Associate Director, Stress Testing and Risk Management
6 days ago
We are seeking an experienced Associate Director to lead our Stress Testing and Risk Management team at Equitable Bank. The successful candidate will be responsible for designing, developing, and maintaining a process to identify risks, including emerging risk and market sentiment. They will also lead the coordination of stressed scenario forecasts and oversee the narrative of economic outlook used in stress testing.
Key Responsibilities- Stress Scenarios (20%)
- Design, develop, and maintain a process to identify risks, including emerging risk and market sentiment.
- Lead the coordination of stressed scenario forecasts and oversee the narrative of economic outlook used in 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 maintenance of the EWST roadmap, including implementation plan, policy, and procedures.
- Ensure that the Bank's Stress Testing policy and procedures align with relevant regulatory guidelines.
- 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.
- 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.
- Coordinate and support execution of credit risk and operational 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%)
- Coordinate 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 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 maintenance of stress testing to support ICAAP.
- Lead execution of a battery of stress tests to support quarterly ICAAP.
- Support analytics to determine appropriate levels of Pillar II ICAAP capital.
- Risk (10%)
- Support design, development, and maintenance of stress testing for climate risk.
- Keep abreast of evolution on requirements for climate risk stress testing.
- Coordinate 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 coordinate 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.
- 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, Credit Risk, Finance, and Liquidity.
- Strong organization, time management, and multi-tasking skills; ability to work at a fast pace and manage multiple deadlines at one time.
- 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 identify and provide viable options and recommendations to support effective decisioning.
- High attention to detail, hands-on, detail-oriented reporting, and ability to influence senior management.
- Ability to effectively manage a team and mentor junior team members; lead by example and align each team member's focus into a single cohesive vision.
Equitable Bank offers a competitive discretionary bonus, market-leading RRSP match program, medical, dental, vision, life, and disability benefits, employee share purchase plan, maternity/parental top-up, generous vacation policy, personal days, and virtual events to connect with colleagues.
We also offer an annual professional development allowance and a comprehensive Career Development program. The incumbent will work hybrid and spend in-office time at Equitable Bank's additional office space located at 351 King Street East, Toronto, ON.
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Toronto, Ontario, Canada Equitable Bank Full timeJob SummaryWe are seeking an experienced Associate Director to lead our Stress Testing and Risk Management team at Equitable Bank. As a key member of our leadership team, you will be responsible for developing and implementing stress testing strategies to ensure the bank's risk management framework is robust and effective.Key ResponsibilitiesDevelop and...
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Toronto, Ontario, Canada Equitable Bank Full timeJob SummaryWe are seeking an experienced Associate Director to lead our Stress Testing and Risk Management team at Equitable Bank. As a key member of our leadership team, you will be responsible for developing and implementing stress testing strategies to ensure the bank's risk management framework is robust and effective.Key ResponsibilitiesDevelop and...
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Toronto, Ontario, Canada Equitable Bank Full timeJob SummaryWe are seeking an experienced Associate Director to lead our Stress Testing and Risk Management team at Equitable Bank. The successful candidate will have a strong background in stress testing, risk management, and analytics, with a proven track record of delivering high-quality results in a fast-paced environment.Key ResponsibilitiesLead the...
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Toronto, Ontario, Canada Equitable Bank Full timeJob SummaryWe are seeking an experienced Associate Director to lead our Stress Testing and Risk Management team at Equitable Bank. The successful candidate will have a strong background in stress testing, risk management, and analytics, with a proven track record of delivering high-quality results in a fast-paced environment.Key ResponsibilitiesLead the...
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Toronto, Ontario, Canada Equitable Bank Full timeJob SummaryWe are seeking an experienced Associate Director to lead our Stress Testing and Risk Management team at Equitable Bank. The successful candidate will be responsible for designing, developing, and maintaining a process to identify risks, including emerging risk and market sentiment. They will also lead the coordination of stressed scenario...
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Toronto, Ontario, Canada Equitable Bank Full timeJob SummaryWe are seeking an experienced Associate Director to lead our Stress Testing and Risk Management team at Equitable Bank. The successful candidate will be responsible for designing, developing, and maintaining a process to identify risks, including emerging risk and market sentiment. They will also lead the coordination of stressed scenario...
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Toronto, Ontario, Canada Equitable Bank Full timeJob SummaryWe are seeking an experienced Associate Director to lead our Stress Testing and Risk Management team at Equitable Bank. The successful candidate will be responsible for designing, developing, and maintaining a process to identify risks, including emerging risk and market sentiment. They will also lead the coordination of stressed scenario...
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Toronto, Ontario, Canada Equitable Bank Full timeJob SummaryWe are seeking an experienced Associate Director to lead our Stress Testing and Risk Management team at Equitable Bank. The successful candidate will be responsible for designing, developing, and maintaining a process to identify risks, including emerging risk and market sentiment. They will also lead the coordination of stressed scenario...
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