Posting Closes: January 15th, 2025/ 4:00 pm/mst
Employment Status: Full-time; permanent
Hybrid: Servus Corporate Offices are located in Edmonton and Calgary, interested candidates will be required to work from an office on an occasional basis as defined by the department.
Servus Credit Union is Alberta's largest member-owned credit union, known for building strong, resilient communities by helping our members feel good about their money. One of Canada's Best Managed Companies for 20 consecutive years and ranked as one of the top banks in Canada on Forbes World’s Best Banks list for two years in a row, we are a team of smart, gutsy, and driven individuals.
We are looking for a Market Risk Analyst to join our Treasury team!
Reporting directly to the Leader of Market Risk, the Market Risk Analyst is responsible for contributing to the management of the interest rate risk and other market risks the Credit Union is exposed to. The successful candidate will produce risk assessments, including margin forecasting, and execute trades as directed.
The scope of this role includes execution of a Funds Transfer Pricing program, measurement of mortgage rate commitments, and comprehensive modelling of the Credit Union's interest rate risk positioning.
More specifically, the scope of your responsibilities will include, but are not limited to:
Execute the asset-liability management (ALM), interest rate risk, and market risk management function of the organization. Provide insights to the Leader of Market Risk and Head of Treasury to support prudent management of interest rate risk. Assist in managing the risk exposure in the mortgage pipeline by accurately measuring risk exposure on a timely basis and executing required hedging trades. Execute the Funds Transfer Pricing (FTP) program accurately and on a timely basis. Support the Leader of Market Risk in refining FTP methodologies applied to individual banking products, including embedded option costs. Assist in the day-to-day management of forex transactions and forex exposure management. Assist with structuring, execution, and hedging of equity-linked deposits. Perform regular assessments of hedge effectiveness and adjust strategies accordingly. Complete regulatory and risk reporting within scope of the team's mandate and as required by ALCO and external regulatory authorities. Assist in the development and implementation of policies related to interest rate risk or market risk management; provide input on policy changes based on industry conditions or regulatory updates.