Director, Attributed Capital Reporting & Analysis

 
 
Requisition ID: #
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Hiring Details:
-Primary Manager: VP, Capital Management
-Direct Reports: Sr. Manager, Attributed Capital Planning & Forecasting & Manager, Attributed Capital Planning & Forecasting
 
Job Purpose:
The Director is responsible for directing the team responsible for attributing regulatory capital to the Business Lines for performance measurement purposes in support of the Bank’s planning, forecasting and quarter end reporting processes. The team works closely with the Business Lines to ensure plans/forecasts are up to date and questions/concerns are responded to in a timely manner. In addition, this team also produces Pillar 2 quarterly internal capital adequacy assessments, including stress testing programs, for submission to OSFI.
Is this role right for you? In this role, you will:
-Lead the quarterly aggregation and business line attribution of regulatory capital at a granular level for return on attributed equity calculations purposes. In addition, lead the annual planning and quarterly forecasting processes supporting the attribution of regulatory capital.
-The incumbent must maintain an in-depth level of knowledge of each business lines’ capital usage, future plans, forecasts and strategic acquisitions, as well as provide explanations and respond to business line inquiries in a reasonable timeframe.
-Build appropriate MIS that will enable summarized and detailed reporting of business line assets, risk weighted assets and capital deductions against the Plan, the Forecast and/or prior quarters, to ensure timely delivery of accurate and detailed (if required) information to the business lines and the Executive regularly and as required.
-To play a senior role, providing analysis for the Bank's capital management decisions, including business line targets, product and country level decisions. Develop metrics and indicators that can be utilized to measure the effectiveness of capital utilization and costs of capital.
-Lead the quarterly aggregation of Internal Capital Adequacy requirements including the Bank’s quarterly Internal Capital Adequacy Assessment (ICAAP) reporting to the Board (ERM report) and the submission to OSFI.
-Maintain processes to aggregate the internal capital requirements across the Bank’s portfolios, many of which are calculated by models operated and maintained within GRM.
-Ensure proper governance of the Bank’s ICAAP function including coordination of the Bank’s Capital Oversight and Steering Committee (COSC).
-Participate in the Bank-wide stress testing program and crisis management planning, by performing annual assessments of the impact of stress scenarios on the Bank’s internal capital.
-Work with the Capital Policy & Planning/Forecasting team to determine the Bank’s internal capital requirements as reported to the Board via the internal capital adequacy assessment report (ICAAR). 
-Understand and provide guidance on the uses of regulatory capital throughout the Bank, ensuring consistency and appropriateness of application.  Collaborate with other business line Finance areas to ensure profitability models are consistent with our capital attribution to align business lines’ and all-Bank objectives.
-The incumbent is one of Capital Management’s key point of contact for its relationships with the business lines, Strategic Review, GRM and OSFI. Responsible for responding to numerous adhoc queries regarding Business Line regulatory capital in a timely manner. Adhoc analyses of BNS and competitors’ attribution results.
-Promote strategic relationships and build key business contacts with departments across the Bank to facilitate appropriate capital modelling and forecasting. Gain involvement of key stakeholders to ensure that business goals are met with respect to the Bank's Capital strategy. Serve as a check point to decisions made in other departments that may impact capital.
-Provide strong leadership to motivate both individual and team performance and to provide support to the development needs of staff with the objective of making the staff promotable into more senior roles, ensuring the Bank retains resources in the capital centre of excellence well into the future.
 
Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:
-At least 10 years of Finance experience at senior levels
-Finance or Math degrees, preferable
-A thorough understanding of major business processes/products and risk types within a financial institution and their related capital measures
-A thorough understanding of Basel III capital requirements
-Strong leadership skills to lead a team with diverse skills and background.
-Effective time management skills.
-Effective oral and written communication skills
-Solid business acumen, and strong analytical and problem solving skills
 
What’s in it for you?
type="disc"-
-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.
 
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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 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.