Director, Head of Treasury

**Role Description**:
The Head of Treasury oversees and directs the operations of the Treasury department to support the Bank in meeting its financial goals and budget targets. He/she must manage treasury positions in Foreign Exchange, Money Market, FX Derivatives and Capital Market activities in line with the long-term goals of the Bank and ensure compliance with standard accounting procedures, regulatory expectations, and the Bank’s internal liquidity and funding management framework. The Canada Branch Treasurer must be knowledgeable and adept at handling large financial transactions as this position plays a vital role in interfacing large and sophisticated counterparties.
- Subject matter expert in anticipating market volatility, liquidity, government bonds, notes etc.
- Direct and execute foreign exchange, money market, derivative and capital market activities to meet customer requirements and mitigate the Bank’s exposure to volatile market movements.
- Proficiency in derivative products such as Interest Rate Swaps, Cross Currency Swaps and Currency Options, to support the corporate customer base and to hedge the Bank’s exposure.
- Manage daily cash balances and trading in financial markets to ensure that the Bank’s cash flow is adequate to operate efficiently, make prudent cash flow forecasts and anticipate challenges from changes in market sentiment especially towards foreign banks.
- Diversify funding sources through corporate and interbank deposits and issuance of treasury funding products such as short term and medium term bank deposit notes, to provide adequate funding to fund loan assets, manage money gap and maintain internal liquidity requirements.
- Familiarity in surplus liquidity management namely Treasury Bills, Government and Provincial Bonds, Reverse Repos and any other securities approved by the Management for supplementary liquidity purposes.
- Manage Bank’s FX exposure in all approved currencies, prudently and within established guidelines and policies to enhance Bank’s profitability in liaison with Business Promotions and the Management, formulate corporate and interbank marketing strategies to maintain positive working relationships. Attend meetings with Corporate Banking to make economic and technical analysis presentations, when necessary, to enhance the Bank’s share of business.
- Liaise with Corporate treasury team in other jurisdictions namely New York, Tokyo.
- Collaborate with CRO and CCO in maturing the Branch’s over framework for liquidity and funding risk management including developing a strategy for effective balance sheet management, forecasting and planning liquidity and funding needs to meet the Branch’s ability to execute on its core strategy and lending commitments.
- Act as Co-secretary to the Branch ALCO and present the Balance Sheet position including outlook at the committee meeting and to Senior management on a periodic basis.
- Responsible for maintaining all requisite Treasury related Polices and Procedure documents.
- Responsible to hire, train and delegate duties to Treasury personnel and oversee the day-to-day operations of the Treasury department including reviewing and managing trading limits and book level access of individual traders / dealers.
- Ensure compliance with all Treasury position limits, profit & loss limits, approved inter-bank and corporate credit limits and anti-money laundering regulations.

**Responsibility for Supervision**:

- Supervises a team of dealers (approx.4 - 5 FTEs). Trains staff to enable them to achieve professional treasury dealing status.
- Average daily volume of transactions: FX - 20 - 30 transactions, MM - 30 - 50 transactions

**Decision Making Responsibility**:

- Approve all FX and Deposit / loan transactions from Business Promotions along with FX, Deposit, Bank Deposit Notes, T-Bills and Loan transactions done in Treasury, to ensure compliance with approved credit and trading limits.
- Makes decisions regarding trading positions, initiating new positions to enhance profitability, switching credit lines, increase/decrease dealing activities, developing and implementing new and existing treasury policies, promoting existing and new products.

**Qualifications and Skills**:

- 10 years previous professional dealing experience in Canadian financial services.
- Good understanding and working knowledge of money market, FX, Capital Markets, Economics and analysis of markets and trends.
- Use of Reuters 3000 Dealing System, Microsoft Office, above average Excel skills.
- Strong reasoning ability: understand complex situations, people and systems needs against backdrop of an evolving regulatory environment.
- Strong analytical and communication skills. Excellent writing skills is an asset. Able to learn quickly and dissect complicated issues within a large financial institution, Reasonable knowledge of Bank Act and OSFI guidelines.
- Excellent time management skills with the ability to multitask, continuously prioritize task