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Quantitative Risk Manager Jobs in British Columbia

Z1 Tech

Quantitative Trader

Vancouver, BC · On-site

This role involves developing and implementing quantitative models to identify trading ... Design, backtest, and optimize algorithmic trading models to improve performance and manage risk ...

New

Vancity

Senior Consultant, Model Validation

Toronto, ON · Hybrid

CA$96K - CA$125K/yr

A minimum of 8+ years of experience in model validation, model risk management, or quantitative risk analytics within financial services * Demonstrated experience validating models across areas such ...

Vancity

Senior Consultant, Model Validation

Vancouver, BC · Hybrid

CA$96K - CA$125K/yr

A minimum of 8+ years of experience in model validation, model risk management, or quantitative risk analytics within financial services * Demonstrated experience validating models across areas such ...

The Consumer Goods Forum

Manager Treasury

Vancouver, BC · On-site

CA$120K - CA$130K/yr

We are a leading independent wealth management firm in Canada, and the leading mid-market provider ... and risk teams * Strong quantitative and analytical abilities for forecasting, modeling, and ...

KPMG

Senior Manager, Root Cause Analysis

Langley, BC · On-site

The Audit Risk Management Group promotes audit quality through key monitoring and compliance ... Perform detailed 5-why analysis over quantitative and qualitative information. * Present findings ...

KPMG

Senior Manager, Root Cause Analysis

Kamloops, BC · On-site

The Audit Risk Management Group promotes audit quality through key monitoring and compliance ... Perform detailed 5-why analysis over quantitative and qualitative information. * Present findings ...

KPMG

Senior Manager, Root Cause Analysis

Victoria, BC · On-site

The Audit Risk Management Group promotes audit quality through key monitoring and compliance ... Perform detailed 5-why analysis over quantitative and qualitative information. * Present findings ...

KPMG

Senior Manager, Root Cause Analysis

Quesnel, BC · On-site

The Audit Risk Management Group promotes audit quality through key monitoring and compliance ... Perform detailed 5-why analysis over quantitative and qualitative information. * Present findings ...

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All JobsQuantitative Risk JobsQuantitative Risk Manager JobsQuantitative Risk Manager Jobs in British Columbia

Quantitative Risk Manager information

What can I do with a quantitative risk management degree?

A degree in quantitative risk management prepares individuals for roles such as risk analyst, risk manager, or quantitative analyst in finance, insurance, or consulting firms. These roles involve assessing and modeling financial risks using statistical tools, programming languages like Python or R, and risk management frameworks. Professionals in this field often work with regulatory compliance and may pursue certifications like FRM or PRM.

What is the salary of a quant risk manager?

A quantitative risk manager's salary typically ranges from $100,000 to $200,000 annually, with higher compensation often associated with experience, advanced degrees, and certifications such as FRM or CFA. In addition to base salary, bonuses and performance incentives can significantly increase total compensation in this role.

What does a quantitative risk manager do?

A quantitative risk manager analyzes financial data and models to identify, measure, and manage risks within an organization. They use statistical techniques, programming skills, and risk management tools to develop strategies that minimize potential losses and ensure regulatory compliance.

How does a Quantitative Risk Manager typically collaborate with other departments within a financial institution?

Quantitative Risk Managers work closely with teams such as trading, compliance, IT, and senior management to identify, measure, and mitigate financial risks. They often translate complex quantitative models into actionable insights for non-technical stakeholders and facilitate the integration of risk metrics into daily decision-making processes. Collaboration is essential for ensuring that risk assessments align with business objectives and regulatory requirements, often requiring regular cross-functional meetings and clear communication.

What are the key skills and qualifications needed to thrive as a Quantitative Risk Manager, and why are they important?

To thrive as a Quantitative Risk Manager, you need strong analytical abilities, a deep understanding of statistics and financial mathematics, and typically an advanced degree in finance, mathematics, or a related field. Proficiency in programming languages like Python or R, experience with risk modeling software, and certifications such as FRM or CFA are highly valuable. Exceptional problem-solving, communication, and collaboration skills help you convey complex risk metrics to stakeholders and work effectively in cross-functional teams. These skills ensure accurate risk assessments, regulatory compliance, and informed decision-making in dynamic financial environments.

How much do quant risk managers make?

Quantitative risk managers typically earn between $100,000 and $200,000 annually, with senior roles and those in major financial centers earning higher salaries. Compensation often includes bonuses and benefits, and strong skills in mathematics, programming, and risk modeling are essential for higher-paying positions.

What is a Quantitative Risk Manager?

A Quantitative Risk Manager is a professional who uses mathematical models, statistical analysis, and quantitative techniques to identify, measure, and manage financial risks within an organization. They often work in banks, investment firms, or insurance companies to analyze market, credit, and operational risks. Their responsibilities include developing risk models, monitoring risk exposures, and advising senior management on risk mitigation strategies. They play a key role in ensuring that organizations make informed decisions and comply with regulatory requirements.

What is the difference between Quantitative Risk Manager vs Quantitative Analyst?

