Consultant, Asset Liability Management (ALM) 7-month contract

Vancity; Vancouver; Hybrid; CAD 102,000; Full time

Job summary

Join a forward-thinking credit union as a Consultant in Asset Liability Management. This 7-month contract offers a hybrid work arrangement, allowing you to balance your time between the vibrant Vancity office and your home office. You'll play a crucial role in enhancing financial strategies, conducting market analyses, and collaborating with diverse teams to drive impactful decisions. With a commitment to social justice and sustainability, Vancity is not just a workplace; it's a movement towards a better future. If you're passionate about finance and want to make a difference, this opportunity is perfect for you.

Benefits

Attractive benefit packages

3-4 weeks vacation allowance

Defined pension plan

Health care & dental benefits

Additional statutory holidays

Care days for personal illness

Qualifications

• Experience with programming languages such as SQL, Python, or R is a plus.
• Strong knowledge of asset and liability modelling is essential.

Responsibilities

• Develop strategies to manage market and liquidity risks for Vancity.
• Consult with stakeholders and present findings to achieve business objectives.

Skills

SQL

Python

R

Asset and Liability Modelling

Quantitative Analysis

Analytical Skills

Problem-Solving

Strategic Thinking

Education

Bachelor's Degree in Finance or related field

Tools

Financial Modelling Software

Job description

Consultant, Asset Liability Management (ALM) 7-month contract

Job Category: Accounting & Finance

Requisition Number: CONSU005680

Posted: December 4, 2024

Employment Type: Full-Time

Work Arrangement: Hybrid

Location

Vancity Centre
183 Terminal Ave
Vancouver, BC V6A 4G2, CAN

Vancity is a member-owned credit union built on the principles of inclusion and social justice. A relentless commitment to their values has helped them challenge the status quo and break down barriers since day one in 1946. They have bold commitments to make Vancity net-zero by 2040 across all mortgages and loans and are pursuing strategies on Indigenous banking and to improve the financial resilience of their members.

Vancity is the largest private sector Living Wage Employer in Canada and has been consistently recognized as one of the Top Employers in Canada. If you’re interested in joining their team of 2,700 diverse individuals and accessing competitive rewards and benefits, all while knowing you are part of a greater movement, then apply today!

About the workplace

This is a 7-month contract role that will enjoy hybrid working arrangements which can be fulfilled primarily from the Vancity head office location and your Lower Mainland based home office. Periodically, you’ll be required to attend in-person activities or events.

As a Consultant, Asset Liability Management (ALM), you will:

• Ensure that Vancity has relevant market and member risk analyses to enable the development of the asset-liability risk strategy to enhance the financial margin and longer-term financial contribution.

A typical day would involve:

• Providing recommendations for strategies to manage market and liquidity risks for Vancity to optimize long-term financial contribution.
• Developing pro-forma balance sheet and financial margin forecasts, performing sensitivity and scenario analyses, and measuring interest rate and liquidity risk to present findings and inform treasury strategy recommendations.
• Consulting with internal stakeholders on strategic project initiatives and presenting findings and recommendations to enable the achievement of business objectives.
• Documenting and performing analysis enabling the maintenance of the hedging portfolio in alignment with approved treasury strategies and accounting requirements.

You have:

• Experience with programming languages such as SQL, Python, or R would be an asset.
• Strong knowledge of asset and liability modelling.
• Solid quantitative and modeling development experience.
• Ability to communicate technical and analytical concepts to a broad range of stakeholders.
• Excellent analytical, problem-solving, conceptualization, and strategic thinking skills.
• Experience in a financial institution is a nice-to-have.

You are:

• Results-oriented – You have a demonstrated ability to engage stakeholders to conduct diagnosis, analyze findings, generate appropriate options, and build deliverables while securing their commitment to these solutions in a timely manner.
• Analytical – You facilitate data-driven decision-making, including collecting data, researching, and building models.
• A problem solver – You diagnose challenges and issues, develop innovative business solutions, and assess risks and opportunities that may affect the business.

We value lived experience, so if you are interested in this role, we encourage you to apply even if you feel your skills don't perfectly align with those listed.

The salary range for the role is $81,200 to $122,000 and a candidate’s offer is likely to be up to the mid-point of the role ($101,600). The upper half of the salary range is typically reserved for individuals who have demonstrated consistent strong performance in the role and possess a high level of job knowledge and skill.

• Our permanent employees qualify for attractive benefit packages that can be customized and changed each year to meet their evolving needs.
• New employees receive between three to four weeks of vacation allowance per calendar year, and the number of vacation days grows to a maximum of six weeks per year as their length of service increases. In addition, full-time, permanent staff may be able to purchase extra days of vacation through our flexible benefits package.
• In addition to the 10 statutory holidays in British Columbia, Vancity provides an additional three statutory holidays. We offer care days for periods of short-term personal illness or emergency family illness, plus opportunities to take unpaid leave for a variety of reasons.
• Our health care & dental benefits offer three levels of health care and dental coverage for you to select from. These benefits will also be effective immediately based on your hire date.
• We understand that retirement means different things to different people and at Vancity we will offer you a Defined pension plan that pays you a retirement income for life.

Please note that all shortlisted candidates for this role will be required to complete a background check which includes employment verification, credit check, and a criminal record check. Vancity is an inclusive and equitable employer and actively seeks to advance racial equity, inclusion, and belonging across the organization.

We are committed to providing an inclusive and accessible recruitment experience for all candidates. If you require any accommodations at any stage of the recruitment process, please reach out to our Talent Acquisition team at [e-mail] for confidential support. In-person assistance is also available. We will collaborate with you to ensure your needs are met promptly and effectively.