Director Interest Rate Risk

Attendance

Hybrid

Job number

31158

Category

Senior Professional

Status: Permanent

Type of Contract

Permanent

Schedule: Full-Time

Full Time / Part Time?

Full-Time

Posting date

26-Feb-2026

Area(s) of interest: Financial markets and treasury, Finance and accounting, Risk management

Location(s): Montreal, Toronto

A career as a Director interest rate risk in the ALM and Investment Risk Oversight team at National Bank means acting as a strategic leader for the independent oversight of IRRBB. This role allows you to have a positive, enterprise-wide impact by leveraging your expertise in balance sheet risk management, IRRBB frameworks, stress testing, and regulatory governance.

This role has a strong enterprise wide impact, requiring deep expertise in balance sheet risk, sound judgment, and the ability to challenge senior first-line stakeholders while maintaining an effective risk partnership.

Your role

You will lead and continuously enhance the IRRBB oversight framework, with responsibilities spanning risk identification, stress testing, governance, and senior level challenge:
Own and lead the independent oversight of of IRRBB, including key risk identification, forward-looking analysis, and emerging risk assessment
Define, review, and challenge risk metrics, limits, early warning indicators, and escalation thresholds in alignment with the Bank’s risk appetite and regulatory expectations
Oversee and critically assess stress testing frameworks, scenarios, and assumptions to ensure material risk drivers, behavioral dynamics, and tail risks are appropriately captured
Provide credible and independent challenge to first-line teams regarding methodologies, models, assumptions, hedging strategies, and balance sheet positioning
Ensure strong governance of IRRBB measurement, stress testing, disclosure, and documentation processes, including regulatory interactions
Clearly communicate risk exposures and analytical results to senior management, committees, and key stakeholders to support informed decision-making

Your team

The ALM and Investment Risk Oversight team in the second line of defense provides independent oversight of the Bank’s balance sheet and market related risks, including:

• Interest Rate Risk in the Banking Book (IRRBB), including regulatory metrics and stress testing
• Structural FX risk
• Oversight of Treasury and investment activities

The 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.

Requirements

University degree in a quantitative or finance related discipline
Minimum 7 years of relevant experience in risk management, treasury, or ALM, with strong IRRBB expertise
Deep understanding of balance sheet risk management, IRRBB frameworks, stress testing, and regulatory expectations
Proven ability to challenge complex risk methodologies and senior stakeholders with credibility and sound judgment
Experience leveraging data, analytics, and models to support risk oversight and decision making (Python, SQL, or similar tools an asset)
Demonstrated leadership and a proactive mindset in identifying and addressing risk issues
Strong governance mindset, with attention to controls, documentation, and supervisory expectations

Minimum of 3 days per week in the office

Languages:

English, French

Skills

ALM Capital Markets Commodity Risk Management Credit Risk Interest Rate Risk Management Market Risk Risk Analysis Risk Management Interest Rates Stress Testing Interest Rate Risk Interest Rate Risk in Banking Book Balance Sheet Management Multi-factor Risk Models

Your benefits

In 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.

* Health and wellness program, including many options

* Flexible group insurance

* Generous pension plan

* Employee Share Ownership Plan

* Employee and Family Assistance Program

* Preferential banking services

* Opportunities to get involved in community initiatives

* Telemedicine service

* Virtual sleep clinic

These are a few of the benefits available to you. We have an offer that keeps up with trends as well as your needs and those of your family. 

Our dynamic work environments and cutting-edge collaboration tools foster a positive employee experience. We actively listen to employees’ ideas. Whether through our surveys or programs, regular feedback and ongoing communication is encouraged.

We're putting people first

We're a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people.   Our mission is to have a positive impact on peoples' lives. Our core values of partnership, agility, and empowerment inspire us, and inclusivity is central to our commitments. We offer a barrier-free workplace that is accessible to all employees. 

We want our recruitment process to be fully accessible. If you require accommodation, feel free to let us know during your first conversations with us. We welcome all candidates! What can you bring to our team?

Come live your ambitions with us!

Apply

For an environment that supports your career path

There are many varied opportunities for you to progress and develop, and move ahead in your career. This includes on-the-job learning and training, co-development and pairing with other employees, professional support and mentoring, internal career days or discussion forums with our leaders.

For an inclusive and diverse environment

We foster inclusion in an environment where each person’s unique qualities, whether visible or invisible, are celebrated and valued. We welcome all candidates! What can you bring to our team?