Manager, Quantitative Market Risk

Wealthsimple
Canada
Workplace: RemoteFull timeFunction: Capital Markets, Trading & QuantExperience: 7-10 yearsSkills: ["Written communication","Independent problem solving","Documentation","Cross-functional collaboration","Team leadership"]

Own the development, testing, and maintenance of quantitative risk models used for daily decisions, including VaR, SVaR, and broad-based and single-stock stress testing. Maintain clear methodology documentation and apply deep knowledge of CIRO 5000 margin rules to model capital and margin impacts under stressed conditions. Build production-quality model infrastructure with expert quantitative programming skills, and partner cross-functionally to translate complex outputs into actionable guidance in a CIRO-regulated brokerage environment.

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FursaFursa
Wealthsimple
Wealthsimple
1 week ago

Manager, Quantitative Market Risk

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Source: Company careers pageValidated by: Fursa AI
Last checked: 12 hours agoStatus: Live

Job Summary

Own the development, testing, and maintenance of quantitative risk models used for daily decisions, including VaR, SVaR, and broad-based and single-stock stress testing. Maintain clear methodology documentation and apply deep knowledge of CIRO 5000 margin rules to model capital and margin impacts under stressed conditions. Build production-quality model infrastructure with expert quantitative programming skills, and partner cross-functionally to translate complex outputs into actionable guidance in a CIRO-regulated brokerage environment.
Location: Canada
Workplace: Remote
Employment Type: Full time
Job Function: Capital Markets, Trading & Quant
Seniority: Manager level

Key Responsibilities

  • •Own development, testing, and ongoing maintenance of quantitative risk models including VaR, SVaR, broad-based stress testing, and single-stock stress testing.
  • •Write and maintain methodology documentation so stakeholders understand model usage and outputs.
  • •Apply CIRO 5000 margin rules to model margin requirements and capital impacts under stressed conditions.
  • •Develop production-quality code across multiple programming languages to build and improve model infrastructure.
  • •Proactively identify and flag model performance issues and translate complex outputs into clear, actionable guidance for cross-functional teams.
Travel: Medium travel

Pay and Benefits

Perks:Health Insurance

Key Requirements

  • •7 to 10 years of experience in quantitative risk or quantitative analytics in financial services, preferably CIRO-regulated brokerage.
  • •Hands-on model development experience across stress testing methodologies including VaR, SVaR, broad-based stress testing, and single-stock stress testing.
  • •Deep knowledge of markets, trading instruments, and valuation principles across equities, options, futures, and fixed income.
  • •Deep understanding of CIRO 5000 margin rules and ability to model how margin requirements and capital are impacted under stressed conditions.
  • •Expert-level proficiency in at least one quantitative programming language (Python, R, or similar) to develop production-quality code and strong methodology documentation skills.
Experience:7-10 yearsFinancial servicesQuantitative riskQuantitative analytics
Education:
Skills:Written communicationIndependent problem solvingDocumentationCross-functional collaborationTeam leadership
Certifications:CFAFRMDFOL
Tech Stack:PythonR

Company Brief

Wealthsimple
Wealthsimple is a Canadian fintech offering automated investing, savings, tax filing, crypto trading, and cash accounts with a focus on low-cost, user-friendly financial services for retail customers.
Industry: Wealth Management
Company Size: Enterprise (1,001+ employees)
Growth: Scaleup
Valuation: Unicorn (USD 1B+)
Headquarters: Toronto, Canada
Founded: 2014
WebsiteLinkedIn