Analyst, Gic

WHO WE ARE
HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we’re passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage product.
OUR VALUES, OUR PASSION
At HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other.
- Customer-Focused. Passionate Advocates
- Courage to Act. Do the Right Thing
- One Team. One Vision
- Think Long-Term. Ever-Evolving
- Be Exceptional. Inspire Greatness

This role is an important function within HomeEquity Bank(“the Bank”); it ensures the Bank has sufficient liquidity to discharge its obligations and seeks to optimize that liquidity to maximize net interest margin (or ‘spread’) between income earning assets and interest bearing liabilities, while at the same time protecting the Bank’s value from financial risk.
The role will execute various treasury banking, cash management and deposit administration functions to support the day to day functioning of the Treasury team. Individual incumbents will have specialized day to day responsibilities but will be expected to be able to perform all of the major elements of the role as required.
MAJOR ELEMENTS OF THE ROLE
Deposit Management
Administer the Bank’s GIC deposits in the Portfolio Plus subledger system, including the following:

- Process and confirm daily GIC issuances
- Process and monitor payments of principal and interest, and commissions
- Set up new agents on the system (transfers-in) and configure them for appropriate processing
- Process re-registrations of existing deposits
- Process transfers in of new GIC deposits
- Process amendments and cancellations
- Process early redemptions
- Administer rate changes
- Maintain relationships with the operations teams of the Financial Institutions and Deposit Brokers distributing the Bank’s GICs,
- Work with Portfolio Plus to make desired enhancements to improve accuracy and efficiency of processing, accounting, reporting and forecasting
- Conduct software testing and upgrades as needed

Banking / Cash Management
- Review daily cash position and bank account balances
- Assist in the management of bank relationship and bank accounts
- Review and analyze monthly bank fees and charges
- Support and implement changes to banking structures and practices
- Perform other banking activities, including corporate EFTs and wires, positive pay, stop payments, etc.
- Timely processing of all initial mortgage advances to borrowers
- Processing additional advances to existing clients,
- Administration of monthly servicing payments required on existing mortgages,
- Periodic transactions as required to pay commission on mortgage originations
- Periodic transactions as required to execute intercompany mortgage transfers
- Assistance to accounting department with reconciliations of the mortgage account

Treasury Finance
- Support the maintenance of the Bank’s portfolio of debt and derivative instruments
- Track due dates for all payments required under these instruments, especially debt interest
- Process all banking activities related to these instruments, including interest payments and swap settlements
- Maintain relationship with operations teams of the retail banking platform (ScotiaBank), custodians (CDS and BNY Mellon Trust), investment dealers and other GIC deposit partners (Cannex, Portfolio Plus)
- Assist with maintaining the Bank’s portfolio of derivatives using the Treasury Management System (Reval), providing support for accounting and control functions,
- Assist the Treasurer in preparation of liquidity reports used by senior management.
- Assist accounting department with reconciliation of the GIC accounts, including ending balances and transaction activity
- Provide information and support for internal and external audit
- Provide information to facilitate monthly reconciliations with agents
- Support any initiatives to extend automated interfaces to G/L for accounting and disclosure information related to GIC deposits

Treasury Management
- Monitor GIC rates of other issuers, providing key data in deciding the rate setting for HomeEquity Bank’s GICs
- Track GIC issuances by maturity tenor across various platforms, providing historical information and analysis on issuances
- Work with Treasury’s forecasting and interest rate models, to provide analysis and assist in GIC rate recommendations
- Provide information for senior management for ALCO (Asset Liability Committee) decision making purposes

**SKILLS AND EXPERIENCE REQUIRED**:

- Progressive experience in a cash management, banking or treasury administration role, preferably in a financial services or banking organization
- Bachelor degree in Commerce, Finance or