Aviso:
At Aviso, we are dedicated to improving the financial well-being of Canadians. As a leading wealth management organization, we are committed to leadership, innovation, partnership, responsibility, and community. Working with talented and energetic professionals who exemplify our values every day, you will quickly notice that our people and dynamic ‘oneaviso’ culture sets us apart. If you are looking for interesting and challenging work, at a company committed to its people, find out more about what Aviso has to offer at www.aviso.ca.
The Opportunity:
We’re looking for a Senior Treasury Analyst, to join our Finance & Treasury Team.
Reporting to the Director, Corporate Treasury, the Senior Treasury Analyst will manage day to day treasury operations for Aviso and its subsidiaries, manage banking and counterparty relationships to negotiate and solicit optimal treasury products and interest rates, prepare annual treasury budget and periodic forecasts to support business decisions, and ensure investment policy compliance. This position is responsible for delivering accurate Treasury reports to internal and external stakeholders, successful implementation of Treasury and capital models and treasury optimization objectives.
Who you are:
Service – You put your clients’ needs first. You advocate service excellence, and work to deliver client-centric solutions, and proactively develop strategic partnerships that allow Aviso Wealth to become a trusted advisor and partner
Execution – You are committed to achieving your goals and to succeed. This includes focusing on “getting things done”, as well as recognizing and taking advantage of opportunities as they arise. You are consistently looking for ways to improve your personal best and see value in continuous improvement. You take accountability for your actions and learn from mistakes
Collaboration – You work collaboratively with others with the common goal of driving positive results. Making meaningful contributions to your team to achieve organizational goals is a priority. You proactively encourage collaboration, build trust and inclusion, and work to establish effective relationships both inside and outside of the organization
What your day looks like:
Manage day to day cash management to ensure sufficient funding is available to support daily operations, clients’ margin loan borrowings, regulatory free client cash segregation requirements, shareholders and Credit Unions’ dividend payment, and annual employees’ bonus payment. Ensure all SLAs are met
Responsible for timely delivery of accurate Treasury reports to external and internal stakeholders including but not limited to Board of Directors, executive and senior management, and department leaders
Challenge the status quo, streamline the day to day cash management processes to identify funding requirements and determine the best available funding options
Acquire a solid understanding of Aviso’s products and services, and trading activities across all business lines to identify levers and drivers of cash balances and treasury income
Develop and manage treasury portfolio model for fixed income securities, foreign currency derivatives and interest rate swaps to ensure market risk exposure stays within the investment policy limit and regulatory constraints
Using modeling tools available on the Bloomberg terminal, implement and actively manage interest rate risk hedging and foreign currency hedging strategies to minimize Aviso’s exposure to market risks
Manage relationships with Aviso’s capital market team, banks, Credit Unions and foreign currency counterparties to actively solicit higher interest yield instruments and foreign exchange instruments to optimize Aviso’s treasury income.
Monitor daily and monthly MTM P&L on the treasury portfolio
Monitor and report the regulatory capital measurement impact arising from Aviso’s investment and funding activities to VP Finance & Treasury
Provide morning market update on interest rate movements – CDOR, SWAP, CORRA, OIS rates to Chief Financial Officer and VP Finance & Treasury
Develop and prepare daily and monthly treasury report to management with market data benchmark, cash balances and AUA data, and compare actual against budgeted treasury income. Perform variance analysis and provide commentary
Prepare treasury income budgeting and forecasting to support business decisions for all business lines. Perform back-testing to refine the budgeting and forecasting methodologies
Interact with counterparties and Internal trade desk to execute trade orders and obtain market data.
Be an advocate of continuous improvements
Your experience and skills:
Strong business acumen, ability to influence and make sound recommendations as well as build and maintain solid relationships with stakeholders are key success factors in this role
Experience in wealth management and asset management industry is an asset
Strong interest and curiosity in capital markets, investment vehicles and functions of securities broker-dealers.
Minimum of 7 years’ experience in Treasury Analyst functions in medium to large enterprises
Hands on experience in accounting for financial instruments under IFRS 9 and Hedge Accounting
Perseverance to gather information from various stakeholders and take the project from start to finish in a logical manner
Superior computer skills; ACCPAC, Excel, Bloomberg Terminal, and report writers
Detail oriented with strong organizational skills
Customer service oriented to respond quickly and effectively to non-routine enquiries
Strong analytical skills and judgment
Fluent communication skills in English are required and bilingual skills in French are an asset
Ability to work well under pressure and with tight deadlines
Why Aviso?
At Aviso, you will find a dynamic and inclusive culture that rewards innovation and celebrates success.
Here are a few things that set us apart:
Competitive compensation package that rewards and recognizes individual contributions
Excellent health, dental and insurance benefits to meet the diverse needs of our employees
Generous vacation time, fitness benefit, parental leave top-up options
Matching contributions to our retirement program
Commitment to the continuous improvement of our staff through learning & development and an education assistance program
Regular social events to foster teamwork
Your Information
By submitting your application, you consent to the collection, use, and disclosure of your provided personal information for the purposes of assessing your qualifications and suitability for employment with Aviso. Your information will be handled in accordance with applicable Canadian privacy laws, including the Personal Information Protection and Electronic Documents Act (PIPEDA) and relevant provincial legislation. Your data may be shared with authorized personnel involved in the recruitment process and retained only as long as necessary to fulfill these purposes or as required by law.
Further information is available on the Privacy link on our Career Page – Privacy Policies
Equal Employment Opportunity
Aviso welcomes and encourages applications from all qualified individuals including persons with disabilities. If you require an accommodation, we will work with you to meet your needs in all stages of the hiring process.
We thank all applicants for their interest, however, only those selected for further consideration will be contacted.
No recruiters or agencies, please.
Company Overview:
Aviso is a leading wealth management and investment services provider for the Canadian financial industry, with approximately $145 billion in total assets under administration and management, and over 1,000 employees. We’re building a comprehensive, technology-enabled, client-centric wealth services ecosystem. Our clients include our partners, advisors, and investors. We’re a trusted partner for nearly all credit unions across Canada, in addition to a wide range of portfolio managers, investment dealers, insurance and trust companies, and introducing brokers. Our partners depend on Aviso for specific solutions that give them a competitive edge in a rapidly evolving, highly competitive industry. Our investment dealer and mutual fund dealer and our insurance services support thousands of investment advisors. Our asset manager, NEI Investments, specializes in investing responsibly. Our online brokerage, Qtrade Direct Investing®, empowers self-directed investors, and our fully automated investing service, Qtrade Guided Portfolios®, serves investors who prefer a hands-off approach. Aviso Correspondent Partners provides custodial and carrying broker services to a wide range of firms. We have offices in Toronto, Vancouver, Montreal, and Winnipeg. Aviso is backed by the collective strength of our owners: the credit union Centrals, Co-operators/CUMIS, and Desjardins. We’re proud to power businesses that empower investors.
A career with Aviso means being part of a group of talented, energetic professionals who live their values every day, and belonging to an organization dedicated to your success and career development. If you’re looking for interesting and challenging work, at a company committed to its people, apply to join our team.
Salary
This position is posted with an expected salary range of $93,000 - $113,000 CAD annually. Individual compensation packages are based on various factors unique to each candidate and the requirements of the position.
