About the role
Job ID
2009
Work Type
Hybrid
Business unit
Risk Management
Pay grade
M - OTH
Apply before
22 September 2025
Number of openings
1
Posting type
Internal & External
At ATB, we exist to make it possible for our clients, team members and communities. Our purpose is more than aspirational. It's a real commitment we live every day through our values (what we call the ATB ID).
Life at ATB is about more than work. In fact, we’re consistently recognized as one of Canada's top employers thanks to our high-care, high-performance culture, upheld by the three commitments we make to our team members:
Impact in action: No matter where you are in the organization, you're empowered to make an impact in the lives of our clients and communities.
Thrive together: We want you—the unique, authentic you—to feel safe and celebrated at work. We're on a continuous journey to build the most flexible and inclusive programs.
Ready for tomorrow: We want to enable your success through interesting and challenging work, performance enablement, and learning and development.
About the role
As ATB's next Associate Director, Counterparty Credit Risk, you will join the small but rapidly growing Financial Risk Management (FRM) team. This is an all-hands-on-deck environment where every voice contributes to improving and enabling better risk management. As a smaller FI, we rely on being innovative to efficiently compete with the larger players. The culture is highly supportive, where a learning mindset and an innovative approach are highly valued.
This pivotal role will transform our risk oversight from a compliance-focused approach to one that provides valuable analytical insights. You will actively monitor and manage exposure levels, ensure the accuracy and effectiveness of our Potential Future Exposure (PFE) modeling framework, and serve as a subject matter expert in the dynamic landscape of traded credit risk.
The FRM team operates in a hybrid work environment with core members spread across Calgary, Edmonton, and Toronto, giving you the flexibility to learn from and work with a variety of talented professionals. The team’s rapid growth means you'll have unparalleled opportunities to both learn and support related areas while quickly developing into a role of greater responsibility.
Accountabilities
- Strategize & Enhance
- Lead the continuous enhancement of the Counterparty Credit Risk (CCR) team's oversight function and uphold best-in-class risk standards.
- Drive the review of model parameters and collaborate with the Quantitative Risk Analytics team on CCR model development and backtesting.
- Oversee the integrity of data feeding into risk models and reporting systems, working with technology partners to resolve any issues.
- Ensure new products and indices are onboarded with appropriate trading credit risk modeling, capturing nuances, complexities, and stress scenarios while balancing practicality and effectiveness for ATB.
- Stress Testing
- Contribute to the buildout and ongoing refinement of a stress testing framework.
- Ensure that scenarios are appropriately calibrated for the breadth and complexity of CCR at ATB, and assess the impact of these scenarios on our credit portfolios.
- Support the integration of stress test outcomes into daily risk management processes and limit calibrations.
- Oversee & Control
- Provide critical challenge and rigorous oversight of a counterparty's derivative and cash product credit exposures, including settlement and delivery vs. payment (DVP) risk.
- Monitor and report Potential Future Exposure (PFE) levels, escalating breaches to key stakeholders.
- Provide oversight of trading book collateral, focusing on key terms like Minimum Transfer Amount (MTA), Margin Period of Risk (MPR), and thresholds that influence collateral exchange forecasts.
- Provide coverage and support in developing the XVA area in close collaboration with the XVA team.
- Conduct regular reviews of the portfolio to identify concentrations of risk and ensure alignment with our risk appetite and policies.
- Capital Management
- Support and collaborate with the Treasury Capital Markets team with respect to CCR capital calculations and initiatives.
- Provide analysis and guidance on how trading activities impact capital and contribute to our regulatory compliance efforts.
- Support regulatory examinations and audit requests by providing accurate data and explanations for our CCR oversight activities.
- Advise & Inform
- Recommend traded credit limits to senior leadership and credit committees, fostering a consensus approach with key stakeholders.
- Provide comprehensive analysis on risk trends, relating them back to the CCR risk profile and articulating respective desk strategy around pertinent risk mitigation.
- Communicate complex risk concepts and report findings clearly to various audiences, including traders, senior management, and control functions.
