Associate, Retail Banking and Global Wealth Management Treasury Specialist
4 weeks ago
Key Responsibilities:
- Support the Retail Banking & Global Wealth Management Treasury team in managing financial transactions, capital, liquidity, and funding requirements to optimize balance sheet and funding utilization.
- Collaborate with the Director, Retail Banking (CB) & Global Wealth Management (GWM) Treasury, to provide strategic direction on the optimal utilization of allocated capital, liquidity, and funding across sub-business lines and products.
- Assist in positioning the domestic balance sheet to meet customer demand, within market conditions, and to maximize business line return on allocated capital and earnings, within internal and regulatory constraints.
- Monitor and challenge the business line's balance sheet to ensure actions taken produce the appropriate and expected results, using key metrics such as Net Interest Margin, Wholesale Funding Utilization, Liquidity Risk, and ALM activities.
- Identify and execute opportunities to optimize the Balance Sheet of the broader Bank/Retail Banking/GWM.
- Monitor business line customer pricing against FTP and WSF levels to guide business line strategy.
- Support the delivery of ad-hoc and strategic analysis/presentations to senior management regarding capital, liquidity, and related metrics for individual businesses within the division.
- Support the review of regulatory changes through a Treasury lens and their impact on Retail Banking & GWM business units, and assist in liaising with businesses on internal application of these proposals.
- Provide project management support by evaluating progress, liaising with groups to identify and resolve issues, and ensuring objectives are met or surpassed.
- Support Bank-wide initiatives such as ESG and DEI.
- Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
- Actively pursue efficient operations in accordance with Scotiabank's Values, Code of Conduct, and Global Sales Principles, ensuring day-to-day business controls meet obligations regarding operational, compliance, AML/ATF/sanctions, and conduct risk.
- Champion a high-performance environment and contribute to an inclusive work environment.
Requirements:
- Bachelor's degree in business, finance, mathematics, or economics.
- Master's degree or recognized Professional designation in a specialized area of finance or business (CFA/Accounting) is an asset.
- Experience in a related field, Treasury, Liquidity Risk Management, or Treasury Strategy role at a bulge bracket bank.
- Understanding of CB and GWM business line products and FTP methodologies.
- Knowledge of functions and activities, including liquidity and funding risks associated with secured funding, prime brokerage, derivatives, and commitments products.
- Awareness of banking regulations (LCR, NSFR, NCCF) and sound practices (Basel, OSFI, etc.).
- Ability to understand the regulatory environment in Canada and consider potential effects on investment, liquidity, structural risk, and ALM activities.
- Ability to review balance sheet and business funding usage, including forecasting.
- Proficient at Microsoft Excel (modelling, analysis, forecasting) and PowerPoint (presentations to senior management).
- Results-driven with the ability to deal with complex issues.
- Strong interpersonal, organizational, and project management skills, with the ability to work in a fast-paced environment with multiple priorities.
- Superior communication skills with the ability to influence executives across the organization.
What We Offer:
- An inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success.
- A competitive rewards package, including performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one.
- Career development and progression opportunities.
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