Title:  Director, AI Financial Management

Requisition ID: 264401 

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Director, AI Financial Management is responsible for establishing and leading the financial operations (FinOps) strategy and governance for Artificial Intelligence (AI) across the enterprise. This role provides executive-level oversight of AI-related spend, including infrastructure, models, data, and platforms, ensuring transparency, cost optimization, and value realization aligned to enterprise priorities. The incumbent will define and operationalize AI FinOps frameworks, enable data-driven decision-making for AI investments, and drive accountability across Technology, Finance, and Business stakeholders. This role plays a critical part in scaling AI responsibly by balancing innovation, cost efficiency, and financial discipline.

Is this role right for you? In this role you will:

• Defines and leads the enterprise-wide FinOps framework for AI, including governance, policies, and standards for managing AI-related spend (e.g., cloud, GPU/compute, model usage, data pipelines).
• Establishes financial transparency across AI initiatives by developing cost attribution models, unit economics, and consumption-based reporting structures.
• Leads a team delivering advanced financial analytics and insights on AI cost drivers (e.g., training vs. inference, model selection, usage patterns), identifying optimization opportunities.
• Partners with Technology, Data, and AI leadership to align AI investment strategy with business value, ensuring clear ROI frameworks and prioritization discipline.
• Oversees budgeting, forecasting, and scenario planning for AI-related investments, incorporating demand signals, capacity planning, and cost volatility factors.
• Drives optimization strategies including model efficiency, compute utilization, workload scheduling, vendor management, and architecture choices to reduce cost per outcome.
• Collaborates with Finance and Technology teams to implement real-time FinOps dashboards and KPIs tracking AI spend, performance, and value delivery.
• Establishes governance processes ensuring appropriate controls, financial oversight, and risk management for AI spend, including compliance with internal policies and external regulations.
• Leads vendor and partner engagement related to AI platforms and cloud providers, supporting commercial negotiations and cost benchmarking.
• Acts as a key advisor to the VP & CFO, Global Technology and senior leadership on AI investment trade-offs, financial risks, and optimization opportunities.
• Drives change management and adoption of FinOps best practices across the organization, fostering a culture of cost accountability and value realization in AI usage.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Creates an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Builds a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and managing succession and development planning for the team.

Do you have the skills that will enable you to succeed in this role?  We’d love to work with you if you have:  

• University degree (preferably MBA, or finance/business)
• Minimum of 10 years of experience in financial planning, analysis, and reporting or a related field within a large, complex organization with at least 5 years in a leadership role
• Strong understanding of AI/ML cost structures, including cloud computing (GPU/CPU), data pipelines, model training, and inference economics.
• Experience implementing or operating FinOps practices, preferably in cloud and/or AI-driven environments.
• Proven track record in financial modeling, cost optimization, and investment governance for emerging technologies.
• Familiarity with FinOps and technology tooling (e.g., Apptio, Cloud cost tools, Databricks, Azure/AWS/GCP cost management platforms) is an asset.
• Exceptional analytical, problem-solving, and decision-making capabilities with ability to translate complex technical cost drivers into financial insights.
• Strong executive communication skills with experience advising CFOs, CIOs, and senior technology leaders.
• Ability to operate in a fast-paced, evolving environment with high ambiguity and innovation focus.
• Strong stakeholder management and influencing skills across Finance, Technology, and Business teams.

What’s in it for you?

• A rewarding career path with diverse opportunities for professional development
• An organization committed to making a difference in our communities – for you and our customers.
• A competitive rewards program includes annual bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day. 
• Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
• Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements. 

Location(s):  Canada : Ontario : Toronto 

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our  Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.