Manager, Resl Finance - Canadian Banking Finance

Select how often (in days) to receive an alert:Title: Manager, RESL Finance - Canadian Banking Finance
Requisition ID: 277138Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.Please Note:
Overtime is required during peak periods (i.E. quarter-end and forecasting/planning cycles) as well as during ad-hoc requests.PurposeCanadian Banking Finance is a divisional finance function providing financial management and analytical support to Canadian Banking Executive Management, as well as to the Business Line Management in Retail Banking, Small Business, Automotive Lending, Commercial Banking and Tangerine. The Manager will be a member of the Real Estate Secured Lending (RESL) Finance Team reporting to the Director, Finance. The incumbent will be primarily responsible for planning, forecasting and analysis of RESL's balance sheet, revenue, Net Interest Margin (NIM) and expenses for the three-year strategic plan, stress test, annual profit plan, quarterly forecasts and pre-quarter updates. Focus will be to support the SMA, HFS and MOSE business units with expense and FTE management and forecasting which includes the annual Zero Based Budgeting (ZBB) exercise. The incumbent will also assist Senior Manager with in-depth financial analysis to support strategic projects, initiatives, and transactions within RESL and broader Canadian Banking as required.Is this role right for you? In this role you will:Support the delivery of forecasts and profit plans, including: Quarterly Forecasts, Pre-quarter Estimates, Weekly/Daily updates, Stress Testing, 3-Year Strategic Plan and Annual Profit plan, including heavy lifting with the ZBB exercise in support of the RESL Business Line
Ensure the timely collection of data and actuals reporting to support forecastingReview assumptions and complete analysis to ensure accuracy and completeness of deliverables and understand the impacts to relevant performance metrics of the businessCo-ordinate and communicate deliverables within the Business Line and FinanceCollaborate with the Business to prepare meaningful commentary on submitted forecasts and plansRespond to inquiries from business line partners, finance and other key stakeholders
Expense and FTE management for SMA, HFS and MOSE business units
Subject matter expert and relationship manager for the SMA, HFS and MOSE businessesKey focus on the forecasting as well as the tracking and reporting of expenses and staffing against budget/planAnalyze expense results and forecasts and explain the drivers behind the variances and impact to overall resultsPerform value-add deep-dives and ad-hoc analysis to provide insights into the expense drivers and results and participate in the resolution of issues resulting from analysis
Monthly & Quarterly Financial Reporting & Analysis
Support Senior Manager with the analysis of RESL’s portfolio/balance sheet, net interest income, NIM, PCL, expenses and key performance metricsIdentify main drivers of interest profit and expenses at the business unit and product levelsProvide meaningful and relevant analysis and commentary for monthly and quarter-end reporting (including the Blue Book) and other management reporting
Expert user of financial reporting, planning and forecasting systems and tools, including Hyperion and EGL/OBI/SmartviewStrategic Projects and Analysis – Support Senior Manager with other strategic financial analysis and projects including revenue opportunities, strategic transactions, new product/program offerings, amongst many other initiativesBusiness Partnership – Foster partnerships within the RESL Business Line and provide financial analysis support and insights as required across the businessInternal Process Control – Maintain an effective system of internal controls over the planning, forecasting and reporting processes and ensure that any SOX controls are addressedProcess Improvement – Leverage digital solutions to seek ways to enhance the profit planning and forecasting processes which can include, streamlining of operational processes, enhancement to analytical capabilities, reduction in operational risk, and resolving issues related to data inconsistency among the various systems and processesDocumentation – Create detailed job-aids, training materials, desktop procedures and documentation of the current reporting and forecasting processesDo 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, or CPA preferredMinimum 3 to 5 years of relevant experienceSolid understanding of financial and management reporting principlesStrong problem solving, quantitative and analytical skills;
attention to details;
ability to analyze business results and identify issues and trendsStrong data management and modelling skills;
ability to build financial models and dashboardsExcellent communication skills;
ability to communicate findings/analysis and present ideas in a clear and concise mannerAbility to multi-task, work independently and deliver high-quality results under very tight deadlines;
continuously assess priorities and business requirements, and balance between regular deliverables and priority executive requestsSuperior understanding of elements of effective control over integrity and completeness of financial reportingDemonstrated leadership skills and stewardship capabilities in a complex and changing environmentAdvanced user proficiency with computer applications, Microsoft Excel, Word, PowerPoint, Access, OBI, Hyperion, and any other analytical toolUnderstanding of banking financial statements, cost drivers within Canadian Banking, including knowledge of Retail lending and/or mortgage products essentialUnderstanding of portfolio management and drivers of Net Interest Income (NII) and Net Interest Margin (NIM), including Product Pricing/Yields, Funds Transfer Pricing methodologies and balance sheet mix and capital management concepts considered an assetKnowledge of the Bank’s source and reporting systems an assetWhat’s in it for you?The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.A rewarding career path with diverse opportunities for professional development.Internal development to support your growth and enhance your skills.An organization committed to making a difference in our communities - for you and our customers.We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!Location(s): Canada : Ontario : TorontoScotiabank 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. 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.
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