Manager, ALM (18 Month Contract)

Requisition ID: 245204

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

The role:

This role Contributes to the overall success of the Asset and Liability Management / Group Treasury globally ensuring specific individual goals plans initiatives are executed / delivered in support of the teams business strategies and objectives. Ensures all activities are compliance with governing regulations internal policies and procedures.

The incumbent is responsible for ensuring the weekly production of GAP NII EVE and KRD as well as supports Financial Note Disclosure reporting relating to Structural Interest Rate Risk.

The incumbent is responsible to maintain ALM dashboard monthly/weekly publishing to ensure Power BI up and running smoothly for data publishing and sharing. This includes continuous maintenance and improvement to all python utility programs Power BI data models and Power BI visual reports.

The incumbent is responsible for coordinating various stakeholders business lines and business partners (i.e. IT support) in regards with the ongoing data/system migration business/market-driven changes/projects (e.g. new products) research development and implementation of new analytics and methods to improve the Banks asset and liability management paradigm.

This role would also be responsible for coordinating and/or executing implementation for any new methodology new systems and processes applied to ALM reporting; identifying any user findings and raise these within the broader group in the Treasury function to ensure synergies and business requirements are optimized.

The incumbent will also work closely with other product groups and system owners (i.e. bank reporting sub-systems) to understand underlying information data and content available what the data means from a business/products perspective and how best to capture and aggregate all relevant data within the ALM framework.

Knowledge and understanding of regulatory requirements and challenges will also be required.

Mandates on SIRR reporting and analysis model/methodology/parameter/product analysis data management & system migration and process automation and involvement in various projects are shared with other managers of the team on a rotation-basis to ensure sufficient resource allocation and knowledge sharing.

Overtime should be anticipated at times during quarter-end and year-end reporting periods.

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

• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships systems and knowledge.
• Actively pursue effective and efficient operations of their respective areas in accordance with Scotiabanks Values its Code of Conduct and the Global Sales Principles while ensuring the adequacy adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational compliance AML/ATF/sanctions and conduct risk.
• Champion a high-performance environment and contributes to an inclusive work environment.
• Work with the team in preparing weekly reports of GAP NII EVE Stress Testing under B12 (IRRBB) KRD as well supporting Financial Note Disclosure reporting relating to Structural Interest Rate Risk.
• Manage analysis and reporting of Weekly NII&EVE sensitivity of Parent Bank to ensure compliance with business and regulatory requirements for SIRR/IRRBB. It also includes improvement of data quality and alignment of methodology/parameter assumptions from time to time analysis and reporting of main drivers of NII&EVE Weekly variance (off-balance sheet hedges wholesale funding bond investments).
• Support Maintenance and continuous improvement of automation python utility programs and Power BI data models to ensure accuracy and timeliness of data and dashboard sharing.
• Support the simulation and analytical processes for ALM/BSM through product research relevant variables analysis including consumer behavior impact under different interest rates and its application to income and value simulation; Execute the implementation onto the BancWare system and provide reasonableness assessment of the results.
• Perform impact tests and review reasonability of new parameters/model assumptions ensuring consistency with interest rate environment and business rationale.
• Support the measurement analysis and reporting of the regular net interest income simulations analysis and accompanying commentary. Ensure the reasonability of input assumptions (interest rate scenarios pricing and spread growth targets customer term preferences) and that the material variances between the interest rate scenarios are correctly identified and explained.
• Maintain an effective system of internal controls over the ALM reporting process identifying and documenting the risks and controls of key processes.
• Coordinate with key stakeholders and execute implementation of new models and methodologies for ALM reporting to ensure models are implemented as intended.
• Coordinate with key stakeholders and execute implementation of ALM reporting for any new data & processes system upgrade and market-driven transformation along with quality control and assurance.
• Identify any user findings for new methodologies/systems/processes and raise these within the broader group treasury to ensure synergies and business requirements are optimized.
• Work closely with other product groups and system owners (i.e. bank reporting sub-systems) to understand underlying information data and content available what the data means from a business perspective and how best to capture and aggregate all relevant data within the ALM framework.
• Work closely with business partners to identify address and provide solutions to the needs of the broader group for systems enhancements & integration data quality assurance and availability of product and customer information.

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

• Undergraduate University degree in Business Accounting/Finance or Computer Science.
• 3 years of work experience preferably in the Finance Industry Business Analyst experience an asset.
• Advanced-level skills in Excel SQL Python and Power BI are required.
• Related post-undergraduate degree/designation or on the way (such as CPA CFAFRM or MBA) an asset.
• Knowledge in ALM applications such as BancWare or QRM an asset.
• Self-starter with excellent analytical and problem-solving skills.
• Strong team player with excellent communication skills.
• Ability to multi-task attain deadlines perform well under pressure and change priorities as needed.

Whats in it for you

• A rewarding career path with diverse opportunities for professional development.

• A culture that promotes teamwork and cross-functional collaboration to achieve business goals. Inclusive workplace that values diversity of thought background and experience.

• An organization committed to making a difference in our communities for you and our customers.

• Opportunity to work with a very enthusiastic team that helps our clients by ensuring the Bank is able to continue to operate to deliver key business services.

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.