The Role
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 670,000 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 six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.
The Managing Director, Investor Relations will be responsible for a robust investor relations framework for EQB, including leading the design and delivery of a multi-year investor and valuation strategy for the bank, periodic investor days, the annual investor relations plan and KPIs as approved and reported to the Audit Committee. This leader is first on point for all retail, institutional investor, analyst communications and interactions and at times media. This is a high profile position to manage the reputation, perception and multi-billion dollar market value of EQB in the capital markets as the owner of the 7th largest and fastest growing bank in Canada.
This senior position will interact as much as daily with investors, analysts, rating agencies, the media and senior leadership of EQB. The successful candidate must bring a strong understanding of financial services strategy, engaging with institutional investors, and a deep appreciation for banking with a clear ability to learn and understand deeply the mechanics of EQB, the balance sheet and financials, how the businesses work and in turn confident communications with deep business insights.
Expert organizational and multi-tasking skills are a must and the individual should be able to work with a high degree of independence and initiative, comfortable with all levels of communication and able to work rapidly and effectively including together with the CEO and CFO. The Managing Director IR must also be willing to take a hands-on approach to the role together with a high level of attention to detail. This position has a large component of independent contribution with a small team.
Main Activities
- Be accountable together with the CFO to create a 12-36 month investor relations strategy roadmap, and corresponding annual IR scorecard to present to the Audit Committee, including for all analyst coverage, investor meetings and targets
- Create succinct and highly insightful quarterly reporting to the Management Committee and Board of Directors, including all investor relations KPI progress, market insight, and continuous improvement opportunities to improve the long-term value of EQB
- Create and ensure all external presentations, the Equitable IR website, and investor and equity analyst communications are planned, managed effectively on a day-to-day basis, which can have a meaningful and critical impact on the value of EQB and our perception in the capital markets
- Design and manage a multi-year investor relations plan, the delivery of all key initiatives and a roadmap to achieving and maintaining full valuation of the bank for investors including investor expansion and US marketing
- Work together with Treasury to manage interactions with fixed income investors and credit rating agencies to improve the credit rating of the bank
- Proactively approach planning and analytical based approaches to expanding the institutional investor base globally
- Actively manage relationships with all equity analysts particularly around all quarterly reporting, consensus estimates and model reviews
- Prepare and distribute insightful regular competitive reporting and intelligence and valuation insights
Knowledge/Skill Requirements
- 12+ years of investor relations, strategic finance, corporate development, management consulting and/or corporate finance experience specifically related to the financial institution sector
- Undergraduate degree in economics, business, mathematics or engineering from a well-recognized and reputable institution
- MBA, CA/CPA and/or CFA
- Excellent understanding of the capital, capital ratios and business constraints of operating a financial institution regulated by OSFI and under the Basel rules
- Proven experience creating and leading a top tier investor relations practice
- Sound knowledge of secured lending businesses (with focus on commercial real estate and single family residential) and the dynamics of raising CDIC-insured deposits
- Expert understanding and ability to structure credit deals and securitizations, model returns and capital implications, plan and execute required due diligence
- In-depth knowledge of financial technology in Canada and the U.S. including trends, major players, and business models
- Senior leadership experience in the areas of policy development, strategic and business planning fundamentals, stakeholder relations (internal and external) and oversight of complex projects
- Thorough understanding of banking information systems
- Strong business and financial modeling skills
- Network of relationships to gather insight into various segments of market opportunity
- High aptitude for research and analysis
- Excellent verbal and written communication skills including creation of power point presentations
- Comfortable interacting with all levels of the organization, including the most senior management (i.e. CEO and CFO) and the Board of Directors
- Strong negotiation skills and the ability to get to yes
- Good judgment and ability to think quickly and respond in a very dynamic environment
- Strong client focused orientation
- Ability to manage multiple projects and meet deadlines
- Prior experience with equity analysts, institutional investors, related communications and strategy
- Successful track record of leading transformation in complex environments
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 and personal days
🖥 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
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!
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The Company
What We Do
MakeBank on everyday banking: Earn high interest on every dollar Say no to fees No minimum balances Powered by Equitable Bank, a Schedule I Canadian Bank EQB Inc. (formerly Equitable Group Inc.) trades on the Toronto Stock Exchange (TSX: EQB and EQB.PR.C), directly serves over 607,000 Canadians through its wholly owned subsidiary Equitable Bank, Canada's Challenger Bank™, and serves over 200 Canadian credit unions that serve over 6 million of their members with products and services. Equitable Bank has grown to become Canada's 7th largest independent Schedule I bank with over a $119 billion in assets under management and assets under administration, and a clear mandate to drive real change in Canadian banking to enrich people's lives. At Equitable Bank, we are as invested in our employees as we are in our business. That’s why we are consistently recognized as one of Canada's Top Employers – a rating that comes from our 1,800 employees. Equitable Bank’s inclusive, welcoming, and pride-inducing workplace earned it the honour of being recognized as one of the top 50 organizations on the 2023 list of Canada’s Best Workplaces™. Founded over 50 years ago, Equitable Bank provides diversified personal and commercial banking, and through its EQ Bank platform (eqbank.ca), which has been named #1 Bank in Canada for three consecutive years on the Forbes World's Best Banks list for 2021, 2022, and 2023. Equitable Bank website: www.equitablebank.ca EQ Bank website: www.eqbank.ca Specialties Lending, Mortgages, Residential Lending, Commercial Lending, Reverse mortgages, Insurance lending, Equipment leasing , Credit Union, Trust, and Funds Management
