Treasury Analyst

EQ Bank | Equitable Bank; Toronto; On-site; CAD 60,000 - 100,000; Full time

Job summary

Join EQ Bank, Canada's Challenger Bank, as a Treasury Analyst. In this role, you will be responsible for data management to support hedge accounting, asset pricing, and collateral management. You'll collaborate across teams to manage risks effectively, and your innovations will help transform the banking experience. We value problem solvers with strong analytical skills who can bring detailed attention and effective communication to our growing team.

Benefits

Competitive discretionary bonus

Market leading RRSP match program

Medical, dental, vision, life, and disability benefits

Employee Share Purchase Plan

Generous vacation policy and personal days

Annual professional development allowance

Qualifications

• 1+ year of experience related to financial models.
• CFA designation or candidate preferred.
• Understanding of accounting principles.

Responsibilities

• Manage hedge accounting activities and asset pricing models.
• Support collateral management and validate derivative portfolio valuations.
• Prepare data for ALCO and Board reporting.

Skills

Analytical thinking

Effective communication

Attention to detail

Problem solving

Education

Bachelor's degree in finance, engineering, math, computer science, or related field

Tools

Excel VBA

SQL

Job description

Join a Challenger

Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.

We are a big (and growing!) family. Overall we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.

The Work

The incumbent is responsible fordata management (extraction/validation/reporting) to support several key Treasury functions, including hedge accounting activities, derivative valuations, and collateral management. The incumbent will also be involved in asset pricing modelmaintenance and other ad-hoc projects.

The role is in the Treasury group. Equitable's Treasury group is responsible for directly managing numerous risks within the bank, including the Bank’s funding risk, liquidity risk, interest rate risk, market risk and pricing risk. Treasury partners with businesses to ensure all risks are managed and works closely with finance to ensure activities are appropriately reflected in financial statements. Treasury staff have opportunities for exposure to a variety of business units across the bank and to have an impact on the Bank’s performance.

Hedge Accounting (30%)

• Support Treasury’s hedge accounting activities
• Strategy: This includes development of new hedge accounting strategies (in conjunction with the Accounting team)
• Model Development: Develop hedge accounting models and work with the Analytics team for system migration
• Pre-trade: Support trade desk by identifying assets or liabilities available for hedge accounting designations
• Post-trade: Prepare initial hedge accounting documentation and investigate any issues, and explain hedge accounting inefficiency
• Support hedging activities related to compensation liabilities.
  
  
  
  

Asset Pricing Model Support (30%)

• Provide user support for various pricing models for SFR and Commercial
• Manage assumption review/update processes.
• Improve the model documentation and reporting
• Understand and enhance the underlying pricing models (VBA coding in Microsoft Excel)
  
  
  
  

Collateral Management (20%)

• Monitor derivative portfolio valuation and validate counterparties’ margin calls.
• Improve margin call process (i.e. automate the data extraction).
• Manage collateral process for Equitable Bank. Interact with Concentra for collateral management.
• Manage various collateral reports (internal and regulatory).
  
  
  
  

Other Departmental Support (20%)

• Prepare data for ALCO and Board reporting.
• Prepare other quarter-end reports.
• Provide support on ad-hoc analysis
  
  
  
  

Let's Talk About You!

• Bachelor’s degree in finance engineering, math, computer science, or related field
• At least 1 year of work experience related to financial models, preferably with development responsibility
• Advanced knowledge of Excel VBA and SQL, prior coding experience would be an asset.
• CFA designation or candidate would be an asset.
• Understanding of accounting principles.
• Keen interest in financial markets with a strong desire/ability to learn new concepts
• Strong attention to detail.
• Effective verbal and written communication skills.
• Excellent analytical and critical thinking abilities
• Ability to function independently, be proactive in using internal and external resources to achieve results
• Problem solver with sound judgement who likes to take initiative, accepts ownership and accountability on given assignments
  
  
  
  

What we offer [For full-time permanent roles]

Competitive discretionary bonus

Market leading RRSP match program

???? Medical, dental, vision, life, and disability benefits

Employee Share Purchase Plan

Maternity/Parental top-up while you care for your little one

Generous vacation policy and personal days

Virtual events to connect with your fellow colleagues

Annual professional development allowance and a comprehensive Career Development program

A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well.

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We can’t wait to get to know you!