Title:  Director, International Wealth Management Finance

Requisition ID: 262077

We are committed to investing in our employees and helping you continue your career at Scotiabank.

Purpose

Provides input into the strategic direction, leadership and oversight for finance matters for International Wealth

Management (IWM) finance business partners, ensuring business strategies, plans and initiatives are

supported in compliance with governing regulations, internal policies and procedures.

Responsible for defining, managing, directing, delivering, planning and forecasting the overall financial

processes, controls and reporting of data for International Wealth Management.

As a key partner to the overall IWM Finance management team the Director, IWM Finance is responsible for

providing in-depth financial analysis to support the Global Wealth Management Profit Plan, Forecasts, and

providing ongoing P&L and profitability review. This includes applying analytics to develop and enhance the

financial intelligence capabilities of Global Wealth Management Finance around planning and forecasting,

financial analysis, regulatory changes, financial methodology, and strategic planning.

Is This Role Right for You? In this role, you will:

• Provide insightful analysis related to the health and mix of the International Wealth Management AUA /
• AUM and P&L
• Support ad hoc analysis requests as required
• Develop and maintain strong working relationships within Global Wealth Management Finance and
• Global Wealth Management business units as well as divisional support functions as required
• Direct financial reviews or initiatives to support strategic priorities and/or improve management processes and standardize methodologies. Implement and maintain constantly evolving performance measurement practices, and reporting.
• Lead the planning, forecasting and reporting for IWM growth and financial metrics across channels by:
• Work with the Business Line to build annual plans and quarterly/multi-year forecasts for the entire portfolio, including all balance sheet and P&L items (including Strategic Investments Pool projects)
• Lead the development of portfolio stress-testing scenarios
• Work with Finance partners, provide stewardship on behalf of the business line and initiate enhancements where required
• Lead the production of various monthly and quarterly performance dashboards and scorecards including value-added performance commentary and variance analysis.
• Direct day-to-day activities in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits. Communicate the Bank’s risk culture and risk appetite statement throughout their teams.
• Create an environment in which his/her team pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management
• Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the
• Guidelines for Business Conduct.
• Build a high performance environment and implements a people strategy that attracts, retains, develop and motivate their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.

• Do You Have the Skills?
• MBA and/or Accounting Designation preferred
• Minimum of 10 years directly related experience in a financial area
• Fluency in Spanish an asset
• Thorough knowledge of Global Wealth Management’s products/services, business lines, financial reports, compliance, performance measurement, planning and analysis, service standards, legal and regulatory requirements.
• Must have comprehensive knowledge of management/accounting methods and practices including product profitability, ROE measurement techniques. The incumbent must be able to assess complex business cases including large acquisition/divestiture proposals.
• Strong strategic and analytical skills required to develop the vision, goals, strategies, and plans for the Finance Department aligning with the overall Bank strategy.
• Thorough knowledge of all aspects of finance and the ability to continuously and critically analyze the current state for new concepts, insights and opportunities for improvement.
• Strong initiative, forward thinking and creative problem solving skills with the ability to create or stimulate integrated cross-disciplinary strategic solutions.
• Skilled in gaining the organizational commitment and alignment of various stakeholders in IWM through the use of strong interpersonal skills and win-win outcomes.
• Effective negotiation and influencing skills that can be applied across all functional levels and areas within the organization
• Demonstrated leadership skills and relationship management expertise

What’s In It for You?

• Champion a high-performance environment and contribute to an inclusive work environment.
• The opportunity to join a forward-thinking organization where you are surrounded by a collaborative team of innovative thinkers.
• A competitive compensation and comprehensive benefits plan.
• An organization committed to making a difference in our communities - for you and our customers.
• You can expect to be recognized and rewarded for high-performance; you will be supported by leadership through meaningful development conversations that enable faster advancement and internal training to support your growth and development.

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.