Associate, U.S. Treasury - Liquidity Reporting & Analytics

Banque Scotia (Bank of Nova Scotia) • New York City, NY

71d • $90,000 - $167,200

About The Position

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. The Associate, U.S. Treasury - Liquidity Reporting & Analytics position at Scotiabank involves supporting the U.S. Treasury team to ensure regulatory compliance, prepare and enhance liquidity reporting & analytics, achieve data integrity, and execute U.S. Treasury strategy. This role is crucial in supporting the Bank's growth efforts, strengthening the existing liquidity reporting framework and ensuring preparedness for Category III FBO requirements. The incumbent will connect various facets of liquidity management including payment flows related to all major currencies through various reports such as Daily Fed 6G / FR 2052a Reporting, Liquidity Coverage Ratio, Daily Liquidity Stress Test, and more.

Requirements

• Bachelor's degree in business, accounting, finance, mathematics or economics. A non-business degree combined with CFA or FRM would be acceptable.
• 4+ years of experience in financial services, focusing on treasury or liquidity risk. Alternatively, a master's degree with 3+ years of related experience.
• Working knowledge of assumption methodologies for Internal Liquidity Stress Testing (ILST) across different scenarios.
• Familiarity with reporting one or more of: Regulation YY or QQ compliance requirements covering Liquidity Coverage Ratio (LCR), Cash Flow Projections, Sources & Uses, Net Stable Funding Ratio (NSFR), Resolution Planning is an asset.
• Exposure to automating reporting or analytical procedures with a programming ability in Python is strongly preferred.
• Strong communication skills for discussions with management and different departments.

Responsibilities

• Ensure report compliance with U.S. regulatory requirements such as Enhanced Prudential Standards (Regulation YY), Resolution Plans (Regulation QQ), and support with implementation of any required changes based on regulatory reporting standards and guidelines.
• Actively participate in developing the U.S. Liquidity Stress Testing (LST) program and enhance methodologies for changing market conditions, new business initiatives, and evolving regulatory expectations.
• Assist with the U.S. Liquidity Reporting Framework to ensure production and delivery of complete, accurate and timely liquidity reports for meeting internal and regulatory needs.
• Provide preliminary oversight over deliverables by reviewing liquidity reporting with consideration to the Bank's risk appetite, including investigating any material variances.
• Identify any abnormalities in the data, investigate the root cause, and work with team members to resolve and develop management summaries of liquidity positioning, risk drivers and trends.
• Contribute and participate in the resolution of items raised by regulatory, and internal and external compliance bodies on reporting content and processes.
• Deliver actionable insights through ad-hoc analytics and reporting as requested by senior management.
• Work and communicate with other stakeholders (2nd line and 3rd line) to identify, mitigate and/or resolve any issues related to U.S. Liquidity.
• Pursue effective and efficient operations while ensuring adherence to day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk.

Benefits

• Flexible benefit programs designed to support unique family, financial, physical, mental, and social health needs.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees