Senior Manager - ICAAP Reporting

Peoples Group; Toronto; Hybrid; CAD 115,000 - 125,000; Full time

Benefits offered by this job

Hybrid work environment

Competitive salaries and profit sharing

Generous paid time off

Commitment to employee well-being

Job summary

Peoples Group is looking for a Senior Manager to lead the ICAAP framework in Toronto, ensuring robust capital planning and regulatory compliance. Key responsibilities include managing timelines, enhancing models, and preparing regulatory returns.

Candidates should have over 7 years of banking or risk management experience and proven ICAAP production skills within a Canadian financial institution. The position includes a competitive salary and a hybrid work environment.

Qualifications

• 7+ years of experience in banking, risk management, or finance.
• 3+ years of direct experience with ICAAP production and regulatory reporting.
• Strong knowledge of Pillar 2 Economic Capital models.

Responsibilities

• Manage the ICAAP production timeline and deliverables effectively.
• Enhance the ICAAP balance sheet and stress testing models.
• Lead the refresh and update of the ICAAP report.

Skills

Experience in banking

Risk management

Financial analysis

ICAAP production

Project management

Education

Professional designation (CPA, CFA, or FRM)

Job description

We are hiring for this position out of our Toronto office. Successful candidates who apply outside of these areas will be expected to relocate and reside in a location that is within a commutable distance.

Role Overview

This role reports to the VP, Balance Sheet Risk, and is responsible for leading the end-to-end ICAAP (Internal Capital Adequacy Assessment Process) framework within the Bank. The position plays a critical role in ensuring robust capital planning, stress testing, and regulatory alignment in support of the Bank’s balance sheet risk management.

The Senior Manager will work closely with Treasury, Finance, Business, Risk, and senior stakeholders to deliver ICAAP production, maintain supporting models, and enhance methodologies across Pillar 2 capital frameworks. The role also includes ownership of regulatory deliverables, audit remediation, and continuous improvement of ICAAP processes and governance.

Day-to-day Responsibilities

• Independently manage the ICAAP production timeline and deliverables, ensuring high-quality and timely submission. Refresh and maintain the ICAAP workstream tracker for each annual iteration.
• Own, maintain, and enhance the ICAAP balance sheet and stress testing models.
• Refresh results from Pillar 2 Economic Capital models based on latest year end results, take ownership of underlying methodologies.
• Accountable for remediation of validation findings in Pillar 2 models.
• Maintain SharePoint site to store documentation, controls and artifacts for each annual ICAAP to support internal audit, OSFI reviews, and regulatory expectations.
• Lead the refresh and update of the ICAAP report, including drafting key sections and incorporating stakeholder inputs.
• Prepare and submit ICAAP regulatory returns, ensuring completeness and accuracy.
• Working closely with the VP Balance Sheet Risk and SVP of ERM, coordinate the ICAAP stress testing program, incorporating feedback from stakeholders and maintain detailed assumption documentation.
• Partner with Finance and Treasury on provisions, capital adequacy, and balance sheet projections.
• Drive remediation efforts related to audit and regulatory findings associated with ICAAP.
• Ensure ongoing enhancement of ICAAP methodologies, governance, and supporting processes.

Qualifications

• 7+ years of experience in banking, risk management, or finance, preferably within Balance Sheet Risk, Capital Management, or Treasury.
• 3+ years of direct experience with ICAAP production and regulatory reporting within Canadian financial institutions (OSFI environment strongly preferred).
• Direct experience working with OSFI guidelines and supervisory expectations.
• Solid understanding of financial statements (balance sheet, income statement) and banking products.
• Strong knowledge of Pillar 2 Economic Capital models, including conceptual understanding of capital adequacy and risk coverage.
• Good understanding of ECL methodologies (IFRS 9) and their impact on the balance sheet and income statement.
• Experience with stress testing frameworks and scenario-based capital assessment.
• Proven ability to manage complex projects with long timelines and multiple stakeholders.
• Professional designation such as CPA, CFA, or FRM is preferred.

Benefits

• Hybrid work environment, enabling you to balance your personal and professional life seamlessly.
• Competitive salaries, profit sharing, RRSP matching and benefits from day one.
• Generous paid time off to help achieve a healthy work-life balance.
• A strengths-based approach, ensuring we work together more effectively.
• A commitment to your well-being in five key areas: Financial, Physical, Social, Career, and Community.
• Salary for this position will vary between $115,000 and $125,000 per year depending on the knowledge, skills, abilities and experience that the chosen candidate possesses.

Peoples Group is an Equal Employment Opportunity employer. Please accept our utmost appreciation for your interest; however, only those applicants under consideration will be contacted.