Associate Director Irrbb

As an Associate Director, you will play a key second line of defense role in overseeing Interest Rate Risk in the Banking Book (IRRBB). You will be responsible for identifying, monitoring, and challenging key and emerging IRRBB risks, ensuring a robust governance framework, and supporting compliance with evolving regulatory expectations.
This role offers a meaningful opportunity to influence risk outcomes through independent oversight, analytical insight, and close collaboration with first line stakeholders, leveraging your expertise in banking, financial markets, and risk management.
Your role
Monitor, review, and independently validate IRRBB metrics, including earnings and economic value-based measures, limits, and early warning indicators
Identify key and emerging IRRBB risks, assess their potential impact, and ensure appropriate escalation and governance
Review, challenge, and interpret stress test scenarios and sensitivity analyses, and model outputs to support risk-based decision-making.
Work closely with first line ALM and Investment and Finance teams to provide effective challenge on methodologies, assumptions, data, and risk mitigation strategies
Contribute to the design, enhancement, and governance of stress testing frameworks and controls related to IRRBB and structural balance sheet risks
Prepare and present in-depth historical and forward-looking analyses to support discussions with senior stakeholders and decision‑making bodies.
Participate in the external disclosure and internal reporting processes, ensuring accuracy, consistency, and regulatory alignment
Your teamThe ALM, Investment and Pension Fund Risk Oversight team in the second line of defense provides independent oversight of the Bank’s balance sheet and market‑related risks, including:
Interest Rate Risk in the Banking Book (IRRBB), including regulatory metrics and stress testing
Oversight of Treasury and investment activities
The team plays a critical role in supporting senior management by delivering clear, timely, and risk‑based insights, while maintaining strong independence from the first line of defense.
Requirements
University degree in a quantitative or finance related discipline
Minimum 5 years of relevant experience in risk management, treasury, or ALM, with strong IRRBB expertise
Very good understanding of balance sheet risk management, IRRBB frameworks, stress testing, and regulatory expectations
Ability to analyze, interpret, and challenge risk metrics, stress test results, and model outputs
Experience with data analysis and programming (QRM, Python, SQL)
Demonstrated experience designing and developing dashboards to support risk monitoring, data analysis, and decision‑making
Strong analytical mindset, attention to detail, intellectual curiosity, and sound judgment
Ability to communicate risk insights clearly and engage constructively with first line and senior stakeholders
Minimum of 3 days per week in the office
Languages: French
Required skills: Artificial Intelligence, Diversity & Inclusion, Empathy, Initiative, Interest Rate Risk in Banking Book, Learning Agility, Stress Testing, Teamwork
Your benefits
Health and wellness program, including many options
Flexible group insurance
Generous pension plan
Employee Share Ownership Plan
Employee and family assistance program
Preferential banking services
Involvement in community initiatives
Telemedicine service
Virtual sleep clinic
We have an offer that keeps up with trends as well as your needs and those of your family.
Our dynamic work environments and cutting‑edge collaboration tools foster a positive employee experience. We value employees’ ideas. Whether through our surveys or programs, regular feedback and ongoing communication are encouraged.
Making a bold move in a people‑first environmentWe’re a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people. Our mission is to have a positive impact on people’s lives. Our core values of partnership, agility, and empowerment inspire us, and inclusion is central to our commitments. We aim, wherever possible, to provide a barrier‑free and accessible environment to all employees.
We strive to provide accessibility measures throughout the recruitment process within the limits of our available resources. If you require accommodations, feel free to let us know during our initial conversations. We welcome all candidates! What can you bring to our team?
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