Scotiabank

Associate, Balance Sheet Management

Scotiabank • $80K — $95K *
New York, NY 10025In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Undergraduate or graduate degree in business, finance, or economics preferred.
  • Non-business degree with CFA accepted.
  • Strong analytical skills with proficiency in PowerPoint, Excel, Tableau, Axiom, and Bloomberg.
  • Experience in Treasury, Liquidity Management, or Liquidity Reporting preferred.
  • Attention to detail with strong verbal and written communication skills.

Responsibilities

  • Develop and report on US Treasury liquidity and balance sheet management metrics.
  • Analyze U.S. liquidity forecasting while aligning with business lines and Head Office.
  • Liaise with business lines to enhance US Treasury reporting and governance.
  • Collaborate on business expansion initiatives from a liquidity management perspective.
  • Prepare materials for U.S. ALCO and management committees.
  • Enhance processes related to balance sheet management and liquidity forecasting.
  • Support strategies to mitigate liquidity risks and optimize balance sheet management.

Benefits

  • Flexible benefit programs focused on family, financial, physical, mental, and social health.
  • Opportunities for personal growth and career development in a supportive environment.
Full Job Description
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


Interested?

If your experience is closely related but doesn't align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

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

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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