Consultant, Treasury Investment Risk at Vancity Sub Owners Ltd

Vancouver, British Columbia, Canada -

Full Time

Start Date

Immediate

Expiry Date

05 Aug, 26

Salary

113700.0

Posted On

07 May, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Treasury Investment Risk, Market Risk Modeling, Value-at-Risk (VaR), Stress Testing, Scenario Analysis, Bloomberg AIM, Fixed-Income Instruments, Derivatives, Hedging Strategies, Secured Wholesale Funding, ALCO Governance, Portfolio Valuation, Capital Adequacy, Risk Appetite Frameworks, Quantitative Analysis, Compliance Oversight

Industry

Financial Services

Description

Our Story & Purpose: We’re Vancity, a member-owned credit union built on the principles of inclusion and social justice. Since 1946, our relentless commitment to these values has helped us challenge the status quo and break down barriers. We’ve made bold commitments to become net-zero by 2040 across all mortgages and loans, and we’re actively pursuing strategies in Indigenous banking and financial resilience for our members. As the largest private sector Living Wage Employer in Canada, we’re proud to be consistently recognized as one of the country’s Top Employers. If you’re ready to join our team of 2,300 diverse individuals, access competitive rewards and benefits, and be part of a greater movement - apply today! Your Role in Supporting Our Members: As a 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. How You'll Make an Impact: * 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 What You’ll Bring to the Team: * 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 * CFA, FRM, or equivalent professional designation preferred * Strong judgment and credibility to independently assess, challenge, escalate, and recommend actions on complex risk issues with material balance‑sheet impact Extra Skills That Set You Apart: * 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 You’ll Thrive Here If You Are: * Technically strong – comfortable designing risk methodologies, understanding their limitations, and defending assumptions in governance forums. * Independent and confident – able to provide constructive challenge on trading activity, limits, models, and assumptions while maintaining trusted relationships. * Strategic in mindset – able to connect granular risk analysis to broader Treasury strategy, risk appetite, and capital outcomes. * Clear and influential – skilled at explaining complex investment risks in a way that supports ALCO decisions and senior management accountability. We value lived experience, so if you are interested in this role, we encourage you to apply even if you feel your skills don't perfectly align with those listed. What You’ll Earn: This role offers a salary range of $96,600 to $113,700 per annum. The base pay offered may vary depending on factors such as relevant qualifications, skills, previous experience, and internal equity. As part of our total rewards package, employees may also be eligible for our annual incentive program, subject to program eligibility requirements. Why You’ll Love Working Here: A career at Vancity is more than just a job, you’re joining a tradition of change-makers who are creating lasting change for our communities. Beyond base pay, we offer a comprehensive total rewards package to ensure our employees are empowered to thrive: * Living Wage Employer: We’re the largest private-sector Living Wage Employer in Canada and consistently ranked among Canada’s Top Employers. * Customizable Benefits: Permanent employees receive flexible benefit packages that can be tailored annually to meet evolving needs. * Generous Vacation: New employees start with 3-4 weeks of vacation per year, with additional days earned over time. * Extra Stat Holidays: In addition to BC’s 11 statutory holidays, we offer 2 extra days, 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: Our retirement plan provides a guaranteed income for life, recognizing that retirement looks different for everyone. Vancity Talent Programs: Vancity supports an inclusive hiring process for candidates who self-identify as Indigenous, Black, or Trans. With special permission from the BC Human Rights Commissioner, this initiative provides access to career development opportunities, prioritized job screening, and feedback. Any information you choose to share will be stored securely and used only for recruitment and career development connected to this initiative, in line with the BC Personal Information Protection Act (PIPA). For details, please see our dedicated Talent Programs job posting. At Vancity we’re committed to creating a welcoming and inclusive workplace to help our people and communities thrive and prosper. Diversity in our workforce is integral so that we can truly represent, understand and respond to our community needs and deliver on our member experience. We are also committed to an inclusive, barrier-free and accessible recruitment experience for all candidates. If you require any accommodations or support at any stage of the recruitment process (including the application stage), we encourage you to let us know by contacting our Talent Acquisition team at recruitment@vancity.com. We’re here to work with you to ensure your needs are met promptly and effectively. All requests will be handled with the utmost respect and confidentiality, so you can participate fully in the process.

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Responsibilities

Provide independent second-line oversight of Treasury investment risks, including spread, funding, and liquidity risks. Develop and enhance quantitative market risk models and reporting to support senior management and ALCO decision-making.