Manager, Retail Deposit Finance

Scotiabank; Toronto; On-site; CAD 90,000 - 130,000; Full time

Job summary

Scotiabank is seeking a Manager for the Advisory Deposit Service team. This role involves overseeing financial planning and analytics for deposit portfolios, ensuring compliance with regulations, and fostering relationships with key stakeholders. Candidates should have a strong financial background, with a focus on continuous improvement and operational effectiveness.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Career development opportunities

Qualifications

• Post-secondary degree in relevant field.
• MBA, CFA, or CPA preferred.
• Advanced Excel and PowerPoint skills necessary.

Responsibilities

• Oversee the ADS Savings and Term Deposit portfolios.
• Lead business planning processes and develop financial reports.
• Consult with senior partners for strategic decision making.

Skills

Advanced skills with Microsoft Excel

Advanced skills with PowerPoint

Familiarity with deposits and investments

FP&A experience

Knowledge of Bank’s reporting systems

Education

Post-secondary degree in Finance, Accounting, Mathematics, Statistics, Economics

MBA, CFA, or CPA

Job description

Requisition ID: 228398

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

Contributes to the overall success of Canadian Banking Finance by supporting the Advisory Deposit Service (ADS) team within the Retail Deposits & Investment business deliver on their objectives and business strategies. Ensures all activities conducted are in compliance with governing regulations, internal policies, and procedures.The Manager oversees the ADS Savings and Term Deposit portfolios from a financial perspective, and is accountable for supporting the ADS business through financial planning, analytics, forecasting, and reporting in an effort to support Executive-level decision making in a fast-paced environment.

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

• Champions a customer focused culture to deepen client relationships and leverage broader Bank Relationships, systems, and knowledge
• Build and leverage sound relationships with key business partners and stakeholders to continuously manage / grow portfolio and improve profitability
• Lead the ADS Savings and Term Deposit business planning process (including annual profit planning, 5-year profit planning, stress testing and forecasting)
• Manage the development, enhancement and production of various reports and dashboards on a monthly, quarterly, and annual basis, including coordinating business performance commentary and variance analyses
• Consult regularly with senior business partners, ensuring they have the most recent / accurate information to make strategic business decisions on a daily basis in a fast-paced, dynamic environment
• Develop, review and analyze business cases that incorporate financial modeling with business-oriented presentation of the problem, impact, alternatives, business justification and other parameters for management decision-making
• Maintain focus on continuous improvement in profitability, competitiveness, and positioning through business analyses
• Develop and maintain a process for planning, approving, tracking, and reporting expenses related to both BAU operations and business cases
• Continuously improve operational effectiveness and efficiency, while ensuring the adherence to 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 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:

• Post-secondary degree in Finance, Accounting, Mathematics, Statistics, Economics or related field
• Advanced skills with Microsoft Excel and PowerPoint
• MBA, CFA, or CPA
• FP&A experience
• Familiarity with deposits and investments
• Familiarity with Funds Transfer Pricing
• Knowledge of the Bank’s source and reporting systems (e.g. OBI, Hyperion, SmartView)

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. 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.