Senior Manager - ICAAP Reporting
Top Benefits
About the role
We are hiring for this position out of our Toronto office. Successful candidates who apply outside of these areas will be expected to relocate and reside in a location that is within a commutable distance.
Role Overview
This role reports to the VP, Balance Sheet Risk, and is responsible for leading the end-to-end ICAAP (Internal Capital Adequacy Assessment Process) framework within the Bank. The position plays a critical role in ensuring robust capital planning, stress testing, and regulatory alignment in support of the Bank’s balance sheet risk management.
The Senior Manager will work closely with Treasury, Finance, Business, Risk, and senior stakeholders to deliver ICAAP production, maintain supporting models, and enhance methodologies across Pillar 2 capital frameworks. The role also includes ownership of regulatory deliverables, audit remediation, and continuous improvement of ICAAP processes and governance.
About the Day-to-day
- Independently manage the ICAAP production timeline and deliverables, ensuring high-quality and timely submission. Refresh and maintain the ICAAP workstream tracker for each annual iteration.
- Own, maintain, and enhance the ICAAP balance sheet and stress testing models.
- Refresh results from Pillar 2 Economic Capital models based on latest year end results, take ownership of underlying methodologies.
- Accountable for remediation of validation findings in Pillar 2 models.
- Maintain SharePoint site to store documentation, controls and artifacts for each annual ICAAP to support internal audit, OSFI reviews, and regulatory expectations.
- Lead the refresh and update of the ICAAP report, including drafting key sections and incorporating stakeholder inputs.
- Prepare and submit ICAAP regulatory returns, ensuring completeness and accuracy.
- Working closely with the VP Balance Sheet Risk and SVP of ERM, coordinate the ICAAP stress testing program, incorporating feedback from stakeholders and maintain detailed assumption documentation. .
- Partner with Finance and Treasury on provisions, capital adequacy, and balance sheet projections.
- Drive remediation efforts related to audit and regulatory findings associated with ICAAP.
- Ensure ongoing enhancement of ICAAP methodologies, governance, and supporting processes.
About the Qualifications
- 7+ years of experience in banking, risk management, or finance, preferably within Balance Sheet Risk, Capital Management, or Treasury;
- 3+ years of direct experience with ICAAP production and regulatory reporting within Canadian financial institutions (OSFI environment strongly preferred).
- Direct experience working with OSFI guidelines and supervisory expectations.
- Solid understanding of financial statements (balance sheet, income statement) and banking products.
- Strong knowledge of Pillar 2 Economic Capital models, including conceptual understanding of capital adequacy and risk coverage.
- Good understanding of ECL methodologies (IFRS 9) and their impact on the balance sheet and income statement.
- Experience with stress testing frameworks and scenario-based capital assessment.
- Proven ability to manage complex projects with long timelines and multiple stakeholders.
- Professional designation such as CPA, CFA, or FRM is preferred.
About us
Peoples Group is a trusted financial services company for the innovators at the forefront of Canada’s economic future. With offices in Vancouver, Calgary, Toronto, and Montreal, we are driving change by working alongside challenger banks, fintechs, brokers, and merchants to foster a dynamic and competitive financial ecosystem.
Our culture is built on four core behaviours: Grit to Grow, Connect to Collaborate, Putting Clients First, and Owning the Outcome. We believe people do not simply choose a company to work for—they choose a company that makes a positive impact in the lives of Canadians. Above all, we value people, build meaningful relationships, focus on individual strengths, and approach our work with passion.
About the work environment
Peoples Group offers a flexible and hybrid work environment. In this role you will work a combination of in-office and remotely from home. Typically, you'll be working regular business hours, Monday to Friday between 8:30am and 5:00pm with flexibility around start/end times.
We offer:
- A hybrid work environment, enabling you to balance your personal and professional life seamlessly.
- Competitive salaries, profit sharing, RRSP matching and benefits from day one.
- Generous paid time off to help achieve a healthy work-life balance.
- A strengths-based approach, ensuring we work together more effectively.
