Associate Director, Asset and Liability Management

Scotiabank; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking an Associate Director for Asset and Liability Management. This pivotal role involves overseeing global risk measurements and ensuring compliance with internal policies and regulations. You will manage stress testing, produce management reports, and collaborate with various business partners to drive initiatives aimed at enhancing the ALM framework. With a focus on strategic transformation, you will play a key role in aligning ALM functions with business objectives and market conditions. Join a diverse and high-performing team that values your contributions and offers a competitive rewards package, including performance bonuses and health benefits from day one.

Benefits

Performance Bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from Day One

Career Development Opportunities

Work-Life Balance

Team Events

Community Participation Opportunities

Qualifications

• 5-10 years of experience in Capital Markets or Risk.
• Strong understanding of banking products and ALM frameworks.

Responsibilities

• Lead stress testing and manage ALM reporting.
• Collaborate with teams to enhance ALM processes.

Skills

Analytical Skills

Interest Rate Risk Measurement

Verbal and Written Communication

Team Collaboration

Multi-tasking

Education

Undergraduate Degree in Business, Accounting/Finance or Computer Science

CPA or CFA

Tools

Excel

Access

SQL

Tableau

PowerBI

Python

ALM Management Tools (e.g., QRM, BancWare)

Job description

Press Tab to Move to Skip to Content Link

Select how often (in days) to receive an alert:

Title: Associate Director, Asset and Liability Management

Requisition ID: 224801

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Reporting to the Director, the Associate Director (AD) leads and oversees SIRR/IRRBB globally through risk measurements to ensure business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures. They will manage the monthly and weekly production of SIRR GAP, NII, EVE, KRDs, Stress Testing under B12 (IRRBB) to ensure that SIRR position and exposure of the Bank has been correctly identified and explained, and that all methodologies, embedded options and hedging strategies are being consistently identified and measured.

This Associate Director will play the leading role in stress test, management report & analysis production and development, as well as other business initiatives. They will work with various business partners incl. business line Treasury, FTP, BSM Hedging Strategy/Execution Team, Funding Team, Finance, and IT on ALM related business initiatives. They also will work with other Associate Directors on BAU to ensure high-quality deliverables while maintaining an effective system of internal controls over the SIRR/IRRBB reporting & analysis process, identifying and documenting the risks and controls of key processes.

Is this role right for you? In this role, you will:

• Be responsible for Stress Testing under B12 and Enterprise Stress Test.
• Manage various management report & analysis incl. NII simulation to support NIM review and analysis.
• Manage various business initiatives driven by FTP and business lines (e.g. US SIRR, FTP gap).
• Lead initiatives aimed at enhancing and/or transforming ALM framework with focus on process development, system improvement and strategic transformation to ensure the alignment of ALM functions with GT/Enterprise strategic direction, business objectives, regulatory compliance and evolving market conditions.
• Support other development initiatives driven by market, business or regulators.
• Partner with other ADs of the team to maintain compliance with regulatory requirements (e.g. Basel, IRRBB) and best practices in SIRR.
• Drive and execute ALM/GT modernization projects to improve processes, tools and framework on SIRR.
• Collaborate with IT and external vendors to support the design, development and implementation of advanced ALM process, tools and framework.

Do you have the skills that will enable you to succeed? We’d love to work with you if you have experience with:

• Undergraduate University degree in Business, Accounting/Finance or Computer Science, coupled with an Accounting designation (CPA), masters level program or CFA either attained or well underway.
• Minimum of 5-10 years of banking experience, preferably in Capital Markets, Assets and Liability Management, Risk or Finance
• Excellent analytical skills with ability to recognize and evaluate the impact of macro business trends on the future results of the Bank
• Solid understanding of interest rate risk measurement techniques and appropriate application
• Strong knowledge of banking products
• Excellent verbal and written communication skills for preparing commentary to Executive audience
• Advanced level skills in Excel, Access, SQL and data management applications such as Tableau, PowerBI and Python; Knowledge in ALM management tools (e.g. QRM, BancWare) an asset
• Strong team player
• Ability to multi-task, attain deadlines, perform well under pressure, and change priorities as needed

What's in it for you?

• In-depth training to prepare you for the role, as well as ongoing coaching and feedback to help you succeed!
• You'll be part of a diverse, collaborative, innovative, and high-performing team
• We offer a competitive rewards package:
• Performance bonus, Employee Share Ownership Program, and Pension Plan Matching
• Health Benefits from day one!
• You will relish work-life balance, team events, and opportunities to participate in the community.
• Your career matters! You will have access to career development and progression opportunities.

Please Note: Group Treasury staff are treated as insiders of the Bank and are subject to the Terms and Conditions of the Scotiabank Personal Trading Policy.

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success 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.

At Scotiabank, 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.