Senior Analyst, Treasury Consulting

Join a Challenger

Being a traditional bank just isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.

Our company continues to grow, and today we serve more than 780,000 customers across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly‑owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $138 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives.

Our customers have named our EQ Bank digital platform () one of the top banks in Canada on the Forbes World's Best Banks list since 2021.

The Senior Analyst, Treasury Consulting, SFM is responsible for managing the Asset Liability Management (ALM) modeling for credit union clients across Canada. They provide expert advice to credit union clients in the areas of interest rate risk (IRR), profitability, liquidity, and capital management. This role manages modeling for their client portfolio and works with credit unions to develop appropriate assumptions pertaining to balance sheet forecasts, rate movements, and other applicable areas.

It also provides support within the Treasury Consulting team in other activities related to model enhancement, training, client engagements, and other product lines such as the weekly interest‑rate bulletin, credit underwriting for foreign‑exchange forwards and credit‑union lines of credit (LOC’s), and liquidity advisory service to credit unions.

• Measurement, Analysis, and Reporting of Interest Rate Risk, Profitability, Liquidity, and Capital metrics – 70%
• Execute higher‑value/more complex client balance‑sheet simulations to generate results for interest‑rate risk position, profitability/liquidity, and capital projections.
• Back‑test model results, identify gaps and areas to improve assumption accuracy.
• Consult with clients to collect, adjust, or enhance modeling assumptions.
• Develop and input key assumptions into simulation model, ensuring accuracy and integrity of all data inputs and assumptions used to assess interest‑rate risk (IRR) exposures.
• Modify any input/output processes to accommodate new products or attributes for client models.
• Manage IRR modeling process to accommodate changes to behavioral assumptions and any new products or features being introduced. Tweak model setting and develop new reporting as needed to analyze results.
• Continually explore opportunities to enhance existing processes to increase operating efficiencies and shorten reporting timelines.
• Comprehensive understanding of regulatory requirements in all provinces (LCR, NSFR, NCCF, etc) and ability to forecast results to support credit union management in strategic decision making.

• Provide oversight of IRR reporting to ALCO, the Board, and for regulatory purposes through written reports utilizing Microsoft Word outlining results of model.
• Assess how credit union’s IRR position has changed between models by utilizing key metrics such as earnings at risk (EAR) and economic value of equity (EVE).
• Evaluate credit unions’ changing profitability, liquidity, and capital position and identify key drivers of change (rates, balance‑sheet trends, etc.).
• Apply knowledge to provide credit unions guidance or recommendations on management of interest‑rate risk metrics, profitability, liquidity, and capital management.
• Provide timely measurement of interest‑rate risk and enhance reporting to support effective decision making. Provide support for forward‑looking discussions within ALCO. Ensure integrity of results and provide insights into results and explanation of drivers of change.

• Organize and facilitate debriefing calls with clients to review report findings, recommendations, and address questions.
• Participate in Asset Liability Committee (ALCO) meetings with senior members of credit union organizations, providing insight into reporting results…