Director, Capital and Stress Testing

Our Story & Purpose:

Were 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. Weve made bold commitments to become net-zero by 2040 across all mortgages and loans and were actively pursuing strategies in Indigenous banking and financial resilience for our members.

As the largest private sector Living Wage Employer in Canada were proud to be consistently recognized as one of the countrys Top Employers. If youre ready to join our team of 2700 diverse individuals access competitive rewards and benefits and be part of a greater movement - apply today!

Your Role in Supporting Our Members:

As the Director Capital and Stress Testing you will lead the second line oversight of capital adequacy and stress testing processes at Vancity. This role is responsible for establishing validation frameworks for capital usage overseeing the Internal Capital Adequacy Assessment Process (ICAAP) and ensuring that capital risk is effectively measured and managed. Reporting to the VP Risk Management - Finance and Treasury you will serve as a key liaison with regulators and internal stakeholders ensuring that capital planning aligns with enterprise risk appetite and regulatory expectations while supporting Vancitys mission of financial inclusion and community impact.

This is a permanent role that will enjoy hybrid working arrangements which can be fulfilled primarily from the Vancity head office location and your Lower Mainland based home office. You may be required to work on-site several days each week to support executive collaboration and regulatory engagement.

How Youll Make an Impact:

• Strategic Oversight and Framework Implementation: Design and implement the governance framework for capital risk measurement and stress testing from inception ensuring alignment with Vancitys mission and regulatory expectations
• Team Leadership and Development: Build a lean high-performing team fostering a collaborative and mission-driven culture while maintaining independence and accountability.
• Validation and Independent Challenge: Establish validation processes for Finances measurement of capital usage ensuring accuracy and consistency in capital calculations and escalate concerns as needed.
• ICAAP Governance and Regulatory Engagement: Lead the governance and continuous enhancement of Vancitys ICAAP bringing together capital forecasts risk assessments and forward-looking analysis in close partnership with Finance Treasury and other stakeholders to provide the Board and regulators with a clear view of capital adequacy.
• Ongoing Stress Testing and Scenario Analysis: Ensure stress testing processes generate clear insights that guide decisions on balance sheet management capital allocation and sustainable growth by providing independent challenge on scenario design key assumptions and interpretation of results to align outputs with Vancitys risk appetite regulatory expectations and long-term strategy.
• Regulatory Liaison and Collaboration: Support the VP Risk Management - Finance & Treasury in serving as a key liaison with regulators and in collaborating across Finance Treasury and Risk to ensure integrated planning

What Youll Bring to the Team:

• Bachelors degree in Finance Business or a related field. An MBA or similar advanced degree is an asset
• Chartered Financial Analyst (CFA) or Chartered Risk Management Professional (CRMP) designation preferred
• 8 years of experience in capital planning stress testing ICAAP or related areas in a financial institution or regulator environment
• Strong leadership skills with experience building and developing teams
• Deep understanding of capital adequacy regulations stress testing methodologies and risk management frameworks
• Proven track record of establishing processes and governance from the ground up and providing strategic oversight of complex risk measurement frameworks
• Exceptional communication and stakeholder management skills including experience engaging with regulators

Youll Thrive Here If You Are:

• Strategic You connect capital risk management to Vancitys broader mission balancing prudential expectations with our purpose-driven goals
• Analytical You have advanced skills in capital modeling and stress testing able to review data detect anomalies and ensure accuracy in capital adequacy calculations.
• Collaborative You build strong partnerships across Finance Risk and Treasury fostering a culture of shared accountability and integrated planning
• Regulatory-savvy You understand OSFI requirements and capital adequacy frameworks and can translate them into practical mission-aligned frameworks
• People-focused You lead and grow a team creating an environment where analysts can thrive and contribute to the organizations resilience

We value lived experience so if you are interested in this role we encourage you to apply even if you feel your skills dont perfectly align with those listed.

What Youll Earn:

The salary range for this role is $121000 to $181200 annually. Base pay offered may vary depending on factors such as relevant qualifications skills previous experience and internal equity. As part of our total rewards package you will be eligible for our annual incentive program subject to program eligibility requirements.

Posting Deadline: Posted until filled

Why Youll Love Working Here:

A career at Vancity is more than just a job youre joining a tradition of change-makers who are creating lasting change for our communities. Beyond base pay we offer a comprehensive total rewards package to ensure our employees are empowered to thrive:

• Living Wage Employer: Were the largest private-sector Living Wage Employer in Canada and consistently ranked among Canadas Top Employers.
• Customizable Benefits: Permanent employees receive flexible benefit packages that can be tailored annually to meet evolving needs.
• Generous Vacation: New employees start with 3-4 weeks of vacation per year with additional days earned over time.
• Extra Stat Holidays: In addition to BCs 11 statutory holidays we offer 2 extra days plus care days for personal or family illness.
• Immediate Health Coverage: Health and dental benefits begin on your hire date with three levels of coverage to choose from.
• Defined Benefit Pension: Our retirement plan provides a guaranteed income for life recognizing that retirement looks different for everyone.

Vancity Talent Programs:

Vancity supports an inclusive hiring process for candidates who self-identify as Indigenous Black or Trans. With special permission from the BC Human Rights Commissioner this initiative provides access to career development opportunities prioritized job screening and feedback. Any information you choose to share will be stored securely and used only for recruitment and career development connected to this initiative in line with the BC Personal Information Protection Act (PIPA). For details please see our dedicated Talent Programs job posting.

At Vancity were committed to creating a welcoming and inclusive workplace to help our people and communities thrive and prosper. Diversity in our workforce is integral so that we can truly represent understand and respond to our community needs and deliver on our member experience.

We are committed to an inclusive barrier-free and accessible recruitment experience for all candidates. If you require any accommodations or support at any stage of the recruitment process (including the application stage) we encourage you to let us know by contacting our Talent Acquisition team at Were here to work with you to ensure your needs are met promptly and effectively. All requests will be handled with the utmost respect and confidentiality so you can participate fully in the process.

Required Experience:

Director