Senior Analyst, Treasury Consulting

The core parts of your role would be to:

• Measurement, Analysis, and Reporting of Interest Rate Risk, Profitability, Liquidity, and Capital metrics – 70% 
 
Execute higher value/more complex client balance sheet simulations to generate results for interest rate risk position, profitability/liquidity, and capital projections.  
•  Back-test model results identify gaps and areas to improve assumption accuracy. 
• Consult with clients to collect, adjust, or enhance modeling assumptions. 
• Develop and input key assumptions into simulation model. Ensure accuracy and integrity of all data inputs and assumptions used to assess interest rate risk (IRR) exposures. 
• Modify any input/output processes to accommodate new products or attributes for client models. 
• Manage IRR modeling process to accommodate changes to behavioral assumptions and any new products or features being introduced. Tweak model setting and develop new reporting as needed to analyze results. 
• Continually explore opportunities to enhance existing processes to increase operating efficiencies and shorten reporting timelines. 
• Comprehensive understanding of regulatory requirements in all provinces (LCR, NSFR, NCCF, etc). Ability to forecast results to support credit union management in strategic decision making. 
 
Assess and analyze simulation results while providing recommendations to senior management of credit union clients  
• Provide oversight of IRR reporting to ALCO, the Board, and for regulatory purposes through written reports utilizing Microsoft Word outlining results of model. 
• Assess how credit union’s IRR position has changed between models by utilizing key metrics such as earnings at risk (EAR) and economic value of equity (EVE). 
• Evaluate credit unions changing profitability, liquidity, and capital position and identify key drivers of change (rates, balance sheet trends, etc.) 
• Apply knowledge to provide credit unions guidance or recommendations on management of interest rate risk metrics, profitability, liquidity, and capital management. 
• Provide timely measurement of interest rate risk and enhance reporting to support effective decision making. Provide support for forward-looking discussions within ALCO. Ensure integrity of results and provide insights into results and explanation of drivers of change. 
 
Provide Consultancy Services to Credit Union clients 
•  Organize and facilitate debriefing calls with clients to review report findings, recommendations, and address questions. 
• Participate in Asset Liability Committee (ALCO) meetings with senior members of credit union organizations, providing insight into reporting results and recommendations. 
• Develop forward looking rate or balance sheet scenarios to assess impacts to the credit union. 
 
Research applicable credit union regulatory environments so that one can either improve Treasury Consulting core services or identify new areas to assist our clients with. 
 
Provide Support to Treasury Consulting Team on ad hoc Engagements – 30% 
•  Support training of Finance Analysts. Includes assisting with modeling, assumptions, and report reviews. 
• Assist in under-writing applications for new or renewing credit union Secured Quick-line product. Entails analyzing the credit worthiness of credit unions and making recommendations on extending lines to the credit unions. 
• Assist/lead in Treasury Consulting’s Liquidity Advisory Management Product. This entails working independently or with another member of the Treasury Consulting team to assist credit unions on ways to deploy excess liquidity. 
• Assist with technology management, working with other departments to trouble shoot software or assist in the implementation of new technologies. 
• Continuously update knowledge of markets, economic conditions, and trends that may affect credit union balance sheets. 

Let's Talk About You!

• University education with a focus on Finance or Business. Other certifications or Master’s Degree, or enrollment in an applicable program, would be highly beneficial (i.e. CFA, CPA, MBA). 
• Treasury experience preferred, but individuals with a background within the financial industry may also be successful. 
• Strong understanding of finance and treasury concepts (ie: general structure of bank/credit union balance sheets, deposit and loan products, general accounting concepts). 
• Individual must have a keen personal interest in economic and financial environment (ie: knowledge of monetary/fiscal policy, general interest rate environment, deposit and loan market). 
• Advanced financial modelling skills and creative problem-solving skills would be an asset. Must have a strong analytical aptitude and be very detail oriented. 
• Key to success is effective research and analysis capabilities (i.e. the ability to analyze information to determine trends, correlations, and understand different regulatory environments). 
• Superior technology skills with Excel and Word are necessary. 
• An analytical aptitude with the ability to work independently or collaboratively are required. 
• Individual should be inquisitive, self-motivated, and a self-starter with good time management skills. Strong ability to communicate with clients at Director levels or higher. 
• Strong inter-personal skills and the ability to work with credit unions senior leadership (Executive’s such as CFO’s/CEO’s, VP, Director) 
• 3-5 years experience in the financial services industry, with experience in financial modeling and balance sheet management 

Job Complexities / Thinking Challenges

• Requires a high degree of professional relationship skills, as the Treasury Consulting Manager works with senior-level individuals within the credit union system (Executives, VP’s, Directors). 
• Interest Rate Risk is a very specific area of expertise. The job requires a sound background in Interest Rate Risk and the ability to understand a credit union balance sheet and product specifics. 
• Ability to interpret results for interest rate risk measures, profitability, liquidity, and capital and make recommendations to enhance these areas without compromising others. 
• Candidate must possess a high degree of analytical skills to resolve modeling issues, troubleshoot results, and determine if results are justified based on changes in the balance sheet. 
• Candidate will work with outside sources for information, modeling outputs, and spreadsheets that show revenue/expenses, net present value results, and balance sheets. An understanding of these concepts is necessary. 
• Job demands a very detail-oriented person who has a methodical approach and is a strong problem solver and self-teaching. Candidate must be proactive with co-workers and/or external resources to solve problems. 
• The job is responsible for modeling the interest rate risk exposure, profitability/liquidity/capital trends of credit union clients. 
• The role has some procedural based activities related to model input, although most of the work is not procedure based and requires flexibility/critical thinking to develop written report that details strategy/recommendations pertaining to IRR, profitability/liquidity/capital