Finance Analyst III

Job Title: Finance Analyst III
Location: Toronto, ON (Hybrid)
Estimated Duration: 18 Months

CANDIDATE PROFILE DETAILS:
Degree/Level of Education: Post Secondary degree in Finance, Business, Risk or related field
Certifications Required: N/A
Years of Overall Experience: 3-5 yrs – Finance experience
How will performance be measured: Deliverables and quality of work
Preferred/Ideal Candidate Background: experience in related fields of Finance, Treasury or Payments – New Grad is accepted, accounting background.

SUMMARY OF THE ROLE:
Typical Day-to-Day Responsibilities:

• managing bank of Canada accounts, collartrbe management, payment optimization and interday liquidity.
• How much time is being spent in meetings:10%
• Who are they interacting with (internal/external) – yes both
• Will the contractor have access to any customer data?  YES!

Department Overview
The Treasury and Balance Sheet Management (TBSM) department of client is responsible for overseeing the management of client's: Non-Trading Market Risk, Liquidity Risk and Capital Position

The Cash Management team within TBSM is responsible for forecasting the daily cash flows for TBSM and Retail, managing and maintaining sufficient collateral for the $CAD Payment System and flattening the Bank's settlement account with the Bank of Canada each night.
 

• Analyze the daily CAD and USD cash management process by gathering cash flow information from various sources within the Bank to project closing cash balances.                                       
• Invest and fund the Bank’s CAD and USD accounts by trading in the end of day interbank market.
• Investigate unexpected changes in cash balances to reconcile the Bank’s settlement position with the Bank of Canada.
• Complete settlement obligations with the Bank of Canada.
• Ensure sufficient levels of collateral are in place to settle the Bank’s various large and critical payment obligations.
• Monitor and explain Intraday Liquidity Start of Day and Intraday Liquidity Usage
• Participate in industry forums and committees
• Role to act as a liaison between the Cash Management and Intraday Liquidity to understand and build more capabilities with the Intraday Liquidity System
• Role to act as a liaison between Cash Management, Intraday Liquidity and Payment Teams to understand and manage cash more efficiently in real time

Job Requirements

• Analytical and Critical Thinking – Advanced analytical skill in dealing with complex business situations, products and sources of information
• Operational Excellence – Strong skills in process development, efficient and establishing control enhancements
• Superior communication and relationship management skills, including an ability to manage across multiple stakeholders, both within and outside TBSM
• Strong writing skills
• Primarily work the closing shift (10:30am to 6:30pm)

Education and Experience Requirements

• 5 years of experience in related fields of Finance, Treasury or Payments
• Post Secondary degree in Finance, Business, Risk or related field
• MS Office Suite (PowerPoint, Excel, Word, etc)

MUST-HAVE Hard Skills:

• trend analysis – 3 yrs
• analytic thinker -yes or no
• Great communication verbal/ written yes or no
• Works well under pressure yes or no
• Attention to detail

NICE-TO-HAVE

• someone who can handle strong personalities
• Knowledge of AI tools