Director, Stress Testing

6 days ago

Toronto, Canada EQ Bank | Equitable Bank Full time
Join a Challenger

Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.

We are a big (and growing) family. Overall we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.

The Work

Reporting to the Sr. Director, Head of Portfolio Strategy and Analytics in the department of Enterprise Risk Management, and the incumbent will be responsible for overseeing the implementation, development, and enhancement in both modelling and reporting with respect to Stress Testing, as well as supporting the quantification of ICAAP Pillar II risks.

This position will execute on the delivery in the following areas:

Stress Testing – Lead the end-to-end execution of the Stress Testing program as well as advance the enterprise in the use of Stress Testing for decision making and risk management purposes.

ICAAP – Support the quantification of ICAAP Pillar 2 components, such as Concentration Risk and Risk Diversification.

The role will further support Risk Management in all aspects of the enterprise-wide risk management program for the identification and assessment of risks throughout the organization.

Core Parts Of The Role Would Br T

  • Promote the use of Stress Testing to support decision making and risk management within the organization:
  • Communicate the current economic conditions and plausible stress scenarios to Sr. Management and stakeholders regularly,
  • Communicate Stress Testing outcomes (Quarterly, ad-hoc, OSFI) to Sr. Management and stakeholders,
  • Work with Sr. Management to derive Risk Limits per product, sub-product offerings, using stress testing,
  • Coordinate with Finance to provide scenarios, credit provisions, aligning with budget forecast projections,
  • Support BAU stress testing for the Board
  • Lead the development and identification of stress scenarios and risk factors across different risk types:
  • Develop stress scenarios, aligning with Sr. Management forward looking view
  • Work with business lines to assess stress conditions, identified respective risk factors, and tailored to respective portfolios
  • Develop econometric models that connect risk factors and stress scenarios such that their relationship agrees with business intuition, historical observations, and Sr. Management forward looking view,
  • Communicate the quantification of stress and factor scenarios with stakeholders
  • Lead the integration of the enterprise-wide Stress Testing program across risk types:
  • Ensure the comprehensiveness of risk assessment (risk registry),
  • Ensure the use of consistent risk measures across risk types,
  • Lead the end-to-end implementation of the Credit Risk stress testing program,
  • Coordinate and support the development and quantification of non-Credit Risk stress testing program,
  • Lead and coordinate the calculation of the integrated Stress Testing.
  • Lead and coordinate the communication of the enterprise-wide stress testing program to Validation and stakeholders
  • Support the quantification of the ICAAP Pillar 2 Risks and promote the use of EC for credit decision:
  • Lead the development of methodologies for Concentration Risk and Risk Diversification,
  • Promote the use-case of EC for Credit Lending purpose through Pricing (RAROC, optimization, etc.)
  • Lead and support the development of the Team’s core function while mentoring and assisting in staff’s professional growth

Let's Talk About You

  • 10+ years of professional experience in model development, validation, or risk management roles in the banking, consulting, or financial industry
  • Advanced knowledge and experience in econometrics, risk modelling, statistics, stress testing, and time series analysis
  • PhD or master in in quantitative field such as an Engineering, Math, Economics or Statistics; CFA and FRM preferred
  • Experience leading enterprise initiatives with successful execution and delivery.
  • Excellent oral and written communication skills as well as excellent presentation skills with ability to conduct presentations comfortably to senior and executive management
  • Ability to pro-actively identify and solve problems and escalate issues through the proper governance protocols and channels
  • Expert in developing risk models using R or Python
  • High attention to detail, ability to review and recommend actions to solve business problems
  • Strong organization, time management and multi-tasking skills; managing multiple deadlines at one time
  • Strong analytical ability for portfolio monitoring and stress testing
  • Expert understanding of A-IRB, ICAAP, and IFRS-9 models
  • Hands-on and detail-oriented reporting of risk numbers to senior management
  • Effectively manage and mentor junior team members; lead by example and align each team members’ focus into a single cohesive vision

What we offer [For full-time permanent roles]

💰 Competitive discretionary bonus

✨ Market leading RRSP match program

🩺 Medical, dental, vision, life, and disability benefits

📝 Employee Share Purchase Plan

👶🏽 Maternity/Parental top-up while you care for your little one

🏝 Generous vacation policy and personal days

🖥 Virtual events to connect with your fellow colleagues

🎓 Annual professional development allowance and a comprehensive Career Development program

💛 A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well.

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We can’t wait to get to know you

  • Associate Director, Stress Testing

    6 months ago

    Toronto, Canada EQ Bank | Equitable Bank Full time

    **The Work** The Associate Director of Stress Testing reports directly to the Director of Risk Operations and Analytics. In this role, the incumbent will assume responsibility for supporting the co-ordination, development, and execution of stress testing programs, including Enterprise-Wide Stress Testing (EWST), OSFI Macro Stress Testing (MST), Internal...

  • Director, Liquidity Stress Testing

    2 months ago

    Toronto, Canada Scotiabank Full time

    Requisition ID: 208684 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. The Director, Liquidity Stress Testing will enhance the Liquidity Management role within Group Treasury by providing thought leadership and guidance on the development of internal stress scenarios & corresponding assumptions. The...

  • Director, Stress Testing

    6 days ago

    Toronto, ON, Canada EQ Bank | Equitable Bank Full time

    Join a Challenger Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing...

  • Director, Stress Testing

    6 days ago

    Toronto, ON, Canada EQ Bank | Equitable Bank Full time

    Join a Challenger Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing...

