Our Story & Purpose:
We’re Vancity, a member-owned credit union built on the principles of inclusion and social justice. Since 1946, our relentless commitment to these values has helped us challenge the status quo and break down barriers. We’ve made bold commitments to become net-zero by 2040 across all mortgages and loans, and we’re actively pursuing strategies in Indigenous banking and financial resilience for our members.
As the largest private sector Living Wage Employer in Canada, we’re proud to be consistently recognized as one of the country’s Top Employers. If you’re ready to join our team of 2,300 diverse individuals, access competitive rewards and benefits, and be part of a greater movement - apply today!
Your Role in Supporting Our Members:
As a Senior Consultant, Capital and Reserve Management, you will play a critical role within our Finance Division and Treasury Department, ensuring Vancity maintains a prudent, resilient, and optimized balance sheet. You will lead the development, analysis, and operation of capital and reserve models, support regulatory ICAAP processes, and translate complex financial, regulatory, and macroeconomic data into insights that guide executive and Board‑level decision-making.
We’re looking for a highly analytical, detail‑oriented finance professional with deep expertise in capital adequacy, credit loss allowance modeling, and risk quantification within a financial institution context.
This is a Full-time, Permanent role based at our Vancity head office and will report directly to the VP, Treasury. While this position provides a hybrid work arrangement, you will be expected to be on-site for events and business demands.
How You'll Make an Impact:
- Leading the development, enhancement, and maintenance of capital and reserve models that quantify organizational risk
- Supporting OSFI and BCFSA regulatory ICAAP processes and producing capital-at-risk assessments for Pillar 1 and 2
- Incorporating financial, accounting, and macroeconomic inputs into risk and capital models to enable credible reporting
- Identifying balance sheet exposures and interest rate risks and providing recommendations within the enterprise risk framework
- Performing scenario analysis and stress testing to inform capital adequacy and business decisions
- Determining appropriate loan loss allowances according to IFRS standards and maintaining related financial controls
- Providing accurate and timely management reporting and subject‑matter expertise to internal stakeholders
- Collaborating across Finance, Risk (2nd LOD), Credit Risk, Enterprise Risk, Liquidity, Visa, and other business areas to support integrated risk management
What You’ll Bring to the Team:
- Bachelor’s degree in Finance, Accounting, Economics, Mathematics, or related discipline
- 5+ years of experience in treasury, capital management, enterprise risk, financial modeling, or related areas within a financial institution
- Strong knowledge of OSFI and/or BCFSA capital adequacy frameworks, ICAAP, and regulatory expectations
- Experience developing or maintaining capital, risk, or credit loss (ECL) models
- Proficiency with IFRS and financial controls related to loan loss allowances
- Advanced analytical and quantitative skills, with experience applying macroeconomic and financial assumptions to modeling
- Strong communication skills to translate complex financial concepts for executive and Board audiences
Extra Skills That Set You Apart:
- Professional designations such as CPA, CFA, FRM, or similar
- Experience with scenario analysis and stress testing methodologies
- Familiarity with credit union or bank balance sheet structure and associated risk drivers
You’ll Thrive Here If You Are:
- Analytical – Skilled at interpreting complex financial data and identifying meaningful insights to guide decisions.
- Detail‑oriented – Able to maintain accuracy and rigor in model development and reporting.
- Collaborative – Effective working across diverse teams and subject-matter groups.
- Strategic – Able to understand the enterprise-level impact of capital and risk modeling.
We value lived experience, so if you are interested in this role, we encourage you to apply even if you feel your skills don't perfectly align with those listed.
What You’ll Earn:
This role offers a salary range of $86,400 to $101,600 per annum. The base pay offered may vary depending on factors such as relevant qualifications, skills, previous experience, and internal equity. As part of our total rewards package, employees may also be eligible for our annual incentive program, subject to program eligibility requirements.
Why You’ll Love Working Here:
A career at Vancity is more than just a job, you’re joining a tradition of change-makers who are creating lasting change for our communities. Beyond base pay, we offer a comprehensive total rewards package to ensure our employees are empowered to thrive:
- Living Wage Employer: We’re the largest private-sector Living Wage Employer in Canada and consistently ranked among Canada’s Top Employers.
- Customizable Benefits: Permanent employees receive flexible benefit packages that can be tailored annually to meet evolving needs.
- Generous Vacation: New employees start with 3-4 weeks of vacation per year, with additional days earned over time.
- Extra Stat Holidays: In addition to BC’s 11 statutory holidays, we offer 2 extra days, plus care days for personal or family illness.
- Immediate Health Coverage: Health and dental benefits begin on your hire date, with three levels of coverage to choose from.
- Defined Benefit Pension: Our retirement plan provides a guaranteed income for life, recognizing that retirement looks different for everyone.
Vancity Talent Programs:
Vancity supports an inclusive hiring process for candidates who self-identify as Indigenous, Black, or Trans. With special permission from the BC Human Rights Commissioner, this initiative provides access to career development opportunities, prioritized job screening, and feedback. Any information you choose to share will be stored securely and used only for recruitment and career development connected to this initiative, in line with the BC Personal Information Protection Act (PIPA). For details, please see our dedicated Talent Programs job posting.
At Vancity we’re committed to creating a welcoming and inclusive workplace to help our people and communities thrive and prosper. Diversity in our workforce is integral so that we can truly represent, understand and respond to our community needs and deliver on our member experience.
We are also committed to an inclusive, barrier-free and accessible recruitment experience for all candidates. If you require any accommodations or support at any stage of the recruitment process (including the application stage), we encourage you to let us know by contacting our Talent Acquisition team at recruitment@vancity.com. We’re here to work with you to ensure your needs are met promptly and effectively. All requests will be handled with the utmost respect and confidentiality, so you can participate fully in the process.
