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**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, Eden*Park* and 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 productsresidential and commercial mortgages, consumer deposits and GICs, credit cards, retail and automobile financing, personal loans and digital lendingwe 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 Canadas leading alternative lending bank. Home Trust Company has developed a track record of success as Canadas 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 were looking for:**Liquidity Risk Management* Lead, manage and provide day-to-day oversight on the Banks 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 changesInterest 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 productsSecuritization 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 Homes 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 securitizationFunds 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 assumptionsDeposit 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 Treasurys 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 companys 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 Treasurys Key Performance Indicator (KPI) and Key Risk Indicator (KRI) to internal risk groupInformation 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 #J-18808-Ljbffr