Strategic Cash Management Associate Director

4 weeks ago


Toronto, Ontario, Canada Scotiabank Full time

Role Overview

This role is accountable for assisting in ensuring business strategies, plans, and initiatives are executed and delivered in compliance with governing regulations, internal policies, and procedures.

The individual will develop a solid understanding of GCM business line strategies (Capital Markets and Business Banking) and with this knowledge assist in providing guidance to the Director, GBM Treasury on liquidity and funding risk mitigation and optimization.

Key Responsibilities

  • Support the Director, GCM Treasury, in managing capital, liquidity, and funding requirements associated with the business activity of GBM with the goal of optimizing balance sheet and funding utilization of the division.
  • Assist in collating relevant information from GT verticals including Liquidity and Funding Management to assess impact to key metrics such as stress testing, LCR, NSFR from the divisions' forecasted business activity and long-term strategic plans.
  • Assist the Director, GCM Treasury, in developing appropriate tools and internal reporting to monitor utilization allocated resources.
  • Identify opportunities to optimize the liability side of the broader GBM balance sheet.
  • Support the production and delivery of ad-hoc and strategic analysis/presentations to senior management with respect to capital, liquidity, and related metrics for individual businesses within the division.
  • Support the review of regulatory changes affecting funding and how they impact the GBM division and assist in liaising with the businesses on the internal application of these proposals.
  • Support the Director, GCM Treasury, with the Bank's Resolution Plan and other matters as required, e.g., Trade-book wind down.
  • Assist the Director, GCM Treasury, with the quarterly peer review of Funding and Liquidity metrics.

Requirements

  • Bachelor's degree in business, finance, mathematics, or economics is a must.
  • Master's degree, recognized Professional designation in a specialized area of finance or business (CFA/Accounting), is an asset.
  • 3+ years of experience in a related field Treasury, Liquidity Risk Management, or Treasury Strategy role at a bulge bracket bank.
  • In-depth knowledge of functions and activities including liquidity and funding risks associated with secured funding, prime brokerage, derivatives, and commitments products.
  • Proficiency in banking regulations (LCR, NSFR, NCCF) and sound practices (Basel, OSFI, etc.).
  • The ability to understand the regulatory environment in all regions and potential effects on investment, liquidity, structural risk, and ALM activities.
  • The ability to review balance sheet and business funding usage including forecasting.
  • Strong interpersonal, organizational, and project management skills and an ability to work in a fast-paced environment with multiple priorities.
  • Superior communication skills with the ability to influence executives across the organization.

What's in it for you?

  • An inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success.
  • We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one.
  • Your career matters. You will have access to career development and progression opportunities.


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