Avp, Balance Sheet Execution

5 months ago


Edmonton, Canada CWB Financial Group Full time

At

CWB

, we strive to build value for the people who choose us every day: our people, our clients and our investors. We do this by holding true to the values that guide us. We put people first and build relationships with intention. We seek out and embrace new ideas, knowing that better is always possible. We believe that how we do things is as important as what we do. And we harness the power of inclusion. Our culture is who we are and how we show up - as individuals and as a team - to accomplish our strategy.

Role Specifications

Everyday flexibility. Hybrid work environments. On-site requirements. Collaborative connections.

Location: Edmonton, AB, Vancouver, BC or Toronto, ON.

CWB is a bank built for business owners

Canadian Western Bank (CWB) is the only
_full-service bank_ in Canada with a strategic focus to meet the unique financial needs of businesses and their owners. Our teams take a
_ relationship-based_ approach to deliver a uniquely
_proactive client experience_ through highly
_personalized service, specialized expertise, customized solutions, and faster response times. _We provide full-service business and personal banking, nation-wide specialized financing in targeted industries, comprehensive wealth management offerings, and trust services.

Our highly engaged teams operate within a
_client-centric, collaborative, and change-ready culture, _with a core focus to achieve our vision to become the best full-service bank for business owners in Canada as we continue to transform our capabilities,
_united_ as one.

Inclusion has power.

Labels don’t matter here. But your perspective does.

Bring you. All of you. Blogger. Indigenous community member. Outdoor enthusiast. Data nerd. Ally. Nature photographer. Volunteer.

The opportunity

Our Treasury team plays a critical role by building out a sound infrastructure to support and maximize CWB’s balanced growth targets. We are seeking a focused and driven Assistant Vice President (AVP) of Treasury Balance Sheet Execution to form part of its leadership team. Reporting to the Sr AVP, Balance Sheet Execution and working closely alongside the SVP & Treasurer, the AVP will help to manage the bank’s consolidated balance sheet from an execution perspective with a special focus on interest rate risk, funding risk, and liquidity risk.

The AVP, Balance Sheet Execution will play an integral role in the day-to-day management of investment portfolios ~$4bn and derivative books ~$9bn including authorization to execute derivative and fixed income trades in line with the relevant internal policies. As part of the balance sheet execution team, they will be responsible to generate trade ideas, hedging and asset allocation strategies while being mindful of overall balance sheet, internal metrics, and external market dynamics.

Areas of focus

Balance Sheet Management- Actively analyze and monitor the fixed-income liquidity portfolio ~$4bn with a special focus on interest rate risk, funding risk, and liquidity risk- Monitor the bank’s interest rate risk by regularly examining balance sheet movement and financial market development and based on internal metrics such as Duration of Equity (DoE) and GAP.- Help manage GAP and DoE through thoughtful execution, strategies, and outlook, using the liquidity portfolio and derivative instruments.- Help measure and hedge risk related to optionality on the bank’s balance sheet.- Ensure execution of trades in line with prescribed limits and policies for both liquidity portfolio and derivatives.- Assist with the development and refinement CWB’s hedge accounting practice to bolster the bank’s capability to efficiently and effectively hedges interest rate risk- Support the development of hedging strategies that will be used to minimize P&L volatility including management of exposures related to various asset origination and funding programs, such as commitment pipeline, securitization, and capital market issuance.- Support the management of funds transfer pricing framework.- Assist the ongoing refinement of CWB’s front-to-back processes for settlement, MTM (mark to market), P&L and collateral management.- Assist with the bank’s regulatory/compliance activities for derivative and fixed income trading.- Provide support in the management of daily funding and liquidity needs of the bank through trading money market products, including overnight and short-term fixed-income products and FX derivatives.- Responsible for ensuring counterparty limits are following the liquidity portfolio and communicate regularly with Credit Risk Management.

Thought Leadership & Reporting- Provide own thoughts and views to the other senior Treasury members with respect to macroeconomic and market development.- Act as a trusted source for independent and authentic thinking on macroeconomics, geopolitics, and markets.- Provide accurate and insightful reporting at monthly ALCo meetings.- Provide guidance and advice for the FTP process



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