Hybrid Director, Liquidity & Market Risk

at Webster First Federal Credit Union

• Job title: Director, Liquidity & Market Risk
• Job type: Full Time
• Experience level: Lead
• Salary: CA$132,400 - CA$169,600 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Langley, Canada

About the role

• Director overseeing treasury activities at the credit union, focusing on liquidity, interest rate, and capital risk management. Responsible for risk modeling, team leadership, and regulatory compliance in a financial environment.

Responsibilities

• Provides leadership and direction to the team including recruitment, training and development, establishing annual goals and completing performance management processes
• Independently monitors and assesses the credit union liquidity and capital positions
• Reviews and challenges stress-testing parameters, calibration, assumptions and management actions
• Regularly maintains and enhances liquidity and capital risk management policies and frameworks to address evolving regulatory requirements and industry best practices
• Oversees real-time risk monitoring and reporting, during high-volatility periods
• Develops and maintains risk measurement systems that deliver liquidity and funding risk metrics, supporting effective management and oversight of liquidity and funding risk
• Validates assumptions used by finance and treasury and ensures they operate within board and management limits
• Prepares and presents risk reports to the Chief Risk Officer and senior management, effectively communicating risk profile and issues
• Provides updates to senior management on implications of regulatory changes
• Recommends internal limits and tolerances to the Chief Risk Officer

Requirements

• Bachelor’s degree in a quantitative discipline required e.g. Mathematics or Science; masters preferred
• Financial, Accounting or Risk Management designation required or an equivalent combination of education and experience
• 8-9 years in progressively senior positions within an OSFI regulated financial institutions
• Experience in risk management, or analytically focused role, including 5 years leading and developing people required
• Experience in overseeing with capital, liquidity, credit and market risk analytics in a second line of defense function (Risk Management)
• Strong leadership skills (communication, coaching), with the ability to influence others
• Demonstrated written and verbal communication skills, with the ability to interact effectively and build long-term relationships with a wide variety of stakeholders
• Experience working with in a treasury related role, with knowledge of risk analytics and modeling techniques required
• Demonstrates strong proficiency in of hedging strategies to effectively manage interest rate risk
• Specialist understanding of quantitative methods and complex statistical analysis
• Demonstrated advanced knowledge of advanced analytics, modeling and stress-testing
• Demonstrated advanced knowledge of enterprise risk principles within a financial institution, including knowledge of Capital, liquidity and market risk
• Displays an understanding of management practice of capital and market & liquidity risks
• Ensures compliance with all relevant regulations, policies, and standards (e.g. OSFI, FCAC)

Benefits

• Mental health coverage and resources
• Customizable health benefits, as well as topped-up parental leave
• Performance-based compensation, employee banking advantages and group RRSP matching
• Vacation time and flexible work arrangements to support your lifestyle
• Paid time off to volunteer
• Opportunities for professional development and training