Associate Director, ALM Analysis & Model Operations

Requisition ID: 245095

Join a purpose driven winning team committed to results in an inclusive and high-performing culture.

The role:

Be part of a dynamic and innovative analytics team where you will be directly involved in developing high performance models and analytical tools that support traders strategists and senior management in Scotiabanks head office Treasury unit. The Balance Sheet Management area brings together fresh ideas and perspectives to the projects we work on. Working within a top-tier Canadian bank treasury unit you will be in a unique position to learn all aspects of how the bank operates and your contributions will directly be used to provide truly valuable insights into management of the banks balance sheet and structural interest rate risk (SIRR).

As part of its mandate Group Treasury manages the banks liquidity and structural interest rate risk. As Associate Director ALM Analysis & Model Operations the incumbent will be responsible for development of in-house built models methodology frameworks and analytical solutions that support Group Treasurys hedging portfolio analytics and balance sheet forecasting models.

The Associate Director ALM Analysis & Model Operations position is ideal for someone who possesses a graduate degree (MBA or equivalent) together with a strong technical background from a quantitative field plus previous experience working in the financial industry. The successful candidate must have expert knowledge of quantitative financial modeling and the fixed income space with solid knowledge of interest rate market dynamics. The candidate will also bring a strong technical skillset with working experience using multiple programming languages and data management software. The ideal candidate will have a minimum of 5 years prior work experience within the field of quantitative finance.

The candidate thrives in a collaborative team environment building and enhancing internal relationships with partners in Trading Technology and Risk Management. He/she must be able to multi-task and demonstrate an ability to identify process improvement opportunities.

Is this role right for you In this role you will:

• Formulate propose and communicate with team members on structural interest rate risk methodologies on a product level and business line basis.
• Maintain source and develop resolutions for analytical data used by the Treasury model development trading and analysis teams.
• Utilize run and test sophisticated quantitative tools for balance sheet management and interest rate risk management and hedging purposes.
• Work closely with market-facing risk management and finance teams on the various analytical reporting and exposure measurement issues.
• Collaborate with peers on designing high level solutions strategy and assisting in completing cost/benefit analysis.
• Assist the team in proposing and communicating to management and business units on potential changes to products for ALM methodologies on both product-by-product and portfolio basis.
• Be a pro-active team player who demonstrates leadership skills and accountability and can efficiently deliver projects according to pre-agreed timelines and within budgetary constraints
• Responsible for maintaining and improving the efficiency and accuracy of automated processes that supportbalance sheet forecasting models and provide analytics to senior stakeholders
• Be a champion on the team for creating and maintaining very high standards and control protocols for process efficiency accuracy and delivering timely analytics to end users and implementing error-checking and reconciliation processes to ensure accuracy within the teams analytics.
• Supervise coach and review work submitted by junior staff.
• Apply industry/technical knowledge to provide solutions that increase business results and/or minimize risk regarding the integration across multiple systems.
• Provide timely analysis of balance sheet exposures and what-if scenario testing.
• Write implement test and utilize sophisticated quantitative models for hedging and ALM purposes.
• Present to other Treasury colleagues regarding new SIRR analytics and ALM methodology impact testing.
• Build strong partnerships and rapports with multiple Finance and infrastructure units to initiate the review testing and final implementation of new ALM analytics initiatives across the Bank.

Do you have the skills that will enable you to succeed in this role - Wed love to work with you if you have:

• Strong technical knowledge in programming languages and data management software including MATLAB Python SQL and Visual Basic.
• Advanced level of knowledge of interest rate market dynamics.
• Solid knowledge of financial and management accounting principles.
• Understanding and practical experience in Interest Rate Sensitivities.
• Strong presentation and communication skills both oral and written.
• Excellent analytical problem-solving conceptualization and strategic thinking skills.
• Ability to communicate technical and analytical concepts to a broad range of stakeholders.
• Minimum Masters-level degree in Business Financial Engineering or another highly technical disciplines (i.e. engineering physics or applied mathematics) with an undergraduate degree in physics engineering or computer science.
• Minimum 5 years of experience at a financial institution with direct prior work experience in interest rate products asset liability management and structural interest rate risk management.
• Previous model development experience and proven ability to assess interpret and implement financial theories concepts and models.
• Prior experience in computer programming (Python / MATLAB) and development of analytical tools with a solid understanding of statistics derivatives concepts as well as interest rate sensitive products would be an asset.
• Strong SQL skills with knowledge and experience in building ALM systems / processes.
• Creative problem solver and strong analytical skills.

Whats in it for you

• An inclusive & collaborative working environment that encourages creativity curiosity and celebrates success!
• We offer a competitive rewards package: Performance bonus Employee Share Ownership Program and Pension Plan Matching Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: for every future we help our customers their families and their communities achieve success through a broad range of advice products and services including personal and commercial banking wealth management and private banking corporate and investment banking and capital markets.

At Scotiabank we value the unique skills and experiences each individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including but not limited to an accessible interview site alternate format documents ASL Interpreter or Assistive Technology) during the recruitment and selection process please let our Recruitment team know. If you require technical assistance please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however only those candidates who are selected for an interview will be contacted.