Associate Director, Stress Testing

7 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 Capital Adequacy Assessment Process (ICAAP) stress testing, and Climate Risk stress testing. This role will support the stress testing initiatives and coordinate cross-functional teams to ensure the fulfillment of all stress testing requirements and compliance with regulatory guidelines. Collaborating closely with senior management, the Associate Director will support formulation of roadmaps and implementation plans while providing thought analytics to the team.

**Core Parts Of The Role Would Br T**:

- ** Stress 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 economic outlook used in the stress testing.
- Review quarterly BAU stress testing scenarios and results with senior management. Lead the quarterly BAU stress testing reporting and analysis.
- **Enterprise-Wide Stress Testing (EWST) (30%)**:

- Support the design, development, and maintain the EWST roadmap, including implementation plan, policy and procedures, and infrastructure.
- Ensure that the Bank’s Stress Testing policy and procedures align with relevant regulatory guidelines i.e., OSFI E-18, OSFI E-19, OSFI B-15, and BCBS 450.
- Support the end-to-end development and implementation of the enterprise stress testing program.
- Support enhancement of technology infrastructure and underlying processes for an enterprise-wide stress testing solution, integrating results from stress testing of Credit risk, Liquidity and Funding risk, Market risk, and Operational risk.
- Coordinate and manage key relationships with Finance, Treasury, Business Lines, Model Development, and Model Validation for timely delivery against the EWST roadmap.
- Support a robust stress testing governance process with adequate controls and oversight.
- Co-ordinate and Support execution of credit risk and operational risk stress testing. Provide effective challenge for liquidity and funding risk and market risk stress testing.
- Provide expertise to advance the use of stress testing results for Senior Management decision making and risk management purposes.
- Drive ad-hoc stress testing, including stress testing to evaluate new products, acquisition of portfolios etc. Support Integration of stress testing to derive risk appetite limits.
- **Regulatory Stress Testing (20%)**:

- Co-ordinate and support interpretation of scenarios and requirements for regulatory stress testing such as OSFI Macro Stress Testing (MST). Provide responses to ongoing OSFI questions.
- Participate in forums organized by Canadian Bankers Association (CBA) and OSFI to represent the Bank’s stress testing program.
- Support execution of credit risk and operational risk stress testing. Provide effective challenge for liquidity and funding risk and market risk stress testing. Provide expertise to interpret stress testing results for Senior Management and provide thought leadership in forecasting management actions in response to the impact of stressed results.
- **ICAAP Stress Testing (10%)**:

- Support design, development, and maintain Stress Testing to support ICAAP.
- Lead execution of battery of stress tests to support quarterly ICAAP.
- Support analytics to determine appropriate levels of Pillar II ICAAP capital add-ons.
- **
Climate** Risk (10%)**:

- Support design, development, and maintain stress testing for climate risk.
- Keep abreast of evolution on requirements for climate risk stress testing. Co-ordinate with internal stakeholders to develop and execute plans to deliver climate stress testing.
- **
Team Leadership and Development (10%)**:

- Provide thought leadership to the stress testing team and co-ordinate the delivery of key initiatives, including EWST, ICAAP, MST, and Climate Risk.
- Support development of the team’s core function, managing, mentoring, and assisting in staff’s professional growth.

**Let's Talk About You**:

- A post-secondary education in Economics, Accounting, Finance, Mathematics; CFA, FRM, and SCR preferred.
- Minimum 7+ years of experience in Stress Testing, Portfolio Analytics, Enterprise Risk Management, Finance, Economic Research.
- Minimum 5+ years of experience in leading teams and enterprise initiatives with successful execution and delivery
- Solid understanding of AIRB, ICAAP, EWST, MST, Climate Risk, IFRS 9, Financial Statements, and Retail and Commercial businesses.
- Exceptional knowledge in Stress Testing, Economics, Cre

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