- A commitment to your well-being in five key areas: Financial, Physical, Social, Career, and Community.
Peoples Group is pleased to offer employees a competitive annual salary plus a discretionary profit share opportunity. Salary for this position will vary between $115,000 and $125,000 per year depending on the knowledge, skills, abilities and experience that the chosen candidate possesses.
NOTE: This job posting is for an existing vacancy. Peoples Group is an Equal Employment Opportunity employer. Please accept our utmost appreciation for your interest; however, only those applicants under consideration will be contacted.
We value and celebrate individuality while fostering an inclusive workplace for everyone. If there's any way we can support or accommodate you during the selection process, please don't hesitate to let us know.
Not the right fit? Search for Manager jobs in Toronto, Ontario, Canada
About Peoples Group
Peoples Group has been providing a tailored suite of financial solutions and delivering world-class customer interactions, since 1985. Over the years, we’ve thoughtfully expanded our product and service offerings based on customer needs. We expect to continue this successful journey in the years to come. We have grown substantial market share in the insured commercial lending space and are the leading issuer of prepaid payment cards in Canada, as well as an innovative merchant acquirer. We are an entrepreneurial organization that excels at customizing solutions to fit the needs of our clients. As a trusted partner of many fintechs, we have a proven track record of providing tools and guidance so they can realize their success.
Today, Peoples Group has 455+ employees and operates nationally in Vancouver, Calgary, Toronto and Montreal. Our success comes from our employees who bring our vision and values to life. By valuing people, building relationships, and focusing on strengths, we execute with passion.
And we mean it. We live our vision and values every day by being Trustworthy, Willing, Creative. What does this look like? We believe everyone has strengths that make them unique and are their greatest opportunity for success. We focus on strengths, the strength of our employees, the strength of our customers and build from there.
Focusing on strengths allows our company to be best positioned to build on our other two values: Relationship Building and Passionate Execution. Working at Peoples has a community feeling, where people care about each other and display pride in their work. At Peoples, every employee, at all locations and levels, is empowered to make an impact and contribute ideas.
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Senior Manager - ICAAP Reporting
Top Benefits
About the role
We are hiring for this position out of our Toronto office. Successful candidates who apply outside of these areas will be expected to relocate and reside in a location that is within a commutable distance.
Role Overview
This role reports to the VP, Balance Sheet Risk, and is responsible for leading the end-to-end ICAAP (Internal Capital Adequacy Assessment Process) framework within the Bank. The position plays a critical role in ensuring robust capital planning, stress testing, and regulatory alignment in support of the Bank’s balance sheet risk management.
The Senior Manager will work closely with Treasury, Finance, Business, Risk, and senior stakeholders to deliver ICAAP production, maintain supporting models, and enhance methodologies across Pillar 2 capital frameworks. The role also includes ownership of regulatory deliverables, audit remediation, and continuous improvement of ICAAP processes and governance.
About the Day-to-day
- Independently manage the ICAAP production timeline and deliverables, ensuring high-quality and timely submission. Refresh and maintain the ICAAP workstream tracker for each annual iteration.
- Own, maintain, and enhance the ICAAP balance sheet and stress testing models.
- Refresh results from Pillar 2 Economic Capital models based on latest year end results, take ownership of underlying methodologies.
- Accountable for remediation of validation findings in Pillar 2 models.
- Maintain SharePoint site to store documentation, controls and artifacts for each annual ICAAP to support internal audit, OSFI reviews, and regulatory expectations.
- Lead the refresh and update of the ICAAP report, including drafting key sections and incorporating stakeholder inputs.
- Prepare and submit ICAAP regulatory returns, ensuring completeness and accuracy.
- Working closely with the VP Balance Sheet Risk and SVP of ERM, coordinate the ICAAP stress testing program, incorporating feedback from stakeholders and maintain detailed assumption documentation. .
- Partner with Finance and Treasury on provisions, capital adequacy, and balance sheet projections.
- Drive remediation efforts related to audit and regulatory findings associated with ICAAP.
- Ensure ongoing enhancement of ICAAP methodologies, governance, and supporting processes.
