Treasury Analyst

Job description

**Join a Challenger**At EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions. We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences. **What's kept us moving?** The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward. If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity. We can’t wait to get to know you! **The Work** The incumbent is responsible for data management (extraction/validation/reporting) to support several key Treasury functions, including hedge accounting activities, derivative valuations, and collateral management. The incumbent will also be involved in asset pricing model maintenance and other ad-hoc projects. The role is in the Treasury group. Equitable Bank’s Treasury group is responsible for directly managing numerous risks within the bank, including the Bank’s funding risk, liquidity risk, interest rate risk, market risk and pricing risk. Treasury partners with businesses to ensure all risks are managed and works closely with finance to ensure activities are appropriately reflected in financial statements. Treasury staff have opportunities for exposure to a variety of business units across the bank and to have an impact on the Bank’s performance. ### The Core Responsibilities 1. **Hedge Accounting (30%)** *This function supports the management of the Bank’s interest rate risk* - Support Treasury’s hedge accounting activities - Strategy: This includes development of new hedge accounting strategies (in conjunction with Accounting team) - Model Development: Develop hedge accounting models and work with the Analytics team for system migration - Pre-trade: Support trade desk by identifying assets or liabilities available for hedge accounting designations - Post-trade: Prepare initial hedge accounting documentation and investigate any issues, and explain hedge accounting inefficiency - Support hedging activities related to compensation liabilities 2. **Asset Pricing Model Support (30%)** *This function supports Bank’s mortgage pricing activities* - Provide user support for various pricing models for SFR and Commercial - Manage assumption review/update processes - Improve the model documentation and reporting - Manage the ROE pricing application migration 3. **Collateral Management (20%)** *This function supports the management of the Bank’s margin positions* - Monitor derivative portfolio valuation and validate counterparties’ margin calls - Improve margin call process (i.e. automate the data extraction) - Manage collateral process for Equitable Bank. Interact with Concentra for collateral management - Manage various collateral reports (internal and regulatory) 4. **Other Departmental Support (20%)** *This function supports the financial reporting process, OSFI reporting and management reporting* - Prepare data for ALCO and Board reporting - Prepare other quarter-end reports - Provide support on ad-hoc analysis ### Let's Talk About You - Bachelor’s degree in finance engineering, math, computer science, or related field; - At least 1 year of work experience related to financial models, preferably with development responsibility; - Advanced knowledge of Excel VBA and SQL, prior coding experience would be an asset; - CFA designation or candidate would be an asset. - Understanding of accounting principles; - Keen interest in financial markets with a strong desire/ability to learn new concepts; - Strong attention to detail; - Effective verbal and written communication skills; - Excellent analytical and critical thinking abilities; - Ability to function independently, be proactive in using internal and external resources to achieve results; - Problem solver with sound judgement who likes to take initiative, accepts ownership and accountability on given assignments