Requisition ID: 102701Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Job Purpose
The Senior Manager supports the Director in developing sustainable and value-added treasury analysis and recommendations to solve financial problems/issues which requires understanding, design, building, implementing of requirements as it relates to Balance Sheet Management, Capital Management, Hedging, Investments, Liquidity, Recovery and Resolution Planning and Management, Credit Management, Funding Management, FX, Valuations, Treasury Performance, including FTP. The incumbent is a strong team player working closely with other areas in International Banking and the Bank in Canada. The incumbent requires the experience and insight to deliver and execute value added /enhancement strategies on a timely basis. The incumbent also requires excellent knowledge of capital markets, finance, risk management and hedging instruments.
Key Accountabilities
1) Support the development and implementation of a robust analytical infrastructure required to execute disciplined liquidity management, investments, hedging, funding, credit management, balance sheet and capital optimization as well as revenue enhancement strategies across all IB Treasury units and at the consolidated level by:
a. assessing Treasury performance, based on complete and concise analytics, providing feedback to the SVP; IB Treasury / Country Management regarding opportunities for improvement
b. assessing the performance of Funds Transfer Pricing (FTP) strategies and Treasury related Profit & Loss (P&L) impacts
c. developing a quantitative framework to support balance sheet & capital management, investment, liquidity, hedging strategies and risk mitigation techniques
d. developing effective metrics to monitor Treasury exposures and performance and enhance reporting to executive management
2) Under the leadership of the Director provide subject matter expertise for Treasury specific analytics in order to provide advice and counsel to management with regards to the overall framework and information required to execute strategies by:
a. Supporting the formulation and execution of Balance sheet Management, Hedging Strategies to maximize and protect IBs net income as well as interest margin given its Balance Sheet Structure, the expected impact of customer preferences in our retail and wholesale products and market expectations
b. Defining data requirements and timely quantify the aggregate and individual unit current and optimized exposures related to Treasury activities related to funding, liquidity, balance sheet and capital management.
c. Proving subject matter expertise to help resolve treasury-related issues as well as providing advice to business lines on new products or upcoming treasury-related topics/issues.
d. Collaborating with GRM, Finance and GT to develop and implement effective hedge accounting relationships for Balance Sheet & Capital Management purposes to reduce income volatility.
3) Ensure alignment and operating efficiencies by:
a. Collaborating with other IB Treasury teams on projects
b. Providing inputs to treasury specific analytical requirements across the division
c. Based on complete and concise analysis, assessing Treasury performance and providing feedback to the SVP; IB Treasury / Country Management regarding opportunities for improvement
d. Sharing best practices among in-country Treasury resources and Country Heads
4) Compliance, Policy & Procedural Adherence:
a. Ensure compliance is maintained across the Region as per established Bank standards & guidelines and required regulation
b. Assist/Advise units in the design and quantification of certain metrics to comply with regulatory requirements
c. Monitoring results through review, analysis and trending reports and discussions with the countries to make informed decisions regarding the quality of policy, regulatory and AML/KYC compliance
d. In collaboration with Regional Treasurers and local treasury teams, develop courses of corrective action to resolve any noted variances. As needed, advice/input from various partner experts may be sought for further guidance assistance
Functional Competencies
The incumbent requires an expert knowledge of International Bankings Treasury environments including the ability to anticipate obstacles that may need to be addressed to maximize acceptance and ownership by District / Country teams for proactive balance sheet and capital management activities. An excellent knowledge of proven treasury techniques and disciplines is required. A detailed knowledge of the IB Treasury methodology and strategy, as well as the local competitive landscape and Scotiabanks competitive positioning within the market are required.
The incumbent must possess a thorough knowledge of the Banks Treasury mandate, methods, models, policies, protocols, compliance requirements and standard operating procedures. The incumbent must have the ability to coach and apply acquired knowledge and experience to accurately and in a timely manner, identify and deal with problems or issues including negotiations with Country and other treasury partners. The incumbent must work to build and maintain strong relationships with various teams
supporting the Treasury function, in order to effect the changes or results desired and are able to influence and persuade others.
The incumbent must have the superior analytical skills required to analyze a broad range of information, statistics, reports and balance sheet and other reseach material. They must also be able to identify trends in key areas of the treasury environment, recommending and participating in appropriate corrective action when necessary. The incumbent must make effective use of the automated tools provided to enhance analysis and streamline procedures.
The incumbent must possess strong leadership skills and must set a positive example for change and encourage others to do the same. He/she must have the ability to motivate others with whom they come into regular contact and must demonstrate highly refined interpersonal and communication skills, both written and verbal. The ability to adapt to various management styles, displaying flexibility and understanding and with strong determination to effect change is important in effective communication with Treasury personnel in order to promote and foster important change. The incumbent must often negotiate with Country and local Treasury Management regarding the implementation of new and enhanced deposit products, support understanding of credit policies and funding proposals where warranted. In this regard, it is paramount that the individual be able to show positively, the value of this resource and how this support role will assist in achieving the overall objectives of the Country and Treasury. Therefore, tact and
diplomacy are extremely important in this role. To support this role it is important that a keen awareness of all the various initiatives being considered and rolled-out be maintained to effectively provide advice and develop solutions on various issues. In order to maintain the level of knowledge required, networking with the various support and product groups is necessary to be informed. In doing so, the individual must be able to deploy informed knowledge, be able to foster credibility amongst Senior Management based on experience, knowledge, and ability to sell and influence.
To be successful, the following functional competencies must be demonstrated on the job:
Thorough knowledge of the Banks:
a. Treasury specific policies, procedures, processes and workflows
b. Asset and Liability Management techniques
c. Treasury management fundamentals, including supporting systems, routines and operating procedures, and external indicator reports;
d. Capital markets, finance, risk management, hedging instruments, financial modelling and valuations.
e. Operating models of Treasury specific subsidiaries (eg: Caribbean Treasury Ltd.)
f. Balance Sheet & Capital Management revenue generating requirements;
g. Generally used Software programs, (i.e. Microsoft Products)
Educational Requirements
a. 3+ years Treasury or Treasury-related experience
b. Strong background in mathematics/statistics, business, finance (preferred) / or equivalent work experience
c. Excellent knowledge of fixed income securities, interest rate derivatives and other derivatives.
d. Demonstrated track record of achieving/exceeding performance benchmarks
e. Strategic planning skills and proven ability to develop successful action plans
f. Ability to build and leverage strategic working relationships
g. High impact communication skills to effectively engage with others
h. Strong financial and business acumen
i. Strong integrity and professionalism
j. Exceptional PC skills including Microsoft Office and ability to program and work in other computer programs
k: Fluent in Spanish or a working knowledge of Spanish
Location(s): Canada : Ontario : Toronto Scotiabank is a leading bank in the Americas. Guided by our purpose: “for every future”, we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.