Associate Director, Treasury Liquidity Management

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Purpose

Contributes to the overall success of the Short-Term Funding, Group Treasury desk in London ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted follow governing regulations, internal policies, and procedures.

Accountabilities

• Business Strategy
  Play a critical role in the execution of the Bank’s global liquidity strategy. Champions Scotiabank’s London Treasury Organization focus areas which include Liquidity Management and Reporting, Analytics, and Strategic Initiatives.
• Liquidity Management
  Primary contributor to the development and execution of London’s liquidity management which includes understanding of cash flow reporting, liquidity stress testing, LCR and NSFR and all facets of Contingency Funding Plan. Contributes and partners by providing subject matter expertise in liquidity management to SIDAC and APAC Regions. As part of regional role understands Treasury regulatory requirements for all centers. Works with Regional Treasurer to meet all liquidity requirements with focus on London and all other Regions. Closely align London Treasury activity with meeting Head Office Group Treasury liquidity objectives related to liquidity metrics such as LCR, NCCF, and NSFR.
• Reporting and Analytics
  Lead in development of Liquidity Stress Testing, Cash Gaps, and Counterparty analysis. Ensure that infrastructure and controls of data reporting integrity is sound and accurate. Leads in Contingency Funding Plan review including Early Warning Indicators, playbooks and testing.
• Strategic Initiatives
  Strategic planning in project completion enabling best-of-class Treasury operations. Manage projects for London and harmonization of regions.
• Leadership
  Leader in developing and instituting best Treasury practices including governance, frameworks, policies, and guidelines demonstrating a well-managed Treasury Division. Represent Treasury throughout the Bank with internal stakeholders as well as with external counterparts including Regulators and Customers. Prepares material and participates, as necessary, Committees, Steer Cos, or Working Groups at the local as well as Group Treasury level. Manage employee development and implement plans for the continued development of staff. Directs day-to-day activities in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits. Communicates the Bank’s risk culture and risk appetite statement throughout their teams. Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge. Partners with Business Leads in finding solutions for maximizing pricing / balance sheet efficiencies for new and existing businesses and products.

Competencies

• Acts with professionalism and respect at all times.
• Exemplifies a strict ethical code to pursue honesty, integrity and transparency.
• The ability to recognise opportunities and to act with speed and accuracy is an essential ingredient.

Dimensions

Primary responsibility for European Treasury funding activities but also work as part of a global team, incorporating SIDAC, Singapore, New York, and Toronto. Assist local GBM, Corporate lending and GTB business units. Comply with both local regulators and central bank regimes as well as global regimes as they pertain to London activities, or the width of rule coverage includes London operations.

Education / Experience

The incumbent must have broad product knowledge and be able to develop and communicate a market view by interpreting a variety of economic, financial, and political events to satisfy clients’ requirements. An excellent retention of facts and figures and a good understanding of economic fundamentals to properly analyse future economic trends, economist and politicians’ opinions, and market sentiment, to correctly position the book within liquidity restraints, agreed profit levels, and acceptable return on assets. To be able to work independently within a team environment in a very competitive marketplace.

Working Conditions

A high pressured, fast paced interest rate and Forex marketplace in which major decisions are an integral part of each day. Work in a standard office-based environment; non-standard hours are a common occurrence, including weekend and Bank holiday working. Limited travel globally.