Who we are:

Fairstone Bank and its family of brands (“Fairstone” or the “Company”) are united in delivering innovative, accessible and reliable financial solutions that enable Canadians to reach their goals. Over the years, our brand family has grown. In 2024, Home Trust Company, Home Bank and Oaken Financial became part of the Fairstone Bank family of brands, alongside Fairstone, EdenParkand Fig.

Together, we are the leading alternative lending bank in Canada. We have the collective experience and expertise to better serve our customers and foster our partners’ growth. With a diverse suite of products—residential and commercial mortgages, consumer deposits and GICs, credit cards, retail and automobile financing, personal loans and digital lending—we offer financial solutions tailored to all Canadians, including newcomers, small-business owners, smart investors and savvy consumers.

Backed by nearly a century of lending experience through its legacy companies, Fairstone Bank and its brand family are proud to be Canada’s leading alternative lending bank.

Home Trust Company has developed a track record of success as Canada’s leading alternative lender, employing nearly 800 people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of its core residential mortgage lending business, the Company also offers complementary lending services, as well as highly competitive deposit investment products, through Oaken Financial. Our culture has been shaped by the passion and integrity of our people.

Join Fairstone as a Vice-President, Liquidity Risk and Asset Liability, reporting to SVP & Treasurer, and be part of our talented and growing team!

About the role:

The Vice-President, Liquidity Risk and Asset Liability is responsible for leading liquidity risk management, interest rate risk management, funds transfer pricing and CMHC securitization activities. This includes asset/liability management activities, including interest rate hedging (via the use of derivative products). This role is also responsible for the oversight of funding management, including broker deposit funding. This role ensures compliance with legislative/regulatory requirements applicable to Treasury, developing and documenting appropriate compliance controls, and maintaining knowledge of the compliance requirements of the business unit. This role is entrusted with coordinating many overall Treasury activities independently and diligently with the guidance from the Treasurer. The Vice-President, Liquidity Risk and Asset Liability is strategically important within the business unit to take a lead role in various projects and in developing analytical tools to enhance overall profitability. The role often acts as a communication channel for other departments to understand the technical aspect of Treasury. This role partners with the Treasurer in executing and implementing various strategies effectively and efficiently. This role will be responsible for ensuring all Treasury activities are executed on time and in compliance with regulatory and internal policy requirements.

What we’re looking for:

Liquidity Risk Management

• Lead, manage and provide day-to-day oversight on the Bank’s liquidity position
• Partner with the Treasurer and senior management in drafting policies for managing liquidity risk
• Lead as a SME and provide guidance in developing structure and models to track the daily liquidity position
• Monitor liquidity position and suggest ways to enhance liquidity portfolio returns; partner with Treasurer to execute on recommendations
• Lead the initiative for regular Scenario and Stress testing analysis to ensure the Bank has adequate liquidity to fund its strategic business goals
• Lead the Contingency Funding Plan process and ensure timely execution of test plan to be submitted to board & senior management team
• Lead regular back testing of internal liquidity models and associated assumptions, and partner with ERM team to implement any changes

Interest Rate Risk Management

• Lead the measurement of Bank-wide interest rate risk, including Economic Value-at-Risk, Earnings-at-Risk, key rate duration, basis risk, convexity, etc
• With guidance from the Treasurer, hedge interest rate risk through the execution of bond forwards or interest rate swaps
• Lead the development of internal models and analytics to better manage structural interest rate risk
• Analyze the swap curve and recommend the term structure to raise GICs that would provide the cheapest funding over the swap curve
• Partner with Finance hedge accounting group to ensure all derivatives are recorded appropriately and proper hedge accounting treatment is applied
• Analyze and verify margin calls for existing derivative products

Securitization Activities

• Lead and strategically evaluate CMHC-sponsored securitization volume that would provide the Company with its cheapest source of funds
• Partner with investment dealers to gauge market appetite for NHA MBS
• Provide guidance to the Treasury - Securitization group for creating new NHA MBS pools
• Lead development of models to assist in evaluating hedging requirements
• Structure and execute all interest rate swap transactions associated with Home’s CMB bond participation
• Coordinate with Canada Housing Trust to ensure proper allocation of CMB volume for new issue launch
• Develop strategies for efficient management of replacement assets for CMB program
• Lead as a SME for all internal or external enquiries regarding CMHC securitization

Funds Transfer Pricing

• Assist in daily publishing of the internal Funding curve to various departments
• Manage the Funds Transfer Pricing process, including implementing enhancements to existing processes as required
• Partner with the Finance team to ensure costs are appropriately allocated to Treasury group
• Lead evaluation of the actual cost v/s forecasted cost and perform back testing to validate model assumptions

Deposit and Investment Portfolio Management

• Assess required deposit volumes and oversee and manage the raising of deposits from multiple channels (direct to consumer and via nominee and client name broker channels)
• A thought leader on deposit strategies and how to efficiently raise deposit funding.
• Lead, manage and provide oversight of the day-to-day investment portfolio within defined policy limits to provide the best possible return
• Lead development of models to analyze different investment products on a risk-return basis
• Lead monitoring of market trends to identify opportunities that will enhance portfolio returns; provide recommendations to Treasurer and ALCO

