Associate Director, Liquidity Management

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

Job summary

An established industry player is seeking an Associate Director for their Liquidity Management team. This pivotal role involves enhancing the Liquidity Stress Testing Program, interpreting regulatory requirements, and implementing risk mitigation strategies. You will leverage your expertise in liquidity management and data analytics to provide insights and recommendations to senior management. Join a diverse and collaborative team that values innovation and high performance, while enjoying a competitive rewards package, including performance bonuses and career development opportunities. Your contributions will directly impact the organization's strategic resilience.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Work-life balance

Team events

Career development opportunities

Qualifications

• 5+ years experience in Liquidity risk management and Treasury.
• In-depth knowledge of stress testing and regulatory requirements.

Responsibilities

• Develop and maintain liquidity stress testing methodologies.
• Collaborate with Technology and Treasury partners for process improvements.

Skills

Liquidity risk management

Data-driven decision making

Power BI

Python

SQL

VBA

Stress testing requirements

Market Risk understanding

Education

Undergraduate degree in Business, Finance, Economics, or Engineering

Tools

Power BI

SQL

Python

VBA

Job description

Associate Director, Liquidity Management

Requisition ID: 224179

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

As a member of the Liquidity Stress Testing Team you’ll be responsible for developing and maintaining internal assumptions, methodologies and stress scenarios to ensure sufficient liquidity during periods of stress and drive liquidity management decisions.

Reporting to the Director, Liquidity Stress Testing, the Associate Director will oversee the development and maintenance of liquidity stress testing data and processes and will be responsible for promoting system enhancements.

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

• Contribute to the ongoing enhancements of the enterprise Liquidity Stress Testing Program to assess liquidity needs, drive strategies, recognize vulnerabilities and provide recommendations to senior management.

• Interpret new and existing liquidity regulatory reporting requirements and best practices to incorporate them in the stress testing framework.

• Devise risk mitigation and liquidity optimization strategies and implement solutions.

• Continually assesses the completeness and accuracy of data related to products and sources systems, and design process improvements as appropriate.

• Collaborate with Technology and Treasury partners to prioritize updates to ensure delivery of key initiatives.

• Ensure data architecture integrity while coordinating added efficiency and data enhancements into LST processes.

• Oversee and review process testing, controls, and required documentation along with reasonability requirements.

• Design and oversee processes, automation, reports and dashboards to provide liquidity insights, historical trend analysis and forecasts.

• Maintain and document business requirements, coordinating with technology and LIAT, support UAT LST enhancement testing.

• Assist in aligning Treasury and Bank strategic objectives by reviewing and contributing to changes in liquidity transfer pricing.

• Leverage quantitative data analytics and qualitative insights to develop thoughtful stress scenarios.

• Collaborate with business partners to strengthen understanding of liquidity drivers and client behavior during stress events.

• Add meaning to data by understand shifts in balance sheet positions and articulate appropriate levels and composition of liquidity supports to senior management for better decision-making and strategic resilience.

• Remain up to date on emerging market risks and best practices to recalibrate stress test assumptions and scenarios.

• Champion a high-performance environment and contributes to an inclusive work environment.

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

• Undergraduate degree in Business, Finance, Economics, or Engineering.

• 5+ years experience in Liquidity risk / management, Treasury and/or Capital Markets and Risk Management.

• Prior experience with liquidity management, stress testing and corresponding reporting processes would be an asset.

• In depth experience with data driven decision making

• Experience with Power BI, Python, SQL, VBA and database models

• Solid working knowledge of stress testing requirements as per OSFI, CDIC guidelines

• Understanding of Market Risk, particularly off-balance sheet derivative products, is beneficial.

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, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . 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.