  • Associate Director, Stress Testing Analytics

    5 months ago

    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** RBC is hiring an Associate Director of Stress Testing Analytics. This role will be responsible for the development and implementation of stress test tools supporting the data generation and aggregation for various internal and regulatory stress testing programs, working with RBC economics to produce economic projections, building analytical...

  • Associate Director, Stress Testing

    6 months ago

    Toronto, Canada Equitable Bank Full time

    Core Parts Of The Role Would Br TStress Scenarios (20%)Design, develop, and maintain a process to identify risks including emerging risk and market sentiment. Design, develop, and maintain a process to define stressed scenarios appropriate for EWST, ICAAP, and recovery plan. Lead the co-ordination of stressed scenario forecasts and oversee the narrative of...

  • Associate Director

    5 days ago

    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** **APPLICATION DEADLINE: DECEMBER 20, 2024** **What is the opportunity?** RBC Caribbean Banking (“RBCC”) is hiring an Associate Director of Stress Testing & Treasury Analytics Caribbean. This role will be responsible for the development and implementation of stress testing tools to support the data generation and aggregation for various...

  • Risk Management Director, Stress Testing and Analytics

    3 weeks ago

    Toronto, Ontario, Canada Equitable Bank Full time

    Job OverviewEquitable Bank is seeking a highly skilled Risk Management Director to lead its stress testing and analytics functions. This is an exciting opportunity for a seasoned professional to join our team and contribute to the bank's risk management efforts.

  • Director, Credit

    6 months ago

    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** You will be responsible to provide review and ongoing support by overseeing staff that is responsible for documentation, and post-implementation testing of the ECL production process, used in the measurement of Expected Credit Loss, Provision for Credit Losses, Allowance for Loan and Lease Losses, and Stress Testing. **What is the...

  • Enterprise Stress Testing Manager

    3 weeks ago

    Toronto, Ontario, Canada Equitable Bank Full time

    Job DescriptionWe are seeking a highly skilled Enterprise Stress Testing Manager to join our team at Equitable Bank.Job SummaryThe successful candidate will lead the development and implementation of stress testing programs, working closely with senior management to drive business decisions.Key ResponsibilitiesStress Scenario Development (20%)Design,...

  • Manager - Stress Testing Analytics

    6 months ago

    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** RBC is hiring a Manager of Stress Testing Analytics. This role will be responsible for the implementation and execution of stress test tools supporting the data generation and aggregation for various internal and regulatory stress testing programs, working with RBC economics to produce economic projections, building analytical tools and...

  • Enterprise Stress Testing Strategist

    4 days ago

    Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time

    Competitive Salary: $180,000 - $220,000 per annum**Company Overview**Equitable Bank, a leading Canadian bank, is seeking an experienced professional to join our team as an Enterprise Stress Testing Strategist. Our organization prides itself on innovation and challenging the traditional banking experience, making us an attractive destination for professionals...

  • Associate Director

    3 months ago

    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** You will be responsible for ensuring the accuracy and scalability of ECL production process through, providing review and advisory of production source code, execution of post-implementation testing, implementation documentation, and development of continuous assurance solutions. This role gives the incumbent the opportunity to work across...

  • Associate Director

    2 days ago

    Toronto, Canada Royal Bank of Canada Full time

    Job Summary ...

  • Manager, Us Stress Testing

    4 weeks ago

    Toronto, Canada BMO Financial Group Full time

    100 King Street West Toronto Ontario,M5X 1A1 Supports the research and development of stress testing and scenario analysis methodologies and related strategies in support of the management of risks arising from changes in the market and external environment for business/group portfolios and products. Applies knowledge of analytics algorithms and...

  • Manager, Liquidity Stress Testing

    6 months ago

    Toronto, Canada Scotiabank Full time

    Requisition ID: 196886 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. The Manager, Liquidity Stress Testing will contribute to the overall success of the Liquidity Stress Testing Management team within Group Treasury in Toronto ensuring specific individual goals, plans, initiatives are executed /...

  • Chief Risk Management Officer, Enterprise Stress Testing

    3 weeks ago

    Old Toronto, Canada Equitable Group Full time

    Equitable Bank is a forward-thinking financial institution dedicated to innovating the banking experience for Canadians.We are seeking an experienced Associate Director of Stress Testing to join our team. This role will play a key part in driving change in Canadian banking and enriching people's lives.

  • Cardiac Stress Test Technician

    6 months ago

    Toronto, Canada Appletree Shared Services Corporation Full time

    Who We Are Appletree Shared Services Corporation is the most progressive multi-disciplinary medical group in Canada. We assist and manage the practices of Ontario’s best family physicians and specialists, including physicians offering virtual healthcare services. For over two decades, we have worked with bright and motivated individuals on our...

  • Manager, Enterprise Stress Testing

    2 months ago

    Toronto, Canada Scotiabank Full time

    Requisition ID: 207881 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Is this role right for you? In this role you, will**: - Develop and implement the credit risk models using technology platforms, primarily utilizing Python. It involves models that forecast credit rating migration probabilities...

  • Manager, Regulatory Stress Testing Forecast

    3 months ago

    Toronto, Canada TD Bank Full time

    **Work Location**: Canada **Hours**: 37.5 **Line of Business**: Data & Analytics **Pay Details**: **Department Overview** **The Treasury and Balance Sheet Management (TBSM) department of TD Bank Group is responsible for the management of TD Bank's consolidated non-trading market risk, foreign exchange risk, liquidity risk, funding strategies, and capital...