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Senior Director, Asset and Liability Management (ALM)

EQ Bank
Toronto
•On-site•
Full-time
•
Posted 4 months ago
Treasury
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Job Description

The Work
 
As Senior Director, Asset and Liability Management (ALM), you will play a critical role in shaping EQ Bank’s balance sheet strategy, ensuring a well-managed interest rate risk profile, and driving optimized treasury investment practices. This role positions you as a key architect in the development and execution of ALM strategies that safeguard the bank's financial health while enabling sustainable growth. Leveraging advanced modeling tools and your expertise in financial risk management, you will ensure the bank remains resilient in an evolving regulatory and market environment.
 
By integrating strategic oversight of interest rate risk, treasury investments, and ALM model development, this role is pivotal to maintaining EQ Bank’s position as a leader in the Canadian financial landscape.

Responsibilities

The Core Responsibilities!

  • Design and oversee execution of interest rate risk management strategies, analyzing exposures and implementing mitigation measures, including the use of hedging instruments.
  • Develop and optimize the bank’s treasury investment strategies, ensuring alignment with risk appetite and maximizing returns within regulatory guidelines.
  • Lead the development, implementation, and management of sophisticated ALM models to assess market risk on the balance sheet..
  • Perform scenario analysis and stress testing to evaluate the impact of interest rate movements and market conditions on the bank’s financial position, including support for the bank’s stress testing programs (EWST, MST) and capital evaluation process (ICAAP).
  • Ensure adherence to regulatory requirements, such as OSFI’s Market Risk Management Guideline.
  • Collaborate with Treasury, Risk, Finance, and other internal teams to align ALM strategies with organizational objectives and market opportunities.
  • Maintain robust documentation of ALM policies, procedures, and processes.  Support Treasury Risk and Capital Oversight team to ensure effectiveness of the 2nd line oversight function.
  • Manage the Bank’s interest rate and foreign exchange exposures by managing suitable hedging strategies with consideration for the Bank’s target exposure and any hedge accounting implications.
  • Recommend actions on the Bank’s liquidity portfolio. Report on portfolio performance and investment strategy to Senior Management.
  • Provide actionable insights and recommendations to senior leadership on interest rate risk, investment portfolio performance, and balance sheet management.
  • Stay informed about market trends, regulatory changes, and emerging risks, adjusting strategies proactively to maintain resilience and compliance.
  • Liaise with OSFI and other industry representatives as appropriate to evaluate regulatory guidance, staying abreast of potential impacts to Equitable’s market risk management.
  • Oversee the preparation and delivery of detailed ALM reports, dashboards, and presentations to senior management and relevant committees.
  • Drive continuous improvement initiatives, integrating advanced tools and technologies to enhance the efficiency and accuracy of ALM operations.

    • Requirements

    Let's Talk About You!

  • Bachelor’s degree in Finance, Economics, Mathematics, or a related field. An advanced degree (e.g., MBA) or professional designation such as CFA or FRM is highly preferred.
  • A minimum of 15 years of progressive experience in ALM within a Bank treasury, or risk management function, including experience in managing and mentoring a team of quantitative analysts to develop and enhance ALM models and risk frameworks.
  • Strong knowledge of financial instruments, risk management techniques, capital markets, and regulatory frameworks such as OSFI’s B-12 Interest Rate Risk Management Guideline.
  • Deep understanding of interest rate risk management, treasury investment strategies, and ALM modeling techniques.
  • Strong understanding of hedge accounting in the context of bank treasury risk management.
  • Strong proficiency in financial modeling, scenario analysis, and regulatory compliance related to liquidity and interest rate risk.
  • Proven ability to analyze complex financial data and develop actionable strategies.
  • Demonstrated leadership capabilities with a focus on innovation and driving operational excellence.
  • A high level of maturity, with strong communication skills and the ability to interact confidently with internal and external stakeholders and decision makers.

    • Ready to Apply?

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