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As part of its mandate, Group Treasury manages the bank's liquidity and structural interest rate risk, and work closely with the Finance/Accounting units in reviewing and proposing changes to Fund Transfer Pricing ("FTP") methodologies. The incumbent will assist the Director, ALM, and his team in
1) Assessing the quantitative impacts on structural interest rate and liquidity exposures on new and existing methodologies.
2) Developing hedging and balance sheet tools/analytics for both balance sheet management and fund transfer pricing.
3) Quantify changes to balance sheet due to regulatory and balance sheet structure changes.
Working in a team environment, the role is geared toward a technical competent individual with financial experience. The individual will be working collaboratively with both internal and external stakeholders. Further, the candidate must display strong multi-tasking capabilities and demonstrate an ability to identify process improvement opportunities.
. Develop, implement, test, and utilize sophisticated quantitative tools for management of hedging and FTP purposes
. Formulate, propose, and communicate with management and hedging teams on FTP methodologies on both product-by-product and portfolio basis.
. Develop, adjust, and calibrate the parameters in the analysis of Fund Transfer Pricing methodologies and Structural Interest Rate Risk models.
. Work closely with the Hedging Team, Global Risk Management, and Business Line Finance/Comptroller teams on the various reporting and exposure measurement issues.
The incumbent must have:
. Highly competent in programming languages, with thorough knowledge in statistical and data management software: Visual Basic, C++, SAS, MatLab, and SQL.
. Strong understanding of interest rate market dynamics with minimum 2-years of experience in interest rate derivative products and related sensitivities
. Competent knowledge of financial and management accounting principles.
. Able to work independently and on multiple deliverables at the same time
. Strong presentation and communication skills, both oral and written
. Excellent analytical, problem-solving, conceptualization, and strategic thinking skills
. Ability to communicate technical and analytical concepts to a broad range of stakeholders
. Graduate degree in Business with undergraduate/graduate degree in computer engineering or mathematics
. Minimum 2 years of experience at a top-tier financial institution, preferably with knowledge in interest rate products, fund transfer pricing, and risk management.
. CFA designation is preferred.
. Model development and numerical analysis experiences are an asset.
To apply for this position please CLICK HERE
Scotiabank is an equal opportunity employer and welcomes applications from all interested parties. We thank you for your interest, however, only those candidates selected for an interview will be contacted. No agencies please.