Director, Financial Risk

General Bank of Canada is a Schedule 1 Chartered bank headquartered in Edmonton, Alberta, and part of the Wheaton Group. Our journey began in the 1950s with an entrepreneurial spark that has grown into one of Canada’s fastest-growing small banks, delivering innovative financing solutions across automotive, aviation, and commercial sectors.

At GBC, our core values of Trust, Discipline, People-Centric Approaches, and Innovation drive every decision we make. We leverage our nimble structure to pioneer forward-thinking banking solutions in the digital era. Proudly certified as a Great Place to Work for six consecutive years, we’re dedicated not only to transforming banking but also to making real impact in the communities we serve. Since 1969, our ongoing partnership with United Way has fueled volunteer initiatives, fundraising, and community programs that truly change lives. When you join our team, you’re contributing to a future where innovation and community go hand in hand. We love it here and know you will too!

The Opportunity

General Bank of Canada is looking for a permanent, fulltime Director, Financial Risk to join as a key contributor with the Bank’s Risk, Security & Compliance team. Consistent with the growth trajectory of the Bank, this is an excellent opportunity for the right individual to contribute to building the Bank of the future with considerable potential for learning, growth, and advancement.

The Director, Financial Risk is a critical leader in the dynamic second line of defense and a key partner to the leadership team. This position is responsible for ensuring prudent risk management and enabling informed risk-taking with credit risk, liquidity risk, and capital management. A critical outcome will be to advance the financial risk capabilities, modelling, policies and culture to enable sustainable strategic growth as well as create an adaptive credit risk management function, enhancing policies, models, and portfolio monitoring.

Position Responsibilities

Credit Risk

In partnership with Commercial and Retail Lending teams:

• Develop credit risk policies, limits, and standards-aligned to the Bank’s business strategy and risk appetite.
• Modernize and oversee credit underwriting, portfolio monitoring, stress testing, and credit risk modelling.
• Provide independent review and challenge of credit proposals and lending decisions.
• Monitor portfolio concentration risk across industries, sectors, and regions.

Liquidity Risk

• Develop market and liquidity risk frameworks, limits, controls, and reporting.
• Oversee interest rate risk, foreign exchange risk, liquidity risk, and investment risk.
• Conduct stress testing, scenario analysis, and contingency funding planning.
• Advise on financial risk implications of new products and activities.

Capital Management

• Oversee capital planning, forecasting, stress testing, and capital allocation. Provide advice on optimizing capital utilization and returns.
• Review and validate the risk components of the RAROC model, including probability of default, loss given default, volatility, and correlations.
• Provide constructive second-line concurrence/challenge to capital models, risk-weighted asset calculations, and regulatory reporting.
• Advise on capital impacts of strategic initiatives and business decisions.
• Own and oversee the ICAAP process.

Risk Analytics and Modelling

• Design, evolve and continuously improve financial Risk Models.
• Promote and support the adoption of AI/ML techniques for financial risk management.
• Design innovative visualizations and interactive financial risk reporting tools.
• Perform financial modelling and valuations for risk management.

What You Bring to the Table

The Director, Financial Risk is an individual contributor position which requires the expertise of a senior professional who is required to individually own and execute the outlined responsibilities. The successful candidate is an individual who is willing to be hands-on and complete this work independently without a dedicated team or individuals to support the required outcomes.

Required Qualifications

• Significant experience working in complex environments, with a proven track record of developing, enhancing, and successfully operating risk or related programs and capabilities.
• Post-secondary education in a related discipline such as Finance or Economics.
• Accomplished strategic leader, decisive who builds durable relationships to influence and drive change.
• Excellent communication and relationship-building skills.
• Ability to distill complex issues into clear insights and recommendations.

Preferred Qualifications

• Post-graduate education is an asset.
• Chartered Financial Analyst (CFA) designation or in progress.
• Experience liaising with financial regulatory bodies and applying relevant compliance standards.

Position Details

• Status: Permanent, fulltime
• Workplace Model: In-Office
• Location: Edmonton, Alberta
• Working Conditions: Office Environment with the ability to work remotely if required.
• Compensation: The salary range for this position is $143,761 to $215,642. Compensation is commensurate with qualifications.
• Posting Deadline: Posted until filled.

What GBC Brings to the Table

At General Bank of Canada, we offer more than just a paycheque. We provide the opportunity to build your career and elevate it to new heights. Our compensation package includes base salary, group benefits and a matched retirement savings plan program.

Our group benefits ensure you and your dependents are covered for extended health, dental, and vision care. We also provide flexible spending accounts, replenished annually, to help cover additional medical and wellness expenses. Recognized as one of the Best Workplaces for Mental Wellness in 2025, we take mental health seriously. That's why we offer additional coverage for mental health practitioners and a dynamic employee assistance program.

As an employee, you can expect more than just our competitive compensation package, comprehensive group benefits, and matched retirement savings plan. We also offer the following:

• Generous paid time off to promote healthy work-life harmony.
• Collaborative work environment where your voice and opinions are valued.
• Exclusive employee perks which include discounts for various products and services.
• Beautiful downtown office location with an onsite gym and Edmonton’s best rooftop patio.
• Engaging social events each month, offering unique experiences and opportunities to connect with colleagues, meet new people and enjoy some fun.
• Professional development and tuition support to help you advance your career.
• Welcoming teams that celebrate diversity and prioritize inclusion.
• Give back to your community. As a proud partner of the United Way, we offer numerous initiatives throughout the year for you to get involved and make a meaningful impact.
• Make an impact. Join one of our employee-led committees to develop leadership skills, expand your network and contribute to our strong corporate culture.

How to Apply

We invite you to apply directly through our Careers portal at generalbank.ca/careers. If you require additional assistance, you can contact us at HR@generalbank.ca. While we appreciate all applications, only candidates selected for further consideration will be contacted directly.

At General Bank of Canada, we believe that that diversity drives innovation and fosters a culture of inclusion. We are proud to be an equal-opportunity employer, dedicated to creating a welcoming and supportive environment for all employees. We are committed to building a diverse and inclusive workforce that mirrors the rich diversity of our communities and customers.

We believe that accessibility is a fundamental aspect of our commitment to diversity, equity, and inclusion. Our goal is to ensure that every candidate has an equal opportunity to succeed during the interview process, and we will work with candidates requiring accommodations. If you require an accommodation, please reach out to our HR team directly (HR@generalbank.ca).

We welcome and encourage applications from individuals of all backgrounds and abilities, including those who are underrepresented in the financial services industry. We do not discriminate based on race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or any other legally protected status.