Senior Business Analyst, Global Investment Management Office

Scotiabank; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading financial institution in Toronto is seeking a Senior Business Analyst for its Global Investment Management Office. The successful candidate will manage compensation plans and collaborate with leadership to improve operational processes. A strong background in investment management and excellent communication skills are essential for this role, as is attention to detail. This position offers an opportunity to work with a sizable team of investment professionals in a fast-paced environment.

Qualifications

• Minimum 4–6 years of experience with investment management teams.
• Knowledge of investment management compensation processes is an asset.
• Strong organizational skills; ability to work with matrix teams across the Bank.

Responsibilities

• Administer and review incentive-based compensation plans for investment management professionals.
• Prepare internal management reports and manage expense review processes.
• Create presentations/materials for diverse audiences.

Skills

Project management

Analytical skills

Attention to detail

Verbal communication

Written communication

Education

Undergraduate degree in business or related field

Working toward a graduate degree or designation (CPA, MBA)

Job description

Overview

Title: Senior Business Analyst, Global Investment Management Office

Requisition ID: 238369

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

As the Senior Business Analyst, Investment Management Office, you will act as a key contributor to the Scotia Investment Management business reporting to both the Director, Investment Management Development and the Director, Investment Management Office. You will ensure the effective and timely delivery of initiatives in support of the 1832 Asset Management business and other Scotia Investment Fund Manufacturers (IFMs) globally.

In this role, you will have significant input into the Investment Management compensation plans, acting as a key resource in ensuring that the PM compensation process is well supported and will participate in the overall process from start to finish on an annual basis. You will also be responsible for executing on business matters, internal analysis and reporting, internal administration and associated processes in support of the investment management team.

Responsibilities

1. Participate in the on-going administration of incentive-based compensation plans for the team of investment professionals within 1832 Asset Management (1832 AM):
   • Participate in the annual review and administration of the incentive-based compensation plans, including plan formulation, design, implementation, calculation and payment of annual incentives
   • Collaborate with key internal partners on compensation plan design and implementation
   • Work with the GAM Finance team to ensure timely administration of issues related to the Investment Counsel team compensation, including the administration and delivery of Annual Fund Management Worksheets (AFMWs)
2. Ensure effective and accurate internal operations of 1832:
   • Prepare regular and as-required internal management reports
   • Participate in the expense review process and ensure timely payment of outstanding invoices; support the Soft Dollar program for the Investment Management business
   • Assist in deploying business tools for storage and reporting of internal metrics and indicators used by 1832 AM
   • Ensure data accuracy within 1832 tools and systems; conduct regular reviews and testing for compliance
3. Work with leadership to execute the business strategy of 1832 Asset Management and other IFMs:
   • Design and improve operational and internal processes to support growth and efficiency
   • Participate in the budget/business planning process for 1832 AM
4. Participate in the on-going administration of incentive-based compensation plans for the team of investment professionals within 1832 Asset Management (1832 AM):
   • Refer to item 1 for details on compensation plan administration and collaboration
5. Ensure effective and accurate internal operations of 1832:
   • Prepare internal management reports and manage expense review processes
   • Support the Soft Dollar program and data management needs
6. Work with leadership to execute the business strategy and budget for 1832 AM:
   • Participate in design/improvement of processes; support growth and cost-effective tooling
7. Participate in the communication strategy for the Investment Management business:
   • Create presentations/materials for diverse audiences
   • Support talent management strategies with data analysis and insights
   • Identify high-potential talent and contribute to development initiatives
   • Assist in development plans, career pathing, and capability assessments
   • Coordinate learning and development programs; contribute to succession planning
   • Leverage data-driven insights to forecast talent gaps and address future needs
   • Promote continuous learning and internal mobility; integrate DEI principles and support gender diversity initiatives

Qualifications

Do you have the skills that will enable you to succeed in this role?

• Undergraduate degree in business or related field
• Working toward a graduate degree or designation (CPA, MBA) is an asset
• Minimum 4–6 years of experience with investment management teams
• Knowledge of investment management compensation processes is an asset
• Results-focused with project management and technical skills
• Excellent verbal and written communication skills
• Exceptional attention to detail
• Familiarity with the business planning process
• Strong organizational skills; ability to work with matrix teams across the Bank

Dimensions

• Annual spend on investment professional compensation is in excess of $40 million; 100% accuracy in administration is expected
• Assets Under Management for 1832 AM is over $200bn, with ~160 investment management professionals
• Support to leadership and participation in project/program cycles within deadlines and budget

Additional Details

This position requires a high degree of analytical and communication skills. The incumbent must handle a significant workload with competing priorities and tight timelines. The working environment can be stressful due to inflexible deadlines and changing priorities. The role involves working with ~160 investment management professionals with varying mandates.

Location: Canada, Ontario, Toronto

Scotiabank is committed to an inclusive and accessible environment. If you require accommodation during the recruitment process, please inform the Recruitment team. Candidates must apply online. Only those selected for an interview will be contacted.