Risk Management Director, Banking Innovation

18 hours ago


London, Ontario, Canada Equitable Group Full time

About the Role:

We are seeking an experienced Risk Management Director to lead our stress testing initiatives and ensure compliance with regulatory guidelines.

Company Overview:

Equitable Bank is a Canadian challenger bank that innovates the banking experience. We challenge ourselves and our teams to creatively transform what's possible in banking.

Job Description:

  • The Associate Director of Stress Testing reports directly to the Director of Risk Operations and Analytics.
  • Assume responsibility for supporting the coordination, development, and execution of stress testing programs.
  • 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 the stress testing.
  • Review quarterly BAU stress testing scenarios and results with senior management.
  • Lead the quarterly BAU stress testing reporting and analysis.

Responsibilities:

- Stress Scenarios (20%): Design, develop, and maintain processes for identifying and managing stress scenarios.

- Enterprise-Wide Stress Testing (EWST) (30%): Support the design, development, and maintenance of EWST roadmaps and infrastructure.

- Regulatory Stress Testing (20%): Coordinate and support interpretation of scenarios and requirements for regulatory stress testing.

- ICAAP Stress Testing (10%): Support design, development, and maintenance of stress testing for ICAAP.

- Climate Risk (10%): Support design, development, and maintenance of stress testing for climate risk.

Requirements:

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.

Strong organization, time management, and multi-tasking skills.

Excellent oral and written communication skills as well as excellent presentation skills.

Benefits:

We offer a 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, personal days, and moving day.

Salary: The estimated salary for this position is $120,000 - $180,000 per year, depending on experience.

Location: Equitable Bank's office space located at 351 King Street East, Toronto, ON.

We Value Diversity and Inclusion:

We commit to providing a barrier-free recruitment process and work environment for all applicants.



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