Manager, Pricing - Retail Deposits

Scotiabank; Toronto; On-site; CAD 85,000 - 100,000; Full time

Job summary

A leading financial institution is seeking a Manager for Pricing in Retail Deposits. This position requires managing exception pricing, collaborating with teams, and understanding GIC products. An ideal candidate possesses a relevant degree, strong communication skills, and an analytical mindset. The job is based in downtown Toronto, ON, with potential non-standard hours. A competitive compensation package is provided along with opportunities for professional growth and development.

Benefits

Competitive compensation package

Career development opportunities

Collaborative work environment

Qualifications

• Related post-secondary education or MBA preferred.
• Solid knowledge of GIC products and services.
• Experience in Pricing is considered an asset.

Responsibilities

• Manage the Deposits Exception Pricing Desk.
• Provide insights to the Pricing committee on competitor offers.
• Assist with pricing changes across Retail products.

Skills

Communication skills

Analytical skills

Interpersonal skills

Market research skills

Proficiency in Microsoft Excel

Education

Post-secondary education or MBA

Job description

About the Role

The Manager, Pricing, Retail Deposits contributes to the overall success of Retail Deposits in Canada, ensuring specific individual goals, plans, and initiatives are executed in support of the team’s business strategies and objectives. The role also ensures all activities are compliant with governing regulations, internal policies and procedures.

Responsibilities

• Manage the Deposits Exception Pricing Desk and the SmartBot 2.0 tool, supporting across Canadian Retail Banking and Advisor Deposit Services channels.
• Promote a culture of partnership by working with the frontline in providing prompt and professional advice.
• Monitor, track and provide key insights to the Pricing committee on exception trends and competitor offers.
• Assist in managing the GIC Exception Inbox to review the exception cases for redeeming non‑redeemable GICs and GIC Backdating.
• Assist the pricing optimization and execution of approved pricing changes across the Retail products and Advisor Deposit Services in a timely manner to provide positive customer experiences, prevent adverse impact to our P&L, and ensure no regulatory breaches.
• Recommend opportunities to improve our exception policy and increase operational efficiency by enhancing processes and tools.
• Understand how the Bank’s risk appetite and risk culture should be considered in day‑to‑day activities and decisions.
• Actively pursue 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.
• Champion a high‑performance environment and contribute to an inclusive work environment.
• Ad‑hoc activities as they arise.

Qualifications

• Related post‑secondary education / MBA or other advanced degree preferred.
• Solid knowledge of GIC products and services, including competitive products.
• Experience in Pricing is considered an asset.
• Excellent communication, interpersonal and networking skills.
• Good analytical and market research skills.
• Intermediate proficiency in the use of Microsoft Excel.

Benefits

• The opportunity to join a forward‑thinking organization where you are surrounded by a collaborative team of innovative thinkers.
• A competitive compensation and benefits package.
• An organization committed to making a difference in our communities— for you and our clients.
• You can expect to be recognized and rewarded for high performance. You’ll be supported by leadership through meaningful development conversations that enable faster advancement and internal training to support your growth and development.
• You’ll receive clear, transparent criteria to progress in your career.

Working Conditions

• This role is located in our downtown Toronto, ON office location. Non‑standard hours may be required to meet business objectives including Saturdays and evenings.

Location

Canada: Ontario: Toronto

Recruitment & Accessibility

Scotiabank is a leading bank in the Americas, guided by our purpose: "for every future". We help our customers, their families and our communities achieve success through a broad range of advice, products and services. At Scotiabank, we value the unique skills and experiences each individual brings and are committed to creating 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 online directly 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.