Senior Analyst, Asset Liability Management

Laurentian Bank; Montreal; Hybrid; CAD 70,000 - 90,000; Full time

Job summary

Laurentian Bank is seeking a Senior Analyst in Asset Liability Management, responsible for interest rate risk modelling and developing automated reporting tools. This role involves extensive collaboration and offers comprehensive compensation and benefits, supporting employee well-being and professional growth.

Benefits

Annual performance-based bonuses

Stock purchase plan

Competitive insurance program

Paid vacation and floating days

Employee assistance programs

Qualifications

• 5 years of relevant experience in asset-liability or treasury management.
• CFA, FRM is an asset.
• Professional proficiency in English and French.

Responsibilities

• Supervise production and monitoring of interest rate risk exposure.
• Develop automated tools for risk reporting.
• Conduct forecasting and stress-test scenarios.

Skills

Analytical Thinking

Communication

Problem Solving

Education

Master’s degree in finance, economics, accounting or equivalent

Tools

Microsoft Office

VBA

Job description

Senior Analyst, Asset Liability Management

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Senior Analyst, Asset Liability Management

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Seeing beyond numbers

At Laurentian Bank, we believe we can change banking for the better. Founded in Montreal in 1846, Laurentian Bank helps families, businesses and communities thrive. Today, we have over 2,800 employees working together as One Team, to provide a broad range of financial services and advice-based solutions for customers across Canada and the United States. We drive results by placing our customers first, making the better choice, acting courageously, and believing everyone belongs.

Seeing beyond numbers

At Laurentian Bank, we believe we can change banking for the better. Founded in Montreal in 1846, Laurentian Bank helps families, businesses and communities thrive. Today, we have over 2,800 employees working together as One Team, to provide a broad range of financial services and advice-based solutions for customers across Canada and the United States. We drive results by placing our customers first, making the better choice, acting courageously, and believing everyone belongs.

This role sits within Laurentian Bank.

The senior analyst’s main responsibilities include interest rate risk modelling, as well as producing and conducting detailed analyses of various risk reports. The incumbent will be responsible for establishing and maintaining transfer pricing models, including for loan prepayments and deposit modelling. This position provides comprehensive exposure to all activities of the asset-liability management (ALM) team, including liquidity risk, interest rate risk analysis and net interest income (NII) forecasting. The incumbent will also be in regular contact with executives and key stakeholders.

Responsibilities

• Production and monitoring of interest rate risk exposure: Supervises the production and monitoring of interest rate risk exposure for Laurentian Bank, ensuring proactive and strategic management.
• Development of automated tools: Designs and implements sophisticated tools to automate risk reporting processes, incorporating robust controls and a cohesive design to improve the transparency, granularity and accuracy of reports.
• Forecasting and scenario testing: Conducts regular NII forecasts, stress-test scenarios and risk exposure analyses, providing strategic insights for decision-making.
• Analysis of variances: Explains actual results and variances regarding forecasts, identifying underlying causes and suggesting corrective actions.
• Model validation: Performs periodic back-test procedures to validate model assumptions, keeping documentation up to date and compliant with model governance requirements.
• Cross-functional collaboration: Works closely with the finance, accounting and risk management teams on various projects, including transfer pricing models and risk modelling, acting as the point of contact for asset-liability management.
• Management of exposure to the equity based compensation program: Measures and reports Laurentian Bank’s exposure to the equity based compensation program, ensuring effective and compliant management.
• Business intelligence: Keeps up to date on market best practices and the regulatory governance framework for interest rate risk, integrating that knowledge into the bank’s risk management practices.
  
  

Qualifications

• Master’s degree in finance, economics, accounting or equivalent.
• 5 years of relevant experience, especially in asset-liability and/or treasury management at a financial institution.
• CFA, FRM is an asset.
• Understanding balance sheet management would be an asset.
• Excellent knowledge of Microsoft Office including VBA coding. Other programming skills are an asset.
• Ability to work well with others in a fast-paced environment.
• Excellent communication skills in English and French, both spoken and written.*
• Professional working proficiency in French and English languages required as position involves frequent written and oral communication on complex matters with internal and external parties in both languages.
  
  

What Laurentian Bank Has To Offer You

The total compensation offered by Laurentian Bank encompasses a comprehensive range of benefits, highlighting our commitment to the well-being and success of our employees. Here are some of the key points of our offering:

• Total compensation: Earn a comprehensive compensation package that includes annual reviews and performance-based bonuses.
• Work model: We prioritize a hybrid work model based on business needs.
• Stock purchase plan: Become not just an employee, but a Laurentian Bank shareholder. Employer matching takes your investment even further.
• Time off: In addition to paid vacation, we provide floating days and leave options to accommodate the diverse needs of our employees. Plus, as an extra perk, you also get a paid day off to celebrate your birthday.
• Health and wellness: Take care of your health and well-being with access to healthcare professionals, our Employee and Family Assistance Program (EFAP), and a Stress Management and Well-Being Program.
• Group insurance and pension: We offer a competitive insurance program based on your family’s needs and a defined contribution pension plan to help prepare for your future.
• Financial benefits: As a Laurentian Bank employee, you’re also the best ambassador for our products and services. Take advantage of employee-only offers on a wide range of products. Enjoy exclusive deals and preferred rates on products and services including insurance, hotels, train tickets, spas and many more.
  
  

We are committed to creating a fulfilling professional environment where your skills are valued, and your well-being is a priority. Join us for a rewarding career at Laurentian Bank.

Inclusion and Accessibility

At Laurentian Bank, we believe everyone belongs. We are committed to fostering an inclusive work environment that reflects the diversity of our customers and our communities and where everyone feels like they belong and can thrive. To this end, we encourage applications from individuals from equity-deserving groups, including Indigenous persons, racialized and persons with disabilities, marginalized genders and the 2SLGBTQIA+ community.

We strive to offer a flexible and accessible work experience that is inclusive of everyone. If at any time you need an accommodation, please let us know.

PIPEDA

We may collect, use or disclose your personal information for the purpose of establishing an employment relationship with you.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Banking

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