Senior Analyst, Treasury Consulting

Join a Challenger

Being 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 607,000 people across Canada through Equitable Bank, Canada's Challenger Bank™ and EQB Inc.

s majority owned subsidiary ACM Advisors. We 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 6 million members.

Together we have $119 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives.

Our EQ Bank platform (eqbank.ca) has been named the top Schedule I Bank in Canada on the Forbes World's Best Banks 2023, 2022, and 2021 lists.

The Work

The Senior Analyst, Treasury Consulting, SFM is responsible for managing the Asset Liability Management (ALM) modeling for credit union clients across Canada.

They provide expert advice to credit union clients in the areas of interest rate risk (IRR), profitability, liquidity, and capital management.

This role manages modeling for their client portfolio and works with credit unions to develop appropriate assumptions pertaining to balance sheet forecasts, rate movements, and other applicable areas.

This role will also provide support within the Treasury Consulting team in other activities related to model enhancement, training, client engagements, and liquidity advisory service to credit unions.

Core Parts Of The Role Would Be To :

• Measurement, Analysis, and Reporting of Interest Rate Risk, Profitability, Liquidity, and Capital metrics - 70%
• Assess and analyze simulation results while providing recommendations to senior management of credit union clients
• Provide oversight of IRR reporting to ALCO, the Board, and for regulatory purposes through written reports utilizing Microsoft Word outlining results of model.
• 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).
• Evaluate credit unions changing profitability, liquidity, and capital position and identify key drivers of change (rates, balance sheet trends, etc.)
• Apply knowledge to provide credit unions guidance or recommendations on management of interest rate risk metrics, profitability, liquidity, and capital management.
• Provide timely measurement of interest rate risk and enhance reporting to support effective decision making. Provide support for forward-looking discussions within ALCO.

Ensure integrity of results and provide insights into results and explanation of drivers of change.

• Execute higher value / more complex client balance sheet simulations to generate results for interest rate risk position, profitability / liquidity, and capital projections.
• Consult with clients to collect, adjust, or enhance modeling assumptions.
• Develop and input key assumptions into simulation model. Ensure accuracy and integrity of all data inputs and assumptions used to assess interest rate risk (IRR) exposures.
• Modify any input / output processes to accommodate new products or attributes for client models.
• Manage IRR modeling process to accommodate changes to behavioral assumptions and any new products or features being introduced.

Tweak model setting and develop new reporting as needed to analyze results.

• Back-test model results identify gaps and areas to improve assumption accuracy.
• Continually explore opportunities to enhance existing processes to increase operating efficiencies and shorten reporting timelines.
• Comprehensive understanding of regulatory requirements in all provinces (LCR, NSFR, NCCF, etc). Ability to forecast results to support credit union management in strategic decision making.
• Provide Consultancy Services to Credit Union clients
• Organize and facilitate debriefing calls with clients to review report findings, recommendations, and address questions.
• Participate in Asset Liability Committee (ALCO) meetings with senior members of credit union organizations, providing insight into reporting results and recommendations.
• Develop forward looking rate or balance sheet scenarios to assess impacts to the credit union.
• Research applicable credit union regulatory environments so that one can either improve Treasury Consulting core services or identify new areas to assist our clients with.
• Provide Support to Treasury Consulting Team on ad hoc Engagements - 30%
• Support training of Finance Analysts. Includes assisting with modeling, assumptions, and report reviews.
• recommendations on extending lines to the credit unions.
• Assist / lead 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.
• Assist with technology management, working with other departments to trouble shoot software or assist in the implementation of new technologies.
• Continuously update knowledge of markets, economic conditions, and trends that may affect credit union balance sheets.

Let's Talk About You!

• University education with a focus on Finance or Business. Other certifications or Master's Degree, or enrollment in an applicable program, would be highly beneficial (i.e. CFA, CPA, MBA).
• Treasury experience preferred, but individuals with a background within the financial industry may also be successful.
• Strong understanding of finance (fixed income products and derivatives, financial math) and treasury concepts (ie : 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 and loan market).
• Advanced financial modelling and data management skills and creative problem-solving skills would be an asset. Must have a strong analytical aptitude and be very 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).
• Superior technology skills with Excel (incl. Pivot Tables and Power Query) and Word are necessary.
• An analytical aptitude with the ability to work independently or collaboratively are required.
• Individual should be inquisitive, self-motivated, and a self-starter with good time management skills. Strong ability to communicate with clients at Director levels or higher.
• Strong inter-personal skills and the ability to work with credit unions senior leadership (Executive's such as CFO's / CEO's, VP, Director)
• 3-5 years experience in the financial services industry, with experience in financial modeling and balance sheet management

What we offer For full-time permanent roles

Competitive discretionary bonus

Market leading RRSP match program

Medical, dental, vision, life, and disability benefits

Employee Share Purchase Plan

Maternity / Parental top-up while you care for your little one

Generous vacation policy, personal days and even a moving day

Virtual events to connect with your fellow colleagues

Annual professional development allowance and a comprehensive Career Development program

A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone's diverse experiences and perspectives.

In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well.

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond.

All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire.

While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We can't wait to get to know you!