Treasury Consulting Analyst

Overview

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 team is made up of inquisitive and agile challengers that break through the status quo. If you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity.

Our company continues to grow. 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 Treasury Consulting Analyst, SFM will be responsible for performing the Asset Liability Management (ALM) modeling for credit union clients across Canada. In this role, the Consulting Analyst works with credit unions to develop appropriate assumptions pertaining to balance sheet forecasts, rate movements, and other applicable areas to run the ALM modeling for client portfolios. The analyst provides professional advice to credit union clients in the areas of interest rate risk (IRR), profitability, liquidity, and capital management.

The Core parts of your role include:

• Measurement, analysis, and reporting of Interest Rate Risk, Profitability, Liquidity, and Capital metrics – 70%
• Execute client balance sheet simulations to generate results for interest rate risk position, profitability/liquidity, and capital projections.
• Back-test model results to 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 IRR exposures.
• Modify input/output processes to accommodate new products or attributes for client models.
• Manage the IRR modeling process to accommodate changes to behavioral assumptions and any new products or features; tweak model settings and develop new reporting as needed.
• Continually explore opportunities to enhance existing processes to increase operating efficiencies and shorten reporting timelines.
• Basic understanding of regulatory requirements in applicable provinces (LCR, NSFR, NCCF, etc.) and the ability to forecast results to support credit union management in strategic decision making.

• Assess and analyze simulation results while providing recommendations to senior management of credit union clients. Recommendations are provided under the guidance of senior SFM team members.
• Provide oversight of IRR reporting to ALCO, the Board, and for regulatory purposes through written reports outlining results of model.
• Assess how a credit union’s IRR position has changed between models using metrics such as EAR and EVE.
• Evaluate credit unions’ changing profitability, liquidity, and capital position, identifying key drivers of change (rates, balance sheet trends, etc.).
• Apply knowledge to provide guidance or recommendations on management of IRR metrics, profitability, liquidity, and capital management.
• Provide timely measurement of IRR and enhance reporting to support effective decision making, with support for forward-looking discussions within ALCO; ensure integrity of results and provide insights into results and drivers of change.

• Provide consultancy services to credit union clients under senior team member guidance as necessary.
• Organize and facilitate debriefing calls with clients to review report findings, recommendations, and address questions.
• Participate in credit union Asset Liability Committee (ALCO) meetings with support of senior Treasury Consulting team members.
• Develop forward-looking rate or balance sheet scenarios to assess impacts to the credit union.

• Provide support to the…