Director, Capital Management and Risk Models

Export Development Canada; Toronto; Hybrid; CAD 147,000 - 198,000; Full time

Job summary

A leading financial institution, Export Development Canada, is seeking a Director of Capital Management and Risk Models. The successful candidate will oversee capital adequacy assessment and risk measurement while providing strategic leadership within a hybrid work environment. Applicants should have a strong background in capital management and risk modelling, along with advanced qualifications, to support the organization's diverse goals.

Qualifications

• Minimum 10 years of experience in capital management and risk modelling at a financial institution.
• Minimum 5 years of people management experience.
• Bilingual in both official languages (minimum B level).

Responsibilities

• Develop and maintain capital management and dividends policies.
• Implement stress testing governance framework and program.
• Lead and refine risk-based pricing frameworks across lines of business.

Skills

Capital management

Risk modelling

Stress testing

Leadership

Communication

Education

Bachelor of Commerce or equivalent

CFA or FRM or equivalent certification

Job description

Application Deadline: July 18, 2025

Position: Director, Capital Management and Risk Models

Compensation Details: Dir, Capital Mgmt & Risk 21: Salaries are based on qualifications and experience and typically range from $147,760 to $197,013 plus a performance-based incentive.

Location:

• Export Development Canada operates in a hybrid work environment, currently requiring employees to work in the office2days per week.
• This role can be performed from EDC’s Headquarters in Ottawa or one of the community hubs in Toronto, Montreal, or Vancouver.
• Relocation assistance is available for candidates who meet the eligibility criteria.

Team & Job Overview

Reporting to the Vice President, Risk Quantification the Director, Capital Management and Risk Models is accountable for capital adequacy assessment, risk measurement and monitoring; as well for the design, implementation, testing, operationalization, monitoring, and operational use of risk models.The Director is responsible for establishing a close link between capital management, risk modelling, and strategic planning; active management of the internal capital adequacy assessment process (ICAAP) and risk-based performance management and pricing methodologies.

He/she will have a high level of exposure with senior leaders across lines of business, as well as Finance, Strategy and other risk functions. He/she is responsible for setting the strategic plan for the team, and charged with delivering that strategy, using exceptional leadership skills, a network of internal and external stakeholders, as well as highly credible technical and business experience. This role requires excellent communication and interpersonal skills to engage and consult with business areas and define risk practices and solutions adapted to EDC’s size, complexity and specific mandate.

What you will be doing:

• Responsible for the development and maintenance of capital management and dividends policies, guidelines and procedures;
• Responsible for the development and maintenance of Enterprise-Wide Stress Testing governance framework and program. including the design and implementation of an efficient process for stress testing scenarios’ identification, assessment, quantification, reporting, and mitigation plan;
• Provides oversight and support to ensure effective development and implementation of the consolidated internal capital targets setting process and internal capital adequacy assessment process (ICAAP);
• Provides oversight and support to ensure effective development and implementation of capital aggregation and allocation methodologies across individual risks and lines of business/products;
• Leads or plays a key role in developing and/or refining risk-based pricing frameworks across lines of business and products;
• Responsible for the design, development, implementation, testing, operationalization, monitoring, and operational use of risk models, including the ECL model.
• Directs the performance and skill/career development of assigned team(s) to ensure the capacity and capability to meet organizational needs.

What we are looking for:

• Bachelor of Commerce or equivalent education, CFA or FRM or equivalent certification, and relevant work experience
• Minimum 10 years of experience in capital management, risk modelling, and stress testing development at a financial institution, or equivalent experience
• Minimum 5 years of people management experience including performance management responsibilities
• Advanced knowledge of the different risks faced by a financial institution (e.g. credit, market, operational, interest rate, FX etc.)
• Advanced knowledge of capital supply and demand drivers (banking and insurance regulatory capital requirements, economic capital models and drawbacks, capital supply instruments and treatments, capital budgeting and monitoring)
• Advanced knowledge of enterprise-wide stress testing program execution and contingency planning
• Understanding of capital demand calculation, risk-adjusted performance, and risk-based pricing (for lending products and insurance products)
• Bilingual in both official languages (minimum B level)*

*However, in the event a qualified bilingual candidate is not found, a qualified unilingual candidate will be considered. Both bilingual and unilingual candidates are encouraged to apply.

Assets

• Advanced knowledge of lending, insurance and investment business with a risk-reward control perspective
• Experience working in a financial services and/or Crown corporation environment

Eligibility:

• EDC is committed to Fair Employment Practices and preference will be given to a candidate who is able to work legally in Canadaat the time of application(Canadian Citizens or Permanent Residents). Candidates must meet the requisite government security screening requirements.The position is open to those who meet all of the essential requirements stated above and whose applications are received by the closing date.

EDC's Commitment to Employment Equity

Export Development Canada (EDC) is dedicated to fostering employment equity and building a diverse workforce. We are committed to creating a safe and inclusive environment that respects people from all cultures, backgrounds, and abilities. At EDC, we nurture a culture of inclusion and belonging where everyone has equal opportunity to grow, develop, succeed, and be their truest selves.

We actively encourage applications from women, Indigenous peoples, visible minorities, persons with disabilities, and members of the 2SLGBTQI+ community.

Should you require any accommodation during the recruitment and selection process, please let our Recruitment team know.

Your application must clearly demonstrate how you meet all the requirements. We thank all applicants' interest in a career at EDC; however, only those selected for an interview will be contacted. Please note that a pool of qualified candidates may be established and may be used to staff similar positions at this level at EDC.