Senior Manager Finance, Retail Distribution & Small Business

Requisition ID: 183597

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

Hiring Details:

• Department: Canadian Banking Finance
• Reports to: Director, Retail Distribution and Small Business, Canadian Banking Finance
• Shared Reports: Sr. Analyst (solid line)

Job Purpose:

Contributes to the overall success of the Canadian Banking Finance team ensuring specific 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, Finance supports the Retail Distribution & Small Business teams through planning, forecasting, analytics and reporting. The individual is also responsible for senior management decision making by building and maintaining detailed knowledge of profitability drivers.

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

• 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, 5-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.

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

• 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

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.

#scotiafinancejobs

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. 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.