Consultant, Treasury Investment Risk

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 2300 diverse individuals access competitive rewards and benefits and be part of a greater movement - apply today!

Your Role in Supporting Our Members:

As a Consultant Treasury Investment Risk you will provide independent secondâline oversight of risks arising from Vancitys Treasury investment activities. You will play a critical role in assessing and challenging investment risks including spread funding residual hedging correlation and tail risksto ensure they remain within approved risk appetite. Through rigorous analysis and independent challenge you will help strengthen balanceâsheet resilience and support informed decisionâmaking by senior leaders and governance committees. We are seeking a seasoned risk professional with strong analytical depth sound judgement and the confidence to provide constructive challenge in a complex financial environment.

This is a Fullâtime Permanent role based at our Vancity head office and will report directly to the Director Treasury Risk Management. While this position provides a hybrid work arrangement you will be expected to be onâsite for events and business demands.

How Youll Make an Impact:

• Independently overseeing investment risks of the treasury investment portfolio including spread risk funding and liquidity risk hedging residual (basis) risk correlation risk and tail risk
• Developing maintaining and enhancing quantitative market risk models including ValueâatâRisk (VaR) stress testing and scenario analysis to support independent Treasury risk oversight and seniorâlevel decisionâmaking
• Monitoring daily market risk exposures limit utilization and Treasury trade activity using Bloomberg AIM identifying emerging risks concentrations limit breaches and preâ and postâtrade compliance exceptions including overrides for timely escalation to the Director and senior governance forums
• Leading the design and ongoing enhancement of Treasury investment risk frameworks methodologies limits and reporting used by ALCO and Senior Management
• Assessing funding structures and secured wholesale funding risks including collateral usage haircuts rollover risk and sensitivity to stressed repo market conditions
• Translating Treasury investment risks into clear implications for portfolio valuation OCI EVE capital adequacy and overall balanceâsheet resilience
• Producing quantitative risk analysis dashboards and governance materials to support Directorâled ALCO reporting escalation and challenge
  
  

What Youll Bring to the Team:

• Masters degree in finance Economics Mathematics or a related quantitative discipline
• 710 years of experience in Treasury investment risk market risk or portfolio risk management within a bank credit union or regulated financial institution
• Demonstrated capability to design build and maintain market risk models including VaR methodologies stressâtesting frameworks and scenario analysis.
• Advanced knowledge of fixedâincome instruments derivatives hedging strategies funding structures and secured wholesale funding markets including repo dynamics and collateral mechanics
• Practical experience overseeing daily market risk monitoring limit frameworks and compliance controls for Treasury trading activities
• Strong working knowledge of Bloomberg AIM for trade surveillance limit monitoring compliance oversight and exception escalation
• Deep understanding of how Treasury investment risks transmit into valuation OCI EVE capital and balanceâsheet resilience under normal and stressed conditions
• CFA FRM or equivalent professional designation preferred
• Strong judgment and credibility to independently assess challenge escalate and recommend actions on complex risk issues with material balanceâsheet impact
  
  

Extra Skills That Set You Apart:

• Experience operating within a secondâline risk function providing independent oversight of Treasury or investment activities
• Strong understanding of ALCO governance risk appetite frameworks limits and escalation thresholds
• Experience determining what risk work must be delivered over the year sequencing analysis based on materiality and emerging risk signals
• Ability to influence senior stakeholders across Treasury Finance Enterprise Risk and governance committees without direct authority
• Strength in translating complex quantitative analysis into clear governanceâready insights for senior audiences
  
  

Youll Thrive Here If You Are:

• Technically strong comfortable designing risk methodologies understanding their limitations and defending assumptions in governance forums.
• Independent and confident able to provide constructive challenge on trading activity limits models and assumptions while maintaining trusted relationships.
• Strategic in mindset able to connect granular risk analysis to broader Treasury strategy risk appetite and capital outcomes.
• Clear and influential skilled at explaining complex investment risks in a way that supports ALCO decisions and senior management accountability.
  

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:

This role offers a salary range of$96600 to $113700 per annum. The 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 employees may also be eligible for our annual incentive program subject to program eligibility requirements.

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 also 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:

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