About the Qualifications
- 7+ years of experience in banking, risk management, or finance, preferably within Balance Sheet Risk, Capital Management, or Treasury;
- 3+ years of direct experience with ICAAP production and regulatory reporting within Canadian financial institutions (OSFI environment strongly preferred).
- Direct experience working with OSFI guidelines and supervisory expectations.
- Solid understanding of financial statements (balance sheet, income statement) and banking products.
- Strong knowledge of Pillar 2 Economic Capital models, including conceptual understanding of capital adequacy and risk coverage.
- Good understanding of ECL methodologies (IFRS 9) and their impact on the balance sheet and income statement.
- Experience with stress testing frameworks and scenario-based capital assessment.
- Proven ability to manage complex projects with long timelines and multiple stakeholders.
- Professional designation such as CPA, CFA, or FRM is preferred.
About us
Peoples Group is a trusted financial services company for the innovators at the forefront of Canada’s economic future. With offices in Vancouver, Calgary, Toronto, and Montreal, we are driving change by working alongside challenger banks, fintechs, brokers, and merchants to foster a dynamic and competitive financial ecosystem.
Our culture is built on four core behaviours: Grit to Grow, Connect to Collaborate, Putting Clients First, and Owning the Outcome. We believe people do not simply choose a company to work for—they choose a company that makes a positive impact in the lives of Canadians. Above all, we value people, build meaningful relationships, focus on individual strengths, and approach our work with passion.
About the work environment
Peoples Group offers a flexible and hybrid work environment. In this role you will work a combination of in-office and remotely from home. Typically, you'll be working regular business hours, Monday to Friday between 8:30am and 5:00pm with flexibility around start/end times.
We offer:
- A hybrid work environment, enabling you to balance your personal and professional life seamlessly.
- Competitive salaries, profit sharing, RRSP matching and benefits from day one.
- Generous paid time off to help achieve a healthy work-life balance.
- A strengths-based approach, ensuring we work together more effectively.
- A commitment to your well-being in five key areas: Financial, Physical, Social, Career, and Community.
Peoples Group is pleased to offer employees a competitive annual salary plus a discretionary profit share opportunity. Salary for this position will vary between $115,000 and $125,000 per year depending on the knowledge, skills, abilities and experience that the chosen candidate possesses.
NOTE: This job posting is for an existing vacancy. Peoples Group is an Equal Employment Opportunity employer. Please accept our utmost appreciation for your interest; however, only those applicants under consideration will be contacted.
We value and celebrate individuality while fostering an inclusive workplace for everyone. If there's any way we can support or accommodate you during the selection process, please don't hesitate to let us know.
Not the right fit? Search for Manager jobs in Toronto, Ontario, Canada
About Peoples Group
Peoples Group has been providing a tailored suite of financial solutions and delivering world-class customer interactions, since 1985. Over the years, we’ve thoughtfully expanded our product and service offerings based on customer needs. We expect to continue this successful journey in the years to come. We have grown substantial market share in the insured commercial lending space and are the leading issuer of prepaid payment cards in Canada, as well as an innovative merchant acquirer. We are an entrepreneurial organization that excels at customizing solutions to fit the needs of our clients. As a trusted partner of many fintechs, we have a proven track record of providing tools and guidance so they can realize their success.
Today, Peoples Group has 455+ employees and operates nationally in Vancouver, Calgary, Toronto and Montreal. Our success comes from our employees who bring our vision and values to life. By valuing people, building relationships, and focusing on strengths, we execute with passion.
And we mean it. We live our vision and values every day by being Trustworthy, Willing, Creative. What does this look like? We believe everyone has strengths that make them unique and are their greatest opportunity for success. We focus on strengths, the strength of our employees, the strength of our customers and build from there.
Focusing on strengths allows our company to be best positioned to build on our other two values: Relationship Building and Passionate Execution. Working at Peoples has a community feeling, where people care about each other and display pride in their work. At Peoples, every employee, at all locations and levels, is empowered to make an impact and contribute ideas.