Senior Treasury Risk Manager

WHO WE ARE

HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio.
As the only bank solely dedicated to serving homeowners 55 and up, we're passionate about helping Canadian homeowners live retirement on their terms.
We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage product.

OUR VALUES, OUR PASSION

At HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other.

• Courage to Act.
  Do the Right Thing
• One Team.
  One Vision
• Think Long-Term.
  Ever-Evolving

POSITION SUMMARY

The senior Treasury Risk Manager works closely with our business partners as the second line of defense to manage the Bank's risk exposure within our stated Risk Appetite, while allowing the business to achieve its goals.
This role will manage the bank's treasury risk across multiple dimensions.

MAJOR ELEMENTS OF THE ROLE

Key accountabilities of this position include:

• Oversee and manage treasury risk encompassing interest rate, liquidity, funding, and capital risks.
• Provide rigorous second-line oversight of liquidity, funding, interest rate, and capital management, reporting and related policies and procedures.
• Challenge limit setting and tracking, MIS systems, models and assumptions used in the above risk areas and recommend alternative metrics, reports or model monitoring.
• Review interest rate risk hedging program and assess hedge effectiveness and business impact.
• Monitor regulatory compliance for the above risk areas, performing gap analyses to regulatory guidelines, interpreting regulatory changes, and contributing to responses to regulatory inquiries.
• Track regulatory findings, action plans and remediation, with challenge provided at each stage.
• Collaborate with business partners in Treasury and Finance and other internal stakeholders to strategically influence risk-based decisions and support the achievement of the Bank's goals.
• Develop new metrics and views as needed, to challenge existing approaches.
• Leverage existing MIS systems and Google Cloud Platform's Python environment to drive innovation and automation.

SKILLS AND EXPERIENCE REQUIRED

Qualifications

• A minimum of 7+ years of relevant experience in treasury risk management, with commensurate industry knowledge.
• CFA certification is required.
• Master's degree in Finance, Maths or Engineering is preferred.
• Proficiency in Python and statistical/numerical software for quantitative risk modeling and data analysis.
• Experience in stress testing, scenario analysis methodologies, and quantitative risk modeling, including the calculation of regulatory and economic capital.
• Deep understanding of liquidity and funding risk management frameworks, interest rate risk, and capital risk oversight.
• Strong analytical, problem-solving, and data interpretation skills to evaluate risk exposures and provide actionable insights.
• Proven ability to communicate complex risk concepts to senior management, internal stakeholders, and external regulators.
• Thorough knowledge of regulatory requirements and best practices in risk management, with a demonstrated track record of ensuring compliance and implementing industry standards.

WHY WORK AT HOMEEQUITY BANK?

HomeEquity Bank offers a hybrid working environment supported with a culture of flexibility - an approach that is unique to each person, and that enables both business and individual needs to be met in a mutually beneficial way.

We pride ourselves in recognizing and celebrating performance, community service, teamwork, and diversity among our employees.

A Dynamic Culture - With People at the Centre

We believe our people make all the difference; our tireless commitment to inclusivity, professional development, and employee experience has been recognized through awards including Greater Toronto's Top Employers 2024, Waterstone Canada's Most Admired Corporate Cultures 2022-2023, the Globe and Mail's Report on Business:
Canada's Top Growing Companies 2022 (third year since 2019), Canadian's Mortgage Professional (CMP) Top Mortgage Employer 2023 for the third year in a row and Achievers Top 50 Most Engaged Workplaces 2023.

Growth and Opportunities

We provide challenging and rewarding careers in a wide variety of fields.
We continuously develop and train our employees through professional growth opportunities and on-the-job training.
We also encourage our employees to develop professionally and personally through a series of career developing programs including our Educational Assistance Program, designed to reimburse costs related to professional learning and development.

Celebrating Great Work and People

We believe in an environment that celebrates success, knowledge, leadership, and work that is inspired by our core values.
For these reasons, we have created several programs that make it easy for our employees to say 'great job' to their colleagues and leaders.

From our Appreciate! Program to the High Five Award Program and President's Award Program, we recognize professional achievement with a variety of rewards including points towards gift cards, merchandise, and travel experiences, as well as group RRSP/DPSP contributions and more.

Our Community Leadership Program recognizes employees who make a positive impact in their communities through volunteer work with a grant for their charity of choice.
Additionally, we provide employees with one paid day off each year to volunteer at their favourite local charity.

The Perks

HomeEquity Bank offers a competitive total rewards package that includes:

• Extended health and dental benefits
• Employee & Family Assistance Program
• Employer-Matched Group Retirement Savings Plan
• Employee Share Investment Plan
• Well-being initiatives including:
  a wellness account; virtual self-care programs and extended mental health benefits
• Employee corporate discount for GoodLife Fitness

HomeEquity Bank is committed to an inclusive, equitable and accessible workplace.
Accommodations are available on request for candidates taking part in all aspects of the selection process.
To request accommodation, please contact your recruiter.

Please note that our successful candidate is required to complete a background check.

Join Us! If you're ready to build the future of reverse mortgages, we want to hear from you.

• 200 Bay St., Toronto, ON M5J 2J1, Canada