Market Risk Analyst

Posting Closes: April 1 2025/ 4:00 pm/mst

Employment Status: Fulltime; permanent

Hybrid: Servus Corporate Offices are located in Edmonton and Calgary interested candidates will be required to work from an office on an occasional basis as defined by the department.

Servus Credit Union is Albertas largest memberowned credit union known for building strong resilient communities by helping our members feel good about their money. One of Canadas Best Managed Companies for 20 consecutive years and ranked as one of the top banks in Canada on Forbes Worlds Best Banks list for two years in a row we are a team of smart gutsy and driven individuals.

Reporting directly to the Leader of Market Risk the Market Risk Analyst is responsible for contributing to the measurement and management of the credit unions interest rate risk in the banking book (IRRBB) and foreign exchange (forex) risk. This includes measurement of risks inherent to our residential mortgage rate commitments loan prepayments and comprehensive modelling of the credit unions interest rate risk positioning. The nature of this function requires:

• Strong theoretical and practical knowledge of capital markets and investments

• Strong technical proficiency needed to work quickly and accurately with large and/or complex data sets

• Behavioural attributes of accountability and a commitment to best

More specifically the scope of your responsibilities will include but are not limited to:

• of a funds transfer pricing (FTP) mechanism approved by the credit unions ALCO (assetliability committee)
• Contributing to the production of analytics of the interest risk attributes of products in our banking book including embedded option costs which will underpin FTP methodologies chosen for
• Contributing to risk assessments including repricing gap profiles net interest margin forecasts reflecting an array of interest rate risk scenarios and market valuations and fair valuations of positions
• Contributing to trade recommendations for hedging IRRBB and of approved hedging trades
• Measuring opening closing and intraday forex risk exposure and making related hedging trade decisions within defined limits for this role; promptly requesting approval for necessary trades within the limits of more senior team members
• Contribute to prudent development and of retail banking product structures such as equitylinked term deposits forex forwards forex options etc.
• Provide ad hoc insights to the Leader of Market Risk and Head of Treasury to support ongoing prudent management of IRRBB
• Assist in managing the risk exposure in the mortgage pipeline by accurately measuring risk exposure on a timely basis and executing required hedging trades
• Liaise with internal stakeholders such as our accounting function to perform regular assessments of hedge effectiveness of existing hedging derivative positions
• Complete regulatory risk reporting within scope of the teams mandate as required by external regulatory authorities
• Contribute to the development and implementation of policies related to interest rate risk or market risk management; provide input on policy changes informed by industry conditions best practices and new regulatory guidance

Experience and Education:

• Strong understanding of capital markets investment theory and the technical skills needed to quickly and accurately synthesize risk insights from large and complex data sets
• Intermediate or better proficiency in software such as Bloomberg SQL Excel PowerQuery etc.
• Bachelors degree or higher in economics finance business administration or a related field
• A masters degree is considered an asset but is not required
• One or more relevant professional designations (such as CFA FRM etc. or equivalent experience is considered a significant asset
• Minimum 5 years experience in bank Treasury and/or AssetLiability Management in a financial institution

• Demonstrated track record of strong continuous learning and critical thinking

Most importantly we are looking for candidates with a passion for helping our members and businesses succeed. If you are a Market Risk Analyst looking for longterm career growth then we encourage you to apply!

Working for Servus has outstanding benefits. In addition to standard benefits like health and wellness vacation and retirement savings programs we also provide other important benefits such as:

• Training & Development Opportunities
• Career Advancement Potential
• Flexible work options
• Competitive Compensation including performancebased incentive pay
• Meaningful work towards individual and corporate goals
• Opportunities to get involved and give back through an employee volunteer program

For information about these benefits and more click here.

At Servus our employees are also members. This means youll have all the benefits of being a member of the credit union including profit sharing voting for the board of directors and all of the services we provide with a few additional perks!

What happens next

Only those applicants selected for an interview will be contacted. Should you require any accommodations during the hiring process please advise us at that time.

Discover a sense of belonging amongst a team of unique authentic individuals working together to reimagine financial fitness. We value and celebrate the richness that diverse backgrounds and experiences bring to our community. Your skills passion and curiosity may find a sense of belonging at Servus so even if you dont check every box we encourage you to apply!

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