Consultant, Asset Liability Management (ALM)

About Vancity

Vancity is a member-owned credit union built on the principles of inclusion and social justice. A relentless commitment to their values has helped them challenge the status quo and break down barriers since day one in 1946. They have bold commitments to make Vancity net-zero by 2040 across all mortgages and loans and are pursuing strategies on Indigenous banking and to improve the financial resilience of their members.

Vancity is the largest private sector Living Wage Employer in Canada and has been consistently recognized as one of the Top Employers in Canada. If you’re interested in joining their team of 2,700 diverse individuals and accessing competitive rewards and benefits, all while knowing you are part of a greater movement, then apply today!

About the workplace

This is a permanent, full-time role that will enjoy hybrid working arrangements which can be fulfilled primarily from the Vancity head office location and your Lower Mainland based home office. This role may require you to work in-office at least once a week.

As a Consultant, Asset Liability Management (ALM), you will ensure that Vancity will have relevant market and member risk analyses to enable the development of the asset-liability risk strategy to enhance the financial margin and longer term financial contribution.

A typical day would involve:

• Provide recommendations for strategies to manage market and liquidity risks for Vancity to optimize long term financial contribution
• Develop pro-forma balance sheet and financial margin forecasts, perform sensitivity and scenario analyses, and measure interest rate and liquidity risk to present findings and inform treasury strategy recommendations.
• Perform sensitivity and scenario analysis for strategy development and forecasting to inform treasury strategy recommendations.
• Consult with internal stakeholders on strategic project initiatives and present findings and recommendations to enable the achievement of business objectives.
• Document and perform analysis enabling the maintenance of the hedging portfolio in alignment with approved treasury strategies and accounting requirements.

You have:

• Experience with programming languages such as SQL, Python, or R would be an asset
• Strong knowledge of asset and liability modelling
• Solid quantitative and modeling development experience.
• Ability to communicate technical and analytical concepts to a broad range of stakeholders
• Excellent analytical, problem-solving, conceptualization, and strategic thinking skills
• Experience in a financial institution is a nice-to-have

You are:

• Results-oriented - You have a demonstrated ability to engage stakeholders in order to conduct diagnosis, analyze findings, generate appropriate options, and build deliverables all while securing their commitment to these solutions in a timely manner.
• Analytical - You seek to facilitate data-driven decision making, including “rolling up your sleeves” to collect data, research and build models.
• A problem solver - Your skills to diagnose challenges and issues, develop innovative business solutions, and assess risks and opportunities that may affect the business have been put to good use.

We value lived experience, so if you are interested in this role, we encourage you to apply even if you feel your skills don't perfectly align with those listed.

The salary range for the role is $81,200 to $102,000. Base pay offered may vary depending on factors such as relevant qualifications, skills, previous experience, and internal equity. As part of our total rewards package, employees may also be eligible for our annual incentive program, subject to program eligibility requirements.

Posting Deadline: Posted until Filled

A career at Vancity is more than just a job, you’re joining a tradition of change-makers who are creating lasting change for our communities. Beyond base pay, we offer a comprehensive total rewards package to ensure our employees are empowered to thrive

We offer:

• We are the largest private-sector Living Wage Employer in Canada and have been consistently recognized as one of the Top Employers in Canada.
• Our permanent employees qualify for attractive benefit packages that can be customized and changed each year to meet their evolving needs.
• New employees receive between three to four weeks of vacation allowance per calendar year, and the number of vacation days grows
• In addition to the 10 statutory holidays in British Columbia, Vancity provides an additional three statutory holidays. We offer care days for periods of short-term personal illness or emergency family illness.
• We have flex credits for our health care & dental benefits offer three levels of coverage for you to select from. These benefits will also be effective immediately based on your hire date.
• We understand that retirement means different things to different people and at Vancity we will offer you a Defined benefits pension plan that pays you a retirement income for life.

At Vancity we’re committed to creating a welcoming and inclusive workplace to help our people and communities thrive and prosper. Diversity in our workforce is integral so that we can truly represent, understand and respond to our community needs and deliver on our member experience.

We are committed to providing an inclusive and accessible recruitment experience for all candidates. If you require any accommodations at any stage of the recruitment process, please reach out to our Talent Acquisition team at [email protected] for confidential support. In-person assistance is also available. We will collaborate with you to ensure your needs are met promptly and effectively.