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Senior, Treasury Analyst

Date: Mar 19, 2023

Location: CA

Company: Independent Electricity System Operator

INDEPENDENT ELECTRICITY SYSTEM OPERATOR

Job Title: Senior, Treasury Analyst
Requisition ID:  18433
Location: Mississauga, ON (Hybrid)
Status: Regular

 

Why join us? 

You’ve got great skills. And you want to use them in an organization where you know what you do every day matters. We get that.
We also know that ensuring Ontarians have access to affordable and reliable power doesn’t happen by accident. So we give you the tools, flexibility and support you need to achieve your goals, and development opportunities to help you grow. You’ll thrive in a collaborative, team-based environment that values your unique skills and experiences – and recognizes that when you do better, we become even better too.  

Who we are 

The Independent Electricity System Operator (IESO) works at the centre of the province’s power system, ensuring Ontarians have access to reliable and cost-effective electricity when and where they need it. We operate the province’s electricity grid 24/7, design, run and oversee the wholesale electricity markets, and plan and prepare to meet Ontario’s electricity needs – now and into the future.

 

The Opportunity 

Senior, Treasury Analyst will be responsible for collaborating externally with market participants, external advisors, and financial institutions to enable the IESO to administer the prudential framework, as well as to oversee treasury liquidity and cash management activities and its recording in the financial statements. Additionally, the incumbent will ensure that prudential obligations as defined by the market rules are complied with, and that Treasury policies are adhered to.  

 

The Senior, Treasury Analyst will be required to provide detailed analysis and recommendations to senior staff, including analytical research, market intelligence, as well as suggestions for IESO process enhancements.    

 

What you'll be doing

  • Prepare daily, monthly and ad-hoc analysis/reports on margin calls, collateral calls, prudential stats, bank exposure and various other reports to support the Prudential Specialist and senior management to comply with the market rulesn and mitigate credit risks across business units.
  • Analyze and reconcile participants’ history of transactions and collateral holdings to update auction bid limits for the Transmission Rights market.
  • Provide subject matter advice based on in-depth knowledge of the market rules in response to inquiries from market participants.
  • Identify and report potential instances of non-compliance with market rules, both on the part of Market Participant and the IESO. 
  • Provide subject matter expertise to the Compliance and Dispute resolution units.
  • Research issues raised by external market participants or senior management regarding collateral requirements. 
  • Ensure familiarity and adherence with Treasury policies and controls at all times. 
    • Identify and report potential instances of non-compliance to senior treasury staff.
    • Act as Treasury lead in the yearly financial statements audit process.
  • Administer and participate in the preparation of cash flow forecasts to ensure sufficient funds are secured to meet operational requirements. 
  • Analyze daily cash variances by monitoring all banking activities. 
  • Report any fraudulent transactions.
  • Be responsible for the accounting and analysis of various General Ledger (GL) accounts. 
  • Examine and analyze economic data collected in order to assess investment performance to be reported to the Audit Committee.
  • Assist senior management in the preparation of annual financial statements for the registered pension plan for use in the external audit and in government filings.
  • Administer and participate in the preparation of the operating budget for the pension plan, including review of business unit submissions and completion of consolidated level variance analysis and related reporting. 
  • Perform other analysis, including various pension reconciliations. 
  • Research issues raised and interact directly with external contacts to resolve such issues.
  • Administer the financial side of the programs offered to employees to purchase, transfer or terminate their pensionable service.
  • Work closely with various pension stakeholders to ensure timely and accurate investment reporting.
  • Contribute to project development with a focus on driving and enhancing operational efficiencies.
  • Act as a backup to fellow Treasury colleagues and participate in various ad-hoc tasks such as: investigate all payment defaults, approve banking changes submitted by market participants, and assess/analyze prudential reduction requests, and other duties as required.

 

What you'll need

Education:

  • Requires a comprehensive knowledge of business systems, financial and management accounting and reporting, related mathematics, analytical techniques and computer and database systems. 
  • Requires critical thinking and problem solving skills and in-depth research abilities.
  • This knowledge is considered to be normally acquired either through the successful completion of a four-year university degree in a business discipline (Commerce, Economics, Finance).
  • A Certified Treasury Professional (CTP) designation is required or currently pursuing a CTP designation.  A Chartered Financial Analyst (CFA) designation or the pursuit of one would be considered an asset.

 

Experience:

  • Requires a background in financial knowledge with specific experience in cash flow management and credit risk monitoring processes. 
  • Requires financial computer system experience and direct experience with Treasury applications.
  • Experience in developing new accounting processes to meet changing reporting needs and taking action to detect and resolve problems as they arise is essential.
  • Requires excellent interpersonal, oral and written communication skills to prepare reports and answer detailed questions from external market participants and work with internal departments at resolving new issues.
  • Must have an understanding of the Market Rules pertinent to the financial management and reporting requirement established for the function.
  • Financial based knowledge of the energy industry is necessary.
  • Requires some supervisory experience related to ensuring workflow. 
  • A period of over 6 up to and including 8 years is considered necessary to gain this experience.

 

What’s in it for you

  • A comprehensive total rewards program, including best-in-class benefits and a flexible workplace 
  • A challenging, fast-paced and collaborative team environment, where your perspectives and experiences matter 
  • Leaders who support your growth and success through regular feedback and coaching
  • The opportunity to work with some of the brightest minds in the industry


For future reference, please ensure to save a copy of the job description as it will no longer be available once the posting closes.

At the IESO, we know that achieving great results depends on embracing diversity by attracting, developing and retaining people from a wide variety of backgrounds. We do this by ensuring our recruitment and advancement policies are fair and equitable, and by creating an accessible and inclusive environment – one that values every team member’s unique skills and experiences and ensures they have the support they need to achieve their potential. If you require accommodation during the recruitment process, please let us know. 

 

We thank you for your interest in a career at the IESO, but we will only contact those candidates selected for an interview. 

Note: The successful candidate must be eligible to work in Canada and will be subject to a background check.

 

The IESO offers a Hybrid Work Model Program. The Model allows for remote working up to three days per week, based on business needs. When working in the office, you will be located at our Mississauga location.

 

Join our talent community

Sign up for talent community; stay in touch, find out about new opportunities – and discover how you can make a difference. Discover how we use our expertise and commitment to deliver reliable and affordable electricity to Ontario’s businesses and communities, and how we’re innovating to secure a stronger energy future for all Ontarians. Visit 
Careers at IESO and be sure to follow us on LinkedIn.

Find out why we were selected as Greater Toronto’s Top 2022 Employers, and what we offer.

 

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