Hedge Accounting (30%)
- Support Treasury’s hedge accounting activities.
- Strategy: This includes development of new hedge accounting strategies (in conjunction with the Accounting team).
- Model Development: Develop hedge accounting models and work with the Analytics team for system migration.
- Pre-trade: Support trade desk by identifying assets or liabilities available for hedge accounting designations.
- Post-trade: Prepare initial hedge accounting documentation and investigate any issues, and explain hedge accounting inefficiency.
- Support hedging activities related to compensation liabilities.
Asset Pricing Model Support (30%)
- Provide user support for various pricing models for SFR and Commercial.
- Manage assumption review/update processes.
- Improve the model documentation and reporting.
- Understand and enhance the underlying pricing models (VBA coding in Microsoft Excel).
Collateral Management (20%)
- Monitor derivative portfolio valuation and validate counterparties’ margin calls.
- Improve margin call process (i.e. automate the data extraction).
- Manage collateral process for Equitable Bank. Interact with Concentra for collateral management.
- Manage various collateral reports (internal and regulatory).
Other Departmental Support (20%)
- Prepare data for ALCO and Board reporting.
- Prepare other quarter-end reports.
- Provide support on ad-hoc analysis.
Let's Talk About You!
- Bachelor’s degree in finance engineering, math, computer science, or related field.
- At least 1 year of work experience related to financial models, preferably with development responsibility.
- Advanced knowledge of Excel VBA and SQL, prior coding experience would be an asset.
- CFA designation or candidate would be an asset.
- Understanding of accounting principles.
- Keen interest in financial markets with a strong desire/ability to learn new concepts.
- Strong attention to detail.
- Effective verbal and written communication skills.
- Excellent analytical and critical thinking abilities.
- Ability to function independently, be proactive in using internal and external resources to achieve results.
- Problem solver with sound judgement who likes to take initiative, accepts ownership and accountability on given assignments
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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
