Scotiabank

Director, Canadian Banking Reconciliations

Scotiabank • $120K — $150K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
2 days ago
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Job Overview by Ladders

Qualifications

  • Undergraduate degree in Business, Finance, Accounting, Commerce, or Operations Management; CPA is an asset.
  • Progressive leadership experience in banking, reconciliations, or finance operations.
  • Strong knowledge of reconciliation processes, exception management, and general ledger controls.
  • Experience managing large operational teams in complex environments.
  • Understanding of operational risk management and governance practices in banking.
  • Proven track record in overseeing process improvement initiatives and operational transformations.
  • Familiarity with Canadian banking products and operational workflows.

Responsibilities

  • Lead and manage the Reconciliations Operations team for service excellence and efficiency.
  • Foster a high-performance and inclusive team culture across a geographically diverse workforce.
  • Oversee governance and control processes related to the Bank's general ledger accounts.
  • Ensure timely resolution of operational issues while minimizing impact on clients.
  • Drive initiatives for continuous improvement and operational scalability.
  • Collaborate with stakeholders across various departments to meet business and regulatory needs.
  • Champion employee engagement, talent development, and succession planning.

Benefits

  • Career path with diverse professional development opportunities.
  • Commitment to community impact for employees and customers.
  • Competitive rewards including flexible vacation and comprehensive benefits starting on day one.
  • Focus on Diversity, Equity, Inclusion & Allyship to empower all employees.
  • Accessibility and workplace accommodations to maintain an inclusive environment.
Full Job Description
Requisition ID: 268017

The Role

As Director, Canadian Banking Reconciliations, you will provide strategic leadership for a large-scale reconciliation operations function supporting key Canadian Banking products and services. You will lead a high-performing team responsible for reconciliation governance, exception management, settlements, garnishments, operational excellence, and continuous improvement initiatives.

This role requires a strong leader who can drive operational performance, manage risk, enhance controls, and deliver transformation initiatives while partnering with stakeholders across the Bank.

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

  • Lead the strategic and day-to-day management of the Reconciliations Operations team, ensuring service excellence, operational efficiency, and strong risk management.
  • Provide leadership to a large, geographically diverse team, fostering a high-performance, client-focused, and inclusive culture.
  • Oversee reconciliation governance, exception management, and control processes related to the Bank's general ledger accounts.
  • Ensure timely resolution of operational issues while minimizing client and business impact.
  • Drive continuous improvement and transformation initiatives to enhance scalability, efficiency, and service delivery.
  • Partner with stakeholders across Operations, Branches, Finance, Risk, Technology, and Business Lines to support business objectives and regulatory requirements.
  • Ensure compliance with internal policies, regulatory requirements, and operational risk standards.
  • Manage operational performance, productivity, service levels, and expense budgets.
  • Provide leadership and guidance through organizational change, process enhancements, and strategic initiatives.
  • Champion employee engagement, talent development, succession planning, and leadership capability building.
  • Promote a strong risk culture and ensure effective controls are embedded in daily operations.


Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:
  • Undergraduate degree in Business, Finance, Accounting, Commerce, Operations Management or a related discipline. CPA designation is considered an asset.
  • Progressive leadership experience within banking operations, reconciliations, accounting operations, finance operations, or a related financial services environment.
  • Knowledge of reconciliation processes, exception management, general ledger controls, and accounting operational practices.
  • Experience leading large-scale operational teams within a high-volume, complex environment.
  • Understanding of operational risk management, internal controls, regulatory requirements, and governance practices.
  • Experience overseeing operational change initiatives, process improvement programs, and transformation projects.
  • Knowledge of Canadian banking products, processes, and operational workflows across retail, commercial, and lending businesses.
  • Experience managing operational budgets, productivity metrics, service levels, and performance reporting.
  • Knowledge of reconciliation platforms, workflow applications, and operational systems used within banking and financial services environments.
  • Experience supporting geographically distributed teams and large-scale operations functions.


Optional / Nice-to-Have
  • CPA, CFA, PMP or Lean Six Sigma certification.
  • Experience with enterprise reconciliation platforms such as BlackLine or similar solutions.
  • Experience leading offshore or multi-location operations teams.
  • Previous experience in Canadian retail banking operations.


What's in it for you?
  • A rewarding career path with diverse opportunities for professional development
  • An organization committed to making a difference in our communities - for you and our customers.
  • A competitive rewards program including bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
  • Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
  • Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.


Location(s): Canada : Ontario : Toronto

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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