Senior Manager, Balance Sheet Analysis

Scotiabank; Toronto; On-site; CAD 70,000 - 110,000; Full time

Job summary

An established industry player is seeking a financial expert to join their dynamic team. This role involves leading financial analysis and developing models to enhance profitability within the Canadian Banking sector. You will collaborate with various stakeholders, ensuring compliance and operational efficiency while championing a customer-focused culture. This forward-thinking company offers a collaborative work environment that values creativity and inclusivity, providing ample opportunities for career growth and development. If you are passionate about finance and eager to make an impact, this position is an exciting opportunity for you.

Benefits

Performance Bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Career Development Opportunities

Qualifications

• Strong technical skills with financial modeling and analysis.
• Relevant experience in financial institutions is preferred.

Responsibilities

• Lead financial analysis to enhance balance sheet management.
• Support stakeholder management and operational activities.

Skills

Financial Analysis

Modeling Skills

Risk Management

Margin Analysis

Stakeholder Relationship Management

Education

MBA

CFA

MFin

CPA

Job description

Requisition ID: 221940

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, ensuring specific individual goals, plans, initiatives are executed / delivered 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. Operate as the lead and subject matter expert on Balance Sheet, including performing in-depth financial analysis to support strategic balance sheet management and initiatives to improve the Canadian Bank’s profitability.
2. Assist in operational and production activities, including support, review and assessment of the reasonability of assumptions/commentary including Balance Sheet & profitability analysis, forecasting, Enterprise Wide Stress Testing (EWST).
3. Assist in developing financial projections & models to forecast the profitability of the Canadian Bank from a top-down perspective, which will include interpreting financial data across business lines / product areas and incorporating the most recent economic information, in order to provide timely guidance towards achieving the Canadian Bank’s longer-term financial performance targets.
4. Develop strong fundamental knowledge about various FTP components / methodologies, implement, operationalize and assess continued suitability as well as communicate methodology changes and the resulting impact.
5. Support stakeholder relationship management with key business partners, including business lines, product groups, Global Risk Management, Treasury, Capital Management and EO Finance.
6. Work closely with other teams in Canadian Banking Finance, in order to provide additional resourcing and support for special projects or during periods of peak demand.
7. Maintain an effective system of internal controls over the planning, forecasting and reporting processes for interest profit and ensure that any EUC requirements and SOX controls are addressed.
8. Leverage digital solutions to seek ways to enhance the balance sheet and interest profit planning and forecasting processes by streamlining operational and analytical processes, reducing operational risk, improving the effectiveness, and resolving issues related to data consistency among various systems and processes.
9. Champion a high performance environment and contribute to an inclusive work environment.
10. Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
11. Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
12. Actively pursues 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.

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

• MBA, CFA, MFin or CPA preferred.
• Strong technical skills including strong modelling skills.
• Relevant experience at a financial institution, preferably with knowledge in margin analysis, funds transfer pricing and risk management; additional knowledge or experience with Canadian Banking Retail and Commercial banking products considered an asset in this role.

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.

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. 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.