Senior Manager, Treasury Risk (Permanent)

CoreFactor is searching for a Senior Manager, Treasury Risk on a permanent/full-time basis for one of its client in the GTA.
Purpose
This role is primarily focused on overseeing the liquidity and interest rate risk in the Banking book across South America, Central America and The Caribbean, ensuring risks are understood, controlled, and reported in accordance with the Bank’s policies and risk appetite framework. This role is the main point of contact for key cross-functional initiatives, such as the regional implementation and ongoing support for Structural Interest Rate Risk (SIRR) models, the Interest Rate Risk in the Banking Book (IRRBB) regulatory initiative, and TFRM’s department-wide risk data standardization initiative. The Senior Manager manages a team and has regular exposure to Senior Management across different areas and jurisdictions to discuss and provide recommendations on all initiatives.
General Accountabilities

• Market Intelligence/Proactive Analysis: Maintain regular dialogue with business lines and control functions with respect to financial market developments and risk matters, including changes in risk profile and P&L drivers.
• Business relationship: Develop effective relationships with business lines that foster awareness of the Bank’s risk framework and sharing of information.
• SIRR Models / Risk Data Infrastructure: Oversee the implementation and ongoing support of SIRR models and risk data process and reporting infrastructure by liaising with multiple stakeholders at the Parent Bank and across the region. Lead working groups by providing recommendations and course of action.
• Communication: Distilling daily risk/market information into highlights, ensuring material issues are communicated to stakeholders.

Specific/Key Accountabilities

• Identify and assess market risks in the covered businesses and ensure consistency with the Bank’s risk appetite and approved business mandate.
• Support International Subsidiaries in the development of their risk management framework in line with the Bank’s standards for balance sheet management (e.g., Static Interest Rate Gaps, Annual Income, Economic Value, Interest Rate Sensitivity (DV01), Stress Testing, etc.) and Liquidity risk management (e.g., Liquidity Cash Gap, Liquidity Buffer, Liquidity Stress Test, etc.).
• Lead the implementation of SIRR models across the region in partnership with MRM - ALM Risk Modeling, IB Treasury, and local Market Risk teams.. The focus is primarily on models for mortgage prepayment and non-maturity deposits, ensuring historical data is sourced, tested, and readily available for production and monthly back testing. Coordinate discussions with local Treasury Teams about back testing results, their accuracy, and implementation in production.
• Foster an inclusive work environment and build a high-performance environment that promotes the development and motivation of their team.
• Liaise with Group Treasury, IB Treasury, Global Risk Technology, and local Treasury, Technology, and Risk teams to source, test and put in production data requirements for the IRRBB regulatory initiative. Support Head Office’s monthly IRRBB reconciliation process by providing recommendations and facilitating communications between all key stakeholders.
• Lead the enhancement of TFRM’s risk data infrastructure in collaboration with TFRM product owners by business line and GBM’s Global Risk Technology Team. Ensure processes and reporting infrastructure is properly documented (i.e., data lineage, data dictionary) and allows for multiple risk views (e.g., TOH, business line, asset class, etc.).
• Monitor events in international financial markets/industry, assist in identifying new and emerging trends, track and summarize new regulatory initiatives and changes, etc.
• Collaborate with other groups across the Bank to deliver consistent application of the Bank’s standards or best industry practices across International Balance Sheets. Be a team player who is willing to take on more responsibilities as part of his growth in the role and/or team.
• Effective supervision and review of direct report(s) to support achievement of business objectives.

Requirements

• Given the high volume of activity, the Senior Manager must be able to prioritize ongoing initiatives and efficiently multi-task to meet objectives.
• Understanding of Financial Markets, risk analysis and valuation of complex derivatives products (e.g., nonlinear risk), with particular focus on fixed income and derivatives, such as swaps, cross-currency swaps, forwards, and options.
• CFA and/or FRM certifications are an asset
• 2-4 years’ experience in Treasury/ALM risk roles with emphasis in data-related regulatory initiatives involving multiple jurisdictions and functional teams across an organization; 2-4 year team management experience is required.
• Knowledge of market risk management processes and metrics.
• Knowledge of Spanish is a strong asset (not mandatory)
• Quantitative Undergraduate (e.g., Finance, Mathematics, Statistics, Engineering, etc.) with a Master’s Degree (e.g., MBA, MF, etc.)
• Strong communication skills are critical as there is close interaction with multiple stakeholders as part of various cross-functional initiatives.