At American Express, our culture is built on a 175-year history of innovation, shared values and Leadership Behaviors, and an unwavering commitment to back our customers, communities, and colleagues. As part of Team Amex, you'll experience this powerful backing with comprehensive support for your holistic well-being and many opportunities to learn new skills, develop as a leader, and grow your career.
Here, your voice and ideas matter, your work makes an impact, and together, you will help us define the future of American Express.
How will you make an impact in this role?
Director, Canada Treasury
The Director, Canada Treasury role is an integral part of the Global American Express Treasury Enterprise Balance Sheet Strategy organization and is part of the Global Treasury Legal Entity Management Group which is responsible for coordinating and supporting the delivery of treasury services for AXP banking subsidiary legal entities. This position is primarily responsible for the management of funding and liquidity and asset-liability management including interest rate risk in the banking book, stress testing, and financial risk management programs to meet regulatory expectations for Amex Bank of Canada and other legal entities as required and ensuring that treasury activities are conducted consistent with corporate-wide Treasury principles, strategies and policies while reflecting the local environment, regulations, and business models.
Position Summary
This position reports to the Vice President & Treasurer, Amex Bank of Canada / Global Treasury Legal Entity Management and is responsible to:
Funding & Liquidity / Balance Sheet & Financial Risk Management
Lead, coordinate and support the balance sheet and financial risk management and related stress testing programs in the Bank; provide subject matter expertise to other legal entities as required.
Enhance, develop and maintain the Bank’s treasury risk management frameworks in response to emerging global Basel and OSFI regulations to ensure the Bank meets internal and external regulatory requirements.
Interpret regulatory guidance, manage required funding / liquidity regulatory ratios and stress testing including forecasting, reporting & analytics.
Manage funding programs and strategies to optimize short and long term funding interest expense and manage spread revenue on gap products, the charge card product, and financial services products.
Report and analyze interest rate exposures (including the use of gap analysis, EAR / EVE models); and liquidity risk metrics.
Identify interest rate and liquidity risks and strategies for current and new products, develop procedures to optimize the exposure / risk management process.
Ensure appropriate investment composition and strategies to meet internal and external requirements on high quality liquid asset holdings.
Participate on internal card, banking, and financial services product interest rate setting and Bank Asset Liability Management Committees.
Manage the budget and forecast process for funding, interest expense, discount expense and spreads on all products and liaise with global constituents in Treasury, Finance and across business lines; analyze and report on monthly interest expense.
Manage the Bank’s Funding Programs including related regulatory approval processes; recommend and implement strategies to efficiently manage the Bank’s funding and liquidity risk management programs.
Provide value added analysis on ad-hoc projects as required.
Over time, provide support to other Treasury activities including regulatory capital management, investment management, cash management, global legal entities.
Respond to changes in the external regulatory environment, lead highly controlled execution of regulatory processes and fully responsive exam support.
Operate with a strong risk mindset to ensure that the bank operates in a safe, sound and fully compliant matter within applicable regulatory and risk expectations.
This position also:
Meets or exceeds regulatory expectations and supports the three lines of defense model in overseeing financial risk management activities.
Influences and responds promptly and appropriately to changes in the regulatory environment.
Remediates findings by regulators and internal control groups timely and completely.
Provides value added support to OSFI, CDIC annual reviews, internal / external corporate audits, other regulatory requirements; compliance processes including BCP, BIA, RCSA requirements.
Represents the Treasury Department on financial risk management related issues and projects in a consultative/advisory role and collaborates across Finance and other stakeholder groups.
Provides updates and presentations to leadership and governance committees.
Monitors industry information regarding funding, liquidity, ALM, and financial risk management development and best practices.
Develops documentation and supports the development of related policies and procedures.
Provides value added analysis on ad-hoc projects as required; provide support and leadership to other Treasury positions as required.
Leads and develops professional treasury staff as required.
Qualifications
University degree / equivalent professional certification with 8+ years progressive Treasury experience in the Canadian banking environment.
CFA or MBA preferred.
Strong knowledge / understanding of funding, liquidity risk management, stress testing, balance sheet (ALM) and financial risk management.
Deep understanding of economics, banking, financial markets and derivatives.
Knowledge and experience in control & process management – design, implementation and execution of regulatory related processes.
Project and process management skills with the ability to meet critical deadlines and manage multiple priorities simultaneously.
Excellent interpersonal, oral, and written communication skills and ability to present findings clearly and in a compelling manner to senior leaders.
Strong forecasting / analytical / modeling skills.
Strong problem solving skills; able to come to conclusions and make recommendations in complex situations.
Mature leader - able to think strategically.
Enjoys working in a fast paced, deadline-oriented environment with minimal supervision.
Well developed collaboration and networking skills; with a positive committed attitude. Able to add value quickly in a dynamic environment.
Very strong PC / system skills and thorough knowledge of excel essential; digital mindset – able to lead automation initiatives; streamline and improve processes.
The job posting is for an existing vacancy.
We back you with benefits that support your holistic well-being so you can be and deliver your best. This means caring for you and your loved ones' physical, financial, and mental health, as well as providing the flexibility you need to thrive personally and professionally:
Competitive base salaries
Bonus incentives
Support for financial-well-being and retirement
Comprehensive medical, dental, vision, life insurance, and disability benefits (depending on location)
Flexible working model with hybrid, onsite or virtual arrangements depending on role and business need
Generous paid parental leave policies (depending on your location)
Free access to global on-site wellness centers staffed with nurses and doctors (depending on location)
Free and confidential counseling support through our Healthy Minds program
Career development and training opportunities
American Express is committed to providing an inclusive and accessible work environment in which all people who apply for positions or who work for or on behalf of Amex are treated with dignity and respect and are provided with equal treatment with respect to employment, regardless of that person's age, sex, sexual orientation, gender identity, gender expression, race, colour, ancestry, ethnic or national origin, citizenship, religion or creed, marital status, family status, pregnancy, disability, record of offences, social condition or origin, political beliefs, association or activity or other factors prohibited under applicable Human Rights legislation (the “Prohibited Grounds”). If you have a disability and need accommodation, please speak with the Recruiter for more information.
Offer of employment with American Express is conditioned upon the successful completion of a background verification check, subject to applicable laws and regulations.
