Associate Director, Risk Analytics and Stress Testing

EQ Bank; Toronto; Hybrid; CAD 100,000 - 150,000; Full time

Job summary

Join a top-tier FinTech as an Associate Director of Stress Testing, where you'll be responsible for leading credit stress testing initiatives and ensuring compliance with regulatory guidelines. This hybrid role demands strong analytical skills, team leadership, and a commitment to innovative banking solutions. Contribute to transforming the banking experience for Canadians while enjoying competitive benefits and professional growth opportunities.

Benefits

Competitive discretionary bonus

Market leading RRSP match program

Medical, dental, vision, life and disability benefits

Employee Share Purchase Plan

Generous vacation policy and personal days

Annual professional development allowance

Qualifications

• Minimum 7 years experience in Stress Testing, Portfolio Analytics, Enterprise Risk Management.
• 5 years leading teams and executing enterprise initiatives successfully.
• Exceptional knowledge of Credit Risk and Financial Statements.

Responsibilities

• Support design and implementation of credit stress testing and regulatory compliance.
• Coordinate cross-functional teams for stress testing initiatives and provide analytical support.
• Oversee team development and key initiatives in EWST, ICAAP, and MST.

Skills

Stress Testing

Portfolio Analytics

Enterprise Risk Management

Financial Consulting

Education

Postsecondary education in Economics, Accounting, Finance, Mathematics

CFA

FRM

SCR

Job description

Being a traditional bank just isnt our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options and we challenge ourselves and our teams to creatively transform whats possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If youre not afraid of taking on big challenges and redefining the future you belong with us. Youll get to work with people who will encourage you to reach new heights. We like to keep things fun ask questions and learn together.

We are a big (and growing!) family. Overall we serve more than 670000 people acrossCanadathrough Equitable BankCanadasChallenger Bank and have been around for more than 50 years. Equitable Banks whollyowned subsidiary Concentra Bank supports credit unions acrossCanadathat serve more than six million members. Together we have over$125 billionin combined assets under management and administration with a clear mandate to drive change in Canadian banking to enrich peoples lives. Our customers have named our EQ Bank digital platform ( ) one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.

The Work

The Associate Director of Stress Testing reports directly to the Sr. Director of Risk Analytics and Reporting. In this role the incumbent will assume responsibility for supporting the coordination development and execution of all credit stress testing activities including supporting EnterpriseWide Stress Testing (EWST) OSFI Macro Stress Testing (MST) Internal Capital Adequacy Assessment Process (ICAAP) stress testing and quarterly board reporting. This role will support the stress testing initiatives and coordinate crossfunctional teams to ensure the fulfillment of all credit stress testing requirements and compliance with regulatory guidelines. Collaborating closely with senior management the Associate Director will support formulation of roadmaps and implementation plans for credit stress testing while providing thought analytics to the team.

Credit Stress Testing Supporting EWST (30%)

• Support the design development and maintain credit stress testing including implementation plan policy and procedures and infrastructure.
• Ensure that the Banks Stress Testing policy and procedures align with relevant regulatory guidelines i.e. OSFI E18 OSFI E19 OSFI B15 and BCBS 450.
• Support the endtoend development and implementation of credit stress test supporting the enterprise stress testing program.
• Support enhancement of technology infrastructure and underlying processes for an enterprisewide stress testing solution integrating results from stress testing of Credit risk.
• Coordinate and manage key relationships with Finance Treasury Business Lines Model Development and Model Validation for timely delivery against credit stress testing output.
• Support a robust credit stress testing governance process with adequate controls and oversight.
• Coordinate and Support execution of credit risk stress testing
• Provide expertise to advance the use of stress testing results for Senior Management decision making and risk management purposes.
• Drive adhoc 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 (30%)

• 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.
• Gather and execute requirements to support Credit Stress Testing enhancements aligning with the upcoming MST stress Test.
• Support execution of credit risk stress testing.
• Provide expertise to interpret credit stress testing results for Senior Management and provide thought leadership in forecasting management actions in response to the impact of stressed results.

Credit Risk Stress Testing Supporting ICAAP Stress Testing (30%)

• Support design development and maintain Credit Stress Testing to support ICAAP.
• Lead execution of battery of Credit stress tests to support quarterly ICAAP.
• Support analytics to determine appropriate levels of Pillar II ICAAP capital addon specific to credit risk.

Team Leadership and Development (10%)

• Provide thought leadership to the stress testing team and coordinate the delivery of key initiatives including EWST ICAAP and MST.
• Support development of the teams core function managing mentoring and assisting in staffs professional growth.

Lets Talk About You!

• A postsecondary 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 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 multitasking 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 handson detailoriented 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 members focus into a single cohesive vision.

What we offer For fulltime permanent roles

Competitive discretionary bonus

Market leading RRSP match program

Medical dental vision life and disability benefits

Employee Share Purchase Plan

Maternity / Parental topup while you care for your little one

Generous vacation policy and personal days

Virtual events to connect with your fellow colleagues

Annual professional development allowance and a comprehensive Career Development program

A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from Equitable Banks additional office space located at 220025 Ontario Street Toronto ON .

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyones diverse experiences and perspectives. In tandem with that commitment we support and encourage our staff to grow not just in their career path but personally as well.

We commit to providing a barrierfree recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We cant wait to get to know you!

Required Experience :

Director

Key Skills

Anti Money Laundering,Design,Brand Management,Account Management,Administrative Services,Financial Consulting

Employment Type : Full-Time

Experience : years

Vacancy : 1

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