Manager,Product Performance And Expense Management

Requisition ID: 188787
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Hiring Details:

• Primary Manager: Director, International Wealth Management

Job Purpose:

The Manager of Product Performance and Expense Management of International Wealth Management Finance, will work closely with several finance teams across the Bank's international footprint, providing support in the planning/forecasting and reporting processes, as well as providing guidance and leadership. Contributes to the overall success of International Wealth Finance in Canada ensuring specific individual goals, plans, initiatives are executed in support of the team's business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

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

1) Manage IWM Finance data and report strategy:

• Manage the Management Information Systems for the IWM group ensuring the completeness, accuracy, timeliness and integrity of the financial results. Develop and implement all reports, strategies and process improvements for all reporting packages and ad hoc requests.

• Enhance and implement product performance reports helping the management team take actionable business decisions
• Improve country and business lines reports to increase reporting accuracy and timing of information reported

2) Drives the Quarterly Forecasts and Annual Plan for International Wealth Management Head Office and Country Expenses:

• Coordinating the high level and detail Forecast and Business Planning processes
• Assess the reasonability of Product growth assumptions and Expense drivers by comparing them with economic forecasts and available product assumptions
• Coordinating the projections with the Country and Business Line heads and ensuring alignment among internal partners & targets
• Preparing executive summaries for Finance and Business Line executives

3) Manage IWM Product Profitability framework

• Manage and build product profitability models and integrate it to the overall IWM Finance reporting and planning processes

• Integrate economic and macro trends Enhance and implement product performance reports helping the management team take actionable business decisions
• Improve country and business lines reports to increase reporting accuracy and timing of information reported

4) Act as Business Partner to support the Bank/ business strategy

• Support the implementation of strategies such as the Global Wealth Customer Primacy strategy
• Support the Integration of divestitures and newly acquired entities in existing reporting, forecasting and plan processes
• Identify and capture material opportunities based on performance analysis of the business lines.
• Drive quarterly segment/ product discussion with countries
• Continue to act as trusted business partner.

5) Manages ad-hoc Business analysis to support business strategies

• Examples include Enterprise-Wide Stress Testing (EWST), Business Line Management initiatives, Profitability Models, Business Development initiatives, operational efficiencies and any other finance-related inquiries as formulated by Senior Management and Sales Management Groups.

6) Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

7) Other

• Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursues effective and efficient operations of his/her/they 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.

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

• CFA or MBA and/or Accounting Designation preferred
• 8 year's work experience in financial industry, experience in Research, Strategy, Investment Banking and or Wealth Business lines
• Excellent written & verbal communication skills, especially with senior level management
• Material knowledge of the Wealth Management and Financial Institutions industry and their products/businesses
• High proficiency in Excel, PowerPoint and other MS Office products
• Built complex dynamic financial models to analyze investment opportunities and project future earnings
• Experience with Oracle Essbase, Hyperion Planning & Forecasting and PeopleSoft
• Fluency in Spanish an asset

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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 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.