Director, Treasury Risk Management

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. If you’re ready to join our team of 2,700 diverse individuals, access competitive rewards and 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 across Vancity’s balance sheet. You will be responsible for designing and implementing robust risk measurement and monitoring frameworks from inception, while providing independent review and challenge of Treasury strategies and activities. This is a Full-time, Permanent role reports directly to the VP, Risk Management – Finance & Treasury (RMFT) and is foundational to the development of Vancity’s newly established Finance & Treasury Risk function. You will work closely with Treasury, Finance, and senior leadership to provide independent review, challenge, and insight into strategies affecting Vancity’s financial sustainability, risk appetite, and regulatory compliance. Our head office is based in Vancouver, but we are open to candidates in BC and Ontario. How You'll Make an Impact:  Designing, implementing, and maintaining comprehensive 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 with Vancity’s values  Monitoring and validating hedge 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 with Vancity’s community 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  What You’ll Bring to the Team:  A degree in Finance, Economics, Accounting, or a related field; certifications such 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  Deep expertise in 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’ll Thrive Here If You Are:   Strategic and forward-thinking – You see the big picture and anticipate emerging risks, 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 through expertise, 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.   What You’ll Earn:  This role offers a salary range of $121,000 to $181,200 per annum. The base pay offered may vary depending on factors such as relevant qualifications, skills, previous experience, 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.   Why You’ll Love Working Here:  A career at Vancity is more than just a job, you’re joining 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’re the largest private-sector Living 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, with additional days earned over time.  Extra Stat Holidays: In addition to BC’s 11 statutory holidays, we offer 2 extra 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.  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 choose to share will be stored securely and used only for 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.