Who We AreFairstone Bank and its family of brands (“Fairstone” or the “Company”) are united in delivering creative, 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 RoleThe 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.Liquidity Risk ManagementLead, manage and provide day‑to‑day oversight on the Bank’s liquidity positionPartner with the Treasurer and senior management in drafting policies for managing liquidity riskLead as a SME and provide guidance in developing structure and models to track the daily liquidity positionMonitor liquidity position and suggest ways to enhance liquidity portfolio returns; partner with Treasurer to execute on recommendationsLead the initiative for regular scenario and stress testing analysis to ensure the Bank has adequate liquidity to fund its strategic business goalsLead the contingency funding plan process and ensure timely execution of test plan to be submitted to board & senior management teamLead regular back testing of internal liquidity models and associated assumptions, and partner with ERM team to implement any changesInterest Rate Risk ManagementLead the measurement of Bank‑wide interest rate risk,



including Economic Value‑at‑Risk, Earnings‑at‑Risk, key rate duration, basis risk, convexity, etcWith guidance from the Treasurer, hedge interest rate risk through the execution of bond forwards or interest rate swapsLead the development of internal models and analytics to better manage structural interest rate riskAnalyze the swap curve and recommend the term structure to raise GICs that would provide the cheapest funding over the swap curvePartner with Finance hedge accounting group to ensure all derivatives are recorded appropriately and proper hedge accounting treatment is appliedAnalyze and verify margin calls for existing derivative productsSecuritization ActivitiesLead and strategically evaluate CMHC‑sponsored securitization volume that would provide the Company with its cheapest source of fundsPartner with investment dealers to gauge market appetite for NHA MBSProvide guidance to the Treasury – Securitization group for creating new NHA MBS poolsLead development of models to assist in evaluating hedging requirementsStructure and execute all interest rate swap transactions associated with Home’s CMB bond participationCoordinate with Canada Housing Trust to ensure proper allocation of CMB volume for new issue launchDevelop strategies for efficient management of replacement assets for CMB programLead as a SME for all internal or external enquiries regarding CMHC securitizationFunds Transfer PricingAssist in daily publishing of the internal funding curve to various departmentsManage the Funds Transfer Pricing process, including implementing enhancements to existing processes as requiredPartner with the Finance team to ensure costs are appropriately allocated to Treasury groupLead evaluation of the actual cost vs forecasted cost and perform back testing to validate model assumptionsDeposit and Investment Portfolio ManagementAssess required deposit volumes and oversee and manage the raising of deposits from multiple channels (direct to consumer and via nominee and client name broker channels)A thought leader on deposit strategies and how to efficiently raise deposit fundingLead, manage and provide oversight of the day‑to‑day investment portfolio within defined policy limits to provide the best possible returnLead development of models to analyze different investment products on a risk‑return basisLead monitoring of market trends to identify opportunities that will enhance portfolio returns; provide recommendationsto Treasurer and ALCORegulatory & Internal Risk CompliancePartner with BRM and other team members for tracking, measuring and reporting Treasury’s Operational Risk and escalating any Operational Risk Events to Risk groupLead development and documentation of appropriate compliance controls and maintain knowledge of compliance requirements for TreasuryMonitor internal audit findings & recommendations and work closely with BRM and team members to resolve the findingsLead the regulatory reporting process and ensure company’s liquidity management adheres to Liquidity Adequacy Requirements (LAR) guidelines outlined by the regulatorRepresent Treasury in New Initiative Risk Assessment Process (NIRAP) and ensure all relevant risk is properly assessed & documentedOversee the monitoring and reporting of Treasury’s KPI and KRI to internal risk groupInformation System DevelopmentLead development of models using various programming tools to enhance information system for decision making,



which includes in 2026 delivering a consolidated internal liquidity model for the companyProvide leadership and oversight in designing and implementing new software impacting Treasury groupCreate in‑house analytics to manage and monitor complex derivative structuresRepresent Treasury on new IT initiatives as requiredPartner with internal data management team to develop reports using internal data warehouseReportingLead development of various reports that facilitates in managing business within defined internal policy frameworkProvide guidance or support to other groups in developing reports impacting TreasuryReview and approve on‑going regulatory submissionsLead, manage and provide oversight in developing ALCO, board and management presentationsAct as a point of contact for compliance & ERM groups to ensure Treasury is compliant with regulatory, board & ALCO limitsPeople ManagementOversee, direct, and lead the growth and development of the group and promote a culture of high performance and continuous improvementEstablish and monitor staff performance and development goals, assign accountabilities, set objectives, establish priorities, and conduct annual performance appraisals and administer salary adjustments as appropriateQualificationsBusiness degree or MBA in related field, CFAMinimum 10 years related experience in Treasury, Capital Markets or Risk group of regulated financial institutionExperience in money market, fixed income and equity cash or derivative productKnowledge of the NHA MBS market and CMB programAsset portfolio management experienceKnowledge of the regulatory environmentStrong knowledge of Bloomberg Professional softwareProgramming and database management experience would be an assetStrong organizational skillsCreative thinking and problem‑solving abilityExceptional written / verbal communication and presentation skillsConsistently demonstrates and reinforces organizational valuesWhat You’ll Love About Working HereAward‑Winning Culture: We’re proud to be recognized as a Great Place to Work Canada 2025 and one of Montreal’s Top Employers 2025 by Canada’s Top 100 Employers.Work‑Life Balance: Enjoy flexibility with our hybrid work model designed to support your lifestyle.Time to Recharge: Generous vacation based on your role, statutory holidays, plus 6 wellness days to prioritize your well‑being.Compensation Package: Competitive base salary plus an annual incentive bonus tied to performance.Comprehensive Benefits: Robust health and dental coverage through Manulife, as well as virtual healthcare through Dialogue.Future‑Ready Savings: Group Retirement Savings Plan with up to 7% employer match.Exclusive Perks: Discounts from top retailers via WorkPerks, plus location‑based perks like gym memberships and Toronto Bike Share.On‑Site Fitness: Gym access at our London and Montreal offices.Continuous Growth: Education Assistance Program and Fairstone Academy for training and skill development.Family Support: Parental leave top‑up program to help you during life’s big moments.Community Impact: One paid volunteer day to give back to causes that matter to you.For more information on who we are as an employer click here.What You Can Expect – Pay & ProcessExpected base salary range is $190 000.00 – $215 000.00 per year, plus the opportunity to earn an annual incentive bonus tied to performance.This posting is for an existing vacancy within our organization.Artificial intelligence may be used in parts of the recruitment process.All candidates considered for hire must successfully pass a criminal background check, credit check, and validation of their work experience to qualify for hire.If what you read excites you, we’d like to hear from you! Please submit your application and we’ll contact you if you become selected for first stages of the interview process.Learn more: https://www.Fairstone.Ca/en/about/canadian-lenderFollow us on LinkedIn: https://www.Linkedin.Com/company/fairstone/mycompany/Fairstone is an equal opportunity employer. Accordingly, we will make reasonable accommodations to respond to the needs of people with disabilities. Individuals who view themselves as Aboriginals, members of visible minorities, and disabled are encouraged to apply in confidence.Time Type: Full timeJob Type: Permanent#J-18808-Ljbffr

📌 Vice-President, Liquidity Risk And Asset Liability Management - C$190,000 - C$215,000 A Year (Winnipeg)
🏢 Fairstone Bank
📍 Winnipeg