Who we are:
Fairstone Bank and its family of brands 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, EdenPark 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 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.
About the role:
Reporting into the SVP, Deputy CFO, this role will lead the capital management oversight and stress testing processes at the Bank. This would involve leading the ICAAP and Stress Testing programs for the Bank as well as Capital and Dividend planning activities across the organization. This role entails collaboration with senior stakeholders across various functions and requires strong expertise in BCAR guidelines and stress testing programs in line with the regulatory standards.
Key responsibilities:
- Lead the end-to-end Internal Capital Adequacy Assessment Process (ICAAP) including collaboration with Risk, Treasury, Financial Planning & Analysis and other stakeholders in accordance with the OSFI standards.
- Lead enterprise-wide stress testing and report to Enterprise-Wide Stress Test (EWST) Committee all relevant results, metrics and developments.
- Lead the OSFI mandated Macro Stress Test (MST) exercise including collaboration with all stockholders, modeling and submission of required information to the OSFI.
- Keep Recovery Plan and Capital Contingency Plan up to date including annual stress testing
- Oversee regulatory capital adequacy of the bank in accordance with BCAR guidelines and report the relevant metrics to the management and Capital Management Committee.
- Lead the regulatory capital and dividend forecast as part of the Annual Plan and quarterly Forecast exercises
- Manage dividend planning and analysis in line with the capital plan and current capital levels.
- Ensure all capital planning and stress testing processes are standardized, fully documented and comply with regulatory requirements and stay current with evolving regulations.
- Work with other departments including model validation, risk management, FP&A, Treasury and Operations to ensure alignment for all deliverables.
- Support strategic initiatives across the business as it relates to regulatory capital impact.
What we’re looking for:
- Experience with OSFI regulated Financial Services institution
- First hand experience of end-to-end ICAAP and MST process and Knowledge of OSFI’s BCAR regulations and ICAAP related guidelines
- Strong analytical, quantitative, and problem-solving skills
- Undergraduate/Master degree in Finance or Accounting and an MBA/CFA/CPA designation
- 5+ years’ experience with similar responsibilities
- Minimum 10 years of experience in the Financial Services industry
- Strong knowledge of Bank back-office systems
- Proficient in MS Office, specifically advanced skills in Excel
- Initiative-taking individual capable of adapting to change, managing multiple tasks, and continuously evaluating priorities to lead tasks/projects to completion
What you’ll love about working here:
- Award-Winning Culture: We’re proud to be recognized as a Great Place to Work Canada 2025 and one of Montreal’s Top Employers 2025 by 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 $140 000.00 - $160 000.00, 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 timeJob Type:Permanent
