Treasury Consulting Analyst

Join a ChallengerBeing a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.We are a big (and growing) family. Overall, we serve more than 607,000 people across Canada through Equitable Bank, Canada's Challenger Bank™ and EQB Inc.’s majority owned subsidiary ACM Advisors. We have been around for more than 50 years. Equitable Bank's wholly owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than 6 million members. Together we have $119 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our EQ Bank platform (eqbank.ca) has been named the top Schedule I Bank in Canada on the Forbes World's Best Banks 2023, 2022, and 2021 lists.The WorkThe Treasury Consulting Analyst, SFM will be responsible for performing the Asset Liability Management (ALM) modeling for credit union clients across Canada. In 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% Execute client balance sheet simulations to generate results for interest rate risk position, profitability/liquidity, and capital projections. 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. 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 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 union’s 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. Provide Consultancy Services to credit union clients under senior team member guidance (as necessary/required). 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. Provide Support to Treasury Consulting Team on other Items – 30%Assist in under-writing applications for new or renewing credit union LOC product. Entails analyzing the credit worthiness of credit unions and making recommendations on extending lines to the credit unions. Assist in Treasury Consulting’s 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. Let's Talk About YouUniversity 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 union’s 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, VP’s, 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