Director, Capital and Stress Testing

Vancity; Vancouver; On-site; CAD 121,000 - 182,000; Full time

Job summary

A member-owned credit union in Vancouver seeks a Director for Capital and Stress Testing to oversee capital adequacy and stress testing processes. This role involves leading the governance of the Internal Capital Adequacy Assessment Process (ICAAP) and collaborating with regulators. The ideal candidate has 8+ years in capital planning and possesses strong leadership and analytical skills. The position offers hybrid work arrangements and a salary range of $121,000 to $181,200 annually.

Benefits

Customizable benefits

Generous vacation

Immediate health coverage

Defined benefit pension

Extra stat holidays

Qualifications

• 8+ years of experience in capital planning, stress testing, ICAAP, or related areas.
• Deep understanding of capital adequacy regulations and risk management frameworks.
• Proven track record of establishing processes and governance.

Responsibilities

• Design and implement governance framework for capital risk measurement.
• Build and lead a high-performing team fostering a collaborative culture.
• Lead the governance of Vancity’s ICAAP, enhancing capital forecasts and risk assessments.

Skills

Leadership skills

Capital modeling

Analytical skills

Regulatory knowledge

Communication skills

Education

Bachelor's degree in Finance or Business

MBA or similar advanced degree

CFA or CRMP designation

Job description

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, Capital and Stress Testing, you will lead the second line oversight of capital adequacy and stress testing processes at Vancity. This role is responsible for establishing validation frameworks for capital usage, overseeing the Internal Capital Adequacy Assessment Process (ICAAP), and ensuring that capital risk is effectively measured and managed. Reporting to the VP Risk Management - Finance and Treasury, you will serve as a key liaison with regulators and internal stakeholders, ensuring that capital planning aligns with enterprise risk appetite and regulatory expectations while supporting Vancity’s mission of financial inclusion and community impact.

This is a permanent role that will enjoy hybrid working arrangements which can be fulfilled primarily from the Vancity head office location and your Lower Mainland based home office. You may be required to work on-site several days each week to support executive collaboration and regulatory engagement.

How You'll Make an Impact:

• Strategic Oversight and Framework Implementation: Design and implement the governance framework for capital risk measurement and stress testing from inception, ensuring alignment with Vancity’s mission and regulatory expectations
• Team Leadership and Development: Build a lean, high-performing team fostering a collaborative and mission-driven culture while maintaining independence and accountability.
• Validation and Independent Challenge: Establish validation processes for Finance’s measurement of capital usage, ensuring accuracy and consistency in capital calculations and escalate concerns as needed.
• ICAAP Governance and Regulatory Engagement: Lead the governance and continuous enhancement of Vancity’s ICAAP, bringing together capital forecasts, risk assessments, and forward-looking analysis in close partnership with Finance, Treasury, and other stakeholders to provide the Board and regulators with a clear view of capital adequacy.
• Ongoing Stress Testing and Scenario Analysis: Ensure stress testing processes generate clear insights that guide decisions on balance sheet management, capital allocation and sustainable growth by providing independent challenge on scenario design, key assumptions, and interpretation of results to align outputs with Vancity’s risk appetite, regulatory expectations, and long-term strategy.
• Regulatory Liaison and Collaboration: Support the VP, Risk Management - Finance & Treasury, in serving as a key liaison with regulators and in collaborating across Finance, Treasury, and Risk to ensure integrated planning

What You’ll Bring to the Team:

• Bachelor’s degree in Finance, Business, or a related field. An MBA or similar advanced degree is an asset
• Chartered Financial Analyst (CFA) or Chartered Risk Management Professional (CRMP) designation preferred
• 8+ years of experience in capital planning, stress testing, ICAAP, or related areas in a financial institution or regulator environment
• Strong leadership skills with experience building and developing teams
• Deep understanding of capital adequacy regulations, stress testing methodologies, and risk management frameworks
• Proven track record of establishing processes and governance from the ground up, and providing strategic oversight of complex risk measurement frameworks
• Exceptional communication and stakeholder management skills, including experience engaging with regulators

You’ll Thrive Here If You Are:

• Strategic – You connect capital risk management to Vancity’s broader mission, balancing prudential expectations with our purpose-driven goals
• Analytical – You have advanced skills in capital modeling and stress testing, able to review data, detect anomalies, and ensure accuracy in capital adequacy calculations.
• Collaborative – You build strong partnerships across Finance, Risk, and Treasury, fostering a culture of shared accountability and integrated planning
• Regulatory-savvy – You understand OSFI requirements and capital adequacy frameworks, and can translate them into practical, mission-aligned frameworks
• People-focused – You lead and grow a team, creating an environment where analysts can thrive and contribute to the organization’s resilience

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:

The salary range for this role is $121,000 to $181,200 annually. 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, you will be eligible for our annual incentive program, subject to program eligibility requirements.

Posting Deadline: Posted until filled

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.

At Vancity, we’re committed to creating a welcoming and inclusive workplace to help our people and communities thrive and prosper. Diversity in our workforce is integral so that we can truly represent, understand and respond to our community needs and deliver on our member experience.

We are committed to an inclusive, barrier-free and accessible recruitment experience for all candidates. If you require any accommodations or support at any stage of the recruitment process (including the application stage), we encourage you to let us know by contacting our Talent Acquisition team at [e-mail]. We’re here to work with you to ensure your needs are met promptly and effectively. All requests will be handled with the utmost respect and confidentiality, so you can participate fully in the process.