Treasury Analyst

Kinvie; Toronto; Hybrid; CAD 75,000 - 110,000; Full time

Benefits offered by this job

Competitive discretionary bonus

RRSP match program

Medical, dental, vision, life, and/or?

Job summary

Equitable Bank, operating as EQ Bank, is seeking a Treasury data management professional to support hedge accounting, asset pricing models, and collateral management within the Treasury group. The role emphasizes data extraction/validation/reporting for hedge accounting, pricing, and collateral workflows, with exposure across various bank risk areas and cross-functional collaboration.

The incumbent will work in a hybrid setup, with in-office time at EQ Bank’s space in Toronto, and will interact

Qualifications

• Bachelor's degree in finance, engineering, math, CS or related field.
• At least 1 year of work experience related to financial models.
• Advanced knowledge of Excel VBA and SQL; 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.
• Analytical and critical thinking abilities.
• Ability to function independently, be proactive in using internal and external resources to achieve results.

Responsibilities

• Hedge accounting support including strategy development, model development, pre-trade and post-trade documentation.
• Support hedging activities related to compensation liabilities.
• Asset pricing model support for mortgage pricing and ROE pricing migration.
• Collateral management, including monitoring derivative valuations and margin calls; automating data extraction.
• Support OSFI and management reporting; prepare data for ALCO and Board reports.

Skills

Analytical skills

Attention to detail

Verbal & written communication

Problem solving

Independent work

Education

Bachelor's degree in finance, engineering, math, CS

Tools

Excel VBA

SQL

Job description

Join a Challenger

At EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions.

We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.

What's kept us moving? The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.

If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity.

We can't wait to get to know you!

The Work

The incumbent is responsible for data 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 model maintenance and other ad-hoc projects.

The role is in the Treasury group. Equitable Bank'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.

The Core Responsibilities

1. Hedge Accounting (30%) This function supports the management of the Bank's interest rate risk
   
   
   
   • Support Treasury's hedge accounting activities
     
     
     
     • Strategy: This includes development of new hedge accounting strategies (in conjunction with 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
   
   
   
   


2. Asset Pricing Model Support (30%) This function supports Bank's mortgage pricing activities
   
   
   
   • Provide user support for various pricing models for SFR and Commercial
   
   
   • Manage assumption review/update processes
   
   
   • Improve the model documentation and reporting
   
   
   • Manage the ROE pricing application migration
   
   
   
   


3. Collateral Management (20%) This function supports the management of the Bank's margin positions
   
   
   
   • 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)
   
   
   
   


4. Other Departmental Support (20%) This function supports the financial reporting process, OSFI reporting and management reporting
   
   
   
   • 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

Professional development and comprehensive Career Development program

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

The incumbent will be working hybrid and in office time will be spent working from EQ Bank's additional office space located at 2200-25 Ontario Street, Toronto, ON.

Equity, Diversity & Inclusion

EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported. We believe our organization is stronger — and our people thrive — when we honour and celebrate diverse experiences, identities, and perspectives. We're equally committed to supporting your growth, both professionally and personally.

We provide a barrier‑free recruitment process and work environment. If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond.

As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application, an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.

EQB Inc. (TSX: EQB) is the parent company of Equitable Bank, the country's seventh-largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank™. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration.

To learn more, visit eqb.investorroom.com and eqbank.ca.