Title:  Associate Director, ALM (18 Month Contract)

Requisition ID: 261556 

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The role: 

The Associate Director, ALM will lead the Bank’s ALM reporting and analysis activities by monitoring structural interest rate risk (SIRR) exposures/interest rate risk in the banking book (IRRBB), ensuring compliance with internal limits and regulatory requirements, and delivering timely, insightful reporting to support balance sheet management and strategic decision-making.

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

• Lead and oversee Structural Interest Rate Risk (SIRR)/Interest Rate Risk in Banking Book (IRRBB) reporting of the Bank through risk measurements to ensure business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures.
• Monitor the Bank’s SIRR exposures and compliance with approved limits, prepares management and regulatory reports under OSFI B-12 (Gap, NII, EVE, KRDs and other stress testing reports under OSFI B12 regulations).
• Analyze weekly and monthly fluctuations in the balance sheet and SIRR exposures, and provide meaningful insights for management reporting, planning and hedging strategies.
• Manage SIRR data sourced from the enterprise data lakes to ensure alignment with business requirement and in compliance with RDARR.
• Other responsibilities may include participation and collaboration with various teams involve Quantitative Risk Management (QRM) project as Group Treasury transitions to new ALM model. This includes data transformation, data verification, reporting and system enhancements, testing end-to-end of QRM, etc.

Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:

• Undergraduate University degree in Business, Accounting, Finance, Statistics, Economics, coupled with an Accounting designation (CPA), masters level program or CFA or FRM either attained or well underway.
• Minimum of 5-10 years banking experience, preferably in Group Treasury, Assets and Liability Management, SIRR, IRRBB, or Treasury Risk Management
• Strong understanding and background of balance sheet and banking products
• Solid understanding of interest rate risk measurement techniques and appropriate application
• Excellent analytical skills to identify and evaluate unusual numbers and trends and to evaluate their relevance to the Bank's interest rate risk strong knowledge of banking products
• Excellent verbal and written communication skills for preparing commentary to Executive audience
• Advanced level skills in Excel, SQL and computer systems required; knowledge in data management applications such as Python and Power BI an asset
• Strong team player with excellent communication skills; ability to multi-task, attain deadlines, perform well under pressure, and change priorities as needed
• Knowledge of ALM models such as Bancware or QRM is preferred but not required

What’s in it for you?

• A rewarding career path with diverse opportunities for professional development
• An organization committed to making a difference in our communities – for you and our customers.
• A competitive rewards program including bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day. 
• Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
• Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.

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, please click here. 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.