Senior Manager or Senior Expert – Interest Rate Risk Management

King Street Associates; Montreal; On-site; CAD 90,000 - 150,000; Full time

Job summary

An established industry player is seeking a Senior Manager or Expert in Interest Rate Risk Management. This role involves analyzing and managing risk factors impacting the bank's balance sheet, enhancing risk frameworks, and ensuring sound governance. You will lead initiatives to improve processes and tools for measuring interest rate risk, while collaborating with various stakeholders to embed risk considerations in new products. This position offers a unique opportunity to tackle complex challenges in a dynamic environment, contributing to the institution's resilience in evolving economic landscapes.

Qualifications

• 10+ years of experience in interest rate risk management or related fields.
• Strong analytical skills to interpret complex financial data.

Responsibilities

• Analyze core banking products for interest rate risk implications.
• Monitor interest rate risk exposures and ensure compliance.

Skills

Analytical Skills

Risk Management

Financial Analysis

Communication Skills

Leadership

Education

Bachelor’s degree in Finance, Economics, or Risk Management

Master’s degree in a related field

Tools

MS Office (Excel, PowerPoint)

QRM or other ALM/Risk tools

Job description

Position : Senior Manager or Senior Expert – Interest Rate Risk Management

Location : Montreal or Toronto

Role Overview

As a Senior Manager or Senior Expert in Interest Rate Risk Management, you will be responsible for identifying, analyzing, and managing internal and external risk factors impacting the bank’s balance sheet and interest rate exposures. You will play a key role in ensuring sound governance, challenging risk assumptions and models, and enhancing interest rate risk frameworks. Your work will directly support the institution's financial resilience and risk oversight in a dynamic rate environment.

Key Responsibilities

• Interest Rate Risk Expertise : Analyze core banking products and assess their implications for interest rate risk and asset-liability management strategies.
• Risk Investigation : Investigate interest rate risk models and systems, ensuring alignment between stress assumptions and the actual behavior of the bank’s balance sheet.
• Process Improvement : Build, run, maintain, and enhance tools used to measure and monitor interest rate risk, driving process improvements.
• Financial and Balance Sheet Analysis : Apply strong financial concepts to understand cash flow forecasts, asset-liability dynamics, and key assumptions driving risk metrics.
• Framework Implementation : Contribute to the development and implementation of enterprise-wide interest rate risk management frameworks and policies.
• Risk Appetite Monitoring : Monitor interest rate risk exposures against defined limits and ensure compliance within the institution’s approved risk appetite.
• Emerging Risk Identification : Detect emerging risks, trends, and market drivers that could impact interest rate exposures and strategic decision-making.
• Independent Oversight : Provide second-line independent challenge and oversight of interest rate risk models, assumptions, and management practices.
• Executive Reporting : Prepare clear, impactful executive reporting to facilitate oversight by senior leadership and committees.
• New Product Review : Participate actively in the review and risk assessment of new products, services, and initiatives to ensure interest rate risk considerations are embedded.

Qualifications

Education :

• Completed Bachelor’s degree related to Finance, Economics, Risk Management, or a similar field, combined with at least 10 years of relevant experience.
• OR a completed Master’s degree in a related field with at least 8 years of relevant experience.
• Other equivalent combinations of education and experience may be considered.

Technical and Analytical Skills :

• Strong analytical ability to interpret complex financial data and translate it into actionable risk insights.
• Advanced skills with MS Office (Excel, PowerPoint); experience with QRM or other ALM / Risk tools is an asset.

Banking and Regulatory Knowledge :

• Deep understanding of core banking products, cash flow forecasting, balance sheet behavior, and Canadian regulatory frameworks for interest rate risk management.

Leadership and Collaboration :

• Proven leadership abilities and experience managing small teams (for Senior Manager level).
• Strong partnership and influencing skills to engage with stakeholders across Treasury, Risk, Finance, and the business lines.

Communication and Reporting :

• Excellent written and verbal communication skills; ability to convey complex risk concepts clearly to executive audiences.

Priority and Problem Solving :

• Strong ability to manage multiple priorities simultaneously, with a proactive approach to problem-solving and continuous improvement.

Why Join?

You will have the opportunity to work on complex, high-impact interest rate risk management challenges in a dynamic environment. You will contribute to strengthening risk governance and ensuring the institution remains resilient in evolving economic and regulatory landscapes.

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