Regulatory & Internal Risk Compliance

• Partner with BRM and other team members for tracking, measuring and reporting Treasury’s Operational Risk and escalating any Operational Risk Events to Risk group
• Lead development and documentation of appropriate Compliance controls and maintain knowledge of Compliance requirements for Treasury
• Monitor internal audit findings & recommendations and work closely with BRM and team members to resolve the findings
• Lead the regulatory reporting process and ensure company’s Liquidity management adheres to Liquidity Adequacy Requirements (LAR) guidelines outlined by the regulator
• Represent Treasury in New Initiative Risk Assessment Process (NIRAP) and ensure all relevant risk is properly assessed & documented
• Oversee the monitoring and reporting of Treasury’s Key Performance Indicator (KPI) and Key Risk Indicator (KRI) to internal risk group

Information System Development

• Lead development of models using various programming tools to enhance Information system for decision making, which includes in 2026 delivering a consolidated internal liquidity model for the company
• Provide leadership and oversight in designing and implementing new software impacting Treasury group
• Create in-house analytics to manage and monitor complex derivative structures
• Represent Treasury on new IT initiatives as required
• Partner with internal data management team to develop reports using internal Data warehouse

Reporting

• Lead development of various reports that facilitates in managing business within defined internal policy framework
• Provide guidance or support to other groups in developing reports impacting Treasury
• Review and approve on-going regulatory submissions
• Lead, manage and provide oversight in developing ALCO, board and management presentations
• Act as a point of contact for compliance & ERM groups to ensure Treasury is compliant with regulatory, board & ALCO limits

In addition to the accountabilities above, the VP, Treasury needs to be a strong and dynamic people manager, who will:

• Oversee, direct, and lead the growth and development of the group and promote a culture of high performance and continuous improvement

Establish and monitor staff performance and development goals, assign accountabilities, set objectives, establish priorities, and conduct annual performance appraisals and administer salary adjustments as appropriate

What we’re looking for:

• Business degree or MBA in related field, CFA
• Minimum 10 years related experience in Treasury, Capital Markets or Risk group of regulated financial institution
• Experience in money market, fixed income and equity cash or derivative product
• Knowledge of the NHA MBS market and CMB program
• Asset portfolio management experience
• Knowledge of the regulatory environment
• Strong knowledge of Bloomberg Professional software
• Programming and database management experience would be an asset
• Strong organizational skills
• Creative thinking and problem-solving ability
• Exceptional written / verbal communication and presentation skills
• Consistently demonstrates and reinforces organizational values

What you’ll love about working here:

• Award-Winning Culture: We’re proud to be recognized as aGreat Place to Work Canada 2025and one ofMontreal’s Top Employers 2025by Canada’s Top 100 Employers.
• Work-Life Balance: Enjoy flexibility with our hybrid work model designed to support your lifestyle.
• Time to Recharge: Generous vacation based on your role, statutory holidays, plus 6 wellness days to prioritize your well-being.
• Compensation Package: Competitive base salary plus an annual incentive bonus tied to performance.
• Comprehensive Benefits: Robust health and dental coverage through Manulife, as well as virtual healthcare through Dialogue.
• Future-Ready Savings: Group Retirement Savings Plan with up to 7% employer match.
• Exclusive Perks: Discounts from top retailers via WorkPerks, plus location-based perks like gym memberships and Toronto Bike Share.
• On-Site Fitness: Gym access at our London and Montreal offices.
• Continuous Growth: Education Assistance Program and Fairstone Academy for training and skill development.
• Family Support: Parental leave top-up program to help you during life’s big moments.
• Community Impact: One paid volunteer day to give back to causes that matter to you. -For more information on who we are as an employer

click here.

What you can expect - pay & process:

• Expected base salary range is $190 000.00 - $215 000.00 per year, plus the opportunity to earn an annual incentive bonus tied to performance.
• This posting is for an existing vacancy within our organization.
• Artificial intelligence may be used in parts of the recruitment process.
• All candidates considered for hire must successfully pass a criminal background check, credit check, and validation of their work experience to qualify for hire.

If what you read excites you, we’d like to hear from you! Please submit your application and we’ll contact you if you become selected for first stages of the interview process.

Learn more:

https://www.fairstone.ca/en/about/canadian-lender

Follow us on LinkedIn:

https://www.linkedin.com/company/fairstone/mycompany/

If you have a preferred language for communication, please kindly inform us whether you prefer French or English on your application.

Fairstone is an equal opportunity employer. Accordingly, we will make reasonable accommodations to respond to the needs of people with disabilities. Individuals who view themselves as Aboriginals, members of visible minorities, and disabled are encouraged to apply in confidence.

Time Type:

Full time

Job Type:

Permanent