Director, BSM and SFX Oversight

Application Deadline:

10/20/2024

Address:

100 King Street West

Job Family Group:

Audit, Risk & Compliance

Structural market risk encompasses interest rate risk in the banking book and structural FX (SFX) risk. The primary focus of this role is to provide second line effectiveness challenge on Balance Sheet Management (BSM) activities, and structural FX exposures and strategies. In addition to the BSM coverage on hedging, tactical, and investment transactions, this is a critical role to ensure that second line provides sufficient oversight on capital FX risk and non-trading FX risk. Specifically, the following responsibilities will be carried out by the role.

• Establishes and maintains frameworks, processes and controls to oversee BSM and SFX activities.
• Performs independent review of BSM and SFX activities, including review of exposures, strategies, transactions, and assumptions.
• Collaborates with Corporate Treasury stakeholders (i.e. Capital Management Group, SMR, BSM teams) to set risk tolerance/limits against SFX risk and BSM positions.
• Identifies emerging risks and engages first line to assess potential impact.
• Supports non-trading FX reporting enhancements.
• Collaborates with financial performance oversight team on P&L analysis.
• Provides strategic input into business decisions as a trusted advisor.
• Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
• Acts as a subject matter expert on relevant regulations and policies.
• May network with industry contacts to gain competitive insights and best practices.
• Interprets new regulations and assesses impacts to the governance framework.
• Develops reports on the status of the governance program or framework components to various internal & external stakeholder audiences.
• Influences and negotiates to achieve business objectives.
• Identifies emerging issues and trends to inform decision-making.
• Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.
• Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.
• Measures the effectiveness of risk governance system and framework; recommends changes as required.
• Conducts independent analysis and assessment to resolve strategic issues.
• Leads the development and maintenance of the governance system and framework.
• Acts as the prime subject matter expert for internal/external stakeholders.
• Ensures alignment between stakeholders.
• Represents the risk program / governance structure during internal/external regulatory audits and/or examinations.
• Designs and produces regular and ad-hoc reports, and dashboards.
• Develops and manages comprehensive information management systems; designs and/or leads initiatives to improve processes, analysis and reporting.
• Leads the development of the communication strategy focusing on positively influencing or changing behaviour.
• Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
• Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
• Manages the review and sign-off process for relevant regulatory reporting.
• Leads and integrates the monitoring, measurement & reporting on the status of the market risk governance program to internal & external stakeholders.
• Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines.
• May provide specialized support for other internal and external regulatory requirements.
• Provides input into the planning and implementation of ongoing operational programs in support of the market risk framework.
• Leads/participates in the design, implementation and management of core business/group processes.
• Supports the market risk monitoring and control program activities in adherence to all policies, procedures and established processes.
• Reviews new business initiatives and monitors existing initiatives to identify potential risk situations/ impacts; makes recommendations or escalates to the manager, as per guidelines.
• Monitors the financial market environment and market risk model performance impacts for optimal execution of risk strategies.
• Independently administers and evaluates models, model assumptions, and key metrics used for the measurement of market risk for