Liquidity Analyst

Summary

Join Servus Credit Union as a Liquidity Analyst and contribute to the management of the credit union's funding and liquidity needs. This full-time, fully remote position, based in Canada with periodic visits to the Edmonton office, involves managing a $2 billion investment portfolio, overseeing borrowing facilities, and contributing to securitization efforts. The role requires strong analytical skills, experience in financial institutions, and proficiency in financial software. Servus offers competitive compensation, including performance-based incentives, along with comprehensive benefits such as health and wellness programs, vacation time, retirement savings, training and development, and flexible work options.

Requirements

• Minimum 3+ years’ experience in a financial institution
• Bachelor’s degree or higher in economics, finance, business administration, or a related field
• Intermediate or better proficiency in software such as Bloomberg, SQL, Excel, PowerQuery, etc

Responsibilities

• Recommend proper controls and process to address the risk of investment mismanagement (willful or accidental) including, where applicable, preventive and detective controls
• Provide reporting on investment risk that delivers needed insight into this area
• Create and maintain effective forecasting tools to anticipate liquidity changes with sufficient time to comfortably manage negative developments
• Ensure compliance with any applicable internal or regulatory metrics, ratios, and/or limits (LCR, NSFR, etc.). Stay on top of potential changes in the regulatory environment as they relate to this area of responsibility
• Execute the short term money market investment of liquidity within authorized limits and regulatory controls for the $2 billion portfolio of statutory funds. Ensure that investing strategies align with the desired overall interest rate risk profile of the credit union
• Use creativity and sound judgment to maximize returns while balancing the trade-offs between yield and various associated risks. Strategies may include utilizing currency hedges and forward contracts, as an example
• Support the Treasury department to ensure sufficient liquidity to survive a run and continue normal operations without material interruption
• Make recommendations regarding funding strategy and liquidity management. This includes mortgage securitization, borrowing facilities, third party deposit sources, etc
• Prepare reporting and provide support in managing the liquidity risk faced by the credit union
• Accountable for building and issuing mortgage pools
• Regularly dialogue with securitization counterparties, including but not limited to other credit unions, chartered banks, CMHC, Sagen, Canada Guaranty, Canada Housing Trust etc
• Liaise with internal stakeholders to ensure compliance with the program at all times
• Recommend effective policy procedures, controls, and reporting systems
• Provide regular updates on the liquidity risk associated with the future maturities of existing and new pools
• Monitor any existing and emerging risks or opportunities related to the securitization program and market
• Support the management and organization of the credit union's various borrowing facilities
• Ensure compliance with borrowing facility terms and prepare required reporting
• Assist in the establishment of new facilities as necessary to support the growth

Preferred Qualifications

• Experience in Treasury/Finance
• A Master's degree
• Relevant professional designation (such as CFA, FRM, etc.) or equivalent experience
• Applicants based in Alberta

Benefits

• Health and wellness
• Vacation
• Retirement savings programs
• Training & Development Opportunities
• Career Advancement Potential
• Flexible work options
• Competitive Compensation including performance-based incentive pay
• Meaningful work towards individual and corporate goals
• Opportunities to get involved and give back through an employee volunteer program
• Profit sharing
• Voting for the board of directors