Manager, Stress Testing, 12-Month Contract

Join a Challenger

Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.

We are a big (and growing!) family. Overall we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021. 

The Work

We are looking for a self-starter, someone results-driven and able to make sound decisions to drive unique solutions pertaining to Capital and Reporting.

In this role, the incumbent will assume responsibility for supporting the co-ordination, development, and execution of stress testing programs, including Enterprise-Wide Stress Testing (EWST), OSFI Macro Stress Testing (MST), Internal Capital Adequacy Assessment Process (ICAAP) stress testing. This role will support the stress testing initiatives including the technical execution of the credit risk stress testing component including data, application, and results. Collaborating closely with the Director, the Manager will support the formulation of roadmaps and implementation plans while providing thought analytics to the team.

Stress Testing Development and Business as Usual (BAU)

• Support the design, development, and maintenance of the credit risk stress tests
• Work closely with the application developer to ensure business requirements are updated to support changes to the underlying stress testing application
• Strong technical skills in Python, SQL, Excel to support stress testing drill down analysis, building ad-hoc stress tests, and building new analytics, reporting.
• Support stressed scenario development with analysis and trends of macro-economic variables and determine severity of stress scenarios applied.
• Support the quarterly BAU stress testing reporting and analysis including answering enquiries from senior management.
• Complete monthly/quarterly business-as-usual stress test reporting and meet required timelines for board reporting (e.g., management reports, Board reports)
• Work with data providers (e.g., Enterprise Data Management, Finance, etc.) to ensure all necessary data inputs are obtained for the stress testing reports, and work with senior management to integrate feedback and inform progress
• Continuously think of optimization strategies to enhance and automate current stress testing reports and processes

Project-Level Analytics and Reporting

• Assist in the development and implementation of new reporting and risk management capabilities under the Advanced Internal Ratings Based (AIRB) approach. This includes:
• AIRB Stress Test reporting
• Internal Capital Adequacy Assessment Process (ICAAP) reporting
• Supporting the Bank’s Enterprise-wide Stress and MST initiatives
• Working with various stakeholders including senior executives, risk managers, the businesses, auditors, and information technology to design/develop analytical stress testing reports. Communication with various parties to obtain feedback and decision making, and ensure stakeholders are informed
• Conducting thorough testing of reports including data outputs, calculations and transformations prior to report implementation
• Ensuring proper requirements, procedures and process documentations are drafted and maintained for audit/validation purposes
• Utilizing reporting BI tools (e.g., Microsoft Power BI) to support report automation and efficiency
• Utilizing programming languages (e.g., Microsoft SQL, Python) to complete quick turnaround and accurate analytics
• Supporting ad hoc analytics, research or reporting where required

Let’s Talk About You!

• Post-secondary education in Economics, Accounting, Finance, Mathematics; CFA, FRM, and SCR preferred.
• Minimum 3+ years of experience in Stress Testing, Portfolio Analytics, Enterprise Risk Management, Finance, Economic Research.
• Solid understanding of AIRB, ICAAP, EWST, MST, Climate Risk, IFRS 9, Financial Statements, and Retail and Commercial businesses.
• Strong knowledge in Stress Testing, Economics, Credit Risk, Finance, and Liquidity.
• Strong organization, time management and multi-tasking skills; Ability to work at a fast pace and manage multiple deadlines at one time.
• Fluent in SQL (MS SQL and Azure SQL), excel, and PowerBI and familiarity in Python for data wrangling and analysis.
• Excellent oral and written communication skills as well as excellent presentation skills with ability to conduct presentations comfortably to senior staff.
• Ability to identify and provide viable options and recommendations to support effective decisioning.
• High attention to detail, hands-on, detail-oriented reporting, and ability to influence senior management.
• Ability to effectively manage a team and mentor junior team members; lead by example and align each team members’ focus into a single cohesive vision.
•  Utilized reporting BI tools (e.g., Microsoft Power BI) to support report automation and efficiency
•  Utilized programming languages (e.g., Microsoft SQL, Python) to complete quick turnaround and accurate analytics
•  Support ad hoc analytics, research or reporting where required

#LI-Hybrid

What we offer [For full-time permanent roles]

💰 Competitive discretionary bonus 

✨ Market leading RRSP match program

🩺 Medical, dental, vision, life, and disability benefits

📝 Employee Share Purchase Plan

👶🏽 Maternity/Parental top-up while you care for your little one

🏝 Generous vacation policy, personal days and even a moving day 

🖥 Virtual events to connect with your fellow colleagues

🎓 Annual professional development allowance and a comprehensive Career Development program

💛 A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well. 

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We can’t wait to get to know you!