Manager, Treasury at American Express Company South Africa

Toronto, Ontario, Canada -

Full Time

Start Date

Immediate

Expiry Date

05 Jan, 26

Salary

0.0

Posted On

07 Oct, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Treasury Management, Liquidity Risk Management, Asset-Liability Management, Financial Risk Management, Regulatory Compliance, Forecasting, Analytical Skills, Project Management, Interpersonal Skills, Communication Skills, Problem Solving, Strategic Thinking, Data Visualization, Excel Proficiency, Stress Testing, Balance Sheet Management

Industry

Financial Services

Description

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? Manager, Treasury – Funding, Liquidity & ALM This Manager, Treasury role will be responsible for the management of balance sheet risks at Amex Bank of Canada (Bank), including Funding and Liquidity Risk Management and Asset-Liability Management activities at the Bank. This will include the ongoing development, maintenance and execution of the Bank’s ALM and funding and liquidity risk management framework under the Basel and OSFI regulations and requirements. This role resides within the Global Treasury Legal Entity Management (LEM) group within the Global Treasury organization. The LEM team is part of the Global American Express Treasury Balance Sheet Strategy organization which has enterprise-wide accountabilities for satisfying complex and evolving regulatory requirements and expectations. The LEM team is responsible for coordinating and supporting the delivery of treasury services for AXP legal entities ensuring that corporate-wide treasury principles, strategies and policies are consistently applied across all legal entities while reflecting the local environment governance requirements, regulations and business models and include capital management, funding & liquidity risk management and asset-liability management. In addition, the group is responsible for establishing separate capital adequacy, stress testing, and financial risk management programs to meet regulatory expectations and ensure business initiatives appropriately address legal entity requirements. This position reports to the Director, Canada Treasury, and will be responsible to: Perform monthly forecasting and quarterly analyses and reporting on Liquidity Coverage Ratio (LCR), Net Cumulative Cash Flow (NCCF), Internal Liquidity Stress Testing (ILST) and other liquidity metrics and present at the ALCO Committee. Manage, monitor and set the Bank’s liquidity buffer on a quarterly basis to ensure the Bank holds the appropriate amount and composition of high-quality liquid assets to satisfy both internal and external liquidity requirements on an on-going basis. Manage and maintain the Bank’s Contingency Funding Plan (CFP), Early Warning Indicator framework, coordination of CFP live testing, monitoring of contingent funding sources, and provide for timely escalation of early warning triggers and liquidity stress events. Support the Bank’s Sale-of-Receivables (SOR) funding program and ensure the proper execution of sale transactions, governance and reporting. Perform monthly and quarterly analyses and reporting on interest rate gap, net interest income (NII) sensitivity, Earnings-at-Risk (EAR), Economic Value Exposure (EVE) and other ALM metrics and related stress testing. Enable business initiatives by ensuring the Bank’s funding, liquidity and ALM data and reporting needs are met and assist in the identification balance sheet risk in current and new products and services; represent Treasury on business projects in a consultative/advisory role. Interpret regulatory guidance and manage the ongoing evolution and maintenance of the Bank’s funding, liquidity and ALM risk management frameworks and processes to ensure continued compliance with relevant rules and regulations. Recommend and implement strategies to efficiently manage the Bank’s liquidity and IRRBB. Perform periodic analyses and reviews of assumptions, methodologies, limit setting, and processes for ALM and liquidity risk metrics; perform related annual policy reviews. Develop and maintain comprehensive documentation for ALM, funding and liquidity risk management including frameworks and detailed procedures. 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. Provide value added support to OSFI, CDIC annual reviews, internal / external corporate audits, other regulatory requirements; compliance processes including BCP, BIA, RCSA, Risk and Control requirements. Work closely with Global Treasury teams to support local requirements. Cross train on certain other Treasury monthly responsibilities for coverage purposes and provide value added analysis on ad-hoc projects as required. Minimum Qualifications University degree / equivalent professional certification with 5+ years progressive Treasury experience in a regulated banking environment. CFA or MBA preferred. Strong knowledge / understanding of banking, liquidity risk management, stress testing, balance sheet (ALM) and financial risk management. Knowledge of global economic and market environments and their effects on the banking industry. 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. Advanced proficiency in Excel essential; experience in data visualization tools such as PowerBI, Tableau and Cornerstone would be considered an asset. Experience at problem solving; able to come to conclusions and make recommendations in complex situations. Able to think strategically. Enjoys working in a fast paced, deadline-oriented environment with minimal supervision. Well developed networking skills; with a positive committed attitude. Able to add value quickly in a dynamic environment. 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.

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Responsibilities

The Manager, Treasury will manage balance sheet risks at Amex Bank of Canada, focusing on funding and liquidity risk management and asset-liability management activities. This includes developing and executing the Bank’s ALM and funding and liquidity risk management framework under regulatory requirements.