Overview
Vice-President, Liquidity Risk and Asset Liability Jobs in Toronto, Canada at Fairstone Bank
Who We Are:
Who We Are:
Fairstone Bank and its family of brands (“Fairstone” or the “Company”) are united in delivering innovative, accessible and reliable financial solutions that enable Canadians to reach their goals. Over the years, our brand family has grown. In 2024, Home Trust Company, Home Bank and Oaken Financial became part of the Fairstone Bank family of brands, alongside Fairstone, Eden Park and Fig.
Together, we are the leading alternative lending bank in Canada. We have the collective experience and expertise to better serve our customers and foster our partners’ growth. With a diverse suite of products—residential and commercial mortgages, consumer deposits and GICs, credit cards, retail and automobile financing, personal loans and digital lending—we offer financial solutions tailored to all Canadians, including newcomers, small-business owners, smart investors and savvy consumers.
Backed by nearly a century of lending experience through its legacy companies, Fairstone Bank and its brand family are proud to be Canada’s leading alternative lending bank.
Home Trust Company has developed a track record of success as Canada’s leading alternative lender, employing nearly 800 people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of its core residential mortgage lending business, the Company also offers complementary lending services, as well as highly competitive deposit investment products, through Oaken Financial. Our culture has been shaped by the passion and integrity of our people.
Join Fairstone as a Vice-President, Liquidity Risk and Asset Liability, reporting to SVP & Treasurer, and be part of our talented and growing team!
About The Role:
The Vice-President, Liquidity Risk and Asset Liability Management is responsible for leading liquidity risk management, interest rate risk management, funds transfer pricing and CMHC securitization activities. This includes asset/liability management activities, including interest rate hedging (via the use of derivative products). This role is also responsible for the oversight of funding management, including broker deposit funding. This role ensures compliance with legislative/regulatory requirements applicable to Treasury, developing and documenting appropriate compliance controls, and maintaining knowledge of the compliance requirements of the business unit.
This role is entrusted with coordinating many overall Treasury activities independently and diligently with the guidance from the Treasurer. The Vice-President, Liquidity Risk and Asset Liability Management is strategically important within the business unit to take a lead role in various projects and in developing analytical tools to enhance overall profitability. The role often acts as a communication channel for other departments to understand the technical aspect of Treasury.
This role partners with the Treasurer in executing and implementing various strategies effectively and efficiently. This role will be responsible for ensuring all Treasury activities are executed on time and in compliance with regulatory and internal policy requirements.
What We’re Looking For:
Liquidity Risk Management
Lead, manage and provide day-to-day oversight on the Bank’s liquidity position
Partner with the Treasurer and senior management in drafting policies for managing liquidity risk
Lead as a SME and provide guidance in developing structure and models to track the daily liquidity position
Monitor liquidity position and suggest ways to enhance liquidity portfolio returns; partner with Treasurer to execute on recommendations
Lead the initiative for regular Scenario and Stress testing analysis to ensure the Bank has adequate liquidity to fund its strategic business goals
Lead the Contingency Funding Plan process and ensure timely execution of test plan to be submitted to board & senior management team
Lead regular back testing of internal liquidity models and associated assumptions, and partner with ERM team to implement any changes
Interest Rate Risk Management
Lead the measurement of Bank-wide interest rate risk, including Economic Value-at-Risk,…
Title: Vice-President, Liquidity Risk and Asset Liability
Company: Fairstone Bank
Location: Toronto, Canada
Category:
