Wealthsimple

Director, Treasury & Capital Markets

Wealthsimple

full-time

Posted on:

Location Type: Remote

Location: Remote • 🇨🇦 Canada

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Job Level

Lead

About the role

  • Serve as the primary relationship owner for financial and bank partners, ensuring deep alignment and synergy on our strategic goals and growth objectives
  • Build and maintain a multi-layered engagement model with partner institutions across different relationship coverage teams and their key internal stakeholders (operations, credits, treasury and risks) to unlock new opportunities
  • Lead negotiations on key commercial terms, capacity, pricing and yield to support Wealthsimple’s priorities
  • Provide strategic guidance on new product initiatives that require bank/financial partner involvement and drive internal stakeholder alignment (Product, Engineering, and Operations) on product features and offerings that meet client and investor/partner needs
  • Bring innovative solutions to all aspects of the role and Treasury & Capital Markets team, to enable Wealthsimple products to be best in-class to address our client’s needs
  • Foster and deepen financial partners relationships; identify and build new partnerships
  • Oversee Wealthsimple’s Treasury investment portfolio to propose investment plan, execute strategy, monitor portfolio performance and perform appropriate rebalancing
  • Monitor market conditions, rate environments, and credit markets to identify and manage Wealthsimple’s market risk exposure
  • Propose hedging strategies and work with the Controllers team to ensure proper accounting treatment
  • Maintain and enhance Wealthsimple’s Investment Policy, FX Risk Management Policy, as well as corporate investment strategy
  • Responsible for the counterparty credit risk management and collaborate with key stakeholders to execute on the framework
  • Represent Treasury in executive-level discussions, articulating partnership, market risk and investment management strategy, financial impact, opportunities and risks

Requirements

  • 10+ years of Treasury and/or front office Capital Markets experience with direct external negotiation and engagement
  • A demonstrated ability to manage external relationships with financial institutions/banks, capital markets counterparties, including leading complex negotiations that require deep understanding of balance sheet management, regulatory requirements and funding/money markets
  • A deep understanding of banking and capital markets products, specifically deposits placement and FX/interest rate hedging transactions
  • Expert in regulatory liquidity requirement and treatment (OSFI LAR, US LCR, and internal stress testing)
  • Track record of standing up new deposits products, driving outcomes from start to finish
  • Prior experience in leading negotiations on deposit agreement, trust agreement, ISDA’s, GMSLA’s, GMRA’s, and similar highly structured agreements
  • A deep understanding of Treasury investment portfolio management (capital markets and investment products) and portfolio risk management (primarily FX and interest rate risk management)
  • A passion for Wealthsimple and technology, specifically fintechs and AI
  • An ability to thrive in a fast-paced and highly ambiguous settings, building products and processes from the ground up with limited guidance
  • A growth mindset
  • Excellent interpersonal and stakeholder management skills to build strong collaborations and drive influence across internal and external stakeholders
  • Superior strategic thinking and problem solving skills able to drive large initiatives while being detailed and tactical in approach
  • The ability to balance superior attention to detail with delivering with speed
  • Very strong communication skills and ability to distill complex concepts and its impact effectively, especially to a non-Treasury audience.
Benefits
  • Competitive salary with top-tier health benefits and life insurance
  • Retirement savings matching plan using Wealthsimple for Business
  • 20 vacation days per year and unlimited sick and mental health days
  • Up to $1,500 per year towards wellness and professional development budgets respectively
  • 90 days away program: Employees can work internationally in eligible countries for up to 90 days per calendar year
  • A wide variety of peer and company-led Employee Resource Groups (ie. Rainbow, Women of Wealthsimple, Black @ WS)
  • Allocated number of Wellness Days that can be scheduled over the course of the year!

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
Treasury managementCapital marketsBalance sheet managementRegulatory requirementsDeposits placementFX hedgingInterest rate hedgingPortfolio risk managementInvestment portfolio managementNegotiation
Soft skills
Interpersonal skillsStakeholder managementStrategic thinkingProblem solvingAttention to detailCommunication skillsCollaborationGrowth mindsetAbility to thrive in ambiguityInfluence