About Us
First Nations Bank of Canada (“FNBC”) is a federally chartered bank primarily focused on providing financial services to the Indigenous marketplace in Canada. Over 88% Indigenous owned and controlled, FNBC is a leader in advocating for the growth of the Indigenous economy and the economic well-being of Indigenous people. Headquartered in Saskatoon, FNBC takes pride in its workforce of over 61% Indigenous employees working at locations across Canada.
About The Role
The Associate Vice President, Enterprise Risk Management is a senior leader withing the Bank’s risk function, reporting to the Chief Risk Officer (CRO). This role leads enterprise-wide risk governance and plays a strategic role in enabling the Bank’s growth while maintaining resilience and regulatory compliance.
The AVP develops and implements risk frameworks that align with the Bank’s risk appetite and meet OSFI expectations, including capital adequacy, stress testing, and model risk management. A key advisor to senior management and the Board, the AVP brings insight into emerging risks and risk-reward trade-offs, helping the Bank look ahead, allocate capital wisely, and make decisions that support disciplined, forward-looking growth.
Key Responsibilities
Enterprise Risk Governance & Strategy
- Lead the development, enhancement, and maintenance of the Enterprise Risk Management (ERM) Framework, including risk appetite, risk policies, limit structures, escalation paths, and governance committees.
- Translate strategic plans, business initiatives, and external environment shifts into risk impact assessments and capital implications.
- Serve as the primary risk liaison to business lines, embedding risk review into new product development, strategic initiatives, and project governance.
- Monitor emerging risk themes and develop scenario and sensitivity analyses to stress-test the Bank’s resilience.
- Promote a robust risk culture, including accountability, escalation discipline, and continuous learning across the organization.
Capital & Stress Testing / Scenario Analysis
- Own the design, calibration, execution, and governance of stress testing frameworks (baseline, adverse, extreme) across risk domains.
- Work with Finance and Business leaders to assess the capital impact of stress scenarios, strategic actions, and macro shifts; feed into capital allocation and strategic planning.
- Work closely with Finance and the CRO on the Bank’s ICAAP / Internal Capital Planning process, including capital forecasts, Pillar 2 capital, cushion analysis, capital buffer strategies, and sensitivity analysis.
- Ensure alignment between stress testing outputs, recovery planning triggers, contingency plans, and capital risk thresholds.
Operational Risk & Resilience
- Provide leadership and direction on operational risk and resilience.
- Manage and develop the Manager, Operational Risk directing their work and ensuring quality of outputs.
Quantitative Risk & Analytics
- Oversee model life cycle management, validation, back testing, benchmarking, and independent challenge (in line with OSFI’s evolving E‑23 expectations)
- Lead or coordinate the development of quantitative models, risk metrics, and analytics.
- Design and maintain risk dashboards, early warning indicators, limit monitoring tools, and scenario visualization tools.
Risk Monitoring, Reporting & Regulatory Engagement
- Oversee risk metrics and limits across credit, market, liquidity, operational, third-party, and strategic risk profiles.
- Prepare and deliver regular enterprise risk reporting to senior management, the Board, and committees, including narrative, quantified metrics, dashboards, and scenario outcomes.
Other
- Respond to regulatory examinations, OSFI inquiries, and internal/audit reviews. Support preparation and submission of regulatory documents.
- Other duties as assigned.
About You
- Practical and solutions-oriented, with the ability to translate complex regulatory expectations into actionable practices tailored to a smaller bank environment.
- Adaptable and resourceful in a lean environment – willing to roll up sleeves, lead projects hands-on, and drive continuous improvement without overcomplicating.
- High integrity, judgment, and accountability in managing the Bank’s risk profile.
- Strategic thinker who connects risk insights to business outcomes, growth plans, and capital needs.
- Strong communicator who can distill complex risk and capital concepts into clear messages for senior executives, the board, and frontline staff.
- Collaborative leader who works well across business lines.
Qualifications:
- 10+ years progressive experience in risk management.
- Deep knowledge of OSFI’s regulatory framework with the ability to interpret and implement those expectations pragmatically.
- Demonstrated ability to design and implement fit-for-purpose risk frameworks that meet regulatory expectations without overengineering.
- Experience building or overseeing capital stress testing, risk appetite frameworks, and enterprise risk dashboards.
- Strong analytical skills with working knowledge of risk modeling tools, stress testing techniques, and capital planning – ideally with some programming or advanced Excel capabilities.
- Track record of influencing and advising senior leaders and cross-functional stakeholders, especially on risk-return tradeoffs and capital implications.
- Bachelor’s degree in business, finance, economics, statistics or a related field; an advanced degree or designation (e.g., CFA, FRM, MBA) is an asset, but not essential.
- Proven experience leading cross-functional risk initiatives or managing small teams.
We are passionate about creating an inclusive workplace and value and respect diversity of our staff.
We offer a comprehensive total rewards package, including group benefits, savings plan, professional development, and opportunities for career growth. If you are interested in this opportunity, meet the qualifications, and are eligible to work in Canada, please visit our career centre at Career Centre | Recruitment. The posting will remain open until filled.
We thank all candidates for their interest, however, only those selected for an interview will be contacted.
