and where appropriate.
• Share insights with respect to credit markets and our portfolio generated through analysis and stress-testing.