Associate Director, Liquidity Management & Stress Testing

Scotiabank; Toronto; On-site; CAD 100,000 - 140,000; Full time

Job summary

Scotiabank is seeking an Associate Director for the Liquidity Stress Testing Team in Toronto. This role involves developing insights and strategies for effective liquidity management during stress, enhancing processes, and collaborating with business partners. Successful candidates will have a strong background in liquidity risk management and be skilled in quantitative data analysis.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Work-life balance and team events

Career development opportunities

Qualifications

• 5+ years experience in Liquidity risk / management, Treasury and/or Capital Markets and Risk Management.
• In depth experience with stress testing and modeling.
• In depth experience with data driven decision making.

Responsibilities

• Contribute to the enhancement of the Liquidity Stress Testing Program.
• Develop actionable liquidity strategy recommendations.
• Collaborate with partners to strengthen understanding of liquidity drivers.

Skills

Detail oriented

Data focused

Communication skills

Education

Undergraduate degree in Business, Finance, Economics, or Engineering

Tools

Power BI

Python

SQL

VBA

Job description

Requisition ID: 227118

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

The Liquidity Stress Testing Team is responsible for developing and maintaining internal assumptions, methodologies and stress scenarios to ensure sufficient liquidity during periods of stress.

Reporting to the Director, Liquidity Stress Testing, the Associate Director will oversee and enhance the liquidity stress testing processes, playing an integral role in the bank’s liquidity management strategy. This includes developing insights and forming actionable liquidity strategy recommendations to effectively manage through stress events. This role is focused on supporting a more strategic and agile approach to Group Treasury’s liquidity risk framework in ensuring the robustness of our liquidity strategies and the effectiveness of our risk management framework.

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

• Contribute to the ongoing enhancement of the enterprise Liquidity Stress Testing (LST) Program by developing internal stress scenarios and corresponding assumptions to:
  • Assess liquidity needs
  • Identify potential vulnerabilities
  • Devise risk mitigation and liquidity optimization strategies
• Assist in aligning Treasury and Bank strategic objectives by reviewing and recommending changes to liquidity transfer pricing on balance sheet products
• 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
• Utilize excellent communication skills to explain the relationship between balance sheet products and liquidity risk
• 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
• Identify opportunities to enhance reporting and analysis activities, supporting a culture of continuous improvement
• Develop timely and accurate reports and analysis, holding oneself accountable
• Champion a high-performance environment and contribute to an inclusive work environment
• Support a culture of continuous improvement by identifying opportunities to enhance reporting and analysis activities.
• Hold yourself accountable for developing reports and analysis in a timely and accurate manner.
• 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:

• Detail oriented, data focused and ability to distill information for senior leaders
• 5+ years experience in Liquidity risk / management, Treasury and/or Capital Markets and Risk Management.
• Undergraduate degree in Business, Finance, Economics, or Engineering.
• In depth experience with stress testing and modeling
• In depth experience with data driven decision making
• Experience with Power BI, python, sql, vba and database models is considered an asset
• 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, 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.