Associate Director, Stress Testing

Core Parts Of The Role Would Br T

• Stress Scenarios (20%)
• Design, develop, and maintain a process to identify risks including emerging risk and market sentiment.
• Design, develop, and maintain a process to define stressed scenarios appropriate for EWST, ICAAP, and recovery plan. 
• Lead the co-ordination of stressed scenario forecasts and oversee the narrative of economic outlook used in the stress testing.
• Review quarterly BAU stress testing scenarios and results with senior management.
• Lead the quarterly BAU stress testing reporting and analysis.


• Enterprise-Wide Stress Testing (EWST) (30%)
• Support the design, development, and maintain the EWST roadmap, including implementation plan, policy and procedures, and infrastructure.
• Ensure that the Bank’s Stress Testing policy and procedures align with relevant regulatory guidelines i.e., OSFI E-18, OSFI E-19, OSFI B-15, and BCBS 450.
• Support the end-to-end development and implementation of the enterprise stress testing program.
• Support enhancement of technology infrastructure and underlying processes for an enterprise-wide stress testing solution, integrating results from stress testing of Credit risk, Liquidity and Funding risk, Market risk, and Operational risk.
• Coordinate and manage key relationships with Finance, Treasury, Business Lines, Model Development, and Model Validation for timely delivery against the EWST roadmap.
• Support a robust stress testing governance process with adequate controls and oversight.
• Co-ordinate and Support execution of credit risk and operational risk stress testing.  Provide effective challenge for liquidity and funding risk and market risk stress testing.
• Provide expertise to advance the use of stress testing results for Senior Management decision making and risk management purposes.
• Drive ad-hoc stress testing, including stress testing to evaluate new products, acquisition of portfolios etc.
• Support Integration of stress testing to derive risk appetite limits.


• Regulatory Stress Testing (20%)
• Co-ordinate and support interpretation of scenarios and requirements for regulatory stress testing such as OSFI Macro Stress Testing (MST).  Provide responses to ongoing OSFI questions.
• Participate in forums organized by Canadian Bankers Association (CBA) and OSFI to represent the Bank’s stress testing program.
• Support execution of credit risk and operational risk stress testing.  Provide effective challenge for liquidity and funding risk and market risk stress testing.
• Provide expertise to interpret stress testing results for Senior Management and provide thought leadership in forecasting management actions in response to the impact of stressed results. 


• ICAAP Stress Testing (10%)
• Support design, development, and maintain Stress Testing to support ICAAP.
• Lead execution of battery of stress tests to support quarterly ICAAP.
• Support analytics to determine appropriate levels of Pillar II ICAAP capital add-ons.


• Climate Risk (10%)
• Support design, development, and maintain stress testing for climate risk.
• Keep abreast of evolution on requirements for climate risk stress testing.  Co-ordinate with internal stakeholders to develop and execute plans to deliver climate stress testing.


• Team Leadership and Development (10%)
• Provide thought leadership to the stress testing team and co-ordinate the delivery of key initiatives, including EWST, ICAAP, MST, and Climate Risk.
• Support development of the team’s core function, managing, mentoring, and assisting in staff’s professional growth.

Let's Talk About You!

• A post-secondary education in Economics, Accounting, Finance, Mathematics; CFA, FRM, and SCR preferred.
• Minimum 7+ years of experience in Stress Testing, Portfolio Analytics, Enterprise Risk Management, Finance, Economic Research.
• Minimum 5+ years of experience in leading teams and enterprise initiatives with successful execution and delivery
• Solid understanding of AIRB, ICAAP, EWST, MST, Climate Risk, IFRS 9, Financial Statements, and Retail and Commercial businesses.
• Exceptional knowledge in Stress Testing, Economics, Credit Risk, Finance, and Liquidity.
• Strong organization, time management and multi-tasking skills; Ability to work at a fast pace and manage multiple deadlines at one time.
• Excellent oral and written communication skills as well as excellent presentation skills with ability to conduct presentations comfortably to senior and executive management.
• Ability to identify and provide viable options and recommendations to support effective decisioning.
• High attention to detail, hands-on, detail-oriented reporting, and ability to influence senior management.
• Ability to effectively manage a team and mentor junior team members; lead by example and align each team members’ focus into a single cohesive vision.