Associate Director, GBM Treasury
Requisition ID: 191592
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
Under the direction of the Director, GBM Treasury, this role is accountable for assisting in ensuring business strategies, plans and initiatives are executed and delivered in compliance with governing regulations, internal policies and procedures.
The individual will develop a solid understanding of GBM business line strategies (Capital Markets) and with this knowledge assist in providing guidance to the Director, GBM Treasury on liquidity and funding risk mitigation and optimization.
GBM Treasury serves as the single point of strategic leadership and has accountability for GBM financial resource utilization including liquidity, balance sheet, and capital within the Bank.
Accountabilities
Support the Director, GBM Treasury, in managing capital, liquidity and funding requirements associated with the business activity of GBM with the goal of optimizing balance sheet and funding utilization of the division
Assist in collating relevant information from GT verticals including Liquidity and Funding Management to assess impact to key metrics such as stress testing, LCR, NSFR from the divisions’ forecasted business activity and long-term strategic plans
Assist the Director, GBM Treasury, in developing appropriate tools and internal reporting to monitor utilization allocated resources for the Capital Markets Business
Identify opportunities to optimize the liability side of the broader GBM balance sheet
Support the production and delivery of ad-hoc and strategic analysis / presentations to senior management with respect to capital, liquidity and related metrics for individual businesses within the division
Work to develop data visualization tools such as Power BI to enhance management’s view on financial resource management and optimization within the division.
Support the review of regulatory changes affecting funding and how they impact the GBM division and assist in liaising with the businesses on the internal application of these proposals
Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions
Create an environment in which his/her team pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk
Education/Experience
Bachelor’s degree in business, finance, mathematics or economics is a must
Master’s degree, recognized Professional designation in a specialized area of finance or business (CFA/Accounting), is an asset
3+ years of experience in a related field Treasury, Capital Markets, Liquidity Risk Management or Treasury Strategy role at a bulge bracket bank
In-depth knowledge of functions and activities including liquidity and funding risks associated with secured funding, prime brokerage, derivatives and commitments products
Proficient in banking regulations (LCR, NSFR, NCCF) and sound practices (Basel, OSFI, etc.)
Ability to understand the regulatory environment in all regions and potential effects on investment, liquidity, structural risk and ALM activities
Ability to review balance sheet and business funding usage including forecasting
Results driven with the ability to deal with complex issues and lead
Strong interpersonal, organizational and project management skills and an ability to work in a fast-paced environment with multiple priorities
Superior communication skills with ability to influence executives across the organization
Experience with PowerBI or similar data visualization tools
High proficiency with Excel and SQL are considered assets
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.