Title:  Manager, Canadian Wealth Management Finance

Requisition ID: 246465

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

The role:

The Manager, Canadian Wealth Management Finance is responsible for the preparation and analysis of the monthly, quarterly, and annual results, forecasting, planning (including 3-year and 5-year strategic plan), for an assigned Canadian Wealth Management (CWM) Team of Experts support group (TOE).

The incumbent is also responsible for contributing to the insights, performance management, metrics reporting, compensation calculation and analytical support of the CWM Team of Experts support group. This includes completion of product profitability reviews, cost benefit evaluations within the various businesses, and financial modeling, and analysis to support strategic initiatives undertaken by the Business.

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

1. Coordinate the development and preparation of Finance reports for Team of Experts support group. The individual is responsible for monitoring results against appropriate performance measurement criteria and key business metrics:

• Monthly Headcount reporting and quarterly headcount analysis
• Monthly expenses accruals
• Monthly Overview Package
• Various KPI reporting and analysis 

2. Provide monthly/quarterly commentary on financial and metric information as required as part of the Canadian Banking and Canadian Wealth Management Finance reporting process.

3. Responsible for running the Strategic & Annual Profit Plan, Scenarios, and Monthly Forecasting cycles, including:

• Updating planning/forecasting models and provide commentary
• Preparation and distribution of the annual budget packages for all stakeholders
• Assist transit owners in completing their department budget
• Monitoring and uploading the budgets/forecasts onto Hyperion
• Preparation of consolidated and completion of analytics
• variance to plan and previous forecasts analysis  

4. Responsible for the development, maintenance, and update of financial models in support of new initiatives and projects proposed by the Business Heads:

• Assist Business Heads in analyzing the financial impact of new initiatives through the modeling of different scenarios and parameters
• Provide recommendations to Senior Management
• Provide Profitability Analysis
• Preparing marketing campaign financial impact analysis

5. Prepare ad hoc reporting and analysis as required.

6. Provide resolution for finance-related issues and support to key stakeholders as required.

7. Manage Financial Analyst intern for successful month-end processes.

8. Perform other duties as assigned.

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

• Preferred Accounting designation (CMA, CGA or CA) or MBA and 3 years related work experience is required.
• Be a self-starter, results-focus, and highly motivated individual with the ability to multi-task.
• Strong organizational, interpersonal and communication abilities to direct varied activities within tight deadlines.
• Excellent financial analysis skills with a solid grasp of Bank profitability and performance measurement tools/criteria are essential, as is a demonstrated ability to conceptualize problems and clearly apply analytical techniques for evaluating investments to make sound financial recommendations to Senior Manager / Manager.
• Working knowledge of financial software such as OBI, Hyperion, or Peoplesoft.
• Strong Excel skills are a prerequisite (Pivot Tables, Vlookup, Sumif, Sumproduct, etc.).
• Nice to have experience with Power Query and PowerBI.
• Superior influencing skills with excellent interpersonal, communication (written and verbal) and negotiation skills to build consensus and obtain co-operation.
• Exemplary customer service, including professional advice and creative solutions, is required.
• Takes accountability for providing excellent service and resolving customer problems promptly and professionally.
• Strategic problem solving and stay focused and present to task.  Ability to identify issues and recommend viable solutions.
• Ability to efficiently manage multiple priorities to ensure timely delivery while giving strong attention to detail.
• Must be proactive, be able to work independent, and have positive working attitude.
• The incumbent must be well organized with good problem-solving skills, strong attention to detail, and have good verbal and written communication skills.
• Very strong communication, presentation and interpersonal skills allowing effective interaction with senior management and team members.
• This position requires strong customer service attitude and pro-active attitude to resolve complex business issues.
• The position requires high level of flexibility to adapt quickly to a dynamic business environment.

What’s in it for you?

• A rewarding career path with diverse opportunities for professional development.

• A culture that promotes teamwork and cross-functional collaboration to achieve business goals. Inclusive workplace that values diversity of thought, background, and experience.

• An organization committed to making a difference in our communities – for you and our customers.

• Opportunity to work with a very enthusiastic team that helps our clients by ensuring the Bank is able to continue to operate to deliver key business services.

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.