Title:  Associate Director, ALM Strategy

Requisition ID: 263114 

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

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 

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.