Director Capital Management and Stress Testing

12 hours ago

Toronto, Ontario, Canada Fairstone Bank Full time

Reporting into the SVP, Deputy CFO, this role will lead the capital management

oversight and stress testing processes at the Bank. This would involve leading the ICAAP and Stress Testing programs for the Bank as well as Capital and Dividend planning activities across the organization. This role entails collaboration with senior stakeholders across various functions and requires strong expertise in BCAR guidelines and stress testing programs in line with the regulatory standards.

Key responsibilities

  • Lead the end-to-end Internal Capital Adequacy Assessment Process (ICAAP) including collaboration with Risk, Treasury, Financial Planning & Analysis and other stakeholders in accordance with the OSFI standards.
  • Lead enterprise-wide stress testing and report to Enterprise-Wide Stress Test (EWST) Committee all relevant results, metrics and developments.
  • Lead the OSFI mandated Macro Stress Test (MST) exercise including collaboration with all stockholders, modeling and submission of required information to the OSFI.
  • Keep Recovery Plan and Capital Contingency Plan up to date including annual stress testing
  • Oversee regulatory capital adequacy of the bank in accordance with BCAR guidelines and report the relevant metrics to the management and Capital Management Committee.
  • Lead the regulatory capital and dividend forecast as part of the Annual Plan and quarterly Forecast exercises
  • Manage dividend planning and analysis in line with the capital plan and current capital levels.
  • Ensure all capital planning and stress testing processes are standardized, fully documented and comply with regulatory requirements and stay current with evolving regulations.
  • Work with other departments including model validation, risk management, FP&A, Treasury and Operations to ensure alignment for all deliverables.
  • Support strategic initiatives across the business as it relates to regulatory capital impact.

Required Skills And Qualifications

  • Experience with OSFI regulated Financial Services institution
  • First hand experience of end-to-end ICAAP and MST process and Knowledge of OSFI's BCAR regulations and ICAAP related guidelines
  • Strong analytical, quantitative, and problem-solving skills.
  • Undergraduate/Master degree in Finance or Accounting and an MBA/CFA/CPA designation
  • 5+ years' experience with similar responsibilities
  • Minimum 10 years of experience in the Financial Services industry
  • Strong knowledge of Bank back-office systems
  • Proficient in MS Office, specifically advanced skills in Excel
  • Initiative-taking individual capable of adapting to change, managing multiple tasks, and continuously evaluating priorities to lead tasks/projects to completion

Expected salary Range: $ to $ per year

This posting is for an existing vacancy within our organization.

Artificial intelligence may be used in parts of the recruitment process.

Learn more:

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If you have a preferred language for communication, please kindly inform us whether you prefer French or English on your application.

Fairstone is an equal opportunity employer. Accordingly, we will make reasonable accommodations to respond to the needs of people with disabilities. Individuals who view themselves as Aboriginals, members of visible minorities, and disabled are encouraged to apply in confidence.
Time Type
Full time

Job Type
Permanent

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