VP, Liquidity & Market Risk

VP, Liquidity & Market Risk

We are currently seeking a VP, Liquidity & Market Risk to join our team. The VP, Liquidity and Market Risk provides independent oversight of the credit union’s treasury activities, more specifically, liquidity, interest rate, and capital risk management. This position is accountable for the development and management of risk measurement, monitoring, and reporting functions, as well as advising the Chief Risk Officer regarding risk tolerances, policies, and adherence to regulatory requirements. The VP stays abreast of the regulatory landscape and market conditions, including potential stress scenarios, and their impacts on the credit union risk limits and financials. With support from the analytical risk team, the VP oversees risk modeling, stress‑testing, and collaborates with the treasury team to develop, implement, and test liquidity and capital contingency plans.

Typical Day / Responsibilities

• Leadership : Provides leadership and direction to the team, including recruitment, training, development, establishing annual goals, and completing performance management processes. Works strategically with key internal partners and collaborates with cross‑functional teams across the organization.
• Liquidity & Capital Risk : Independently monitors and assesses the credit union liquidity and capital positions. Reviews and challenges stress‑testing parameters, calibration, assumptions and management actions. Maintains and enhances liquidity and capital risk‑management policies and frameworks to address evolving regulatory requirements and industry best practices. Oversees real‑time risk monitoring and reporting, during high‑volatility periods.
• Risk Oversight : Develops and maintains risk measurement systems that deliver liquidity and funding risk metrics, supporting effective management and oversight across both the first and second lines of defense. Validates assumptions used by finance and treasury and ensures they operate within board and management limits, and action plans established when limits are exceeded. Reviews liquidity objectives and positions on a regular basis with the treasury team.
• Risk Reporting : Prepares and presents risk reports to the Chief Risk Officer and senior management, effectively communicating risk profile and issues. Provides updates on regulatory changes, analyzes data, develops risk analytics and reporting, identifies key risk drivers, and delivers actionable insights.
• Risk Policies : Recommends internal limits and tolerances to the Chief Risk Officer and ensures effective risk policies are in place and aligned with the credit union’s risk appetite and regulatory requirements.
• Modeling & Stress‑Testing : Oversees treasury stress‑test activities and, with the Risk Analytics team, reviews and validates models used to measure liquidity, interest rate and funding risk, including the credit union forecast of capital ratios. Recommends model and assumption changes as required.
• Contingency Plans : Participates in the development and testing of contingency plans for potential market disruptions. Leads annual testing of these plans.
• Market Monitoring : Monitors the market environment and industry best practices to ensure First West’s capabilities continue to meet management and regulatory expectations. Identifies and analyzes emerging market risks that could impact the organization and opines on risks and benefits of potential management actions during times of economic and market stresses.

Required Skills, Experience & Qualifications

• Bachelor’s degree in a quantitative discipline (e.g., Mathematics or Science); master's preferred.
• Financial, Accounting or Risk Management designation required or an equivalent combination of education and experience.
• 10 years experience in progressively senior leadership positions within an OSFI regulated financial institution.
• Experience in risk management or an analytically focused role, including 5 years leading and developing people.
• Experience overseeing capital, liquidity, credit and market risk analytics in a second‑line function (Risk Management).
• Strong leadership skills (communication, coaching) and the ability to influence others.
• Excellent written and verbal communication skills, with the ability to build long‑term relationships with a wide variety of stakeholders.
• Experience working in a treasury‑related role, with knowledge of risk analytics and modeling techniques.
• Proficiency in hedging strategies to manage interest rate risk effectively.
• Specialist understanding of quantitative methods and complex statistical analysis.
• Advanced knowledge of analytics, modeling and stress‑testing.
• Advanced knowledge of enterprise risk principles within a financial institution, including capital, liquidity and market risk.
• Understanding of management practices for capital and market & liquidity risks.
• Ensures compliance with all relevant regulations, policies and standards (e.g., OSFI, FCAC).

Benefits

• Mental health coverage and resources.
• Customizable health benefits, topped‑up parental leave.
• Performance‑based compensation, employee banking advantages and group RRSP matching.
• Vacation time and flexible work arrangements.

Diversity, Equity, Inclusion & Belonging

At Tru Cooperative Bank, we embrace diversity regardless of gender identity or expression, sexual orientation, religion, race, ethnicity, age, diverse ability, and any aspect that makes someone unique. Inclusion is woven through our organization, from employee‑led network groups, hiring practices and education programs that address barriers and continually grow our equitable, diverse and inclusive culture.

We encourage people from equity‑deserving groups to apply for a career with us, including women or non‑binary people, persons with diverse abilities, Black, Indigenous Peoples, People of Colour and members of 2SLGBTQIA+ communities.

If an accommodation would help you during the application or interview process, please let us know how we can assist you.

Background Check

Candidates, please note: if you are being considered for this role, you will be required to complete a background check, including employment verification, credit check and criminal record check.