As an Associate Director, you will play a key second line of defense role in overseeing Interest Rate Risk in the Banking Book (IRRBB). You will be responsible for identifying, monitoring, and challenging key and emerging IRRBB risks, ensuring a robust governance framework, and supporting compliance with evolving regulatory expectations.This role offers a meaningful opportunity to influence risk outcomes through independent oversight, analytical insight, and close collaboration with first line stakeholders, leveraging your expertise in banking, financial markets, and risk management.Your roleMonitor, review, and independently validate IRRBB metrics, including earnings and economic value-based measures, limits, and early warning indicatorsIdentify key and emerging IRRBB risks, assess their potential impact, and ensure appropriate escalation and governanceReview, challenge, and interpret stress test scenarios and 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 strategiesContribute to the design, enhancement, and governance of stress testing frameworks and controls related to IRRBB and structural balance sheet risksPrepare and present in-depth historical and forward-looking analyses to support discussions with senior stakeholders and decision-making bodies.Participate in the external disclosure and internal reporting processes, ensuring accuracy, consistency, and regulatory alignmentYour teamInterest Rate Risk in the Banking Book (IRRBB), including regulatory metrics and stress testingOversight of Treasury and investment activitiesThe team plays a critical role in supporting senior management by delivering clear, timely, and risk-based insights,



while maintaining strong independence from the first line of defense.RequirementsUniversity degree in a quantitative or finance related disciplineMinimum 5 years of relevant experience in risk management, treasury, or ALM, with strong IRRBB expertiseVery good understanding of balance sheet risk management, IRRBB frameworks, stress testing, and regulatory expectationsAbility to analyze, interpret, and challenge risk metrics, stress test results, and model outputsExperience with data analysis and programming (QRM, Python, SQL)Demonstrated experience designing and developing dashboards to support risk monitoring, data analysis, and decision-makingStrong analytical mindset, attention to detail, intellectual curiosity, and sound judgmentAbility to communicate risk insights clearly and engage constructively with first line and senior stakeholdersMinimum of 3 days per week in the officeLanguages: FrenchRequired skills: Artificial Intelligence, Diversity & Inclusion, Empathy, Initiative, Interest Rate Risk in Banking Book, Learning Agility, Stress Testing, TeamworkIn addition to competitive compensation, upon hiring you’ll be eligible for a wide range of flexible benefits to help promote your wellbeing and that of your family such as:Health and wellness program, including many optionsEmployee Share Ownership PlanEmployee and family assistance programPreferential banking servicesInvolvement in community initiativesVirtual sleep clinicWe have an offer that keeps up with trends as well as your needs and those of your family.Our energetic work environments and cutting-edge collaboration tools foster a positive employee experience. We value employees’ ideas. Whether through our surveys or programs, regular feedback and ongoing communication are encouraged.Making a bold move in a people-first environmentWe’re a

📌 Associate Director Irrbb (Toronto)
🏢 National Bank of Canada
📍 Toronto