At CWB , we strive to build value for the people who choose us every day: our people, our clients and our investors. We do this by holding true to the values that guide us. We put people first and build relationships with intention. We seek out and embrace new ideas, knowing that better is always possible. We believe that how we do things is as important as what we do. And we harness the power of inclusion. Our culture is who we are and how we show up - as individuals and as a team - to accomplish our strategy.
Integrated Risk Management (IRM) is a corporate risk management department has direct oversight accountabilities for Operational and Market Risk Management as well as ownership of economic forecasting, stress testing conditional credit modeling; risk adjusted pricing oversight and the annual ICAAP exercise.
The Manager Liquidity and Market Risk will directly support the Senior Manager of Liquidity and Market Risk in the second line oversight of liquidity and market risk for banking.
The primary responsibilities for this role include establishing the 2nd line of defense review framework on Treasury Liquidity Reporting, providing oversight and challenge on Treasury Liquidity assumptions and enhancing the independent EWI monitoring process in Risk Management team.
Supporting the Senior Manager of Liquidity and Market Risk in providing oversight on liquidity and market risk management, FTP (Funds Transfer Pricing) – including oversight and challenge of assumptions made by the Treasury department, stability of funding needs and market analysis of liquid asset portfolio.
Developing and enhancing 2nd line of defense review framework and policy for regulatory and management liquidity reporting.
Initiating and establishing EWIs that effectively monitor the liquidity risk and interest rate risk of the bank.
Assisting in the preparing materials for executive committee for liquidity and interest rate risk.
Performing ad hoc analysis and developing risk reporting as requested by management.
Supporting the development of interest rate models for measuring risk in the bank’s Net Interest Income (NII) and Economic Value of Equity (EVE) based on the duration and cash flow profile maintained by the Treasury function in the banking book; models should reflect prevailing market volatility and pricing.
Working with the Senior Manager of Liquidity and Market Risk to analyze risk results for NII and EVE.
Monitoring risk exposures, performing analytics and reporting of changes to liquidity and market risk positions over reporting periods; addressing and / or escalating any issues.
Developing and executing regulatory and ad-hoc liquidity stress testing; providing analysis to senior management relating to risk mitigation.
Ensuring appropriate documentation (i.e. stress testing methodologies) and operational procedures (i.e. Standard Operating Procedures) are in place; maintaining processes relating to data acquisition, analytical and reporting processes.
Ensuring methodologies for understanding and measuring risks remain current to industry best practices.
Skills and competencies that will take you further
Experience in business and/or technical writing with clear and concise written communication skills.
Excellent written communication skills. Candidates must be able to write clear, coherent sentences without grammatical errors and should be able to summarize technical concepts in writing for a non-technical audience.
Highly organized and a strong attention to detail.
A natural organizer with time leadership skills, able to independently manage multiple work streams without constant supervision.
Independently motivated and able to take the initiative to progress projects when guidance from their leader is not available.
Excellent interpersonal skills with the ability to work in a collaborative work environment .
Foundational knowledge and experience to grow from
Minimum Bachelor’s degree in business management, quantitative finance, financial engineering or a related field.
Professional designation in CFA and FRM are assets.
Minimum 4 years of professional experience working in risk management of large financial institutions, preferable in Treasury Liquidity Risk Management area.
Familiar with OSFI LAR and the implication in liquidity reporting.
Proficiency in SQL, MS Office.
Proven ability in preparing clear and concise technical documentation for complex financial models.
Experience in presenting highly technical concepts and detailed results to senior management.
Experience in behavioral modelling for banking products (loan commitments, prepayment behavior, non-maturity deposit modeling)
Experience in balance sheet forecast and funding plan at a large financial institution
Experience working with QRM
Working knowledge in financial modelling with R, Matlab, SAS
Ignite your career. Apply with CWB today.
Why work with us?
Winners of Canada’s Most Admired Corporate Culture 2020
& recognized as one of 50 Best Workplaces in Canada by Great Places to Work
Your voice matters. Help us shape our voice around important social & cultural matters.
The opportunity to make a difference . Build a team. Make an impact. Put your mark on the CWB landscape.
Flexible work arrangements . Make work make sense for you. Remote work. Relocation. Compressed work weeks & more!
Physical health and mental fitness are priorities . Generous time away to practice self-care and family-care with 100% company paid benefit & support programs.
Community giving. Drive economic prosperity in your community. Get involved. Volunteer. Fundraise. All with CWB support.
Bring your whole self to work. Inclusion is a journey requiring practice & experience that results in a powerful outcome.
Innovation. Learn. Grow. Enhance. At CWB we play to win. When we fail, we fail forward.
Connection. Join, participate, lead an employee regulated group (ERG). Find a community within the CWB family.
Organization wide coaching services . Strategic career design is something we work hard to deliver for all employees.
Recognition. Peer to peer recognition program. Both “in the moment” and monumental!
Financial rewards . Yup! We pay you too. Base plus performance incentives.
Retirement investment strategy. You can’t work forever, so we have a RRSP contribution & matching program with financial advisors at the ready to help you make the most of your wealth.
Company ownership. The knowledge and opportunity to impact the bottom line and be rewarded for it - every day, with our employee share purchase plan.
Ignite a spark. Create your path. Go further with CWB. Apply today.
As an equitable employer, CWB Financial Group is committed to providing a safe and inclusive environment where a diverse workforce thrives. You are welcomed and encouraged to bring your whole self to work. Dignity, respect and equality are non-negotiables. If you require accommodation during any part of the recruitment or selection process, please reach out.
- P osition closes at 12:01am on the close date identified below.