Market Risk Oversight Manager
4 weeks ago
Seeking out and embracing new ideas
Believing that how we do things is as important as what we do
Roles Specifications
Location | Toronto, ON. Edmonton, AB
10-month Term Position
Put a new spin on your banking career
The overwhelming majority of our employees say CWB is a Great Place to Work®
We're different from the big banks in the way we engage our employees - caring, responsive, and armed with an obsession for growing talent. Our reputation is powered by a people first culture that ensures our employees be and feel heard, promotes inclusivity and diverse viewpoints, and inspires collaboration and innovation.
Our employees love CWB. You'll love it here too.
The opportunity
CWB Financial Group is currently on the search for a Market Risk Oversight Manager to join our Risk Services team as an expert on interest rate risk. As a part of the Market, Liquidity Risk and Profitability Oversight (MLPO) team, the Manager will play a meaningful role in supporting the AVP, Market Risk, by conducting second line oversight of market risk in the banking book and maintaining CWB's interest rate risk models, influencing decision-making and risk appetite collaboration. This position focuses on interest rate risk management and reporting, ensuring robust risk assessment and compliance with regulatory requirements.
Responsibilities: Maintain and enhance the in-house interest rate risk model.
Conduct internal reviews and monitoring processes, reporting findings to management.
Prepare independent reports on exposure against risk appetite for the Executive Risk Committee and the Board Risk Committee.
Maintain and update earnings and equity sensitivity and simulation models.
Independently acquire and analyze balance sheet information, providing calculated exposure against risk appetite.
Implement and coordinate emerging OSFI IRRBB guidance.
Review and challenge Treasury's key assumptions in interest rate risk management.
Assist in preparing materials for executive committees.
Refine existing interest rate models for measuring Net Interest Income (NII) and Economic Value of Equity (EVE).
Exhibit strong interpersonal skills to work effectively in a diverse environment.
Promote cooperation and commitment towards common goals.
Requirements:
To excel in this role, you will need to have a Bachelor's degree or equivalent experience in business management, quantitative finance, financial engineering, data analytics, or a related field. A Chartered Financial Analyst (CFA) designation and Financial Risk Management (FRM) certification would be considered assets. Additionally, you should have at least two years of experience in risk management within large financial institutions and familiarity with OSFI B12 reporting requirements . Proficiency in Python, SQL, and MS Office is also required, as is experience in preparing technical documentation for complex financial models and behavioral modeling for banking products and balance sheet forecasting. Experience with QRM, R, Matlab, and SAS is a plus.
If you have the experience listed and are able to think conceptually and critically, thrive at solving complex, analytical problems, and can move swiftly to meet results while maintaining a high attention to detail, then let's talk Take the next step in your career and join our exceptional team at CWB. Apply now
Why work with us?
Proudly recognized by Great Place to Work® in 2024 as one of Canada's top 50 Best Workplaces & member of Waterstone Human Capital's Most Admired Corporate Culture ™ Hall of Fame.
Wellness matters . We offer an award-winning benefits package that includes: Hybrid work environments
Everyday flexibility
Generous company-funded health coverage
Health care spending account
A flexible wellness program
generous time-away options to unplug, rest & recover
Career development. We commit to our employees' development and help them reach their professional goals with: Organization wide coaching services
Mentorship
Education support & training programs
Bring your whole self to work. Inclusion is a journey requiring practice & experience to result in a powerful outcome. Your perspective matters & voice will be heard. Find community within the CWB family in our employee represented groups.
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As an equitable employer, CWB Financial Group is committed to providing a safe and inclusive environment where a diverse workforce thrives. You are welcomed and encouraged to bring your whole self to work. Dignity, respect and equality are non-negotiables. If you require accommodation during any part of the recruitment or selection process, please reach out.
Closing Date:
* Position closes at 12:01am on the close date identified below.
12/16/2024
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