Treasury Director

4 weeks ago


Ottawa, Ontario, Canada Alterna Full time
Director of Treasury

The Director of Treasury plays a critical role in overseeing treasury operations and providing strategic leadership to the Treasury group at Alterna Savings. This position is responsible for the overall direction, coordination, and evaluation of the treasury department, ensuring alignment with corporate goals and objectives.

Key Responsibilities:
  • Liquidity and Funding Management: Oversee all liquidity trades, including repo, warehouse financing, and overnight deposits, to maintain a fully invested cash position in accordance with relevant policies.
  • Cash and Investment Portfolio Management: Foster technology adoption and drive operational excellence while working with external consultants on managing interest rate risk.
  • Asset Liability Management: Ensure Alterna Savings is in compliance with various risk metrics and takes action when the environment changes.
  • Profitability Management: Work closely with product managers to manage current and future demands of products and services, based on historical trends and cycles, and expected changes in business methods.
  • Mortgage Acquisition: Oversee the pipelines of various business lines and ensure competitive positioning, providing recommendations based on current needs of the organization.

The Director of Treasury will work closely with various department heads across the organization, including Enterprise Risk Management, Information Technology, Compliance, and be comfortable presenting and challenging status quo on various recovery and resolution scenarios. This role is accountable for various corporate-level reporting, risk analysis, and recommendations in the areas of their responsibility as required to the Asset Liability Committee (ALCO) and to the Executive Leadership Team.

Requirements:
  • Professional accounting or financial certification or degree, such as CFA/MBA/CA/CMA/CGA.
  • 8+ years of Treasury experience in a similar Management role.
  • 5+ year experience in data management, data analytics, trend analysis, and report production, developing and implementing modelling systems.
  • Knowledge of the Credit Union and Caisses Populaires Act, Bank Act, and other regulatory requirements (OSFI Guidelines, FSRA By-Laws).
  • Advanced knowledge of treasury management principles, practices, and techniques.
  • Working knowledge of International Financial Reporting Standards (IFRS) related to financial instruments.
  • Strong fundamental understanding of bank profitability, key drivers of risk and return, and the impact of external trends or industry regulation.

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