Director Interest Rate Risk
Ville : Montreal
Catégorie : Permanent Full-Time
Industrie : Risk management
Employeur : National Bank
A career as a Director interest rate risk in the ALM and Investment Risk Oversight team at National Bank means acting as a strategic leader for the independent oversight of IRRBB. This role allows you to have a positive, enterprise-wide impact by leveraging your expertise in balance sheet risk management, IRRBB frameworks, stress testing, and regulatory governance.
This role has a strong enterprise wide impact, requiring deep expertise in balance sheet risk, sound judgment, and the ability to challenge senior first-line stakeholders while maintaining an effective risk partnership.
Your role
- You will lead and continuously enhance the IRRBB oversight framework, with responsibilities spanning risk identification, stress testing, governance, and senior level challenge:
- Own and lead the independent oversight of of IRRBB, including key risk identification, forward-looking analysis, and emerging risk assessment
- Define, review, and challenge risk metrics, limits, early warning indicators, and escalation thresholds in alignment with the Bank’s risk appetite and regulatory expectations
- Oversee and critically assess stress testing frameworks, scenarios, and assumptions to ensure material risk drivers, behavioral dynamics, and tail risks are appropriately captured
- Provide credible and independent challenge to first-line teams regarding methodologies, models, assumptions, hedging strategies, and balance sheet positioning
- Ensure strong governance of IRRBB measurement, stress testing, disclosure, and documentation processes, including regulatory interactions
- Clearly communicate risk exposures and analytical results to senior management, committees, and key stakeholders to support informed decision-making
Your team
The ALM and Investment 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• Structural FX risk• 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 7 years of relevant experience in risk management, treasury, or ALM, with strong IRRBB expertise
- Deep understanding of balance sheet risk management, IRRBB frameworks, stress testing, and regulatory expectations
- Proven ability to challenge complex risk methodologies and senior stakeholders with credibility and sound judgment
- Experience leveraging data, analytics, and models to support risk oversight and decision making (Python, SQL, or similar tools an asset)
- Demonstrated leadership and a proactive mindset in identifying and addressing risk issues
- Strong governance mindset, with attention to controls, documentation, and supervisory expectations
Minimum of 3 days per week in the office
Your benefits
In addition to competitive compensation, upon hiring you’ll be eligible for a wide range of flexible benefits to help promote your wellbeing and that of your family.
* 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
* Opportunities to get involved in community initiatives
* Telemedicine service
* Virtual sleep clinic
These are a few of the benefits available to you. 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 actively listen to employees’ ideas. Whether through our surveys or programs, regular feedback and ongoing communication is encouraged.
We're putting people first
We'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 peoples' lives. Our core values of partnership, agility, and empowerment inspire us, and inclusivity is central to our commitments. We offer a barrier-free workplace that is accessible to all employees.
We want our recruitment process to be fully accessible. If you require accommodation, feel free to let us know during your first conversations with us. We welcome all candidates! What can you bring to our team?
Come live your ambitions with us!