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Associate Director, ALM Analysis

22 minutes ago


Toronto, Canada Scotiabank Full time

Is this role right for you? In this role, you will: Formulate, propose, and communicate with team members on structural interest rate risk methodologies on a product level and business line basis. Maintain, source, and develop resolutions for analytical data used by the Treasury model development, trading, and analysis teams. Utilize, run, and test sophisticated quantitative tools for balance sheet management and interest rate risk management and hedging purposes. Work closely with market-facing, risk management, and finance teams on the various analytical, reporting and exposure measurement issues. Collaborate with peers on designing high level solutions strategy, and assisting in completing cost/benefit analysis. Assist the team in proposing and communicating to management and business units on potential changes to products for ALM methodologies on both product-by-product and portfolio basis. Be a pro-active team player, who demonstrates leadership skills and accountability, and can efficiently deliver projects according to pre-agreed timelines and within budgetary constraints Responsible for maintaining and improving the efficiency and accuracy of automated processes that support balance sheet forecasting models and provide analytics to senior stakeholders Be a champion on the team for creating and maintaining very high standards and control protocols for process efficiency, accuracy and delivering timely analytics to end users, and implementing error-checking and reconciliation processes to ensure accuracy within the team’s analytics. Supervise, coach, and review work submitted by junior staff. Apply industry/technical knowledge to provide solutions that increase business results and/or minimize risk regarding the integration across multiple systems. Provide timely analysis of balance sheet exposures and what-if scenario testing. Write, implement, test, and utilize sophisticated quantitative models for hedging and ALM purposes. Present to other Treasury colleagues regarding new SIRR analytics and ALM methodology impact testing. Build strong partnerships and rapports with multiple Finance and infrastructure units to initiate the review, testing, and final implementation of new ALM analytics initiatives across the Bank. Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:  Strong technical knowledge in programming languages and data management software, including MATLAB, Python, SQL, and Visual Basic. Advanced level of knowledge of interest rate market dynamics. Solid knowledge of financial and management accounting principles. Understanding and practical experience in Interest Rate Sensitivities. Strong presentation and communication skills, both oral and written. Excellent analytical, problem-solving, conceptualization, and strategic thinking skills. Ability to communicate technical and analytical concepts to a broad range of stakeholders. Minimum Masters-level degree in Business, Financial Engineering or another highly technical disciplines (i.e. engineering, physics, or applied mathematics) with an undergraduate degree in physics, engineering, or computer science. Minimum 5 years of experience at a financial institution with direct prior work experience in interest rate products, asset liability management, and structural interest rate risk management. Previous model development experience and proven ability to assess, interpret, and implement financial theories, concepts, and models. Prior experience in computer programming (Python / MATLAB) and development of analytical tools with a solid understanding of statistics, derivatives concepts, as well as interest rate sensitive products would be an asset. Strong SQL skills with knowledge and experience in building ALM systems / processes. Creative problem solver and strong analytical skills. What’s in it for you? An inclusive & 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.