Senior Analyst Credit Risk

7 days ago


Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time
Being 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.

Overall, we serve more than 607,000 people across Canada through Equitable Bank, Canada's Challenger Bank and EQB Inc.'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 ) has been named the top Schedule I Bank in Canada on the Forbes World's Best Banks 2023, 2022, and 2021 lists.

The Senior Analyst, Treasury Consulting, SFM is responsible for managing theAsset Liability Management(ALM) modeling for credit union clients across Canada.

They provide expert advice to credit union clients in the areas of interest rate risk (IRR), profitability, liquidity, and capital management.

This role will also provide support within the Treasury Consulting team in other activities related to model enhancement, training, client engagements, and liquidity advisory service to credit unions.

Measurement, Analysis, and Reporting of Interest Rate Risk, Profitability, Liquidity, and Capital metrics – 70%

Assess and analyze simulation results while providing recommendations to senior management of credit union clients

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).

Apply knowledge to provide credit unions guidance or recommendations on management of interest rate risk metrics, profitability, liquidity, and capital management.

Provide timely measurement of interest rate risk and enhance reporting to support effective decision making.

Execute higher value/more complex client balance sheet simulations to generate results for interest rate risk position, profitability/liquidity, and capital projections.

Consult with clients to collect, adjust, or enhance modeling assumptions.
Ensure accuracy and integrity of all data inputs and assumptions used to assess interest rate risk (IRR) exposures.
Back-test model results identify gaps and areas to improve assumption accuracy.
Comprehensive understanding of regulatory requirements in all provinces (LCR, NSFR, NCCF, etc). Provide Consultancy Services to Credit Union clients

Participate in Asset Liability Committee (ALCO) meetings with senior members of credit union organizations, providing insight into reporting results and recommendations.

Research applicable credit union regulatory environments so that one can either improve Treasury Consulting core services or identify new areas to assist our clients with.

Provide Support to Treasury Consulting Team on ad hoc Engagements – 30%
Support training of Finance Analysts. Assist/lead 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.

Assist with technology management, working with other departments to trouble shoot software or assist in the implementation of new technologies.

CFA, CPA, MBA).
~ Strong understanding of finance (fixed income products and derivatives, financial math) and treasury concepts (ie: 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 and loan market).
~ Advanced financial modelling and data management skills and creative problem-solving skills would be an asset. 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).
~ Superior technology skills with Excel (incl. Strong inter-personal skills and the ability to work with credit unions senior leadership (Executive's such as CFO's/CEO's, VP, Director)
~What we offer [For full-time permanent roles]
Medical, dental, vision, life, and disability benefits
Generous vacation policy, personal days and even a moving day
Virtual events to connect with your fellow colleagues
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.
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