Title:  Vice President, Planning & Forecasting, Canadian Banking Finance

Requisition ID: 242141

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

Purpose 

Provides financial direction and analysis to the Canadian Banking business line.  Ensures the integrity of financial reporting through implementation of adequate controls, performance measurement and monitoring including annual profit planning, monthly and quarterly reporting & forecasting.

Accountabilities

• Leads and drives a customer-focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

• Lead financial Planning and forecasting of Canadian Banking including monthly and quarterly reporting.

• Act as a strategic Partner to the Business Line(s) to provide analysis, support and counsel to business line management related to financial management of division. Leverage strong understanding of product portfolio and business model to provide value-add advice and recommendations. Conduct financial reviews / investigations of strategic business initiatives including new acquisitions / products / markets with a view to profitability and accounting issues.

• Sustain strategic relationships and develop alliances with key contacts, business partners (EO groups and CFOs) and stakeholders (Business line heads, Executive Management) to deliver on mandate and provide value-added analysis and insight. Build and reinforce effective working relationships and collaboration within and across the Finance Community and the Bank. 

• Directs 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.

• Directs day-to-day activities in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits. Communicates the Bank’s risk culture and risk appetite statement throughout their teams.

• 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.

Education / Experience / Other Information

• MBA and/or Accounting Designation preferred.
• 10 years directly related experience in a financial area.
• Thorough knowledge of Canadian Banking’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 funds transfer pricing, product profitability, ROE measurement techniques. MIS must be developed and applied consistently to all business lines within Canadian Banking. 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 Canadian Banking including senior leadership up to the CEO 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 up to the CEO level.
• Demonstrated leadership skills and relationship management expertise.

Working Conditions

• Work in a standard office-based environment; non-standard hours are a common occurrence.
• Limited travel globally.

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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