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Lead, Client Market Risk Data and Analytics

Wealthsimple

Wealthsimple

Data Science
Canada
Posted on Thursday, August 31, 2023
Your career is an investment that grows over time!
Wealthsimple is on a mission to help everyone achieve financial freedom by reimagining what it means to manage your money. Using smart technology, we take financial services that are often confusing, opaque and expensive and make them transparent and low-cost for everyone. We’re the largest fintech company in Canada, with over 3 million users who trust us with more than $20 billion in assets.
Our teams ship often and make an impact with groundbreaking ideas. We're looking for talented people who keep it simple and value collaboration and humility as we continue to create inclusive and high-performing teams where people can be inspired to do their best work.
About the team :
The client risk team is a new and fast growing function at Wealthsimple. We are looking for someone to lead this function and play a critical role in developing the framework and data driven approach to quantifying the risks created by new financial product offerings across our business lines.
This individual will leverage a deep understanding of retail trading data to account for market conditions, historical volatility, user growth and concentration of positions/trades that could result in outsized exposures for the business. They will apply this knowledge to study and monitor our customers’ retail trading portfolios and partner with product teams to inform good risk/reward trade offs for new product launches.

In this role, you will have the opportunity to:

  • Understand and effectively communicate the key drivers of various risk metrics to relevant stakeholders
  • Build risk models to quantify risk of our clients’ retail trading portfolios; design strategies to manage exposure
  • Partner with retail trading product leadership team on new trading products to make risk and reward trade offs
  • Aggregate client-level risks of various strategies and products to understand the likelihood and potential severity of risk exposure events
  • Propose and implement controls to senior stakeholders based on risk level analysis
  • Quantify client-level risks created by how clients are using our products to understand risks both at an aggregate and individual level
  • Work with some exciting new brokerage products, i.e. options, margin, etc.
  • Scale the team over time as business needs expand
  • Set organizational standards and influence our data science and engineering culture

Skills we are looking for:

  • Knowledge of market risk, VaR, correlations & sensitivities (greeks) and regulatory requirements (e.g., FRTB)
  • Strong data skills: dashboards, reporting, visualization, data manipulation, monte carlo simulation
  • Experience with scenario analysis and stress testing
  • Experience in capital markets, quantitative finance, risk management or statistical analysis (nice to have professional risk/finance certifications e.g., FRM, PRM, CFA)
  • Leadership experience: managing small technical teams or projects
  • Domain knowledge in market risk management
  • Proficient in Python and SQL
  • Excellent communication skills to partner with cross-functional teams
Why Wealthsimple?
🤑 Competitive Salary with top-tier health benefits and life insurance
📈 Retirement savings matching plan using Wealthsimple Work
🌴 20 vacation days per year and unlimited sick and mental health days
📚 Up to $1500 per year towards wellness and professional development budgets respectively
🛫 90 days away program: Employees can work internationally in eligible countries for up to 90 days per calendar year
🌎 A wide variety of peer and company-led Employee Resource Groups (ie. Rainbow, Women of Wealthsimple, Black @ WS)
💖 Company-wide wellness days off scheduled throughout the year
We’re a remote-first team, with over 1000 employees coast to coast in North America. Be a part of our Canadian success story and help shape the financial future of millions — join us!
Read our Culture Manual and learn more about how we work.
DEI Statement
At Wealthsimple, we are building products for a diverse world and we need a diverse team to do that successfully. We strongly encourage applications from everyone regardless of race, religion, colour, national origin, gender, sexual orientation, age, marital status, or disability status.
Accessibility Statement
Wealthsimple provides an accessible candidate experience. If you need any accommodations or adjustments throughout the interview process and beyond, please let us know, and we will work with you to provide the necessary support and make reasonable accommodations to facilitate your participation. We are continuously working to improve our accessibility practices and welcome any feedback or suggestions on how we can better accommodate candidates with accessibility needs.