Treasury Ftp Analyst Jobs

Join a Challenger

Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.

We are a big (and growing!) family. Overall we serve more than 370,000 people 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 5 million members. Together we have over $100 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our EQ Bank platform (eqbank.ca) has been named the top Schedule I Bank in Canada on the Forbes World's Best Banks 2023, 2022, and 2021 lists.

The Work

Treasury is responsible for managing the Bank’s market risk exposure and provide assessment of our products profitability. Funds Transfer Pricing (FTP) is a mechanism that assists financial institutions understand product profitability and its contribution to the bank’s net interest income (NII). Equitable Bank is in the process of developing our FTP process and is looking for an analyst to join the development effort. The incumbent will work under the guidance of the Director of FTP. The opportunity is ideal for a data analyst who has a desire to develop knowledge of treasury and move his/ her career towards a treasury analytics function.

Core Parts of the role Would be:

• Support discussions on FTP approach for new products.
• Work with development team in building FTP modeling
• FTP Project management
• Assess results and explain month over month variance of NIM results
• Develop data workflow documentation. Document data sources and transformation rules for the data development team. Work with development team in building data feeds.
• Document approaches for development, future validation, and audit
• FTP System Development
• Reporting and Analysis
• Document FTP modeling approaches.
• Maintain task schedule and monitor progress. Assist in carrying the project according to the established timeline
• Collaborate with business units to understand data availability and assess data gaps. Gap assessment would include analysis to identify data quality issues. Work with business units to resolve data gaps (if any).
• Develop reporting by product. Produce monthly product reporting packages
• Validate modeling and data output.
• Document FTP approach by product. Create Business Requirements Document (BRD) to be used by development team. Document will reference data sources, data transformations, FTP calculations and FTP data to be saved. Documentation should reference product level FTP as well as mismatch center FTP
• Understand our data ETL process (Extraction, Transformation and Load)
• Support the Finance Department on planning and budgeting of future NIMs. Support departmental questions on results. Support auditor and model risk audits and questions
• Understand business unit products and how the product will be modeled within the FTP system
• Assist in developing processes which support the monthly preparation of FTP reporting.
• Develop FTP model for banking products that allow assessment of business profitability.
• Provide insights to NIM trending
• Build mismatch center analysis. This analysis would assess asset / liability mismatches, effectiveness of hedging, and duration transformation within the mismatch center. It should also calculate breakage on early exits from products.

Lets Talk About You!

• Possess general understanding of accounting principles is ideal
• Proficient in MS Office suite
• Understand ETL approaches and ability to handle complex data from various sources
• Strong SQL skills to query, analyze, and manipulate data
• Quantitative and analytical abilities required. This includes the ability to research approaches and develop statistical inference using the Bank’s proprietary data.
• Demonstrate understanding of valuation of fixed-income and derivative instruments (e.g., bonds, mortgages, interest rate swaps and options)
• Possess or progress towards a CFA designation considered an asset
• Undergraduate or graduate degree, with a focus in Math or Computer science and/ or Finance
• 3+ years of experience in banking, technology and/or Treasury functions with familiarity of valuation approaches and concepts

What we offer [For full-time permanent roles]

💰 Competitive discretionary bonus

✨ Market leading RRSP match program

🩺 Medical, dental, vision, life, and disability benefits

📝 Employee Share Purchase Plan

👶🏽 Maternity/Parental top-up while you care for your little one

🏝 Generous vacation policy, personal days and even a moving day

🖥 Virtual events to connect with your fellow colleagues

🎓 Annual professional development allowance and a comprehensive Career Development program

💛 A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well.

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We can’t wait to get to know you!