Scope of Position

The Senior Treasury Analyst, Liquidity & Regulatory contributes to the development, monitoring and reporting of Alterna’s Liquidity positions and development of liquidity and capital forecast, including monitoring of upcoming prudential regulatory developments; participating in impact analysis and assisting advocacy activities prior to new rules implementation.

The position plays a key role in the preparation of liquidity reporting to provincial and federal regulators on a timely and accurate basis. The position provides opportunity for the individual to contribute their expertise on various strategic initiatives and continuously improve the current reporting structure.

Major Responsibilities

• Production of the Liquidity ratios for the Credit Union and the Bank.
• Analyzing the various liquidity risk metrics and provide solutions of mitigating/reducing these risks.
• Collects and verifies the accuracy of information used for regulatory reporting using internal and external information sources;
• Analyses and reports on the Credit Union and the Bank’s liquidity and other regulatory metrics at ALCO meetings;
• Develops, models, presents, and implements liquidity and capital management strategies for ALCO integrating the organization’s goals and strategies;
• Supports managers in understanding the regulatory impact of their decision-making, including the use of assumptions to permit the quantification of qualitative concepts;
• Forecasts regulatory metrics to aid management in developing plans and making decisions, and assisting in the interpretation of such information;
• Oversees the compliance reporting for the Treasury Risk Management policies;
• Develops, analyzes, and forecasts the regulatory metrics using the budget in conjunction with Executive Leadership Team;
• Plays a role in the Annual Operating Plan process by assisting Management in developing and analyzing the budgeted regulatory metrics and subsequent yearly variance analysis;
• Prepares the Internal Capital Adequacy Assessment Process (“ICAAP”) report for internal and external stakeholders
• Participates in organization stress testing exercise to develop plausible but reasonable scenarios and quantifying their impact on the regulatory metrics;
• Recommends Board and Management policy changes as required;
• Exchanges methods and results with a network of peers at other financial institutions to provide enhanced financial added-value and expertise to the organization;
• Participates in special cross-functional projects as requested by the VP Treasury

Qualifications

Education / Certifications / Experience

• Professional accounting or financial certification or degree such as CFA/ MBA/ CPA (CGA/CA/CMA).
• Minimum 5 to 7 years’ experience in a Treasury or Financial reporting role(s),
• 2 years’ experience in liquidity reporting role.

Knowledge / Skills

• Superior analytical and problem-solving skills and proficiency in the understanding of Credit Union and Bank regulatory regimes.
• Experience with treasury, banking systems, and financial products & services technologies.
• Knowledge of industry trends and practices.
• Database analysis and usage
• Sound knowledge of banking business and finance theory
• Knowledge of capital markets, money markets, foreign exchange markets, including high level knowledge of financial derivatives and options

About Alterna Savings

Alterna Savings and Credit Union Limited (Alterna) has been the good in banking™ for over 110 years. Alterna is made up of Alterna Savings and Credit Union Limited and its wholly owned subsidiary, Alterna Bank.

As the first full-service, member-owned cooperative financial institution outside Quebec, Alterna Savings shares its expertise with 217,000 members through a network of 46 branches across Ontario, as well as call centre and digital channels. Members and customers also benefit from an industry-leading online brokerage, investment management services, and have access to over 43,000 surcharge-free ATMs in North America with THE EXCHANGE Network in Canada and the Allpoint Network in the US.

Working at Alterna

Alterna offers a fast-paced, impactful work experience in an organization that cares about doing good. For over 110 years, Alterna has been creating financial services that transform lives for the better, all while giving back to our community.

We are incredibly proud of our corporate culture, where everyone works together towards a common goal, the financial wellbeing of our members and customers. This commitment has earned us several prestigious employer awards, including the National Capital Region's Top Employers award for seven years running.

• Although we appreciate all applicants, preference will be given to candidates who most closely meet the qualifications, key skills, and competencies outlined above.

• Alterna is compliant with the Ontarians with Disabilities Act. If you have a disability, please contact the recruiter to let us know how we can accommodate you.