Director, Treasury Risk Management

Description

Our Story & Purpose:

We’reVancity, 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’vemade bold commitments to become net-zero by 2040 across all mortgages and loans, andwe’reactively pursuing strategies in Indigenous banking and financial resilience for our members.

As the largest private sector Living Wage Employer in Canada,we’reproud to be consistently recognized as one of the country’s Top Employers. Ifyou’reready to join our team of 2,700 diverse individuals, access competitiverewardsand benefits, and be part of a greater movement - apply today

Your Role in Supporting Our Members:

As the Director, Treasury Risk Management, you will lead the second line oversight of all market risks arising from Treasury activities, including interest rate risk in the banking book (IRRBB), liquidity risk, FX risk, and other capital markets exposures acrossVancity’sbalance sheet.You willbe responsible fordesigning and implementing robust risk measurementandmonitoringframeworksfrominception, while providing independent review and challenge of Treasury strategies and activities.

This role reports directly to the VP, Risk Management – Finance & Treasury (RMFT) and is foundational to the development ofVancity’snewly established Finance & Treasury Risk function. You will work closely with Treasury, Finance, and senior leadership to provide independent review, challenge, and insight into strategies affectingVancity’sfinancial sustainability, risk appetite, and regulatory compliance.

This is a Full-time, Permanentrole based at ourVancityhead office. While the position supports a hybrid work arrangement, you willbe requiredto attend in-person meetings, events, and collaborative sessions as part of building a new functional area inVancity’sRisk Management function.

How You'll Make an Impact:

- Designing, implementing, andmaintainingcomprehensive market risk measurement frameworks (IRRBB, liquidity, FX, credit spread, and other market risks), including stress testing and scenario analysis, building these capabilities from scratch

- Leading and developing a team of Treasury Risk Management analysts, fostering a collaborative culture aligned withVancity’svalues

- Monitoring andvalidatinghedge accounting processes, including hedge effectiveness testing and documentation

- Providing compliance and portfolio risk oversight for Treasury investment portfolios, ensuring adherence to investment policies and risk limits

- Overseeing the development and validation of Funds Transfer Pricing (FTP) methodologies and frameworks

- Monitoring trading and portfolio management activities for compliance with risk appetite and limits

- Conducting counterparty risk assessments, including approval, monitoring, and limit setting

- Providing independent review and challenge of Treasury pricing, trading, and investment strategies, balancing financial sustainability withVancity’scommunity mission

- Preparing independent second-line reporting and insights for ALCO, senior leadership, and regulatory submissions

- Collaborating with Finance and Treasury to ensure alignment between risk oversight and business strategy

- Influencing risk culture across the organization through partnership, transparency, and thought leadership

WhatYou’llBring tothe Team:

- A degree in Finance, Economics, Accounting, or a related field;certificationssuch as CFA, FRM, or CPA are strong assets

- 8-10+ years of progressive experience in Treasury, Market Risk, or Financial Risk Management roles within a regulated financial institution

- Deepexpertisein asset-liability management (ALM) and balance sheet risk, including liquidity, IRRBB, and capital management frameworks

- Strong knowledge of regulatory expectations (OSFI, BCFSA, Basel III) and experience developing compliant risk frameworks and governance structures

- Proven ability to interpret and challenge complex risk methodologies and to translate technical findings into clear, actionable insights

- Demonstrated success in leading and developing teams, fostering inclusion, collaboration, and accountability

- A proactive, values-driven mindset with a commitment to integrity, inclusion, and prudent risk management

You’llThrive Here If You Are:

- Strategic and forward-thinking– You see the big picture andanticipateemergingrisks, connecting dots across Treasury, Finance, and enterprise priorities.

- Analytical and disciplined– You apply rigor to financial and risk analysis, ensuring accuracy, clarity, and sound judgment in every recommendation.

- Collaborative and influential– You build trusted relationships across functions, guiding decisions throughexpertise, transparency, and partnership.

We value lived experience, so if you are interested in this role, we encourage you to apply even if you feel your skills don't perfectly align with those listed.

WhatYou’llEarn:

This role offersasalaryrangeof$121,000to $181,200perannum.Thebasepay offered may vary depending on factors such as relevant qualifications, skills,previousexperience, and internal equity. As part of our total rewards package, employees may also be eligible for our annual incentive program, subject to program eligibility requirements.

WhyYou’llLove Working Here:

A career atVancityis more than just ajob,you’rejoining a tradition of change-makers who are creating lasting change for our communities. Beyond base pay, we offer a comprehensive total rewards package to ensure our employees are empowered to thrive:

- Living Wage Employer:We’rethe largestprivate-sectorLiving Wage Employer in Canada and consistently ranked among Canada’s Top Employers.

- Customizable Benefits: Permanent employees receive flexible benefit packages that can be tailored annually to meet evolving needs.

- Generous Vacation: New employees start with 3-4 weeks of vacation per year, withadditionaldays earnedover time.

- Extra Stat Holidays: In addition to BC’s 11statutory holidays, we offer2extra days, plus care days for personal or family illness.

- Immediate Health Coverage: Health and dental benefits begin on your hire date, with three levels of coverage to choose from.

- Defined Benefit Pension: Our retirement plan provides a guaranteed income for life, recognizing that retirement looks different for everyone.

VancityTalent Programs:

Vancitysupports 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 choose to share will be stored securely and used onlyfor recruitment and career development connected to this initiative, in line with the BC Personal Information Protection Act (PIPA). For details, please see our dedicated Talent Programs job posting.

AtVancitywe’recommitted to creating a welcoming and inclusive workplace to help our people and communities thrive and prosper. Diversity in our workforce is integral so that we can trulyrepresent, understand and respond to our community needs anddeliver onour memberexperience.

We arealsocommitted to an inclusive, barrier-freeand accessible recruitment experience for all candidates. If yourequireany accommodations or support at any stage of the recruitment process (including the application stage), we encourage you to let us know by contacting our Talent Acquisition team at recruitment@vancity.com.We’rehere to work with you to ensure your needs are met promptly and effectively. All requests will be handled with the utmost respect and confidentiality, so you canparticipatefully in the process.

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