Join a Challenger
Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.
We are a big (and growing!) family. Overall we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.
The Managing Director, Investor Relations will be responsible for a robust investor relations framework for EQB, including leading the design and delivery of a multi-year investor and valuation strategy for the bank, periodic investor days, the annual investor relations plan and KPIs as approved and reported to the Audit Committee. This leader is first on point for all retail, institutional investor, analyst communications and interactions and at times media. This is a high profile position to manage the reputation, perception and multi-billion dollar market value of EQB in the capital markets as the owner of the 7th largest and fastest growing bank in Canada.
This senior position will interact as much as daily with investors, audit firms, key external vendors, analysts, investment banks, rating agencies, the media and senior leadership of EQB. The successful candidate must bring a strong understanding of financial services strategy, engaging with institutional investors, and a deep appreciation for banking with a clear ability to learn and understand deeply the mechanics of EQB, the balance sheet and financials, how the businesses work and in turn confident communications with deep business insights.
Expert organizational and multi-tasking skills are a must and the individual should be able to work with a high degree of independence and initiative, comfortable with all levels of communication and able to work rapidly and effectively including together with the CEO and CFO. The Managing Director IR must also be willing to take a hands-on approach to the role together with a high level of attention to detail. This position has a large component of independent contribution with a small team.
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Main Activities
Be accountable together with the CFO to create a 12-36 month investor relations strategy roadmap, and corresponding annual IR scorecard to present to the Audit Committee, including for all analyst coverage, investor meetings and targets
Create succinct and highly insightful quarterly reporting to the Management Committee and Board of Directors, including all investor relations KPI progress, market insight, and continuous improvement opportunities to improve the long-term value of EQB
Create and ensure all external presentations, the Equitable IR website, and investor and equity analyst communications are planned, managed effectively on a day-to-day basis, which can have a meaningful and critical impact on the value of EQB and our perception in the capital markets
Manage a key role in the quarterly and annual creation and delivery of the MD&A for EQB, including strategic content, packaging and delivery
Design and manage a multi-year investor relations plan, the delivery of all key initiatives and a roadmap to achieving and maintaining full valuation of the bank for investors including investor expansion and US marketing
Work together with Treasury to manage interactions with fixed income investors and credit rating agencies to improve the credit rating of the bank
Proactively approach planning and analytical based approaches to expanding the institutional investor base globally
Actively manage relationships with all equity analysts particularly around all quarterly reporting, consensus estimates and model reviews
Prepare and distribute insightful regular competitive reporting and intelligence and valuation insights
Knowledge/Skill Requirements
12+ years of investor relations, strategic finance, corporate development, management consulting and/or corporate finance experience specifically related to the financial institution sector
Undergraduate degree in economics, business, mathematics or engineering from a well-recognized and reputable institution
MBA, CA/CPA and/or CFA
Excellent understanding of the capital, capital ratios and business constraints of operating a financial institution regulated by OSFI and under the Basel rules
Proven experience creating and leading a top tier investor relations practice
Sound knowledge of secured lending businesses (with focus on commercial real estate and single family residential) and the dynamics of raising CDIC-insured deposits
Expert understanding and ability to structure credit deals and securitizations, model returns and capital implications, plan and execute required due diligence
In-depth knowledge of financial technology in Canada and the U.S. including trends, major players, and business models
Senior leadership experience in the areas of policy development, strategic and business planning fundamentals, stakeholder relations (internal and external) and oversight of complex projects
Thorough understanding of banking information systems
Strong business and financial modeling skills
Network of relationships to gather insight into various segments of market opportunity
High aptitude for research and analysis
Excellent verbal and written communication skills including creation of power point presentations
Comfortable interacting with all levels of the organization, including the most senior management (i.e. CEO and CFO) and the Board of Directors
Strong negotiation skills and the ability to get to yes
Good judgment and ability to think quickly and respond in a very dynamic environment
Strong client focused orientation
Ability to manage multiple projects and meet deadlines
Prior experience with equity analysts, institutional investors, related communications and strategy
Successful track record of leading transformation in complex environments
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What we offer [For full-time permanent roles]
? Competitive discretionary bonus
? Market leading RRSP match program
? Medical, dental, vision, life, and disability benefits
? Employee Share Purchase Plan
?? Maternity/Parental top-up while you care for your little one
? Generous vacation policy and personal days
? Virtual events to connect with your fellow colleagues
? Annual professional development allowance and a comprehensive Career Development program
? A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well.
We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We can’t wait to get to know you!
