Respect, Innovation, Teamwork and Accountability
The Ontario Financing Authority (OFA) is seeking a dedicated professional who can thrive in a dynamic, high-profile, fast-paced team environment. As a key member of the Risk Management Division – Data Analytics & Enterprise Risk Management team, you will provide expert analysis and advice on debt and related derivative pricing and valuation models, as well as their systems application/implementation.
About the OFA:
• The OFA is an agency of the Province of Ontario that manages the Province's debt and borrowing program;
• OFA employees are appointed pursuant to the Public Service of Ontario Act and you will retain your seniority date, pension and benefits; and
• The OFA is committed to its core values of respect, innovation, teamwork and accountability. We strive to foster a respectful, inclusive and supportive workplace while working in a dynamic, fast-paced environment.
About the job
In this position, you will:
In this position, you will:
• Monitor and research industry pricing and valuation methodologies and implement and test new or revised pricing and valuation models and frameworks within the mark-to-market (MTM) and related systems as required
• Maintain and improve upon existing risk exposure and measurement and related reporting tools
• Identify, investigate, and resolve financial model valuation discrepancies
• Develop, validate, and review stress testing models and processes and report on stress testing findings
• Provide ad-hoc analysis, system support and application development (e.g. Risk management and Interest-on-Debt systems)
• Implement the OFA's adoption of industry best practices
What you bring to the team
Finance & Risk Management Knowledge:
• You have strong knowledge and experience in mathematical finance, financial engineering, derivative pricing, derivative sensitivities and risk measurement methodologies
• You are knowledgeable about capital markets, data and statistical analysis, hedging concepts, trading conventions, market and credit risk management, and stress testing
• You are familiar with market regulatory framework and trends, and risk management practices in connection with financial institutions
Research & Analytical Skills:
• You can perform high level of risk analyses using superior mathematical, statistical and analytical skills
• You have a proven ability to develop effective quantitative risk management tools and automated solutions
• You must be able to research and comprehend complex academic and industry papers and implement relevant financial, statistical, and mathematical concepts into practice where necessary
Computer Skills:
• You have expertise in the use of databases, information technology systems, and programming languages (e.g. Microsoft Excel, Microsoft Access, Visual Basic for Applications (VBA), Python, SQL etc.)
• You have computer programming and quantitative analytical skills in mathematical finance and financial engineering, and experience in the automation of financial system processes
Communication & Leadership Skills:
• You have excellent presentation and oral and written communication skills to impart complex information in a relevant and simple manner
• You have excellent time management and leadership skills
Don't meet every qualification?
If you are excited about this position and meet most, but not all, of the listed qualifications, please still consider applying. We recognize that no one person might have every qualification in this job ad, and you just might be the right candidate!
How we support diversity, inclusion and accessibility
We are building an inclusive workforce that reflects the communities we serve. We encourage everyone interested in working with us to apply, including people with disabilities, Indigenous, Black and racialized individuals, as well as people from all ethnicities, cultures, sexual orientations, gender identities and gender expressions.
Our hiring process is accessible, consistent with Ontario's
Human Rights Code and the
Accessibility for Ontarians with Disabilities Act, 2005. We are working to prevent and remove barriers in our hiring processes and can offer
accommodation to address specific needs related to Code-protected grounds such as disability, family status and religion. For more information about accommodation during the hiring process please
contact us.Learn more about the work the OPS is doing to create an inclusive, anti-racist, accessible and diverse workplace: