Associate Director Interest Rate Risk

A career an Associate Director, you will play a key second line of defense role in overseeing Interest Rate Risk in the Banking Book (IRRBB). You will be responsible for identifying, monitoring, and challenging key and emerging IRRBB risks, ensuring a robust governance framework, and supporting compliance with evolving regulatory expectations. This role offers a meaningful opportunity to influence risk outcomes through independent oversight, analytical insight, and close collaboration with first line stakeholders, leveraging your expertise in banking, financial markets, and risk management.
Your role

• Monitor, review, and independently validate IRRBB metrics, including earnings and economic value based measures, limits, and early warning indicators
• Identify key and emerging IRRBB risks, assess their potential impact, and ensure appropriate escalation and governance
• Review, challenge, and interpret stress test scenarios and sensitivity analyses, and model outputs to support risk-based decision-making.
• Work closely with first line ALM and Investment and Finance teams to provide effective challenge on methodologies, assumptions, data, and risk mitigation strategies
• Contribute to the design, enhancement, and governance of stress testing frameworks and controls related to IRRBB and structural balance sheet risks
• Prepare and present in-depth historical and forward-looking analyses to support discussions with senior stakeholders and decision-making bodies.
• Participate in the external disclosure and internal reporting processes, ensuring accuracy, consistency, and regulatory alignment

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 5 years of relevant experience in risk management, treasury, or ALM, with strong IRRBB expertise
• Very good understanding of balance sheet risk management, IRRBB frameworks, stress testing, and regulatory expectations
• Ability to analyze, interpret, and challenge risk metrics, stress test results, and model outputs
• Experience with data analysis and programming (Python, SQL, VBA, or similar)
• Strong analytical mindset, attention to detail, intellectual curiosity, and sound judgment
• Ability to communicate risk insights clearly and engage constructively with first line and senior stakeholders

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 such as:
* 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 * Involvement in community initiatives * Telemedicine service * Virtual sleep clinic
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 value employees’ ideas. Whether through our surveys or programs, regular feedback and ongoing communication are encouraged.
Making a bold move in a people-first environment 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 people’s lives. Our core values of partnership, agility, and empowerment inspire us, and inclusion is central to our commitments. We aim, wherever possible, to provide a barrier-free and accessible environment to all employees.
We strive to provide accessibility measures throughout the recruitment process within the limits of our available resources. If you require accommodations, feel free to let us know during our initial conversations. We welcome all candidates! What can you bring to our team?
Join us!