Scotiabank

Associate Director, ALM Strategy

Scotiabank • $120K — $150K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Master's degree in Finance, Business, Engineering, Applied Mathematics, Computer Science, or Economics
  • CFA charter holder preferred
  • 5+ years of experience in Bank Treasury, Capital Markets, or related Market Risk areas
  • Strong data management skills
  • Programming skills in Excel (VBA), Bloomberg, QRM, or SQL are highly desirable
  • Excellent communication skills for conveying complex risk-management concepts
  • Expert knowledge of banking book products, fixed income, interest rate derivatives, and relevant hedging strategies

Responsibilities

  • Enhance the Bank's structural interest rate risk management framework using internal systems and data
  • Maintain and improve balance sheet reporting models that inform hedging decisions
  • Create impactful presentations for senior management and ALCOs after synthesizing complex information
  • Act as a subject matter expert on strategic initiatives with Balance Sheet implications
  • Engage in ad-hoc projects assessing interest rate risk and its impact across business lines
  • Integrate the Bank's risk appetite into daily decision-making
  • Cultivate a customer-focused culture within the team to strengthen client relationships

Benefits

  • In-depth training and ongoing coaching for role preparation
  • Be part of a diverse, collaborative, and innovative team
  • Competitive rewards package including performance bonuses and pension matching
  • Health benefits from day one
  • Work-life balance with team events and community involvement
  • Opportunities for career development and progression
Full Job Description
Requisition ID: 263114

The role:

Balance Sheet Management (BSM) within Group Treasury, is responsible for developing policies and strategic framework for the Bank's Structural Interest Rate Risk (SIRR) and Structural Foreign Exchange Risk (SFER). This team plays an active role in developing and implementing initiatives to manage dynamic exposures due to embedded optionality and customer behaviors. As ALM strategies involve use of both on and off-balance sheet products, which can entail significant complexity, this team acts as a central point of contact for developing and operationalizing processes by collaborating with multiple stakeholders in Finance, Risk, Accounting policy, capital management, Hedge accounting etc. The team is also responsible for reporting to senior management and various bank Asset & Liability committees (Alco).

The Associate Director, ALM Strategy will be responsible for developing and maintaining a comprehensive framework for structural interest rate risk management.

Is this role right for you? In this role, you will:

  • Work with internal systems and data to enhance the Bank's structural interest rate risk management framework to facilitate the assessment of potential opportunities and risks
  • Maintain and enhance balance sheet reporting models to supports hedging decisions. Research and develop tools to support hedging processes.
  • Synthesize complex technical information and present high quality and impactful presentations for senior management and various ALCO's
  • Represent the team as a subject matter expert on Bank-wide strategic initiatives with Balance Sheet implications
  • Participate in ad-hoc projects as assigned, particularly related to assessing interest rate risk in the banking book and impact across the different business lines and to the Bank's bottom line
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions
  • Lead and drive a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.


Do you have the skills that will enable you to succeed? We'd love to work with you if you have experience with:

  • Master's in Finance, Business, Engineering, Applied Mathematics, Computer Science or Economics
  • CFA charter holder preferred
  • 5+ years of experience in a Bank Treasury, Capital Markets and/or Market Risk related function areas
  • Strong proficiency in data management is required.
  • Programming capability in Excel (VBA), Bloomberg, QRM, or SQL is highly desirable.
  • Excellent verbal and written communication skills, with the ability to understand and explain the relationship and constraints between risk management, margin optimization, and accounting treatment
  • Expert understanding of banking book products, fixed income and interest rate derivatives, global markets, hedging strategies, and hedge accounting
  • Fluency with features and financial risks associated with trading and banking products
  • Superior analytical and quantitative skills
  • Self-starter, proactive and take action with minimal supervision
  • Ability to stay organized and balance a number of deliverables
  • Attention to detail and focus on accuracy


What's in it for you?

  • In-depth training to prepare you for the role, as well as ongoing coaching and feedback to help you succeed!
  • You'll be part of a diverse, collaborative, innovative, and high-performing team
  • We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching Health Benefits from day one!
  • You will relish work-life balance, team events, and opportunities to participate in the community.
  • Your career matters! You will have access to career development and progression opportunities.


Location(s): Canada : Ontario : Toronto

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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