Director, Treasury and Balance Sheet Risk

Vancity; Toronto; On-site; CAD 142,000 - 184,000; Full time

Benefits offered by this job

Living Wage Employer

Flexible benefits

Generous vacation

Extra stat holidays

Health coverage at hire

Defined benefit pension

Job summary

Vancity seeks an experienced Director of Treasury and Balance Sheet Risk to provide leadership across liquidity, funding, interest rate and market risk. You will translate complex risk information for senior stakeholders and partner with risk, treasury and finance teams to strengthen enterprise-wide risk management.

The role reports to the Vice President, Risk Management - Finance & Treasury and supports on-site activities with hybrid work. Ontario and BC candidates are welcome.

Qualifications

• Bachelor's degree required in finance, economics, business, mathematics, statistics, or related field.
• At least 10 years of senior risk management experience in financial services, treasury risk, ALM, or related area.
• Strong knowledge of liquidity, funding, interest rate, market risk, balance sheet management, and risk governance.
• Experience providing independent risk oversight and constructive challenge to senior stakeholders.
• Proven ability to interpret complex quantitative information for senior leadership.

Responsibilities

• Lead independent oversight of treasury and balance sheet risks (liquidity, funding, interest rate, market risk).
• Challenge treasury risk strategies, exposures, limits, assumptions, and models.
• Monitor balance sheet risk exposures and emerging trends against risk appetite and governance.
• Translate complex analysis into clear insights for senior leadership and governance forums.
• Partner across Treasury, Finance, and stakeholders to strengthen enterprise-wide risk management.
• Develop and enhance policies, frameworks, metrics, and reporting for treasury risk.

Skills

Liquidity risk

Funding risk

Interest rate risk

Market risk

Balance sheet risk

Risk governance

Independent risk oversight

Executive communication

Strategic thinking

Education

Bachelor's degree in finance, economics, business, mathematics, statistics, or another relevant discipline

Professional designation such as FRM or CFA

Job description

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.

As a Director, Treasury and Balance Sheet Risk, you will provide senior risk leadership and oversight across treasury and balance sheet risk, helping ensure financial risks are understood, effectively challenged, and managed within established risk parameters. You will bring an enterprise-wide perspective to areas such as liquidity, funding, interest rate and market risk, translating complex financial risk information into clear insights for senior stakeholders. You will partner across risk, treasury, finance, and related functions while maintaining effective independent risk oversight. This opportunity is suited to an experienced financial risk leader who combines deep technical expertise with sound judgment, strategic thinking, and the ability to influence at senior levels.

This is a Full-time, Permanent role based at our Vancity head office and will report directly to the Vice President, Risk Management - Finance & Treasury. This role is open to both British Columbia and Ontario candidates. While this position provides a hybrid work arrangement, you will be expected to be on-site for events and business demands.

How You'll Make an Impact:

• Leading independent oversight of treasury and balance sheet risks, including liquidity, funding, interest rate and market risk
• Providing effective challenge of treasury risk strategies, exposures, limits, assumptions, models, and risk-management practices
• Monitoring balance sheet risk exposures and emerging trends against established risk appetite, limits, and governance expectations
• Assessing material financial risk issues and translating complex analysis into clear insights for senior leadership and governance forums
• Partnering with Treasury, Finance, and other stakeholders to strengthen enterprise-wide identification, measurement, monitoring, and management of financial risks
• Overseeing the development and ongoing enhancement of policies, frameworks, methodologies, metrics, and reporting for treasury and balance sheet risk
• Evaluating stress-testing and scenario-analysis outcomes to identify vulnerabilities and support informed risk decisions
• Advising senior stakeholders on emerging treasury and balance sheet risks and potential implications for the organization
• Supporting effective risk governance through clear, timely reporting and escalation of material exposures, breaches, and emerging concerns
• Strengthening risk-management practices by promoting robust controls, clear accountabilities, and a forward-looking risk culture

What You’ll Bring to the Team:

• A bachelor’s degree in finance, economics, business, mathematics, statistics, or another relevant discipline
• At least 10 years of progressively responsible experience in financial services risk management, treasury risk, asset and liability management, or a closely related field, including senior leadership experience
• Deep knowledge of liquidity risk, funding risk, interest rate risk, market risk, balance sheet management, and financial risk governance
• Demonstrated experience providing independent risk oversight and constructive challenge to senior business and treasury stakeholders
• Strong experience with risk appetite, limits, stress testing, scenario analysis, risk reporting, and financial risk frameworks
• Proven ability to interpret complex quantitative information and communicate its business and risk implications to senior stakeholders
• Strong understanding of financial institution balance sheets, treasury activities, and the interaction between risk, capital, liquidity, and funding
• A relevant professional designation such as Financial Risk Manager, Chartered Financial Analyst, or another recognized financial risk or treasury credential

Extra Skills That Set You Apart:

• Experience working within a Canadian federally or provincially regulated financial institution
• Advanced knowledge of asset and liability management methodologies, modelling, and financial risk analytics
• Experience presenting financial risk matters to executive-level or board-level governance forums

You’ll Thrive Here If You Are:

• Strategic - Able to connect detailed treasury and balance sheet exposures to broader enterprise risk and business considerations
• Analytical - Comfortable interpreting complex financial information and identifying the risks and implications that matter most
• Influential - Able to provide credible, independent challenge while building productive relationships with senior stakeholders
• Forward-looking - Proactive in identifying emerging financial risks and considering how changing conditions may affect the balance sheet

What You’ll Earn:

This role offers a salary range of $141,900 to $183,600 per annum. The 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, employees may also be eligible for our annual incentive program, subject to program eligibility requirements.

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.

This role is an open vacancy, and our hiring process is grounded in fairness, transparency, and inclusion. 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.