About Vancity
Vancity is a memberowned credit union built on the principles of inclusion and social justice. A relentless commitment to their values has helped them challenge the status quo and break down barriers since day one in 1946. They have bold commitments to make Vancity netzero by 2040 across all mortgages and loans and are pursuing strategies on Indigenous banking and to improve the financial resilience of their members.
Vancity is the largest private sector Living Wage Employer in Canada and has been consistently recognized as one of the Top Employers in Canada. If youre interested in joining their team of 2700 diverse individuals and accessing competitive rewards and benefits all while knowing you are part of a greater movement then apply today!
About the workplace
As a Senior Analyst Treasury Funding and Operations you will be responsible for demonstrating effective price discovery trade and valuation of interest rate swaps bond forwards and FX derivatives to support Treasury approved strategies. The Sr. Analyst should have an expert knowledge on macroeconomic trends along above average communication skills to translate market developments into Treasury actions.
This is an 18month contract role that will enjoy hybrid working arrangements which can be fulfilled primarily from the Vancity head office location and your Lower Mainland based home office. This role may require you to work inoffice at least once a week.
A typical day would involve:
- Monitor all capital markets as presented in the Board policies and leverage indepth
- knowledge/understanding of these sectors to enable timely /hedging of FX trades interest rate swaps and bond forward transactions. Transact in alignment with portfolio objectives that mitigate negative market/balance sheet implications while maintaining an understanding of their marktomarket positions to protect/preserve value.
- Produce daily economic commentaries to a list of prescribing members. Act as a primary
- resource person to all lines of businesses for macro economic forecasts. Specifc area of
- expertise to include insights to Foreign Exchange Interest rates and Bond rates.
- Monitor and deploy cash management and funding transactions in realtime and in alignment with Vancitys liquidity needs.
- Produce regular/ondemand data support analytics and reporting of cash ow forecasts hedging transactions and IR/FX derivative positions to enable better decision making in the management of Treasury portfolios and related activities.
- Foster and maintain strong relationships with counterparty correspondent banks and external stakeholders (i.e. CMHC and Central1 in support of Vancitys liquidity interest rate and foreign exchange hedging objectives.
- Provide technical coaching guidance and support to the Treasury Risk and Trading team.
- Oversight and of securitization activities including but not limited to the issuance and management of Commercial MortgageBacked Securities (CMB) and MortgageBacked Securities (MBS) pools as well as the administration of Vancitys counterparty credit facilities. The successful candidate will also be accountable for maintaining the system of record relied upon by accounting to ensure the integrity and accuracy of asset and liability data which is essential for financial reporting and strategic decisionmaking.
You have:
- Bachelors degree in Finance Economics Business Administration or a related field.
- CFA designation is preferred.
- Minimum 5 years of relevant experience in capital markets treasury operations or financial analysis with demonstrated expertise in interest rate swaps bond forwards and FX derivatives.
- Deep understanding of macroeconomic principles and trends with the ability to translate complex market developments into actionable Treasury strategies.
- Strong working knowledge of capital markets liquidity management and risk mitigation techniques.
- Proficiency in producing economic commentary and financial reporting for diverse audiences including senior leadership and crossfunctional business units.
- Experience with realtime cash management and funding strategies aligned with organizational liquidity requirements.
- High proficiency in Microsoft Excel and financial modeling
- Experience with treasury systems or analytical tools (e.g. Bloomberg Reuters Calypso or similar) is an asset.
- Exceptional communication and interpersonal skills with the ability to act as a resource and thought partner for internal stakeholders.
- Strong organizational and analytical skills with keen attention to detail and the ability to manage multiple priorities in a fastpaced environment.
You are:
- Resultsoriented You have a demonstrated ability to engage stakeholders in order to conduct diagnosis analyze findings generate appropriate options and build deliverables all while securing their commitment to these solutions in a timely manner.
- Analytical You seek to facilitate datadriven decision making including rolling up your sleeves to collect data research and build models.
- A problem solver Your skills to diagnose challenges and issues develop innovative business solutions and assess risks and opportunities that may affect the business have been put to good use.
We value lived experience so if you are interested in this role we encourage you to apply even if you feel your skills dont perfectly align with those listed.
The salary range for this role is $81200 to $122000 annually. 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.
Posting Deadline: Posted until filled
A career at Vancity is more than just a job youre joining a tradition of changemakers 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:
We offer:
- We are the largest privatesectorLiving Wage Employerin Canada and have been consistently recognized as one of theTop Employers in Canada.
- Our permanent employees qualify for attractive benefit packages that can be customized and changed each year to meet their evolving needs.
- New employees receive between three to four weeks of vacation allowance per calendar year and the number of vacation days grows
- In addition to the 10 statutory holidays in British Columbia Vancity provides an additional three statutory holidays. We offer care days for periods of shortterm personal illness or emergency family illness.
- We have flex credits for our health care & dental benefits offer three levels of coverage for you to select from. These benefits will also be effective immediately based on your hire date.
- We understand that retirement means different things to different people and at Vancity we will offer you a Defined benefits pension plan that pays you a retirement income for life.
At Vancity were 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 committed to providing an inclusive and accessible recruitment experience for all candidates. If you require any accommodations at any stage of the recruitment process please reach out to our Talent Acquisition team at for confidential support. Inperson assistance is also available. We will collaborate with you to ensure your needs are met promptly and effectively.
Required Experience:
Senior IC