Associate, Treasury FTP

Scotiabank; Toronto; On-site; CAD 70,000 - 110,000; Full time

Job summary

An established industry player is seeking a dedicated Associate for their Treasury team in Toronto. This role involves implementing and monitoring the Treasury FTP framework, ensuring accurate PnL analysis, and collaborating with various teams to align methodologies with risk management strategies. The ideal candidate will possess a strong background in finance, excellent communication skills, and proficiency in SQL and Python. Join a diverse and innovative team where you will receive in-depth training, enjoy a competitive rewards package, and have opportunities for career development. If you're ready to make a meaningful impact in a collaborative environment, this position is for you.

Benefits

Performance Bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from Day One

Work-Life Balance

Career Development Opportunities

Qualifications

• 3+ years experience in a financial institution with Treasury products.
• Strong understanding of profitability and financial analysis.

Responsibilities

• Monitor daily funding volumes and maintain Funding dashboard.
• Collaborate with internal teams on FTP methodologies.

Skills

Financial Analysis

Communication Skills

SQL

Python

Treasury Products Knowledge

Problem Solving

Education

MBA or University Degree in Business/Finance

Bachelor's Degree in a Technical Field

Tools

Internal Ticketing Systems

Data Analytics Tools

Job description

Requisition ID: 224917

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

Funds Transfer Pricing (FTP) is the framework utilized to transfer interest rate risk and liquidity risk from the business lines to a centralized unit within Group Treasury (GT); mitigating volatility related to these factors in business unit margins.

The Associate – Treasury FTP (“the Associate”), with the lead of the AD of Treasury FTP, is responsible for implementing the Treasury FTP ticketing framework and methodologies across various desks. This role monitors the daily funding volumes, maintains the Funding dashboard as well as daily PnL reports for each GT desks and supports ticketing processes for GT and Capital Markets desks.

The Associate collaborates with Group Treasury, Capital Market, Treasury Finance, Product Control Team, PEAK support team to align FTP methodologies with the bank's risk management and financial resource allocation strategies. This position requires a good understanding of FTP methodologies, the bank's ALM risks, funding risks, hedging strategies, and activities and effective collaboration with internal teams.

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

• Champion a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Maintain governance documents of key FTP ticketing processes.
• Perform impact analysis in QRM for ALM and Liquidity methodologies.
• Provide support to:
  • Manage daily ticketing processes and ensure desk-level accurate PnL analysis.
  • Implement operational improvements to streamline ticketing operations.
  • Transfer interest rate risk from the banking book in the Funding Center to the SIRR desk on a weekly basis by collaborating with the ALM team.
  • Process internal ticketing for ad-hoc deals on daily basis.
• Seek opportunities for operational improvements to be embedded in Finance processes, cash management project and intraday liquidity methodology.
• Assist Group Treasury Data Transformation initiative and provide support for QRM FTP Implementation.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Create an environment in which their team pursues effective and efficient operations of their 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:

• MBA /University level Business/Finance degree or Bachelor's degree in a technical field.
• 3+ years financial institution experience or relevant experience, with knowledge of Treasury products including HQLA and repos.
• Understanding of profitability and financial analysis.
• Knowledge of the Bank's business lines, product offerings, interest rate and liquidity risk management concepts and principles, and regulatory environment.
• Proficient communication skills to present / discuss FTP subject matters with colleagues and business partners.
• Ability to quickly grasp new concepts in the presence of ambiguity.
• Knowledge and experience with SQL.
• Knowledge of the Bank's internal ticketing systems and strong data analytic skills.
• Knowledge and experience with Python.

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.