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Senior Manager, Funding Transfer Pricing and Expense Allocation

Home Trust Company

This is a Contract position in Toronto, ON posted April 1, 2021.

Company Profile

Home Capital Group Inc., together with its operating subsidiary Home Trust Company, has developed a track record of success as Canada’s leading alternative lender, employing nearly 800 people in our Toronto headquarters and branches across the country.  Building on the demonstrated strength of our core residential and commercial mortgage lending business, the Company and its affiliates also offer complementary lending services and competitive deposit investment products. Our culture has been shaped by the passion and integrity of our people.  Home Trust is a wholly-owned subsidiary of Home Capital Group, trading on the TSX under the symbol HCG.

Position Responsibilities

Funds Transfer Pricing

•    FTP Development:  Contribute to ongoing development of FTP methodologies for all Company assets such as uninsured and insured assets for Residential, Commercial and Visa products, as well as liabilities such as core Broker and Oaken deposit products (e.g. GIC’s), securitized funding vehicles (e.g. RMBS) and other funding vehicles that arise. 
•    RAROC Development:  Work with other members of Finance, Capital & Strategy team, as well as other internal stakeholders to develop RAROC model and include results in ongoing monthly BU Performance Management reporting. 
•    FTP & RAROC documentation:  Leveraging documentation prepared to-date, develop and maintain documentation for Corporate policy(s), Process/Procedure Statement of Practice (SOP’s). 
•    Compliance:  Ensure ERM compliance for model development and model vetting.
•    Reporting:  Using asset and liability cost curves supplied by Treasury, produce ongoing reporting & analysis of plan/forecast vs actual Cost of Funds results as part of the product segment reporting included in the BU Finance monthly BU performance reporting

 

Expense Allocation:

•    Maintain current Excel Model:  Own / maintain the current Excel model that provides unit cost information by business function, as well as product cost allocations (full cost allocation model) used in product segment Income Statement reporting.  Product expenses would include actual and plan costs to originate, costs to service and Corporate
•    Overhead costs.  Work with key stakeholders in BU’s and Corporate functions to update model assumptions (e.g. cost driver assumptions) on timely basis. 
•    Transition to new Model:  Support the transition of the Excel model to a more robust Expense Allocation tool. 
•    Ongoing reporting & analysis:  Provide monthly reporting on actual vs plan/forecast product expense results, including variance analysis.  Also provide ongoing commentary on Unit Cost trends. 

Formal Education

  • Post secondary degree or diploma preferred
  • Certification(s)/Designation(s) preferred in related area

Related Experience

• 5+ years’ experience in a similar role in Financial Services in Finance / Treasury, Risk, Money Markets or Capital markets 

Skills

  • Multi – tasking in fast paced, deadline driven environment
  • Analytical thinking
  • Problem solving – exceptional
  • Communication (verbal and written) – excellent
  • Excel – advanced

Position Complexities

  • Some work beyond standard hours

Acknowledgement

All employees of Home Capital Group Inc. must comply with all applicable Home Capital Group Inc, Home Trust Company, and specific Line of Business policies, standards, guidelines and controls.  Additionally, all employees are obligated to become familiar with Home’s risk management framework and understand the operational risk management requirements within their specific business.  Employees are also expected to understand and comply with the Company’s Code of Conduct & Ethics Policy at all times and escalate any issues or concerns through various reporting channels (i.e. Ombudsman, Compliance Hotline, Whistleblower Policy, etc).