Senior Director, Asset and Liability Management (ALM)

The Core Responsibilities!

• Design and oversee execution of interest rate risk management strategies, analyzing exposures and implementing mitigation measures, including the use of hedging instruments.
• Develop and optimize the bank’s treasury investment strategies, ensuring alignment with risk appetite and maximizing returns within regulatory guidelines.
• Lead the development, implementation, and management of sophisticated ALM models to assess market risk on the balance sheet..
• Perform scenario analysis and stress testing to evaluate the impact of interest rate movements and market conditions on the bank’s financial position, including support for the bank’s stress testing programs (EWST, MST) and capital evaluation process (ICAAP).
• Ensure adherence to regulatory requirements, such as OSFI’s Market Risk Management Guideline.
• Collaborate with Treasury, Risk, Finance, and other internal teams to align ALM strategies with organizational objectives and market opportunities.
• Maintain robust documentation of ALM policies, procedures, and processes. Support Treasury Risk and Capital Oversight team to ensure effectiveness of the 2nd line oversight function.
• Manage the Bank’s interest rate and foreign exchange exposures by managing suitable hedging strategies with consideration for the Bank’s target exposure and any hedge accounting implications.
• Recommend actions on the Bank’s liquidity portfolio. Report on portfolio performance and investment strategy to Senior Management.
• Provide actionable insights and recommendations to senior leadership on interest rate risk, investment portfolio performance, and balance sheet management.
• Stay informed about market trends, regulatory changes, and emerging risks, adjusting strategies proactively to maintain resilience and compliance.
• Liaise with OSFI and other industry representatives as appropriate to evaluate regulatory guidance, staying abreast of potential impacts to Equitable’s market risk management.
• Oversee the preparation and delivery of detailed ALM reports, dashboards, and presentations to senior management and relevant committees.
• Drive continuous improvement initiatives, integrating advanced tools and technologies to enhance the efficiency and accuracy of ALM operations.

Let's Talk About You!

• Bachelor’s degree in Finance, Economics, Mathematics, or a related field. An advanced degree (e.g., MBA) or professional designation such as CFA or FRM is highly preferred.
• A minimum of 15 years of progressive experience in ALM within a Bank treasury, or risk management function, including experience in managing and mentoring a team of quantitative analysts to develop and enhance ALM models and risk frameworks.
• Strong knowledge of financial instruments, risk management techniques, capital markets, and regulatory frameworks such as OSFI’s B-12 Interest Rate Risk Management Guideline.
• Deep understanding of interest rate risk management, treasury investment strategies, and ALM modeling techniques.
• Strong understanding of hedge accounting in the context of bank treasury risk management.
• Strong proficiency in financial modeling, scenario analysis, and regulatory compliance related to liquidity and interest rate risk.
• Proven ability to analyze complex financial data and develop actionable strategies.
• Demonstrated leadership capabilities with a focus on innovation and driving operational excellence.
• A high level of maturity, with strong communication skills and the ability to interact confidently with internal and external stakeholders and decision makers.

#LinkedInFT #LIfulltimeWhat 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 and personal days Virtual events to connect with your fellow colleagues Professional development and 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 EQ Bank’s additional office space located at 2200-25 Ontario Street, Toronto, ON.

Equity, Diversity & Inclusion

EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported. We believe our organization is stronger — and our people thrive — when we honour and celebrate diverse experiences, identities, and perspectives. We’re equally committed to supporting your growth, both professionally and personally.

We provide a barrier‑free recruitment process and work environment. If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond.

As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application, an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.


EQB Inc. (TSX: EQB) is the parent company of Equitable Bank, the country's seventh-largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration.

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