Director, Capital and Stress Testing

Director, Capital and Stress Testing - Vancity Join to apply for the Director, Capital and Stress Testing role at Vancity. Our Story & Purpose We’re Vancity, a member‑owned credit union built on the principles of inclusion and social justice. Since 1946, our relentless commitment to these values has helped us challenge the status quo and break down barriers. We’ve made bold commitments to become net‑zero by 2040 across all mortgages and loans, and we’re actively pursuing strategies in Indigenous banking and financial resilience for our members. As the largest private‑sector Living Wage Employer in Canada, we’re proud to be consistently recognized as one of the country’s Top Employers. Your Role In Supporting Our Members As the Director, Capital and Stress Testing, you will lead the second line oversight of capital adequacy and stress testing processes at Vancity. This role is responsible for establishing validation frameworks for capital usage, overseeing the Internal Capital Adequacy Assessment Process (ICAAP), and ensuring that capital risk is effectively measured and managed. Reporting to the VP Risk Management – Finance and Treasury, you will serve as a key liaison with regulators and internal stakeholders, ensuring that capital planning aligns with enterprise risk appetite and regulatory expectations while supporting Vancity’s mission of financial inclusion and community impact. This is a permanent role with a hybrid working arrangement, primarily from the Vancity head office location and your Lower Mainland‑based home office. You may be required to work on‑site several days each week to support executive collaboration and regulatory engagement. How You'll Make An Impact Design and implement the governance framework for capital risk measurement and stress testing from inception, ensuring alignment with Vancity’s mission and regulatory expectations. Build a lean, high‑performing team fostering a collaborative and mission‑driven culture while maintaining independence and accountability. Establish validation processes for finance’s measurement of capital usage, ensuring accuracy and consistency in capital calculations and escalating concerns as needed. Lead the governance and continuous enhancement of Vancity’s ICAAP, bringing together capital forecasts, risk assessments, and forward‑looking analysis in close partnership with Finance, Treasury, and other stakeholders. Ensure stress testing processes generate clear insights that guide decisions on balance sheet management, capital allocation and sustainable growth. Support the VP, Risk Management – Finance & Treasury as a key liaison with regulators and across Finance, Treasury, and Risk to ensure integrated planning. What You’ll Bring To The Team Bachelor’s degree in Finance, Business, or a related field. An MBA or similar advanced degree is an asset. Chartered Financial Analyst (CFA) or Chartered Risk Management Professional (CRMP) designation preferred. 8+ years of experience in capital planning, stress testing, ICAAP or related areas in a financial institution or regulator environment. Strong leadership skills with experience building and developing teams. Deep understanding of capital adequacy regulations, stress testing methodologies, and risk management frameworks. Proven track record of establishing processes and governance from the ground up, and providing strategic oversight of complex risk measurement frameworks. Exceptional communication and stakeholder management skills, including experience engaging with regulators. You’ll Thrive Here If You Are Strategic – connecting capital risk management to Vancity’s broader mission, balancing prudential expectations with purpose‑driven goals. Analytical – possessing advanced skills in capital modeling and stress testing, spotting anomalies and ensuring accuracy in capital adequacy calculations. Collaborative – building strong partnerships across Finance, Risk, and Treasury, fostering a culture of shared accountability and integrated planning. Regulatory‑savvy – understanding OSFI requirements and capital adequacy frameworks, translating them into practical, mission‑aligned frameworks. People‑focused – leading and growing a team, creating an environment where analysts can thrive and contribute to the organization’s resilience. What You’ll Earn The salary range for this role is $121,000 to $181,200 annually. Base pay offered may vary depending on relevant qualifications, skills, previous experience and internal equity. As part of our total rewards package, you will be eligible for our annual incentive program, subject to program eligibility requirements. Why You’ll Love Working Here Largest private‑sector Living Wage Employer in Canada and consistently ranked among Canada’s Top Employers. Customizable benefits: permanent employees receive flexible benefit packages tailored annually to meet evolving needs. Generous vacation: 3‑4 weeks per year, with additional days earned over time. Extra statutory holidays: 2 additional days plus care days for personal or family illness. Immediate health coverage: health and dental benefits begin on hire date with three levels of coverage to choose from. Defined benefit pension: a guaranteed income for life. Vancity Talent Programs Vancity supports an inclusive hiring process for candidates who self‑identify as Indigenous, Black, or Trans. With special permission from the BC Human Rights Commissioner, this initiative provides access to career development opportunities, prioritized job screening, and feedback. Any information you share will be stored securely and used only for recruitment and career development, in line with the BC Personal Information Protection Act (PIPA). At Vancity, we are committed to a welcoming and inclusive workplace that creates and supports human capital and thrives on the diversity of our community. Accessibility and Accommodations We are committed to an inclusive, barrier‑free and accessible recruitment experience for all candidates. If you require any accommodations or support at any stage of the recruitment process, please contact our Talent Acquisition team at recruitment@vancity.com. #J-18808-Ljbffr