Manager, Quantitative Market Risk

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Wealthsimple is Canada’s leading financial innovator. The company offers a full suite of simple, sophisticated financial products across managed investing, do-it-yourself trading, cryptocurrency, tax filing, spending and saving. Wealthsimple currently serves more than 4 million Canadians and holds over $155 billion in assets under administration. The company was founded in 2014 by a team of financial experts and technology entrepreneurs, and is headquartered in Toronto, Canada.

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About the team

Operations is the team that makes everything run. Within Operations, the Credit Risk team owns the models, frameworks, and day-to-day execution that keep Wealthsimple's brokerage business running soundly — across margin, delinquency, and dynamic risk reporting. We're a high-ownership team that works closely with Product, Finance, and the business to close gaps, reduce friction, and build for scale. If you take risk seriously and want your work to have a direct impact on how millions of Canadians experience their finances, you'll feel at home here.

About the role

We manage billions of dollars on behalf of millions of Canadians, and doing that well means having people who understand not just what a model says — but whether it's saying something meaningful. This is a risk quant role in the true sense: you'll own the development, maintenance, and methodology of the models our teams depend on to make consequential decisions every day. You'll work across margin, stress testing, and capital impact modelling in a CIRO-regulated environment, and you'll be the person who knows when something is off and can fix it.

What you'll do

Own the development, testing, and ongoing maintenance of quantitative risk models, including VaR, SVaR, broad-based stress testing, and single-stock stress testing — updating them as market conditions and regulatory requirements evolve

Write and maintain clear methodology documentation for every model used in day-to-day stakeholder decisions, so the teams consuming your outputs understand what they're working with

Apply deep knowledge of CIRO 5000 margin rules to model how margin requirements and capital would be impacted under a range of stressed conditions

Develop production-quality code across multiple programming languages to build, maintain, and improve model infrastructure

Work cross-functionally with margin, delinquency, and dynamic risk reporting teams to support risk-cognizant decision-making — translating complex model outputs into clear, actionable guidance

Identify and flag model performance issues proactively, including cases where outputs may be inaccurate or non-meaningful given current market conditions

Skills you bring

7 to 10 years of experience in a quantitative risk or quantitative analytics role within financial services, preferably in a CIRO-regulated brokerage environment

Genuine hands-on model development experience across stress testing methodologies including VaR, SVaR, broad-based stress testing, and single-stock stress testing — not just model consumption

Deep knowledge of markets, trading instruments, and valuation principles across equities, options, futures, and fixed income

Deep understanding of CIRO 5000 margin rules and the ability to model how margin requirements and capital would be impacted under stressed conditions

Expert-level proficiency in SQL and Python (R being a plus), with demonstrated ability to develop production-quality code

Strong written communication skills, including the ability to produce clear methodology documentation for both technical and non-technical audiences

Ability to work independently on complex technical problems and deliver under tight deadlines without requiring hands-on management through the work

Ability to lead a small team. Depending on the candidate's qualifications/skills, they may be evaluated for a Senior Manager position.

Nice to have