Director, Banking Book Financial Risk Management Oversight

ATB • Edmonton, AB

2d • CA$140,000 - CA$160,000 • Hybrid

About The Position

ATB is seeking a Director, Banking Book Financial Risk Management Oversight to lead the strategic development and rigorous oversight of our banking book financial risk management (FRM) frameworks. This pivotal leadership role will transform our risk oversight from a compliance-focused approach to one that provides valuable analytical insights, fortifying ATB's financial resilience and supporting sustainable growth.

Requirements

• A University degree in Finance, Economics, Mathematics, Financial Engineering, or a highly quantitative discipline.
• 8+ years of progressive experience working within financial institutions in a 2nd line financial risk management or Treasury/ALM role focused on banking book risk.
• Advanced knowledge and hands-on experience in IRRBB, CSRBB, and Liquidity risk frameworks.
• Mastered expertise in banking book financial risk management, balance sheet dynamics, structural interest rate risk, and liquidity frameworks.
• Deep technical understanding of risk measurement methodologies including NII Sensitivity, EVE Sensitivity, Duration, LCR, NSFR, and behavioural modeling (e.g., non-maturity deposits, prepayment models).
• Strong familiarity with core banking systems, risk engines, and financial data analytics platforms.
• Quantitative data proficiency utilizing tools such as Python, SQL, Excel/VBA, Bloomberg BQL, and Google BigQuery (DEEP data architecture).
• Proven people leader capable of recruiting, mentoring, and leading high-performing risk professionals, cultivating technical excellence and analytical rigor.
• Elite stakeholder management and communication skills, with a demonstrated ability to deliver credible, robust challenge to Treasury and executive leadership.
• Strong collaborative mindset to build effective cross-functional partnerships across Technology (CXT), PG&C, Audit, and Compliance.

Nice To Haves

• Professional certifications such as FRM, CFA, or PRMIA are an asset.

Responsibilities

• Provide strategic direction, leadership, and operational success over the Banking Book Financial Risk Oversight function.
• Lead the transformation of the team from a compliance-focused function to a value-add provider of deep analytical insights, building out the team, frameworks, and capabilities to deliver robust independent oversight.
• Act as a senior expert advisor across the second line of defense (2LoD), managing and mentoring a dedicated risk team while ensuring the integrity of risk measurement methodologies, models, and assumptions.
• Lead the design, execution, and continuous enhancement of advanced financial risk management frameworks for the banking book, including methodologies for Interest Rate Risk in the Banking Book (IRRBB), Credit Spread Risk in the Banking Book (CSRBB), and liquidity risk.
• Own, maintain, and spearhead the periodic review, analysis, and calibration of IRRBB, and Liquidity risk limits, ensuring alignment with risk appetite and business strategy.
• Maintain and develop all policies, procedures, and frameworks related to banking book financial risk, partnering with Policy, Governance, & Controls (PG&C) and Financial Risk Management (FRM).
• Act as a primary 2LoD challenge function for Treasury's risk management strategies, models, and underlying assumptions.
• Support regulatory examinations, review responses, and coordinate adaptation to regulatory changes in partnership with Audit and Compliance.
• Play a critical role in shaping the firm's risk culture and providing agile strategic advisory for new business lines and products.
• Deliver critical challenge and rigorous oversight of all banking book financial risk exposures, ensuring robust daily monitoring and strict adherence to established limits and policies.
• Oversee independent reporting and granular variance analysis of key risk metrics, including Net Interest Income (NII) Sensitivity, Duration, Economic Value of Equity (EVE) Sensitivity, Liquidity Coverage Ratio (LCR), and Net Stable Funding Ratio (NSFR).
• Conduct in-depth oversight of underlying balance sheet risk drivers, assumptions, and data quality to ensure high integrity in daily reporting.
• Direct real-time limit excess management, variance investigations, and breach escalation protocols across lines of defense.
• Drive the continuous enhancement of balance sheet risk reporting and analytics to transition the function into a mature, proactive risk vertical.
• Lead the 2LoD review and challenge of all IRRBB and Liquidity risk models, including complex behavioural models and assumptions.
• Formalize and document the 2LoD model challenge process and oversee model backtesting processes to ensure structural soundness and accuracy.

Benefits

• High-care, high-performance culture
• Impact in action: Empowered to make an impact in the lives of clients and communities.
• Thrive together: Safe and celebrated work environment, continuous journey to build flexible and inclusive programs.
• Ready for tomorrow: Enable success through interesting and challenging work, performance enablement, and learning and development.

What This Job Offers

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