- Review & Implement
- Review Credit Support Annex (CSA) documents and collaborate with respective credit teams to ensure their terms are accurately reflected in our trading systems and downstream risk systems..
- Participate in new product assessments, strategic risk architecture enhancements, and ensure that key details like Minimum Transfer Amounts (MTAs) and thresholds are correctly implemented.
- Contribute to the development and continuous improvement of risk policies, frameworks, and procedures, including creating new policies where they do not currently exist, with a focus on practical implementation and efficiency.
Skills, experience & requirements
- A degree in Finance, Economics, Mathematics, Statistics, Financial Engineering, or a related quantitative field.
- 5-8 years of progressive experience in a financial risk management role with a strong focus on counterparty credit risk and derivative products.
- Proven experience in risk modeling and data analysis.
- A deep understanding of derivative pricing, risk-neutral and real-world modeling frameworks, and exposure metrics (PFE). Experience with regulatory frameworks such as OSFI and Basel is highly valued.
- Direct experience with Murex and Google BigQuery is a strong asset.
- The ability to influence strategic initiatives and represent CCR in governance forums. You'll also have the opportunity to participate in ATB's formal mentorship program, which pairs individuals with senior leaders and provides opportunities to mentor colleagues in other teams.
- A degree in Finance, Economics, Mathematics, Statistics, Financial Engineering, or a related quantitative field.
- 5-8 years of progressive experience in a financial risk management role with a strong focus on counterparty credit risk and derivative products. Proven experience in risk modeling and data analysis.
- A deep understanding of derivative pricing, risk-neutral and real-world modeling frameworks, and exposure metrics (PFE). Experience with regulatory frameworks such as OSFI and Basel is highly valued.
- Direct experience with Murex and Google BigQuery is a strong asset.
- The ability to influence strategic initiatives and represent CCR in governance forums. You'll also have the opportunity to participate in ATB's formal mentorship program, which pairs individuals with senior leaders and provides opportunities to mentor colleagues in other teams.
Key Skills:
- Counterparty Credit Risk Management & Measurement (PFE, etc.)
- Data Analysis & Reporting
- Financial Instruments & Capital Markets
- Stakeholder Management & Collaboration
- Policy & Framework Development
- Problem-Solving & Critical Thinking
- Regulatory Compliance
Don’t meet all the requirements on the list?
A resume only goes so far in expressing who you are and the unique perspectives you bring. If you believe your skills and experience align with the role—but you might not check all the boxes—we want to hear from you. We encourage candidates from all work backgrounds, equity-seeking communities and experience levels to apply. If you’re seeking a career where your drive, perspective and growth are celebrated, we want to hear from you.
We’re dedicated to building a workforce reflective of those within our communities, and a culture where our team members are equipped with what they need to succeed—their way. Part of creating an inclusive workplace is recognizing our role in advancing Truth and Reconciliation. We are committed to meeting and exceeding the standards set out in the Partnership Accreditation in Indigenous Relations program created by the Canadian Council for Aboriginal Business.
What happens next?
If you are shortlisted, you’ll hear from us after the posting closes. Check out our How We Hire page to learn more about our hiring process. If you need any accommodations throughout this process, please let us know at talentteam@atb.com
Stay in touch
We’re excited that you’re interested in a career with ATB. Follow us on LinkedIn, Facebook and Instagram to learn more about what our team is up to.
About ATB Financial
For more than 85 years, ATB has been reimagining the way we do business. We’ve grown from one small treasury branch into Alberta’s largest provincially based financial institution, and we don’t have any plans to slow down now. We power possibility for our clients, our team members and our province—and we’re leading the way to a sustainable, innovative and prosperous future.
About ATB Financial
With $62.0 billion in assets, ATB Financial is a leading financial institution that started in Alberta with the focus of putting people first. Our success comes from our more than 5,000 team members who love to deliver exceptional experiences to over 820,000 clients across our Personal and Business Banking, ATB Wealth Management and ATB Capital Markets businesses. ATB provides expert advice, services and products through our many branches and agencies, our 24-hour Client Care Centre, four entrepreneur centres and our digital banking options. ATB powers possibilities for our clients, communities and beyond.
