Associate Director Interest Rate Risk
Description
This role is a second line of defense position overseeing Interest Rate Risk in the Banking Book (IRRBB). Responsibilities include identifying, monitoring, and challenging key IRRBB risks, ensuring a robust governance framework, and supporting compliance with regulatory expectations. The team provides independent oversight of the Bank's balance sheet and market-related risks, specifically IRRBB and structural FX risk, offering insights to senior management.
What We're Looking For
Monitor, review, and independently validate IRRBB metrics (earnings and economic value based measures, limits, 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, 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 external disclosure and internal reporting processes, ensuring accuracy, consistency, and regulatory alignment.,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.
Ideal Candidate
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.
Minimum Education
University degree in a quantitative or finance related discipline
Hard Skills
Soft Skills
Benefits
Special Commitments
Minimum of 3 days per week in the office
Also Available At
About the Company
National Bank of Canada
National Bank of Canada is one of the six systemically important banks in Canada, providing a comprehensive range of financial services to individuals, businesses, and institutional clients. Headquartered in Montreal, it is the leading financial institution in Quebec and holds strong positions across the country and internationally. The bank is committed to a people-first approach, fostering an entrepreneurial culture and sustainable growth for its communities.
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