Treasury Consulting Analyst

Join a ChallengerBeing a traditional bank just isn't our thing.
We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what's possible in banking.
Our team is made up of inquisitive and agile minds that find smarter ways of doing things.
If you're not afraid of taking on big challenges and redefining the future, you belong with us.
You'll get to work with people who will encourage you to reach new heights.
We like to keep things fun, ask questions and learn together.We are a big (and growing!) family.
Overall we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years.
Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members.
Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives.
Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.The WorkThe Treasury Consulting Analyst, SFM will be responsible for performing the Asset Liability Management (ALM) modeling for credit union clients across Canada.
In this role, the Consulting Analyst works with credit unions to develop appropriate assumptionspertaining to balance sheet forecasts, rate movements, and other applicable areas to run the ALM modeling for client portfolios.
The analyst provides professional advice to credit union clients in the areas of interest rate risk (IRR), profitability, liquidity, and capital management.The Treasury Consulting Analyst, SFM also provides support to the Treasury Consulting team in other activities related to model enhancement, training, client engagements, or other product lines such as the weekly interest rate bulletin, credit underwriting for credit union foreign exchange forwards and lines of credit (LOCs), and liquidity advisory service to credit unions.The Core Responsibilities!Measurement, Analysis, and Reporting of Interest Rate Risk, Profitability, Liquidity, and Capital metrics - 70% Develop and input key assumptions into simulation model, while ensuring accuracy and integrity of all data inputs and assumptions used to assess interest rate risk (IRR) exposuresProvide oversight of IRR reporting to ALCO, the Board, and for regulatory purposes through written reports utilizing Microsoft Word outlining results of modelParticipate in credit union Asset Liability Committee (ALCO) meetings with support of senior members of Treasury Consulting teamBack-test model results to identify gaps and areas to improve assumption accuracy.
Assess how credit union's IRR position has changed between models by utilizing key metrics such as earnings at risk (EAR) and economic value of equity (EVE).
Provide Support to Treasury Consulting Team on other Items - 30% Assist in underwriting applications for new or renewing credit union LOC products.
Entails analyzing the credit worthiness of credit unions and making recommendations on extending lines to the credit unions.
Assist in Treasury Consulting's Liquidity Advisory Management Product.
This entails working independently or with another member of the Treasury Consulting team to assist credit unions on ways to deploy excess liquidity (recommendations on statutory liquidity portfolios and managing daily cash positions).
Continuously update knowledge of markets, economic conditions, and trends that may affect credit union balance sheetsLet's Talk About You!University education with a focus on Finance/Accounting, or Business.
Enrollment in a program such as CFA, CPA, or MBA would be beneficialTreasury experience would be an asset, but individuals with a background within the financial industry may also be successfulRelative understanding of finance and treasury concepts (i.e.:
general structure of bank/credit union balance sheets, deposit and loan products, general accounting concepts)Individual must have a keen personal interest in economic and financial environment (i.e.:
knowledge of monetary/fiscal policy, general interest rate environment, deposit/loan market).
Financial modelling and creative problem-solving skills - must have an analytical aptitude and be detail oriented.
Key to success is effective research and analysis capabilities (i.e., the ability to analyze information to determine trends, correlations, and understand different regulatory environments)Strong technology skills with Excel and Word are necessaryAn ability to work independently or collaboratively is required.
Individual should be inquisitive, self-motivated, and have good time management skillsStrong inter-personal skills and the ability to work with credit union's senior leadership (General Managers, Senior Analysts, CFOs/CEOs, VPs, Directors)What we offer (For full-time permanent roles) Competitive discretionary bonus✨ Market leading RRSP match program