Associate Director, ALM (18 Month Contract)

Scotiabank•Toronto, ON

3d•Onsite

About The Position

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.

Requirements

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

Nice To Haves

Knowledge of ALM models such as Bancware or QRM is preferred but not required

Responsibilities

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.
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.