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Senior Manager, Canadian Banking Finance - Small Business and Retail Distribution - Toronto, ON

Date: Jan 11, 2019

Location: Toronto, ON, CA

Company: Scotiabank

 

 

Requisition ID: 49509

 

Join the Global Community of Scotiabankers to help customers become better off.

Job Purpose:

The Senior Manager, Finance Contributes to the overall success of the Canadian Banking Finance – Small Business Banking in Canada ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures. 

 

The Senior Manager is accountable for delivering tactical and strategic knowledge to the Small Business Banking business planning and actionable analysis of business trends and results, including both financial and non-financial reporting. Incumbent is also responsible for senior management decision making by building and maintaining detailed knowledge of profitability drivers.

 

Key Accountabilities:

  • Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Lead the business planning process including annual profit planning, 3 year profit planning, stress testing and forecasting. 
  • Manage the development, enhancement and production of various reporting outputs and dashboards on a weekly, monthly, quarterly and annual basis including coordinating business performance commentary and variance analysis. 
  • Develop, review and analyze business cases that incorporate financial modelling with a business-oriented presentation of the problem, impact, alternatives, business justification and other parameters for management decision-making. 
  • Primarily liaison working with Canadian Banking Finance on Small Business product analysis reports such as the annual Product Profitability Analysis (PPA), Funds Transfer Pricing, accounting policy, and all other finance matters related to Small Business Banking products. 
  • Maintain a dedicated focus on continuous improvement in profitability, competitiveness and positioning in the Small Business Banking business through actionable business analysis.
  • Develop and maintain a process for planning, approving, tracking and reporting department expenses related to both operating and business case expenses. 
  • Take a lead role on the preparation of financial presentations to executives and business partners; presenting results to Small Business Banking senior team on a monthly basis. 
  • 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 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. 
  • Builds a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.

 

 

Functional Competencies:

  • Subject matter expert (SME), combining product knowledge with MIS, practical application of financial management principles, and quantitative analytical skills to support strategic and tactical management decisions. 
  • 5+ years’ experience in product profitability analysis and management reporting 
  • Strong working knowledge in the Banking industry, including Small Business Banking, Retail Banking business, best business practices, and policies and emerging competitors. 
  • Ability to work independently, multi-task, and deliver high quality results under very tight deadlines. 
  • Strong problem-solving and organizational skills and strong attention to detail. 
  • Strong inter-personal skills in dealing with all levels of management. 
  • Expert knowledge of Excel, PowerPoint, and Word 

 

Education/Work Experience:

  • Accounting designation or 5+ years’ experience in interest rate margin analysis is preferred 

 

Location(s):  Canada : Ontario : Toronto

As Canada’s International Bank, we are a leader when it comes to inclusion. We are a diverse and global team, speaking more than 100 languages with backgrounds from more than 120 countries. 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. Candidates selected for an interview will be contacted directly.  If you require accommodation during the recruitment and selection process, please let us know. We will work with you to provide as seamless a recruitment experience as possible.


Job Segment: Bank, Banking, Distribution, Financial, Finance, Operations, Retail

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