- Entry level
- No Education
- Salary to negotiate
Requisition ID: 65815
Cost Centre: FUNDS TRANSFER PRICING - BSM
Employee Referral Program – Potential Reward:
We are committed to investing in our employees and helping you continue your career at Scotiabank.
This role will be responsible for the monthly production of GAP, NII, EVE, Stress Testing under B12 (future IRRBB) as well supporting Financial Note Disclosure reporting relating to Structural Interest Rate Risk, the contractual maturity and FMV disclosures. The incumbent is also responsible for the ongoing research, development and implementation of new analytics to improve the Bank's asset and liability management paradigm. In addition, this role will support the buildup and reporting/analysis of dynamic simulations of ALM.
This role would also be responsible for executing implementation for any new methodology, new systems and processes applied to ALM reporting; identify any user findings and raise these within the broader group in Treasury function to ensure synergies and business requirements are optimized.
Knowledge and understanding of regulatory requirements and challenges will also be required. This role will provide assistance to partners in meeting regulatory requirements within specified deadlines. Regulatory requirements will generally be outlined by OSFI and aligned with Basel (Bank of International Settlements) requirements. This role will be the primary person responsible for system execution, results compilation and communication / dissemination within Group Treasury, as well as any other involved partners.
The incumbent will also work closely with other product groups and system owners (i.e. bank reporting "sub-systems") in order to understand underlying information, data and content available, what the data means from a business/products perspective and how best to capture and aggregate all relevant data within the ALM framework.
Manage monthly / quarterly production of GAP, NII, EVE, Stress Testing under B12 (future IRRBB) as well supporting Financial Note Disclosure reporting relating to Structural Interest Rate Risk, the contractual maturity and FMV disclosures.
Support the measurement, analysis and reporting of the regular net interest income simulations, analysis and accompanying commentary. Ensure the reasonability of input assumptions (interest rate scenarios, pricing and spread, growth targets, customer term preferences) and that the material variances between the interest rate scenarios are correctly identified and explained.
Support ongoing improvements to the simulation and analytical processes for ALM. These may occur through product research into the relevant variables to support simulation and from improvements in the understanding of consumer behavior under different interest rates and its application to income simulation. Execute the implementation onto the BancWare system and support reasonableness assessment of the results.
Maintain an effective system of internal controls over the ALM reporting process, identifying and documenting the risks and controls of key processes.
Execute implementation of new models and methodologies for ALM reporting to ensure models are implemented as intended
Execute implementation of ALM reporting for any new systems and processes (i.e. CTR, ALM6); quality control and assurance are the primary accountabilities.
Identify any user findings for new methodologies/systems / processes and raise these within the broader group treasury to ensure synergies and business requirements are optimized.
Provide assistance to partners in meeting regulatory requirements within specified deadlines; regulatory requirements will generally be outlined by OSFI and aligned with Basel (Bank of International Settlements) requirements. This role will be the primary person responsible for system execution, results compilation and communication / dissemination within Group Treasury, as well as any other involved partners.
Work closely with other product groups and system owners (i.e. bank reporting "sub-systems") in order to understand underlying information, data and content available, what the data means from a business perspective and how best to capture and aggregate all relevant data within the ALM framework.
Work closely with business partners to identify, address and provide solutions to the needs of the broader group with respect to systems enhancements & integration, data quality assurance and availability of product and customer information
SKILLS, EXPERIENCES AND FUNCTIONAL COMPETENCIES REQUIRED:
5+ years work experience, preferably in the Finance Industry, with knowledge of banking products and derivatives an asset
Related post-undergraduate degree/designation (such as CPA,CFA,FRM or MBA) preferred
Advanced level skills in Excel, Access, SQL and computer systems required
Knowledge in ALM applications such as BancWare or QRM an asset
Knowledge in data management applications such as Tableau an asset
Self-starter with excellent analytical and problem solving skills
Strong team player with excellent communication skills
Ability to multi-task, attain deadlines, perform well under pressure, and change priorities as needed
Undergraduate University degree in Business, Accounting/Finance or Computer Science, coupled with an Accounting designation (CA,CMA,CGA ), masters level program or CFA either attained or well underway.
Location(s): Canada : Ontario : Toronto
As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. We value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.
About the company
Scotiabank is Canada’s international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 23 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 88,000 employees and assets of $896 billion (as at July 31, 2016).
Scotiabank es el banco internacional de Canadá y un destacado proveedor de servicios financieros en Norteamérica, América Latina, el Caribe y Centroamérica, y Asia-Pacífico. Estamos comprometidos en ayudar a mejorar la situación de nuestros 23 millones de clientes a través de una completa gama de asesoría, productos y servicios en los sectores de banca personal y comercial, gestión patrimonial, y banca privada, corporativa y de inversión, y mercados de capital. Con un equipo de más de 88,000 empleados y con $ 896,000 millones en activos (al 31 de julio de 2016).
La Banque Scotia est la banque internationale du Canada et un leader parmi les fournisseurs de services financiers en Amérique du Nord, en Amérique latine, dans les Antilles, en Amérique centrale et en Asie-Pacifique. Elle s’est donné pour mission d’aider ses 23 millions de clients à améliorer leur situation au moyen de conseils et d’une vaste gamme de produits et de services, dont des services bancaires aux particuliers, aux entreprises et aux sociétés, des services bancaires privés, d’investissement et de gestion de patrimoine ainsi que des services liés aux marchés des capitaux. Au 31 juillet 2016, l’effectif de la Banque Scotia s’élevait à plus de 88 000 employés et son actif à 896 milliards de dollars.