Manager, ALM (18 Month Contract)

Scotiabank; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading bank in the Americas is seeking a professional to manage Asset and Liability Management reporting in Toronto. The role focuses on producing critical financial reports, ensuring compliance with regulations, and leveraging advanced analytical tools like Excel, SQL, Python, and Power BI. The ideal candidate will possess strong problem-solving skills, a university degree in finance or a related field, and have relevant experience in the finance industry. This position offers opportunities for professional development in an inclusive team-oriented environment.

Benefits

Professional development opportunities

Inclusive workplace culture

Qualifications

• 3+ years of work experience, preferably in the finance industry.
• Business analyst experience is an asset.
• Self-starter with strong multi-tasking ability.

Responsibilities

• Ensure production of GAP, NII, EVE, and KRD.
• Support Financial Note Disclosure reporting.
• Coordinate with various stakeholders on data/system migration.

Skills

Advanced Excel skills

SQL

Python

Power BI

Analytical skills

Problem-solving skills

Team player

Communication skills

Education

Undergraduate degree in Business, Accounting/Finance, or Computer Science

Post-undergraduate degree/designation (CPA, CFA, FRM, MBA) is an asset

Tools

BancWare

QRM

Job description

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

The role:

This role contributes to the overall success of the Asset and Liability Management / Group Treasury globally, ensuring specific individual goals, plans, initiatives are executed and delivered in support of the team’s business strategies and objectives. It ensures all activities comply with governing regulations, internal policies and procedures.

The incumbent is responsible for ensuring the weekly production of GAP, NII, EVE, and KRD, as well as supporting Financial Note Disclosure reporting relating to Structural Interest Rate Risk.

The incumbent maintains the ALM dashboard monthly/weekly publishing, ensuring Power BI runs smoothly for data publishing and sharing. This includes continuous maintenance and improvement of all Python utility programs, Power BI data models, and visual reports.

The incumbent coordinates various stakeholders, business lines and partners (e.g., IT support) regarding ongoing data/system migration, business/market‑driven changes and projects (e.g., new products), research, development and implementation of new analytics and methods to improve the bank’s ALM paradigm.

This role also coordinates and/or executes implementation for any new methodology, system or process applied to ALM reporting; identifies user findings and raises them within the broader treasury group to ensure synergies and optimized business requirements.

The incumbent works closely with other product groups and system owners (e.g., bank reporting "sub‑systems") to understand underlying data, what it means from a business perspective, and how best to capture and aggregate all relevant data within the ALM framework.

Knowledge and understanding of regulatory requirements and challenges are also required.

Mandates on SIRR reporting and analysis, model/methodology/parameter/product analysis, data management & system migration, and process automation are shared with other managers on a rotation basis to ensure sufficient resource allocation and knowledge sharing.

Overtime may be anticipated at times during quarter‑end and year‑end reporting periods.

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

• Champion a customer‑focused culture to deepen client relationships and leverage broader bank relationships, systems and knowledge.
• Actively pursue effective and efficient operations in accordance with Scotiabank’s values, code of conduct and global sales principles, while ensuring day‑to‑day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Champion a high‑performance environment and contribute to an inclusive work environment.
• Work with the team in preparing weekly reports of GAP, NII, EVE, Stress Testing under B12 (IRRBB), KRD, and support Financial Note Disclosure reporting relating to Structural Interest Rate Risk.
• Manage analysis and reporting of weekly NII & EVE sensitivity of the parent bank, ensuring compliance with business and regulatory requirements for SIRR/IRRBB. Improve data quality and align methodology/parameter assumptions, analyzing main drivers of NII & EVE weekly variance.
• Support maintenance and continuous improvement of automation Python utility programs and Power BI data models to ensure accuracy and timeliness of data and dashboard sharing.
• Support simulation and analytical processes for ALM/BSM, through product research and relevant variable analysis, including consumer behavior impact under different interest rates and its application to income and value simulation; execute implementation onto the BancWare system and provide reasonableness assessment of the results.
• Perform impact tests and review reasonability of new parameters/model assumptions ensuring consistency with the interest rate environment and business rationale.
• Support measurement, analysis and reporting of regular net interest income simulations, analysis and accompanying commentary. Ensure reasonability of input assumptions (interest rate scenarios, pricing and spread, growth targets, customer term preferences) and that material variances are correctly identified and explained.
• Maintain an effective system of internal controls over the ALM reporting process, identifying and documenting risks and controls of key processes.
• Coordinate with key stakeholders and execute implementation of new models and methodologies for ALM reporting to ensure models are implemented as intended.
• Coordinate with key stakeholders and execute implementation of ALM reporting for any new data & processes, system upgrade, and market‑driven transformation, with quality control and assurance.
• Identify any user findings for new methodologies/systems/processes and raise them within the broader treasury group to ensure synergies and optimized business requirements.
• Work closely with other product groups and system owners to understand underlying data, what it means from a business perspective, and best capture and aggregate all relevant data within the ALM framework.
• Work closely with business partners to identify, address and provide solutions to the needs of the broader group for systems enhancements & integration, data quality assurance and availability of product and customer information.

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

• Undergraduate university degree in Business, Accounting/Finance or Computer Science.
• 3+ years of work experience, preferably in the finance industry; business analyst experience is an asset.
• Advanced‑level skills in Excel, SQL, Python and Power BI are required.
• Related post‑undergraduate degree/designation or on the way (such as CPA, CFA, FRM or MBA) is an asset.
• Knowledge in ALM applications such as BancWare or QRM is an asset.
• Self‑starter with excellent analytical and problem‑solving skills.
• Strong team player with excellent communication skills.
• Ability to multi‑task, meet deadlines, perform well under pressure and change priorities as needed.

What’s in it for you?

A rewarding career path with diverse opportunities for professional development.

A culture that promotes teamwork and cross‑functional collaboration to achieve business goals. Inclusive workplace that values diversity of thought, background, and experience.

An organization committed to making a difference in our communities – for you and our customers.

Opportunity to work with a very enthusiastic team that helps our clients by ensuring the bank can continue to operate and deliver key business services.

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.