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Title:  Manager, Financial Planning & Analysis (Wealth Management)




Requisition ID: 174086

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


Job Purpose:

The Manager, Financial Planning and Analysis (Asset Management) plays a key role in supporting the asset management leaders in helping them execute on their financial strategies and overall financial performance. The Manager is responsible for providing greater financial insight to the business lines partners (internal and external views), management and coordination of planning within Asset Management, and improve the financial production effectiveness. The manager reports to the Senior Manager, and works in close partnership with the business leaders, CB Finance, and other business partners, to drive insightful analysis, and continuously looks for opportunities for process optimization. The Manager is required to demonstrate strong leadership skills to drive adoption of new financial planning (budgeting and forecasting) processes and procedures within Asset Management.


A key part of the role is to manage business relationships and provide deep-analytics and insights to support the business and drive business results. This includes conducting research and analysis based on industry and competitive intelligence (such as IFIC statistics, etc), and structuring / organizing data and building efficient reporting solutions. In addition, the Manager, is also responsible for managing the – (1) monthly / quarterly reporting, (2) development of the annual financial plans, (3) and quarterly forecasts for the business.


1) Business Line / Product Level Reporting and Insightful Analysis

  • Maintain internal reporting on investment products (such as sales , redemption, market share, etc), research industry investment product trends (asset class, category, industry sales, industry redemptions, market share) and provide insightful analysis to business leaders and executives
  • Support business line leaders with regular and ad-hoc reporting requirements – such as assist with product- related questions on Request for Proposals (RFPs)
  • Provide insightful analysis to the business leaders to drive business results
  • Provide competitive insights to the business leaders to measure relative performance vs industry and peers


2) Preparation of quarterly business line update and full-year forecast:

  • Ownership of timely collection of financial and non-financial data from business and support groups
  • Consolidation of brand level forecast for CAM
  • Ensure accuracy and completeness of quarterly update and full year forecast
  • Complete analytical review to:
    • Ensure completeness and reasonability of forecast, provide viable solutions to issues raised
    • Understand the relevant performance of Asset Management business plan vs actuals
      • Communication of quarterly results to Senior Manager

3) Annual Profit Plan and Forecasting:

  • Actively participate in the annual profit planning & quarterly and multi-year forecasting for the business lines. Contribute to the annual profit plan, by meeting with department heads and further developing current processes related to forecasting of AUM driven items
  • Timely and accurate preparation of budgets relating to business units and support groups
  • Ownership of timely collection of financial and non-financial data from business lines
  • Complete summary deck for CAM divisional profit plan, for presentation to senior management team
  • Complete analytical review to:
    • Ensure completeness and reasonability of forecast, provide viable solutions to issues raised
    • Understand the relevant performance of the business to base forecast

4) Month-end and Quarter-end Reporting

  • Actively participate in month-end and quarter-end reporting process.
  • Prepare quarter-end results for Asset Management
  • Ensure accuracy and completeness of quarter end results
  • Complete variance analysis to understand significant quarterly transactions


5) Supports the development of Finance reports as requested, endeavor to improve financial information


6) Supports the Director, Sr. Manager and Managers in the information gathering process and analysis for strategic and tactical projects requested by Senior management


7) Provides resolution to Finance Division request for information on financial and management reports, revenue and expense analysis and any other finance-related inquires. Also, assist in various ad-hoc reporting for Senior Management.


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 undergraduate degree in Accounting/Finance/Commerce or other related field;
  • Minimum 5 years in accounting / analysis function;
  • Attainment or working toward a professional accounting designation (CPA)
  • Broad knowledge of Bank's asset management products and services
  • Highly detailed-oriented, with the ability to work under own initiative
  • Database management experience (Access Database tools) along with advanced Microsoft Office skills particularly in Excel and Access
  • Takes accountability for providing excellent service and resolving customer problems promptly and professionally
  • Identifies factors that have an immediate effect on departmental business goals with a focus on short to mid-term goals
  • Relationship management - opportunities to collaborate within and beyond valuation team
  • 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 and have positive working attitude.
  • Very strong communication, presentation and interpersonal skills allowing effective interaction with senior management and team members
  • Ability to lead high volume, maintain composure at busy times, and effectively delivery on time sensitive projects 
  • Strong knowledge of financial accounting and generally accepted accounting principles
  • Advanced knowledge of Access database query tools
  • Advance knowledge of business related computer software specifically Excel, PowerPoint and Word
  • Accounting related experience and advanced analytical skills
  • Strong knowledge of the securities and financial services industry (ie investment funds industry)
  • Work in a standard office-based environment; non-standard hours are a common occurrence.


What’s in it for you?

  • An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
  • We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
  • Your career matters! You will have access to career development and progression opportunities.




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.

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