Director, Finance – Retail Banking in Toronto, Ontario


Director, Finance – Retail Banking

Requisition ID: 193052

Be part of a function pushed profitable workforce, dedicated to outcomes, in an inclusive and high-performing tradition.

Offers enter into the strategic path, management and oversight for all finance issues for Canadian Banking Retail Deposits and Day-to-Day Banking making certain enterprise methods, plans and initiatives are supported in compliance with governing rules, inner insurance policies and procedures. Answerable for defining, managing, directing, delivering, planning and forecasting the general monetary processes, controls and reporting of knowledge for the Canadian Banking’s Retail Deposits and Day-to-Day enterprise. As a key accomplice to the Retail Deposits & Day-to-Day administration workforce the Director, Retail Deposits Finance is concerned in setting the strategic path and targets and performs a crucial position within the improvement and implementation of artistic short-term and long-term methods to advertise progress and profitability. The Director, Retail Deposits Finance is accountable for managing the priorities for the Finance division in addition to working intently with Director/VP degree people throughout the enterprise line and different departments of the Financial institution on excessive profile tasks.

Is that this position best for you? On this position, you’ll:

  • Leads and drives a buyer targeted tradition all through their workforce to deepen consumer relationships and leverage broader Financial institution relationships, techniques and data.

  • Maintain strategic relationships and develop alliances with key contacts, enterprise companions (EO teams and CFOs) and stakeholders (BLs, Govt Administration) to ship on mandate and supply valueadded evaluation and perception. Construct and reinforce efficient working relationships and collaboration inside and throughout the Finance Neighborhood and the CB Retail Financial institution.

  • As a strategic Accomplice to the Enterprise Line, present evaluation, help and counsel to enterprise line administration associated to monetary administration of the world.

  • Leverage robust understanding of product portfolio and enterprise mannequin to offer value-add recommendation and suggestions.

  • Conduct monetary opinions / investigations of strategic enterprise initiatives together with new acquisitions / merchandise / markets with a view to profitability and accounting points.

  • Directs monetary opinions or initiatives to help strategic priorities and/or enhance administration processes and standardize methodologies.

  • Implement and keep continually evolving efficiency measurement practices, and reporting.

  • Leads the planning, forecasting and reporting for all Retail Deposits and Day-to-Day progress and monetary metrics throughout channels by:

  • Work with the Enterprise Line to construct annual plans and quarterly/multi-year forecasts for all the portfolio, together with all steadiness sheet and P&L gadgets (together with Enterprise Case Pool tasks)

  • Lead the event of portfolio stress-testing eventualities

  • Working with Finance companions, present stewardship on behalf of the enterprise line and provoke enhancements the place required to Funds Switch Pricing methodologies for portfolio of merchandise

  • Main communication of channel progress plans to distribution channel leaders

  • Lead the manufacturing of varied month-to-month and quarterly efficiency dashboards and scorecards together with value-added efficiency commentary and variance evaluation.

  • Develops monetary evaluation to help new enterprise instances:

  • Present recommendation and counsel to BL and take the lead the place essential in constructing strong monetary fashions, together with sensitivity evaluation to help good enterprise resolution making.

  • Coordinate the evaluation and approval of enterprise instances by CB PMO and EO PMO as required.

  • Create, coordinate, analyze and confirm common enterprise line analytics and reporting to help strategic targets and campaigns.

  • Lead design and ongoing enchancment of enterprise line reporting to make sure content material, depth and accuracy meet key stakeholder wants.

  • Make sure the integrity and accuracy of knowledge sources and improve the depth and breadth of knowledge obtainable to help reporting and analytics necessities.

  • Analyze report output and make strategic suggestions to the BL about alternatives to drive income, scale back prices or each.

  • Directs day-to-day actions in a way in keeping with the Financial institution’s danger tradition and the related danger urge for food assertion and limits. Communicates the Financial institution’s danger tradition and danger urge for food assertion all through their groups.

  • Creates an atmosphere through which his/her workforce pursues efficient and environment friendly operations of his/her respective areas, whereas making certain the adequacy, adherence to and effectiveness of day-to-day enterprise controls to fulfill obligations with respect to operational danger, regulatory compliance danger, AML/ATF danger and conduct danger, together with however not restricted to obligations underneath the Operational Danger Administration Framework, Regulatory Compliance Danger Administration Framework, AML/ATF International Handbook and the Tips for Enterprise Conduct.

  • Builds a excessive efficiency atmosphere and implements a folks technique that pulls, retains, develops and motivates their workforce by fostering an inclusive work atmosphere; speaking vison/values/enterprise technique and managing succession and improvement planning for the workforce.

Do you’ve gotten the talents that can allow you to achieve this position? – We would like to work with you you probably have:

  • MBA and/or Accounting Designation most well-liked • Minimal of 10 years immediately associated expertise in a monetary space

  • Thorough data of Canadian Banking’s merchandise/companies, enterprise strains, monetary reviews, compliance, efficiency measurement, planning and evaluation, service requirements, authorized and regulatory necessities.

  • Will need to have complete data of administration/accounting strategies and practices together with funds switch pricing, product profitability, ROEE measurement strategies.

  • MIS have to be developed and utilized constantly to all enterprise strains inside Canadian Banking.

  • Should be capable to assess advanced enterprise instances together with giant acquisition/divestiture proposals.

  • Sturdy strategic and analytical abilities required to develop the imaginative and prescient, objectives, methods, and plans for the Finance Division aligning with the general Financial institution technique.

  • Thorough data of all points of finance and the power to repeatedly and critically analyze the present state for brand spanking new ideas, insights and alternatives for enchancment.

  • Sturdy initiative, ahead pondering and inventive drawback fixing abilities with the power to create or stimulate built-in cross-disciplinary strategic options.

  • Expert in gaining the organizational dedication and alignment of varied stakeholders in Canadian Banking by way of the usage of robust interpersonal abilities and win-win outcomes.

  • Efficient negotiation and influencing abilities that may be utilized throughout all purposeful ranges and areas throughout the group

  • Demonstrated management abilities and relationship administration experience

What’s in it for you?

  • An inclusive & collaborative working atmosphere that encourages creativity, curiosity, and celebrates success!

  • We provide a aggressive rewards package deal: Efficiency bonus, Worker Share Possession Program, and Pension Plan Matching, Well being Advantages from day one!

  • Your profession issues! You should have entry to profession improvement and development alternatives.


Location(s): Canada : Ontario : Toronto

Scotiabank is a number one financial institution within the Americas. Guided by our function: “for each future”, we assist our clients, their households and their communities obtain success by way of a broad vary of recommendation, services, together with private and business banking, wealth administration and personal banking, company and funding banking, and capital markets.

At Scotiabank, we worth the distinctive abilities and experiences every particular person brings to the Financial institution, and are dedicated to creating and sustaining an inclusive and accessible atmosphere for everybody. If you happen to require lodging (together with, however not restricted to, an accessible interview website, alternate format paperwork, ASL Interpreter, or Assistive Expertise) through the recruitment and choice course of, please let our Recruitment workforce know. If you happen to require technical help, pleaseclick right here ( . Candidates should apply immediately on-line to be thought of for this position. We thank all candidates for his or her curiosity in a profession at Scotiabank; nonetheless, solely these candidates who’re chosen for an interview will likely be contacted.

To assist us monitor our recruitment effort, please point out in your cowl/motivation letter the place ( you noticed this job posting.

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