Job Description

Story Behind the Need

• Business group: Global Cash, Collateral and Intraday Management
• Intraday Liquidity Management is a strategic priority for the Bank. The initiative to develop intraday liquidity forecasting will improve Client broker-dealers' capabilities by aligning with industry practices and complying with regulatory requirements.
• The incumbent will be responsible for closely collaborating with finance, operations and settlement groups to comprehend the securities settlement process, depository cash flows, and their impact on intraday cash forecasting. The incumbent will work with finance, operations, and settlement teams to understand the securities settlement process, depository cash flows, and their effects on intraday cash forecasting. Responsibilities include documenting the current state, conducting a gap assessment, and developing future state design.

Candidate Value Proposition:

• The successful candidate will have the opportunity to be considered for an FTE role, work in liquidity risk management, which is a sought-after skillset in the market, an opportunity to work with various functions, group treasury, global risk management, and technology teams, work on a highly visible project for the bank's treasurer.

Typical Day in Role:

• Conduct a comprehensive current state analysis of Client's broker-dealer cash management function and prepare a gap analysis.
• Develop recommendations for the future state of the cash management function.
• Complete a thorough review of the Balance Sheet and General Ledger.
• Identify the sources and uses of cash across various business lines within the entity.
• Perform system analysis and collaborate with data streams to design systematic solutions for cash management.
• Support the implementation of evolving local enhancements in cash and intraday liquidity management processes for relevant entities and business areas.
• Partner with finance and systems teams to identify improvement opportunities in the cash management function.
• Represent the Cash/Intraday Liquidity Management Team on projects and change initiatives by engaging effectively with a broad range of stakeholders.

Candidate Requirements/Must Have Skills:

• 3-4 years of Business Analyst experience in the banking sector
• Experience with cash flows related to financial products.
• In-depth knowledge of nostros, payment flows, and accounting for cash transactions.
• Advanced proficiency in Microsoft Excel and VBA; hands-on with Power BI.

Nice-To-Have Skills:

• An MBA, CFA or accounting designation is an asset.

Soft Skills Required:

• Creative, results-oriented, highly motivated individual with excellent analytical and problem-solving skills, with the ability to apply knowledge to independently and effectively resolve complex business problems.
• Strong communication (written & verbal) and interpersonal skills to facilitate working with colleagues at all levels of the organization.
• Ability to work in a dynamic environment, manage multiple deadlines and priorities.
• Adaptable working as part of a team or independently with minimum supervision.

Education:

• Degree in Mathematics, Finance & Business, or Engineering.
• An MBA, CFA or accounting designation is an asset.

Best VS. Average Candidate:

• The ideal candidate should possess strong problem-solving skills and an analytical mindset, with the ability to work with raw data, cleaning, transforming, and analyzing it to map business processes.
• They should be able to structure and store the refined data in Power BI, enabling the development of dashboards and reports that support data-driven decision-making and operate independently.
• Also, someone with a good sense of curiosity to provide resolutions faster.
• The best candidate is someone with experience as a Business BA and a bit of IT.

Candidate Review & Selection:

• 2 rounds of interviews - 45 minutes:

o 1st - MS Teams Video interview - with Associate Director -Behavioral questions and role overview
o 2nd is an Excel assessment.
o 3rd - in person at 40 Temperance Street 9th Floor - with Director
Job Details
13567
Contract
12 months
Toronto
47.00 CAD

Skills Required