Associate, Balance Sheet Management

Scotiabank; Northern (KY); Hybrid; USD 90,000 - 135,000; Full time

Job summary

Scotiabank's Global Banking and Markets in New York City is seeking an Associate, Balance Sheet Management to help optimize liquidity and balance sheet growth within US Treasury. You will build reporting structures, analyze liquidity metrics, and support governance processes.

The role collaborates with business lines to review initiatives, enhances forecasting capabilities, and ensures compliance with internal policies and regulatory requirements while supporting a high-performance, inclusive

Qualifications

• Undergraduate or graduate degree in business, finance or economics preferred; CFA may be acceptable
• Strong analytical skills with proficiency in PowerPoint, Excel, Tableau, Axiom and Bloomberg
• Experience in Treasury, Liquidity Management or Liquidity Reporting is preferred

Responsibilities

• Develop scope, structure and ongoing reporting of the Bank’s US Treasury liquidity and balance sheet management reports.
• Analyze and forecast US liquidity metrics and align with Head Office and Business Lines.
• Reconcile, analyze and improve US Treasury reports with governance, roles and responsibilities defined.
• Collaborate with business lines to review and structure new initiatives from liquidity and balance sheet perspective.
• Assist in preparation and distribution of US ALCO materials and committee reports.
• Enhance balance sheet management processes, liquidity forecasting and interest rate risk management.
• Support intraday and collateral management framework related to Reg YY EPS.
• Adhere to internal policies and regulatory requirements applicable to US Treasury.
• Contribute to risk mitigation strategies for liquidity and balance sheet management

Skills

Advanced analytics

PowerPoint

Excel

Tableau

Axiom

Bloomberg

Education

Bachelor's degree in business/finance/economics

CFA designation considered

Tools

PowerPoint

Excel

Tableau

Axiom

Bloomberg

Job description

Title: Associate, Balance Sheet Management

Global Banking and Markets

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!

Purpose

Contributes to the overall success of the U.S. Treasury ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensure all activities conducted are in compliance with governing regulations, internal policies and procedures.The incumbent is responsible to ensure U.S. Treasury builds and maintains effective relationships with the U.S. GBM businesses to optimize liquidity, balance sheet positioning and drive both profitable and sustainable balance sheet growth.

What You'll Do

• Responsible for the development of scope, structure and on-going reporting of the Bank’s US Treasury liquidity and balance sheet management reports. This includes analysis of all major Treasury reports as well as specific recommendations for improving overall efficiency as it relates to the US Balance Sheet.
• Support the production and analysis of U.S. liquidity metrics forecasting while ensuring alignment with Head Office and Business Lines, with a focus on strengthening liquidity forecasting capabilities.
• Liaison with major business lines to reconcile, analyze and improve US Treasury reports including where necessary, building out US Governance, roles and responsibilities, reporting and overall coordination of business line reviews including both unsecured and secured funding markets.
• Collaborate with business lines and stakeholders to ensure existing business expansion and new initiatives are reviewed and structured efficiently from a liquidity and balance sheet management perspective.
• Support U.S. ALCO secretary in the preparation, coordination, and distribution of U.S. ALCO and management committee materials.
• Contribute to the continuous enhancement of Balance Sheet Management operating processes and management reporting capabilities, with a focus on liquidity forecast back testing, liquidity management, and interest rate risk management.
• Enhance the intraday and collateral management framework as it relates to Reg YY EPS.
• Adhere to internal policies, standards, and regulatory requirements applicable to US Treasury.
• Support the development and deployment of strategies designed to mitigate liquidity risks and optimize balance sheet management.
• Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operations risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the aforementioned Frameworks.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Champions a high-performance environment and contributes to an inclusive work environment.

What You'll Bring

• Undergraduate degree or graduate degree in business, finance or economics preferred. Non-business degree combined with CFA would be acceptable.
• Strong analytical skills including extensive facility with PowerPoint, Excel, Tableau, Axiom and Bloomberg among others.
• The ability to be precise and there is a strong need to be able to multi-task and be detailed oriented
• Strong knowledge of and prior experience in Treasury, Liquidity Management, and/or Liquidity Reporting is preferred.
• Strong attention to detail and strong oral and written communication skills

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

#GBM

Nearest Major Market:

New York City

Job Segment:

Sustainability, M&A, Manager, CFA, Equity, Energy, Management, Finance