About the Role
The incumbent is responsible for data management (extraction/validation/reporting) to support key Treasury functions, including hedge accounting, derivative valuations, and collateral management. The role also involves asset pricing model maintenance and ad-hoc projects within the Treasury group, which manages the bank's funding, liquidity, interest rate, market, and pricing risks.
Responsibilities
- Support Treasury’s hedge accounting activities
- Develop hedge accounting strategies in conjunction with the Accounting team
- Develop hedge accounting models and work with the Analytics team for system migration
- Identify assets or liabilities available for hedge accounting designations
- Prepare initial hedge accounting documentation, investigate issues, and explain hedge accounting inefficiency
- Support hedging activities related to compensation liabilities
- Provide user support for various pricing models for SFR and Commercial
- Manage assumption review/update processes for pricing models
- Improve pricing model documentation and reporting
- Manage the ROE pricing application migration
- Monitor derivative portfolio valuation and validate counterparties’ margin calls
- Improve margin call process by automating data extraction
- Manage collateral process for Equitable Bank and interact with Concentra for collateral management
- Manage various collateral reports (internal and regulatory)
- Prepare data for ALCO and Board reporting
- Prepare other quarter-end reports
- Provide support on ad-hoc analysis
Requirements
- Bachelor’s degree in finance engineering, math, computer science, or related field
- At least 1 year of work experience related to financial models, preferably with development responsibility
- Understanding of accounting principles
- Keen interest in financial markets with a strong desire/ability to learn new concepts
- Strong attention to detail
- Effective verbal and written communication skills
- Excellent analytical and critical thinking abilities
- Ability to function independently, be proactive in using internal and external resources to achieve results
- Problem solver with sound judgement who likes to take initiative, accepts ownership and accountability on given assignments
- Candidates considered for hire must successfully complete a criminal background check and credit check
Skills
- Advanced knowledge of Excel VBA
- Advanced knowledge of SQL
- Prior coding experience would be an asset
- CFA designation or candidate would be an asset
Location
- Toronto, ON
Work Type
- Hybrid
Experience Level
- At least 1 year of work experience
Education Level
- Bachelor’s degree
Benefits
- Competitive discretionary bonus
- Market leading RRSP match program
- Medical, dental, vision, life, and disability benefits
- Employee Share Purchase Plan
- Maternity/Parental top-up
- Generous vacation policy and personal days
- Professional development and comprehensive Career Development program
About the Company
- EQ, Canada's Challenger Bank™, is remaking banking so every Canadian gets ahead, every day.
- Serving nearly 4 million Canadians from coast to coast, EQ offers a wide variety of financial services from banking and lending, to trust and credit union solutions.
- Challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences since 1970.
- EQB Inc. (TSX: EQB) is the parent company of Equitable Bank, the country's seventh-largest Schedule I bank by assets.
- EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration.
Equal Opportunity
- EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported.
- We believe our organization is stronger — and our people thrive — when we honour and celebrate diverse experiences, identities, and perspectives.
- We’re equally committed to supporting your growth, both professionally and personally.
- We provide a barrier‑free recruitment process and work environment.
- If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond.
- As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team.
