Senior Manager, Funds Transfer Pricing Job in Toronto, Ontario Canada

Our client is currently seeking one (1) Senior Manager, Funds Transfer Pricing. This is a permanent opportunity slated to begin in November 2011.

Key Responsibilities

The successful candidate will be responsible for:

• Lead and develop a team of finance professionals and collaborate extensively with product heads/executives for all deposit groups/lines of business, Product Finance Groups, and Information Technology Groups to deliver accurate and timely transfer priced margin and NII results each month;
• Deliver new and enhanced transfer pricing and NII analysis on a regular basis;
• Make recommendations for LP treatment of all deposits, and contribute to reconciling the results of this treatment within an LP balance sheet;
• Make hedging recommendations in concert with developing product pricing strategies;
• Research and recommend investment decisions and uses of cash;
• Fully reconcile transfer-priced NII to green dollar NII;
• Make recommendations for and track and managing unique, product-specific NII-enhancing hedge strategies such as margin pre-expansions and pre-extensions;
• Develop and/or foster positive working relationships with business partners and/or project stakeholders (i.e. Management Reporting, senior product managers, product financial controllers, development team senior management, Senior Management). These relationships will be key to developing understanding, resolving issues and implementing change;
• Act as department subject matter expert and technical specialist for Canadian deposit product features & financial risks;
• Act asa representative for delivering rate and volume forecast inputs to annual Fiscal Planning process & producing monthly NII forecasts for deposit products;
• Provide timely updates to Senior Management of significant developments in Balance sheet profile and NII drivers;
• Continuous improvement of FTP processes including validation of methodologies and assumptions using complex data analysis techniques;
• Develop team to help deepen knowledge of transfer pricing and balance sheet management principles, strengthen data analysis skills, and improve business results presentation and analysis skills; and,
• Contribute to the strategic direction of Treasury with respect to FTP by having industry, external & internal business awareness, recognizing and anticipating trends, identifying issues and opportunities, and recommending action to senior management

Skills and Qualifications

The qualified candidate must have:

• Post-secondary degree in Finance or Economics;
• Interpersonal skills;
• Organizational skills;
• The features and characteristics of Canadian retail banking products;
  Funds Transfer Pricing (FTP) concepts and their application to personal and commercial Mortgage, Loan and Deposit products;
• Principles of interest rate risk management including Asset/Liability Theory and Fixed Income portfolio management concepts and techniques (e.g. duration, convexity, key rate immunization);
• Producing and analyzing management reporting financial results;
• Managing projects, gathering & analyzing business requirements and explaining requirements to system developers;
• Valuing securities and financial products including bullet and amortizing bonds, swaps, prepayment options, caps and floors;
• Using computer tools for data retrieval and analysis, in particular Excel; DB2, SQL, FoxPro, Data Cubes and OLAP tools would also be an asset;
• The candidate will require exceptional organizational skills, and be able to prioritize and manage many different competing requirements simultaneously;
• Ability to teach skills and concepts to colleagues and staff;
• Quick to learn and apply new concepts;
• Strong work ethic, ability to take initiative and balance multiple tasks;
• Demonstrated strong analytical abilities ;
• Synthesize feedback from many different stakeholders to draft comprehensive company wide process specifications, project plans, or system design documents tools; and,
• Excellent interpersonal skills; team player.

Don’t miss out on this opportunity, apply on-line today!

We thank all applicants for their interest; however, only candidates under consideration will be contacted.