Treasury Consulting Analyst
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Job Location:
Monthly Salary:
Posted on:
18 hours ago
Vacancies:
1 Vacancy
Job Summary
Join a Challenger
Being a traditional bank just isnt our thing so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.
How do we get there With a talented team of inquisitive and agile challengers that break through the status quo. So if youre passionate about redefining the future of bankingwhile having funthis could be your next big opportunity.
Our company continues to grow and today we serve more than 780000 customers acrossCanadathrough Equitable BankCanadasChallenger Bank and have been around for more than 50 years. Equitable Banks wholly-owned subsidiary Concentra Bank supports credit unions acrossCanadathat serve more than six million members. Together we have over$138 billionin combined assets under management and administration with a clear mandate to drive change in Canadian banking to enrich peoples customers have named our EQ Bank digital platform () one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.
The Work
The Treasury Consulting Analyst SFM will be responsible for performing the Asset Liability Management (ALM) modeling for credit union clients across this role the Consulting Analyst works with credit unions to develop appropriate assumptions pertaining to balance sheet forecasts rate movements and other applicable areas to run the ALM modeling for client portfolios. The analyst provides professional advice to credit union clients in the areas of interest rate risk (IRR) profitability liquidity and capital management.
The Treasury Consulting Analyst SFM also provides support to the Treasury Consulting team in other activities related to model enhancement training client engagements or other product lines such as the weekly interest rate bulletin credit underwriting for credit union foreign exchange forwards and lines of credit (LOCs) and liquidity advisory service to credit unions.
The core parts of your role would be to:
- Measurement Analysis and Reporting of Interest Rate Risk Profitability Liquidity and Capital metrics 70%
- Back-test model results to identify gaps and areas to improve assumption accuracy.
- Consult with clients to collect adjust or enhance modeling assumptions.
- Develop and input key assumptions into simulation model while ensuring accuracy and integrity of all data inputs and assumptions used to assess interest rate risk (IRR) exposures.
- Modify any input/output processes to accommodate new products or attributes for client models.
- Manage the IRR modeling process to accommodate changes to behavioral assumptions and any new products or features being introduced; tweak model setting and develop new reporting as needed to analyze results.
- Continually explore opportunities to enhance existing processes to increase operating efficiencies and shorten reporting timelines.
- Basic understanding/knowledge of regulatory requirements in applicable provinces (LCR NSFR NCCF etc.) and the ability to forecast results to support credit union management in strategic decision making.
- Provide oversight of IRR reporting to ALCO the Board and for regulatory purposes through written reports utilizing Microsoft Word outlining results of model.
- Assess how credit unions IRR position has changed between models by utilizing key metrics such as earnings at risk (EAR) and economic value of equity (EVE).
- Evaluate credit unions changing profitability liquidity and capital position while identifying key drivers of change (rates balance sheet trends etc.).
- Apply knowledge to provide credit unions guidance or recommendations on management of IRR metrics profitability liquidity and capital management.
- Provide timely measurement of IRR and enhance reporting to support effective decision making while providing support for forward-looking discussions within ALCO; ensure integrity of results and provide insights into results and explanation of drivers of change.
- Organize and facilitate debriefing calls with clients to review report findings recommendations and address questions.
- Participate in credit union Asset Liability Committee (ALCO) meetings with support of senior members of Treasury Consulting team.
- Develop forward looking rate or balance sheet scenarios to assess impacts to the credit union.
- Assist in underwriting applications for new or renewing credit union LOC products. Entails analyzing the credit worthiness of credit unions and making recommendations on extending lines to the credit unions.
- Assist in Treasury Consultings Liquidity Advisory Management Product. This entails working independently or with another member of the Treasury Consulting team to assist credit unions on ways to deploy excess liquidity (recommendations on statutory liquidity portfolios and managing daily cash positions).
- Assist with technology management working with other departments to trouble shoot software or assist in the implementation of new technologies.
- Continuously update knowledge of markets economic conditions and trends that may affect credit union balance sheets.
Execute client balance sheet simulations to generate results for interest rate risk position profitability/liquidity and capital projections.
Assess and analyze simulation results while providing recommendations to senior management of credit union clients. Recommendations are provided under the guidance of senior SFM team members.
Provide Consultancy Services to credit union clients under senior team member guidance (as necessary/required).
Provide Support to Treasury Consulting Team on other Items 30%
Lets Talk About You!
- University education with a focus on Finance/Accounting or Business. Enrollment in a program such as CFA CPA or MBA would be beneficial.
- Treasury experience would be an asset but individuals with a background within the financial industry may also be successful.
- Relative understanding of finance and treasury concepts (i.e.: general structure of bank/credit union balance sheets deposit and loan products general accounting concepts).
- Individual must have a keen personal interest in economic and financial environment (i.e.: knowledge of monetary/fiscal policy general interest rate environment deposit/loan market).
- Financial modelling and creative problem-solving skills - must have an analytical aptitude and be detail oriented.
- Key to success is effective research and analysis capabilities (i.e. the ability to analyze information to determine trends correlations and understand different regulatory environments).
- Strong technology skills with Excel and Word are necessary.
- An ability to work independently or collaboratively is required.
- Individual should be inquisitive self-motivated and have good time management skills.
- Strong inter-personal skills and the ability to work with credit unions senior leadership (General Managers Senior Analysts CFOs/CEOs VPs Directors).
Job Complexities / Thinking Challenges
- Requires a high degree of professional relationship skills as this role works with senior-level individuals within the credit union system (Executives VPs Directors).
- Interest Rate Risk is a very specific area of expertise. The job requires a willingness to learn and expand on IRR knowledge and credit union balance sheet / product specifics.
- Ability to interpret results for IRR measures profitability liquidity and capital and make recommendations to enhance these areas without compromising others.
- Candidate will work with outside sources for information modeling outputs and spreadsheets that show revenue/expenses net present value results and balance sheets. An understanding of these concepts is necessary.
- Job demands a very detail-oriented person who has a methodical approach and is a strong problem solver and self-teaching. Candidate must be proactive with co-workers and/or external resources to solve problems.
- The job is responsible for modeling the IRR exposure profitability/liquidity/capital trends of credit union clients.
- The role has some procedural based activities related to model input although most of the work is not procedure based and requires flexibility/critical thinking to develop written report that details strategy/recommendations pertaining to IRR profitability/liquidity/capital.
What we offer For full-time permanent roles
Competitive discretionary bonus
Market leading RRSP match program
Medical dental vision life and disability benefits
Employee Share Purchase Plan
Maternity/Parental top-up while you care for your little one
Generous vacation policy and personal days
Virtual events to connect with your fellow colleagues
Professional development and comprehensive Career Development program
A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyones diverse experiences and tandem with that commitment we support and encourage our staff to grow not just in their career path but personally as well.
We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We cant wait to get to know you!
Required Experience:
IC
Key Skills
- Compliance Management
- Customer Retention
- Quality Assurance
- Customer Service
- Extensive Knowledge
- Account Management
- Front Office
- Telephone Calls
- Needs Analysis
- Cold calls
- Business Relationships
- Customer Complaints
- Sales Goals
- Sales Process
- New Clients
About Company
At Equitable Bank, we specialize in providing branchless financial services that meet the unique needs of all Canadians. Our range of mortgages, savings accounts and investment options are designed to offer the right solutions to match any unique circumstance.