About the role
Job ID
2009
Work Type
Hybrid
Business unit
Risk Management
Pay grade
M - OTH
Apply before
22 September 2025
Number of openings
1
Posting type
Internal & External
At ATB, we exist to make it possible for our clients, team members and communities. Our purpose is more than aspirational. It's a real commitment we live every day through our values (what we call the ATB ID).
Life at ATB is about more than work. In fact, we’re consistently recognized as one of Canada's top employers thanks to our high-care, high-performance culture, upheld by the three commitments we make to our team members:
Impact in action: No matter where you are in the organization, you're empowered to make an impact in the lives of our clients and communities.
Thrive together: We want you—the unique, authentic you—to feel safe and celebrated at work. We're on a continuous journey to build the most flexible and inclusive programs.
Ready for tomorrow: We want to enable your success through interesting and challenging work, performance enablement, and learning and development.
About the role
As ATB's next Associate Director, Counterparty Credit Risk, you will join the small but rapidly growing Financial Risk Management (FRM) team. This is an all-hands-on-deck environment where every voice contributes to improving and enabling better risk management. As a smaller FI, we rely on being innovative to efficiently compete with the larger players. The culture is highly supportive, where a learning mindset and an innovative approach are highly valued.
This pivotal role will transform our risk oversight from a compliance-focused approach to one that provides valuable analytical insights. You will actively monitor and manage exposure levels, ensure the accuracy and effectiveness of our Potential Future Exposure (PFE) modeling framework, and serve as a subject matter expert in the dynamic landscape of traded credit risk.
The FRM team operates in a hybrid work environment with core members spread across Calgary, Edmonton, and Toronto, giving you the flexibility to learn from and work with a variety of talented professionals. The team’s rapid growth means you'll have unparalleled opportunities to both learn and support related areas while quickly developing into a role of greater responsibility.
Accountabilities
- Strategize & Enhance
- Lead the continuous enhancement of the Counterparty Credit Risk (CCR) team's oversight function and uphold best-in-class risk standards.
- Drive the review of model parameters and collaborate with the Quantitative Risk Analytics team on CCR model development and backtesting.
- Oversee the integrity of data feeding into risk models and reporting systems, working with technology partners to resolve any issues.
- Ensure new products and indices are onboarded with appropriate trading credit risk modeling, capturing nuances, complexities, and stress scenarios while balancing practicality and effectiveness for ATB.
- Stress Testing
- Contribute to the buildout and ongoing refinement of a stress testing framework.
- Ensure that scenarios are appropriately calibrated for the breadth and complexity of CCR at ATB, and assess the impact of these scenarios on our credit portfolios.
- Support the integration of stress test outcomes into daily risk management processes and limit calibrations.
- Oversee & Control
- Provide critical challenge and rigorous oversight of a counterparty's derivative and cash product credit exposures, including settlement and delivery vs. payment (DVP) risk.
- Monitor and report Potential Future Exposure (PFE) levels, escalating breaches to key stakeholders.
- Provide oversight of trading book collateral, focusing on key terms like Minimum Transfer Amount (MTA), Margin Period of Risk (MPR), and thresholds that influence collateral exchange forecasts.
- Provide coverage and support in developing the XVA area in close collaboration with the XVA team.
- Conduct regular reviews of the portfolio to identify concentrations of risk and ensure alignment with our risk appetite and policies.
- Capital Management
- Support and collaborate with the Treasury Capital Markets team with respect to CCR capital calculations and initiatives.
- Provide analysis and guidance on how trading activities impact capital and contribute to our regulatory compliance efforts.
- Support regulatory examinations and audit requests by providing accurate data and explanations for our CCR oversight activities.
- Advise & Inform
- Recommend traded credit limits to senior leadership and credit committees, fostering a consensus approach with key stakeholders.
- Provide comprehensive analysis on risk trends, relating them back to the CCR risk profile and articulating respective desk strategy around pertinent risk mitigation.
- Communicate complex risk concepts and report findings clearly to various audiences, including traders, senior management, and control functions.
