Associate Director, Liquidity Strategy

Scotiabank•Toronto, ON

2d•Onsite

About The Position

The position is responsible for assisting in the management of liquidity strategy development, planning and execution for both business as usual and contingency planning. The role will also assist with the coordination of the Bank’s financial resource management by monitoring the reporting of the Bank’s liquidity risk metrics to assist with the proactive management of the Bank’s liquidity position. The role is also integral in coordinating policy and project tasks for Group Treasury’s liquidity management.

Requirements

Undergraduate degree in business, finance, mathematics or accounting is required.
Minimum of 5-7 years progressively senior experience in banking with a focus on treasury, capital markets, or risk management.
In depth knowledge of OSFI and Basel liquidity regulatory requirements.
Strong background in Recovery and Resolution planning in a Canadian DSIB environment.
Well-developed project management skills.
Strong verbal and written communication skills including experience communicating with C-Suite stakeholders.
Well-developed strategic thinking and relationship building skills.
Highly organized and highly accurate with a strong internal control focus.

Nice To Haves

Post graduate qualification with finance or business specialization is an asset.
CPA/ CFA designation is an asset.

Responsibilities

Support the Director to ensure that Scotiabank meets the OSFI contingency planning and CDIC Resolution Planning requirements. This includes assisting with the update of the Scotiabank Recovery and Resolution Plans. It also includes proposing and supporting the enhancement of the Bank’s crisis management capabilities related to liquidity monitoring and reporting, liquidity scenario modeling and intraday liquidity and collateral management.
Lead the update of the Group Treasury requirements for Financial Market Intermediaries (FMI) Contingency Plans. This includes ongoing data collection, reporting and analysis of FMI collateral requirements to support BAU requirements and Contingency Planning. Support the GT Collateral Management team on strategies to optimize the Bank’s collateral management, with specific focus on Group Treasury collateral positions.
Support the update and calibration of the daily Early Warning and Liquidity Risk Indicators dashboard to ensure the timeliness and relevance of the Bank’s early warning framework for potential liquidity risk events.
Support strategic business initiatives (including customer categorization, operational deposits targeting and other deposit growth initiatives) and advise on product development. Partner with Liquidity Risk Reporting (regulatory and internal) and Funds Transfer Pricing Management to provide insights on the alignment of incentives focused on liquidity and funding risk mitigation.
Contribute (Business Lead) to development and implementation of project plans related to enhancement of the Bank’s Liquidity Management and Reporting capabilities.
Support the Director to develop, maintain and operationalize the Scotiabank Liquidity Management Strategy including the Bank’s Contingency Funding Plan.
Partner with Business Lines develop deposit strategies for supporting business lines to grow quality deposits.
Responsible for the CDIC Resolution Plan financial feasibility model and narrative end-to-end process and model continuous enhancement.
Drive improved efficiency in Financial Market Infrastructure management, intraday cash and collateral management by partnering with the Cash and Collateral Management team.
Actively participate in the development and testing of the Group Treasury components of the Scotiabank Crisis Management Plan and the Scotiabank Resolution Plan.
Support Group Treasury modernization and efficiency initiatives technology roadmap and ensure that liquidity strategy considerations are included in these initiatives ELA modernization.
Responsible for longer-term projects and strategy development within Group Liquidity Management.