Consultant, Treasury Investment Risk

Vancity • Vancouver, BC

2d • Hybrid

About The Position

As the Consultant, Treasury Investment Risk, you will provide independent second-line oversight of risks arising from Vancity’s Treasury investment activities. You will play a critical role in assessing and challenging investment risks, including spread, funding, residual hedging, correlation, and tail risks—to ensure they remain within approved risk appetite. Through rigorous analysis and independent challenge, you will help strengthen balance-sheet resilience and support informed decision-making 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 Full-time, 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 on-site for events and business demands.

Requirements

• Master’s degree in finance, Economics, Mathematics, or a related quantitative discipline
• 7–10 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, stress-testing frameworks, and scenario analysis.
• Advanced knowledge of fixed-income 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 balance-sheet resilience under normal and stressed conditions
• Strong judgment and credibility to independently assess, challenge, escalate, and recommend actions on complex risk issues with material balance-sheet impact

Nice To Haves

• CFA, FRM, or equivalent professional designation preferred
• Experience operating within a second-line 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, governance-ready insights for senior audiences

Responsibilities

• 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 Value-at-Risk (VaR), stress testing, and scenario analysis, to support independent Treasury risk oversight and senior-level decision-making
• Monitoring daily market risk exposures, limit utilization, and Treasury trade activity using Bloomberg AIM, identifying emerging risks, concentrations, limit breaches, and pre- and post-trade 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 balance-sheet resilience
• Producing quantitative risk analysis, dashboards, and governance materials to support Director-led ALCO reporting, escalation, and challenge

Benefits

• Competitive rewards and benefits
• Flexible benefit packages that can be tailored annually
• 3-4 weeks of vacation per year, with additional days earned over time
• 2 extra stat holidays, 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

What This Job Offers

• Job Type: Full-time
• Career Level: Senior