Director, Treasury Risk Management

Director, Treasury Risk Management

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We’re Vancity, a member‑owned credit union built on the principles of inclusion and social justice. Since 1946, our relentless commitment to these values has helped us challenge the status quo and break down barriers. We’ve made bold commitments to become net‑zero by 2040 across all mortgages and loans, and we’re actively pursuing strategies in Indigenous banking and financial resilience for our members.

As the largest private‑sector Living Wage Employer in Canada, we’re proud to be consistently recognized as one of the country’s Top Employers.

As the Director, Treasury Risk Management, you will lead the second‑line oversight of all market risks arising from Treasury activities, including interest rate risk in the banking book (IRRBB), liquidity risk, FX risk, and other capital markets exposures across Vancity’s balance sheet. You will be responsible for designing and implementing robust risk measurement and monitoring frameworks from inception, while providing independent review and challenge of Treasury strategies and activities.

This role reports directly to the VP, Risk Management – Finance & Treasury (RMFT) and is foundational to the development of Vancity’s newly established Finance & Treasury Risk function. You will work closely with Treasury, Finance, and senior leadership to provide independent review, challenge, and insight into strategies affecting Vancity’s financial sustainability, risk appetite, and regulatory compliance.

This is a Full‑time, Permanent role and will report to the Vice President, Risk Management – Finance and Treasury. Our head office is based in Vancouver, but we are open to candidates in BC and Ontario. You may be required to attend in‑person meetings, events, and collaborative sessions as part of building a new functional area in Vancity’s Risk Management function.

• Designing, implementing, and maintaining comprehensive market risk measurement frameworks (IRRBB, liquidity, FX, credit spread, and other market risks), including stress testing and scenario analysis, building these capabilities from scratch
• Leading and developing a team of Treasury Risk Management analysts, fostering a collaborative culture aligned with Vancity’s values
• Monitoring and validating hedge accounting processes, including hedge effectiveness testing and documentation
• Providing compliance and portfolio risk oversight for Treasury investment portfolios, ensuring adherence to investment policies and risk limits
• Overseeing the development and validation of Funds Transfer Pricing (FTP) methodologies and frameworks
• Monitoring trading and portfolio management activities for compliance with risk appetite and limits
• Conducting counter party risk assessments, including approval, monitoring, and limit setting
• Providing independent review and challenge of Treasury pricing, trading, and investment strategies, balancing financial sustainability with Vancity’s community mission
• Preparing independent second‑line reporting and insights for ALCO, senior leadership, and regulatory submissions
• Collaborating with Finance and Treasury to ensure alignment between risk oversight and business strategy
• Influencing risk culture across the organization through partnership, transparency, and thought leadership

• A degree in Finance, Economics, Accounting, or a related field; certifications such as CFA, FRM, or CPA are strong assets
• 8–10+ years of progressive experience in Treasury, Market Risk, or Financial Risk Management roles within a regulated financial institution
• Deep expertise in asset‑liability management (ALM) and balance sheet risk, including liquidity, IRRBB, and capital management frameworks
• Strong knowledge of regulatory expectations (OSFI, BCFSA, Basel III) and experience developing compliant risk frameworks and governance structures
• Proven ability to interpret and challenge complex risk methodologies and to translate technical findings into clear, actionable insights
• Demonstrated success in leading and…