AspectQuantitative Risk ManagerQuantitative Analyst
Primary FocusAssessing and managing risk exposure across financial portfoliosDeveloping models and algorithms for investment strategies
Required CredentialsAdvanced degrees in finance, mathematics, or related fields; certifications like FRM or CFADegrees in finance, mathematics, or statistics; often pursuing CFA or similar
Work EnvironmentFinancial institutions, risk management departmentsInvestment firms, hedge funds, banks
Key SkillsRisk assessment, regulatory knowledge, quantitative modelingData analysis, programming, financial modeling

While both roles involve quantitative skills and financial knowledge, Quantitative Risk Managers focus on identifying and mitigating risks within organizations, whereas Quantitative Analysts primarily develop models to inform investment decisions. Understanding these differences helps professionals choose the right career path or job search focus.

What are popular job titles related to Quantitative Risk Manager jobs in British Columbia? For Quantitative Risk Manager jobs in British Columbia, the most frequently searched job titles are:
What job categories do people searching Quantitative Risk Manager jobs in British Columbia look for? The top searched job categories for Quantitative Risk Manager jobs in British Columbia are:
Quantitative Risk Manager jobs near you

Senior Quantitative Risk Specialist

Coast Capital Savings

Surrey, BC • Hybrid

CA$82K - CA$118K/yr

Other

Re-posted 22 days ago

Job description

Location(s): Greater Vancouver Area; Greater Toronto Area

Job Type: Full Time Regular 

myWork Program: Hybrid

Starting Salary Range: $82,900.00 - $118,000.00

Background Screening Requirement: 

  • Enhanced Criminal Record Check
  • Credit Check
  • Identity Verification 
  • Employment Verification
  • References

Job Purpose

The Senior Quantitative Risk Specialist designs, implements, and validates quantitative risk models for a wide range of internal customers, as well as external regulators. The models measure, stress, and forecast various risks within the organization, including market risk, liquidity risk, capital risk etc. The Senior Specialist also monitors and provides independent oversight of Treasury operations ensuring adherence to approved policies and procedures. This role is highly technical in nature and requires the incumbent to develop analytically based solutions with a strategic mindset.

This role is hybrid remote based out of our Toronto office (3610, 181 Bay Street, Toronto, Ontario) or Surrey office (9900 King George Blvd, Surrey, British Columbia). Currently the team meets in office 1-2 times per month at most based on business needs.

Accountabilities

  • Lead and support the validation of treasury and finance models underpinning key regulatory risk metrics, ensuring methodological soundness and regulatory compliance.
  • Lead response to model-related inquiries from internal customers and external regulators.
  • Lead the design, development, and management of Treasury deposit models used for IRRBB risk management, pricing and economic capital.
  • Generate independent, accurate and timely market risk management information as required.
  • Carry out benchmarking and backtesting analyses to validate models and provide continuous model performance evaluation & tuning.
  • Prepare and review model documentation and communication materials.
  • Present analysis of findings to stakeholders.
  • Working with stakeholders, develop, implement, and execute processes to ensure that existing or emerging factors impacting Coast's market, liquidity, and interest rate risks have been properly identified.
  • Mentor junior members of the team as needed.

Skills & Qualifications

  • Minimum 4 - 6 Years of Job-Related Experience
  • Experience in quantitative risk analytics, model development and familiarity with bank balance sheets
  • Master's Degree preferred.
  • Completion of or enrolment in GARP's (Global Association of Risk Professionals) FRM preferred. Knowledge/experience in multivariate statistics, derivatives pricing, optimization methods, Monte Carlo simulation methods, economic capital models, and econometrics preferred.
  • Significant experience in computer programming (Python)
  • Excellent problem-solving skills
  • Advanced knowledge of financial quantitative modelling and statistics
  • Proficiency in software applications, including MS Office
  • Ability to communicate a wide range of technical concepts to audiences of various backgrounds
  • Strong communication skills
  • Ability to exercise sound professional judgment and to work independently.
  • Attention to detail

Equity, Diversity & Inclusion at Coast Capital

Don't meet every single requirement? At Coast Capital, we believe everyone has potential. We are committed to building better, brighter, more inclusive futures for everyone - including our employees. We see the potential in our employees to achieve amazing things and want to invest in your future. If you're excited about this career opportunity and your experience may not perfectly align with every qualification in this job posting, we still encourage you to apply. You may be just the right candidate for this or other opportunities at Coast Capital.

At Coast Capital, we are committed to equity, diversity and inclusion. We strongly encourage applications from Indigenous Peoples, Black, and racialized persons, persons with disabilities, people of diverse sexual and gender identities and women. We value applicants who have demonstrated a commitment to equity, diversity and inclusion and recognize that diverse perspectives, experiences and expertise benefit of our employees, our members, and our community.

Coast Capital is committed to providing an accessible recruitment experience. If you are a candidate with a disability and require accommodation(s) during any stage of the recruitment process, please contact us at accessibility@coastcapitalsavings.com or 778-391-5836. This contact is intended solely for inquiries or feedback related to accessibility barriers, accommodation requests or alternate format requests. We will work with you to ensure your needs are met. You will only receive a response to inquiries related to these topics. 

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