Treasury Analyst

Being a traditional bank just isnt 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 whats 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 (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 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. 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. 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 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 Consultancy Services to credit union clients under senior team member guidance (as necessary/required). 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 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. 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. Strong inter-personal skills and the ability to work with credit unions senior leadership (General Managers, Senior Analysts, CFOs/CEOs, VPs, Directors). 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. The job is responsible for modeling the IRR exposure, profitability/liquidity/capital trends of credit union clients. 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. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire.

by Jobble

---