Manager, Capital Oversight and Stress Testing

Join a Challenger

Being a traditional bank just isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.

How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo. So, if you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity.

Our company continues to grow, and today we serve more than 780,000 customers across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $138 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.

The Work

Treasury Risk and Capital Oversight (TRCO) is a risk division at Equitable Bank that oversees the bank’s liquidity and funding risk, market risk and securitization risk at the consolidated bank level. The team’s other major mandate is to provide oversight to the bank’s capital management process, Internal Capital Adequacy Assessment Process (ICAAP) and other enterprise programs, including enterprise-wide stress testing, enterprise recovery planning and the regulatory Macro Stress Testing program.

The Core Responsibilities!:
• Assisting the program lead to ensure that the Bank satisfies OSFI requirements for stress testing in general and the MST (Macro Stress Test), including ECL and RWA quantification, completion of MST schedules, readiness of models and tools, consensus on industry and economic outlooks, and ensuring adherence to OSFI’s instructions for the MST:
• Assisting the development of models (e.g., PPNR) connecting risk factors and stress scenarios.
• Ensure the readiness of MST consolidation tools.
• Provide analytical services to support the MST and stress testing.

Providing inputs into the design of stress scenarios and forecasts for the Enterprise-Wide Stress Test (EWST) in support of the MST, ICAAP, Enterprise Recovery Plan, etc.:
• Assist in the development of stress scenarios for the EWST.
• Coordinate and support the development and quantification of results.
• Maintaining and improving the credit risk stress testing process.
• Developing and maintaining reporting tools for stress testing processes in support of TRCO’s mandate.
• Assisting in preparing the ICAAP submission package to the Office of the Superintendent of Financial Institutions (OSFI).
• Assisting in implementing planned enhancements to the ICAAP, including incorporation of new methodologies/models and coverage of new risk types in the ICAAP target setting process.
• Assisting in completing a full refresh and ongoing updates of the Enterprise Recovery Plan, which includes updating existing sections, drafting reports, developing tools to analyze and recommend improvements for stress scenarios, stress test results, recovery actions and the overall process.
• Updating committee reports on a timely basis as required.

Let's Talk About You!:
• Post-secondary degree in Finance, Economics, Mathematics, Statistics.
• A professional designation in Finance, Accounting or Risk management is preferred.
• A minimum of 3 years of experience working in a Financial Institution with knowledge of credit risk stress testing is required.
• Strong technical skills with demonstrated hands-on experience in programing languages such as Python and SQL, along with proficiency in database management and data visualization tools such as Power BI to effectively analyze and present data insights.
• Sufficient knowledge to champion AI applications in the team.
• Strong verbal and written communication skills, along with a collaborative mindset and superb interpersonal skills.
• Exceptional time management and organizational skills.
• Familiarity with balance sheet management concepts, including Funds Transfer Pricing, Hedge Accounting, ALM and Liquidity.

What we offer [For full-time permanent roles]

💰 Competitive discretionary bonus
✨ Market leading RRSP match program
🩺 Medical, dental, vision, life, and disability benefits
📝 Employee Share Purchase Plan
👶🏽 Maternity/Parental top-up while you care for your little one
🏝 Generous vacation policy and personal days
🖥 Virtual events to connect with your fellow colleagues
🎓 Professional development and comprehensive Career Development program
💛 A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well.

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We can’t wait to get to know you!