Purpose of Job:
Contributes to the overall success of Day to Day Banking in Canada by ensuring specific individual goals, plans and initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities are conducted in compliance with governing regulations, internal policies and procedures.
The Director, Day to Day Products is responsible for the development and refinement of all Day to Day Banking products, including bank accounts and their associated loyalty programs, as well as the sundry products attached to the Day to Day Banking business.
The incumbent will deliver a product set and supporting policies and processes that maximize the financial performance of the business line while driving innovation, value and an excellent customer experience.
The Director, Day to Day Products is in close collaboration with the Business Analytics and Acquisition & Engagement teams in order to strategically design products that align to the target customer segments within both the existing Scotiabank customer base and Canadian consumer base.
The incumbent is responsible for engaging and partnering with numerous third parties and suppliers involved in this business.
Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Drives and optimizes product-line P&L:
Drives overall product strategy and development:
Builds and leverages partnerships across the Bank to deliver against business objectives and provide excellent customer service:
Direct day-to-day activities in a manner consistent with the Bank's risk culture and the relevant risk appetite statement and limits. Communicates the Bank's risk culture and risk appetite statement throughout their teams.
Creates an environment in which his/her team pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day 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 the Guidelines for Business Conduct.
Builds a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.