Associate, GBM Treasury

Scotiabank; Old Toronto; On-site; CAD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a driven Associate for their GBM Treasury team in Toronto. This role offers a unique opportunity to work closely with senior management, assisting in optimizing capital and liquidity strategies while ensuring compliance with regulations. You will leverage your analytical skills to assess key metrics and develop internal reporting tools, contributing to the overall success of the division. With a commitment to fostering a collaborative and inclusive culture, this organization provides comprehensive training and career development opportunities, making it an ideal environment for those looking to advance their careers in finance.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits

Work-life balance

Career development opportunities

Qualifications

• 3+ years of experience in Treasury or Liquidity Risk Management.
• In-depth knowledge of liquidity and funding risks.
• Ability to influence executives and manage complex issues.

Responsibilities

• Support Vice President in managing capital and liquidity requirements.
• Assist in developing tools and internal reporting for business analysis.
• Coordinate monthly GBM ALCO meetings and ensure compliance.

Skills

Treasury Management

Liquidity Risk Management

Data Management

Communication Skills

Project Management

Analytical Skills

Education

Bachelor’s degree in business, finance, mathematics or economics

Master’s degree or Professional designation (CFA/Accounting)

Tools

Power BI

Tableau

SQL

Job description

Scotiabank Associate, GBM Treasury Toronto, ON Posted 6 days ago

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

Under the direction of the Vice President, Business Line Treasury, the Associate, GBM Treasury is accountable for assisting in ensuring business strategies, plans and initiatives are executed and delivered in compliance with governing regulations, internal policies and procedures. They will develop a solid understanding of GBM business line strategies across corporate credit, structured credit and global transactional banking and with this knowledge assist in providing guidance to the Vice President, Business Line Treasury on liquidity and funding risk mitigation and optimization.

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

Support the Vice President in managing capital, liquidity and funding requirements associated with the business activity of GBM with the goal of optimizing balance sheet and funding utilization of the division

Assist in collating relevant information from GT verticals including Liquidity and Funding Management

Assess impact to key metrics such as stress testing, LCR, NSFR from the divisions’ forecasted business activity and long-term strategic plans

Assist the Vice President, in developing appropriate tools, internal reporting to monitor utilization allocated resources and data validation (e.g. utilizing Power BI to create dashboards for business line analysis)

Identify opportunities to optimize the liability side of the broader GBM balance sheet while ensuring forecasting accuracy to help manage funding requirements.

Support the production and delivery of ad-hoc and strategic analysis / presentations to senior management with respect to capital, liquidity and related metrics for individual businesses within the division

Support the review of regulatory changes affecting funding and how they impact the GBM division and assist in liaising with the businesses on the internal application of these proposals

Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions

Coordinate the monthly GBM ALCO (e.g. meeting schedule, consolidating and reviewing materials, minute-taking, and ensuring materials are aligned with the broader Group ALCO)

Create an environment in which the team pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk

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

Bachelor’s degree in business, finance, mathematics or economics is a must

Master’s degree, recognized Professional designation in a specialized area of finance or business (CFA/Accounting), is an asset

3+ years of experience in a related field Treasury, Liquidity Risk Management or Treasury Strategy role at a bulge bracket bank

In-depth knowledge of functions and activities including liquidity and funding risks associated with secured funding, prime brokerage, derivatives and commitments products

Proficiency in data management applications (Power BI, Tableau), SQL

Proficient in banking regulations (LCR, NSFR, NCCF) and sound practices (Basel, OSFI, etc.)

Ability to understand the regulatory environment in all regions and potential effects on investment, liquidity, structural risk and ALM activities

Ability to review balance sheet and business funding usage including forecasting

Results driven with the ability to deal with complex issues and lead

Strong interpersonal, organizational and project management skills and an ability to work in a fast-paced environment with multiple priorities

Superior communication skills with ability to influence executives across the organization

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.

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.