- Review & Implement
- Review Credit Support Annex (CSA) documents and collaborate with respective credit teams to ensure their terms are accurately reflected in our trading systems and downstream risk systems..
- Participate in new product assessments, strategic risk architecture enhancements, and ensure that key details like Minimum Transfer Amounts (MTAs) and thresholds are correctly implemented.
- Contribute to the development and continuous improvement of risk policies, frameworks, and procedures, including creating new policies where they do not currently exist, with a focus on practical implementation and efficiency.
Skills, experience & requirements
- A degree in Finance, Economics, Mathematics, Statistics, Financial Engineering, or a related quantitative field.
- 5-8 years of progressive experience in a financial risk management role with a strong focus on counterparty credit risk and derivative products.
- Proven experience in risk modeling and data analysis.
- A deep understanding of derivative pricing, risk-neutral and real-world modeling frameworks, and exposure metrics (PFE). Experience with regulatory frameworks such as OSFI and Basel is highly valued.
- Direct experience with Murex and Google BigQuery is a strong asset.
- The ability to influence strategic initiatives and represent CCR in governance forums. You'll also have the opportunity to participate in ATB's formal mentorship program, which pairs individuals with senior leaders and provides opportunities to mentor colleagues in other teams.
- A degree in Finance, Economics, Mathematics, Statistics, Financial Engineering, or a related quantitative field.
- 5-8 years of progressive experience in a financial risk management role with a strong focus on counterparty credit risk and derivative products. Proven experience in risk modeling and data analysis.
- A deep understanding of derivative pricing, risk-neutral and real-world modeling frameworks, and exposure metrics (PFE). Experience with regulatory frameworks such as OSFI and Basel is highly valued.
- Direct experience with Murex and Google BigQuery is a strong asset.
- The ability to influence strategic initiatives and represent CCR in governance forums. You'll also have the opportunity to participate in ATB's formal mentorship program, which pairs individuals with senior leaders and provides opportunities to mentor colleagues in other teams.
Key Skills:
- Counterparty Credit Risk Management & Measurement (PFE, etc.)
- Data Analysis & Reporting
- Financial Instruments & Capital Markets
- Stakeholder Management & Collaboration
- Policy & Framework Development
- Problem-Solving & Critical Thinking
- Regulatory Compliance
Don’t meet all the requirements on the list?
A resume only goes so far in expressing who you are and the unique perspectives you bring. If you believe your skills and experience align with the role—but you might not check all the boxes—we want to hear from you. We encourage candidates from all work backgrounds, equity-seeking communities and experience levels to apply. If you’re seeking a career where your drive, perspective and growth are celebrated, we want to hear from you.
We’re dedicated to building a workforce reflective of those within our communities, and a culture where our team members are equipped with what they need to succeed—their way. Part of creating an inclusive workplace is recognizing our role in advancing Truth and Reconciliation. We are committed to meeting and exceeding the standards set out in the Partnership Accreditation in Indigenous Relations program created by the Canadian Council for Aboriginal Business.
What happens next?
If you are shortlisted, you’ll hear from us after the posting closes. Check out our How We Hire page to learn more about our hiring process. If you need any accommodations throughout this process, please let us know at talentteam@atb.com
Stay in touch
We’re excited that you’re interested in a career with ATB. Follow us on LinkedIn, Facebook and Instagram to learn more about what our team is up to.
About ATB Financial
For more than 85 years, ATB has been reimagining the way we do business. We’ve grown from one small treasury branch into Alberta’s largest provincially based financial institution, and we don’t have any plans to slow down now. We power possibility for our clients, our team members and our province—and we’re leading the way to a sustainable, innovative and prosperous future.
About ATB Financial
With $62.0 billion in assets, ATB Financial is a leading financial institution that started in Alberta with the focus of putting people first. Our success comes from our more than 5,000 team members who love to deliver exceptional experiences to over 820,000 clients across our Personal and Business Banking, ATB Wealth Management and ATB Capital Markets businesses. ATB provides expert advice, services and products through our many branches and agencies, our 24-hour Client Care Centre, four entrepreneur centres and our digital banking options. ATB powers possibilities for our clients, communities and beyond.