Job Information
Scotiabank Manager, Asset Liability Management in Toronto, Ontario
Manager, Asset Liability Management
Requisition ID: 202384
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
The incumbent will be responsible for ensuring the monthly/weekly production of GAP, NII, EVE, Stress Testing under B12 (IRRBB), KRD, and Basis Risk, as well as supports Financial Note Disclosure reporting relating to Structural Interest Rate Risk, the contractual maturity and FMV disclosure.
The incumbent is also responsible for coordinating various stakeholders, business lines and business partners (i.e. IT support) in regards with the ongoing data/system migration, business/market-driven changes/projects (e.g new products), research, development and implementation of new analytics and methods to improve the Bank's asset and liability management paradigm.
This role will be responsible for coordinating and/or executing implementation for any new methodology, new systems and processes applied to ALM reporting; identifying any user findings and raise these within the broader group in the Treasury function to ensure synergies and business requirements are optimized.
The incumbent will also work closely with other product groups and system owners (i.e. bank reporting "sub-systems") in order to understand underlying information, data and content available, what the data means from a business/products perspective and how best to capture and aggregate all relevant data within the ALM framework.
Mandates on SIRR reporting and analysis, model/methodology/parameter/product analysis, data management & system migration and process automation, and involvement in various projects, are shared with other managers of the team on a rotation-basis to ensure sufficient resource allocation and knowledge sharing.
Is this role right for you? In this role, you will be responsible for:
Working with the team in preparing monthly / quarterly reports of GAP, NII, EVE, Stress Testing under B12 (IRRBB), KRD and Basis Risk as well supporting Financial Note Disclosure reporting relating to Structural Interest Rate Risk, the contractual maturity and FMV disclosures.
Managing analysis and reporting of NII&EVE sensitivity of International Banking to ensure compliance with business and regulatory requirements for SIRR/IRRBB as well as alignment with local SIRR management. It also includes improvement of data quality and alignment of methodology/parameter assumptions with local SIRR management, analysis and reporting of main drivers of NII&EVE monthly variance (off-balance sheet hedges, wholesale funding, NMDs).
Manages analysis and reporting of NII&EVE sensitivity of Parent Bank to ensure compliance with business and regulatory requirements for SIRR/IRRBB. It also includes improvement of data quality and alignment of methodology/parameter assumptions from time to time, analysis and reporting of main drivers of NII&EVE monthly variance (off-balance sheet hedges, wholesale funding, bond investments).
Supporting the simulation and analytical processes for ALM/BSM, through product research, relevant variables analysis including consumer behavior impact under different interest rates and its application to income and value simulation; Execute the implementation onto the BancWare system and provide reasonableness assessment of the results.
Performing impact tests and review reasonability of new parameters/model assumptions ensuring consistency with interest rate environment and business rationale.
Supporting the measurement, analysis and reporting of the regular net interest income simulations, analysis and accompanying commentary. Ensure the reasonability of input assumptions (interest rate scenarios, pricing and spread, growth targets, customer term preferences) and that the material variances between the interest rate scenarios are correctly identified and explained.
Maintaining an effective system of internal controls over the ALM reporting process, identifying and documenting the risks and controls of key processes.
Coordinating with key stakeholders and execute implementation of new models and methodologies for ALM reporting to ensure models are implemented as intended.
Coordinating with key stakeholders and execute implementation of ALM reporting for any new data & processes, system upgrade, and market-driven transformation along with quality control and assurance.
Identifying any user findings for new methodologies/systems/processes and raise these within the broader group treasury to ensure synergies and business requirements are optimized.
Working closely with other product groups and system owners (i.e. bank reporting "sub-systems") to understand underlying information, data and content available, what the data means from a business perspective and how best to capture and aggregate all relevant data within the ALM framework.
Working 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? We’d love to work with you if you have the following:
Undergraduate University degree in Business, Accounting/Finance or Computer Science
3+ years work experience, preferably in the Finance Industry, Business Analyst experience an asset
Related post-undergraduate degree/designation (such as CPA,CFA,FRM or MBA) an asset
Advanced level skills in Excel, Access, SQL and computer systems required
Knowledge in ALM applications such as BancWare or QRM an asset
Knowledge in data management applications such as Tableau/Python an asset
Self-starter with excellent analytical and problem solving skills
Strong team player with excellent communication skills
Ability to multi-task, attain deadlines, perform well under pressure, and change priorities as needed
What’s in it for you?
An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
Your career matters! You will have access to career development and progression opportunities.
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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, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . 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.