Why FirstOntario?

• Competitive compensation packages
• Top-tier health and wellness benefits, including comprehensive benefits packages and a yearly Personal Spending Account
• Enhanced mental health benefits through SunLife and TELUS Health
• Exclusive banking benefits
• Up to $1000 per year towards professional development
• Pension Plan
• Company-wide Employee Volunteer program (Blue Wave Program)
• Employee and Family Assistance Program

Job Overview

The Senior Treasury Analyst is accountable for the maintenance and execution of treasury risk management activities at FirstOntario Credit Union. This includes the development, implementation and monitoring of policies, procedures and practices for FirstOntario's asset-liability management, interest rate management, liquidity management and financial modeling and analysis.

Role

• Prepare input documents for the Asset Liability Management (ALM) function and margin prediction including inputs into the model and historical analysis supporting assumptions applied
• Back-test processes and procedures of the assumptions and modeling results on a regular basis and then assess and adjust modeling as necessary
• Constantly look for ways to enhance interest rate and liquidity risk processes and the ALM system to support an evolving risk management framework, while addressing regulatory requirements
• Conduct regular analysis of historical net interest income including yield analysis and budget to actual reporting
• Proactively look for ways to mitigate or manage interest rate and liquidity risk
• Analyze the effects of interest rate and liquidity risk as a result of changes in balance sheet mix, new products, external funding strategies and member behaviour
• Accurately prepare monthly analysis, reporting and assessments that relate to the treasury function including but not limited to ALM modeling, interest rate risk, liquidity risk, liquidity risk exposures, Asset Liability Committee (ALCOs) package and liquidity risk assessment reporting
• Record and complete meeting minutes for ALCO, Margin committee and any other meetings necessary
• Utilize data analytics to write meaningful reports and confidently present findings to business partners that will enable them to make informed decisions
• Support the Treasury leaders and conduct ad-hoc research, analytics and reporting as required
• Confidently identify and explain trends and changes in FirstOntario's liquidity risk position
• Prepare analysis and supporting documentation, as needed, related to pricing decision and activities impacting lending and deposit products
• Maintain compliance with existing and new liquidity regulatory requirements
• Support the development of business cases by providing specialized research, historical interest rate and scenario analysis, as needed
• Accurately prepare forecasts of the balance sheet, taking into account the movement of products, deployed strategies and interest rate risk management
• Support in the development of the annual budget for net interest income
• Support in the enhancement and maintenance of the RAROC model that is used as the basis for commercial lending pricing
• Cover for different areas of treasury including securitization, cash management, pricing and capital markets when needed
• Consider health & safety as a primary concern to ensure the overall well-being of self and others
• Perform other duties as required

Required Skills

• Post-secondary degree in accounting, finance and/or economics and have obtained or working toward a related professional designation (CFA, CPA, FRM)
• A minimum of 5+ years working in accounting or finance, preferably with a treasury background within the financial services industry
• A strong understanding of the Credit Union system
• Ability to actively apply leading industry practices for the treasury function in a financial institution
• Be proficient with data query/analysis tools
• Strong writing abilities with experience writing informative/analytical memos or papers
• Effective time management skills and the ability to meet tight deadlines
• Strong computer skills, including proficiency in MS Office programs
• Experience working with financial models at an advanced level
• Enthusiastic, driven and self-motivated
• Ability to handle increased demands during peak periods, e.g. month end, budget

Interested in this role, but don't meet every requirement? We encourage you to apply! We know from experience that a candidate doesn't need 100% of the qualifications listed to bring incredible value to our team. We're actively seeking diverse backgrounds and perspectives to help make FirstOntario better. At FirstOntario, inclusion, diversity, and equity aren't just "nice to have" - they're essential to our success.

Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know.