Senior Analyst, Asset Liability Management (ALM) & Market Risk (8 Month Contract

Why DUCA?

We’re a vibrant, exciting credit union that lives its "profits with a purpose" philosophy in every financial transaction, product, interest rate, and community initiative we offer. Founded in 1954, DUCA has grown from a single branch credit union in Toronto to 19 branches across Southern Ontario with over 85,000 Members we are proud to serve.

We exist to help People, Businesses and Communities Do More, Be More, and Achieve More™.

DUCA (  ) is distinguished for the following:

• Positive, un-big bank like service experience delivered through Member-facing staff in branch, on the phone (Member-Connect) and via our Mobile mortgage specialists, Wealth Management advisors and Commercial and Business Banking Account Managers.
• Competitive rates.
• Personalized financial solutions, guidance, and service with the lowest possible fees for both Personal and Business Members.
• Profit sharing among Members.
• Multiple ways to bank—online, mobile app, phone/full-service Member Connect Contact Centre, and, of course, in-branch—DUCA is accessible 24/7
• A community philosophy of "profits with a purpose" culminating in the creation of the DUCA Impact Lab ( ), a charitable foundation committed to helping the credit challenged and underbanked. This led to DUCA's designation as a B-Corp certified organization, the first ever credit union to receive this global recognition.

A career with DUCA means you’ll find endless opportunities to make a difference with your unique abilities and perspectives. Our people live their purpose while helping others Do more, Be more and Achieve more with their money and their lives. At DUCA, you’ll be part of a vibrant and collaborative team where you’ll be supported to excel and make an impact, no matter what role you play.

DUCA is looking for a Senior Analyst, Asset Liability Management (ALM) & Market Risk to join our growing team!

The Senior Analyst, Asset Liability Management (ALM) and Market Risk is responsible for leading day-to-day activities related to structural risk management (which includes interest rate risk and foreign exchange currency risk), market risk, capital management and strategic liquidity management within the Treasury function.

• Execute enhancements to the interest rate risk, foreign exchange risk management and market risk functions with analysis, exposure identification and recommendations for hedging strategies.
• Create and maintain models for assessing and managing foreign exchange currency.
• Act as primary liaison with 3rd party consultants managing DUCA’s ALM model.
• Facilitate the completion of the quarterly Management Risk and Asset Liability Committee (MRALCO) package.
• Update market rates (for example, Government of Canada bonds and interest rate swaps) and cost of funds comparisons across all of DUCAs funding sources.
• Implement new agreements and ongoing review of existing agreements with counter parties that facilitate structural risk and market risk management. Agreements include but are not limited to International Swaps and Derivatives Association (ISDA) Schedule and Credit Support Annex (CSA) Form.
• Keep abreast of relevant market and/or regulatory trends by analyzing emerging issues and interpreting regulatory guidance as it pertain to DUCA while making appropriate recommendations.
• Complete accounting entries for trades on behalf of organization such as derivatives and securities purchases
• Understand and comply with limits within the Structural Risk Management Policy and Market Risk Management Policy.
• In partnership with Treasury leadership, conduct annual review and update of Structural Risk Management Policy as it pertains to ALM and Market Risk Management Policy as it pertains to Treasury.

• Act as primary liaison with 3rd party consultants managing DUCA’s regulatory capital forecasting (ie. leverage ratio, total supervisory risk-weighted capital ratio, retained earnings as a % or risk-weighted assets, tier 1 as a % of risk-weighted assets, capital conservation buffer as a %…