Alm Analsyt
3 months ago
Laurentian Bank. Seeing beyond numbers
Building a better and different financial institution
Financial Benefits
Working Environment
Commuting and Travelling
Food and Drinks
Nice to have
Financial Benefits
Pension plan
Group Insurance
Stock purchase program
Mortgage, Line of Credit, Personal Loan, low interest rates
Incentive compensation
Seeing beyond numbers
At Laurentian Bank, we believe we can change banking for the better. Founded in Montreal in 1846, Laurentian Bank helps families, businesses and communities thrive.
Today, we have over 3,000 employees working together as One Team, to provide a broad range of financial services and advice-based solutions for customers across Canada and the United States.
We drive results by placing our customers first, making the better choice, acting courageously, and believing everyone belongs.This role sits within Laurentian Bank.
LI-Hybrid
LI-MM1
Key responsibilities of the Interest Rate Risk Analyst include interest rate risk modelling and reporting, helping to establish and maintain funds transfer pricing models, such as for loan prepayments and non-maturing deposits modelling.
This position will have exposure to the full range of activities performed by the Asset-Liability Management (ALM) team, including liquidity risk, interest rate risk analytics and Net Interest Income (NII) Forecasting.
This position reports to the Head of Asset Liability Management.Responsibilities
- Produced and monitored the interest rate risk exposure for Laurentian Bank.
- Developing tools to automate and streamline risk reporting processes, utilizing robust controls and consistent design to improve risk reporting transparency, granularity, accuracy and timeliness.
- Performs periodic NII Forecasts, Stress test scenarios and risk exposure analysis.
- Explains actual results and variations from forecasts.
- Performs periodic backtesting procedures to validate model assumptions and maintains documentation supporting ALM assumptions. Ensures that the documentation complies with model governance requirements.
- Collaborates with other teams such as Finance, Accounting and Risk in a variety of projects, including models related to Funds transfer pricing and risk modelling.
- Measures and reports the Laurentian Bank's exposure to the stockbased compensation program
- Stays up to date on best market practices and the regulatory governance framework for interest rate risk
Qualifications
- Master's degree in Finance, Economy, Accounting or equivalent
- Experience in ALM or Treasury within a financial institution would be an asset
- Understanding the Balance Sheet management would be an asset
- Excellent Knowledge of Microsoft Office, including VBA Coding. Other programming skills would be an asset
- Ability to work well with others in a fastpaced environment
- Excellent communication skills strong oral and written English and French
- CFA, FRM or other professional designations is an asset
Qualifications
Professional working proficiency in French and English languages required as position involves frequent written and oral communication on complex matters with internal and external parties in both languages.
What Laurentian Bank has to offer you
The total compensation offered by Laurentian Bank encompasses a comprehensive range of benefits, highlighting our commitment to the well-being and success of our employees.
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Total compensation: Earn a comprehensive compensation package that includes annual reviews and performance-based bonuses.
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Work model: We prioritize a hybrid work model based on business needs.
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Stock purchase plan: Become not just an employee, but a Laurentian Bank shareholder. Employer matching takes your investment even further.
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Time off: In addition to paid vacation, we provide floating days and leave options to accommodate the diverse needs of our employees.
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Health and wellness: Take care of your health and well-being with access to healthcare professionals, our Employee and Family Assistance Program (EFAP), and a Stress Management and Well-Being Program.
- Group insurance and pension: We offer a competitive insurance program based on your family's needs and a defined contribution pension plan to help prepare for your future.
Financial benefits:As a Laurentian Bank employee, you're also the best ambassador for our products and services. Take advantage of employee-only offers on a wide range of products. Enjoy exclusive deals and preferred rates on products and services including insurance, hotels, train tickets, spas and many more.
We are committed to creating a fulfilling professional environment where your skills are valued, and your well-being is a priority.
Inclusion and Accessibility
We strive to offer
