Director, Market Risk Stress Testing & Market Risk Oversight

ATB Financial; Toronto; On-site; CAD 150,000 - 170,000; Full time

Job summary

A leading financial institution is seeking a Director for Market Risk Stress Testing and Market Risk Oversight in Toronto. You will lead the development of stress testing frameworks, ensuring compliance with regulatory requirements and overseeing a team of analysts. The ideal candidate will possess an advanced degree and extensive experience in financial risk management, particularly in market risk stress testing. This is an excellent opportunity to make a significant impact in the organization while fostering an inclusive workplace culture.

Qualifications

• 8-12+ years of progressive experience in financial risk management.
• Strong understanding of regulatory frameworks (e.g., OSFI, Basel).
• Proven track record of developing and implementing risk methodologies.

Responsibilities

• Lead and develop an integrated Market Risk Stress Testing function.
• Design, develop, and maintain the market risk stress testing framework.
• Oversee compliance with regulatory requirements.

Skills

Market Risk Stress Testing

Regulatory Compliance

Data Analysis

Communication

Leadership

Stakeholder Management

Problem-Solving

Education

Advanced degree (Master's or PhD) in Finance, Economics, Mathematics, Statistics, Financial Engineering

Tools

SQL

Python

R

Job description

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At ATB, we exist to make it possible for our clients, team members and communities. Our purpose is more than aspirational. It's a real commitment we live every day through our values (what we call the ATB ID ).

About

Life at ATB is about more than work. In fact, we’re consistently recognized as one of Canada's top employers thanks to our high-care, high-performance culture, upheld by the three commitments we make to our team members :

Impact in action : No matter where you are in the organization, you're empowered to make an impact in the lives of our clients and communities.

Thrive together : We want you—the unique, authentic you—to feel safe and celebrated at work. We're on a continuous journey to build the most flexible and inclusive programs.

Ready for tomorrow : We want to enable your success through interesting and challenging work, performance enablement, and learning and development.

About The Role

As ATB’s next Director, Market Risk Stress Testing & Market Risk Oversight you will lead and develop an integrated Market Risk Stress Testing and Market Risk Oversight function within Financial Risk Management.

This role is responsible for establishing, implementing, and overseeing comprehensive market risk stress testing frameworks to meet regulatory requirements and internal risk management objectives. It also involves expert measurement, interpretation, and management of trading and banking book risk, including policy development, data architecture oversight, and insightful analytics. A key focus will be on integrating stress testing insights to inform risk appetite and strategic decision-making.

Accountabilities

• Design, develop, and maintain the firm's market risk stress testing framework, including scenario design principles and methodologies.
• Lead the creation of a comprehensive suite of stress test scenarios (historical, hypothetical, Single Risk Factor).
• Oversee the execution of stress tests and ensure data accuracy.
• Deliver timely and insightful reporting of stress test results, including key vulnerabilities.
• Refine methodologies for risk measurement across trading and banking books.
• Provide expertise for input into the risk policies, frameworks, and process architecture.
• Oversee the implementation and integrity of data architecture supporting risk reporting and analysis.
• Develop insightful analytics, and provide ad-hoc analysis to business lines.
• Mentor and coach a team of market risk analysts for best practice in a Capital Markets framework.

Integration & Strategic Insights

• Integrate stress test outcomes into internal processes, limit calibrations, reporting.
• Contribute to the definition and calibration of risk appetite statements based on stress testing results.
• Provide analysis on the balance sheet implications of stress scenarios.

Policy & Process Enhancement

• Continuously review and enhance policies and procedures related to both market risk and stress testing.
• Identify and implement opportunities for process automation and improvement.
• Collaborate effectively with front-office, technology, risk, finance, audit, and regulatory stakeholders.
• Communicate complex risk and stress testing concepts clearly to various audiences.

Regulatory Compliance & Audit

• Ensure compliance with all relevant regulatory requirements for market risk and stress testing.
• Manage regulatory examinations and address audit findings.
• Build, lead, and develop a team of professionals with expertise in market risk and stress testing.

Required Qualifications

Skills, experience & requirements

• Advanced degree (Master's or PhD) in Finance, Economics, Mathematics, Statistics, Financial Engineering, or a related quantitative field.
• Professional certifications such as FRM, CFA, or PRMIA are an asset.
• 8-12+ years of progressive experience in financial risk management, with demonstrated expertise in both risk measurement & analytics and market risk stress testing.
• Strong understanding of regulatory frameworks (e.g., OSFI, Basel) and stress testing guidelines.
• Proven track record of developing and implementing methodologies and frameworks for both risk and stress testing.
• In-depth knowledge of a wide range of financial instruments and associated market risks.
• Strong quantitative analysis, data manipulation, and modeling skills (proficiency in tools like SQL, Python, R is a plus).
• Excellent written and verbal communication skills, including the ability to present complex information effectively.
• Demonstrated leadership and team management abilities.

Key Skills

• Market Risk Stress Testing (Scenario Design & Execution)
• Regulatory Compliance (Market Risk & Stress Testing)
• Data Analysis & Reporting
• Communication & Presentation
• Leadership & Team Development
• Stakeholder Management
• Problem-Solving & Critical Thinking

Don’t meet all the requirements on the list?

A resume only goes so far in expressing who you are and the unique perspectives you bring. If you believe your skills and experience align with the role—but you might not check all the boxes—we want to hear from you. We encourage candidates from all work backgrounds, equity-seeking communities and experience levels to apply. If you’re seeking a career where your drive, perspective and growth are celebrated, we want to hear from you.

We’re dedicated to building a workforce reflective of those within our communities, and a culture where our team members are equipped with what they need to succeed—their way. Part of creating an inclusive workplace is recognizing our role in advancing Truth and Reconciliation. We are committed to meeting and exceeding the standards set out in the Partnership Accreditation in Indigenous Relations program created by the Canadian Council for Aboriginal Business.

What happens next?

If you are shortlisted, you’ll hear from us after the posting closes. Check out our How We Hire page to learn more about our hiring process. If you need any accommodations throughout this process, please let us know at [emailprotected]

Stay in touch

We’re excited that you’re interested in a career with ATB. Follow us on LinkedIn , Facebook and Instagram to learn more about what our team is up to.

Seniority level

Seniority level

Director

Employment type

Employment type

Full-time

Job function

Job function

Finance and Sales

Banking

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