Scotiabank

Manager, Balance Sheet Analysis & Special Projects - Canadian Banking Finance

Scotiabank$90K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • University degree in Finance, Accounting, or a related discipline
  • MBA, CFA, MFin or CPA or progress towards a designation preferred
  • 2 to 4 years of relevant experience at a financial institution
  • Strong analytical skills for interpreting financial data and trends
  • Experience with financial systems (e.g. Hyperion, Anaplan, OBI)
  • Proficiency in data visualization and advanced skills in Microsoft Office and analytical tools

Responsibilities

  • Support month-end reporting activities and forecasting for net interest income
  • Provide weekly updates on Canadian Banking balance sheet trends and market data
  • Assist in the roll-out of Anaplan, including user acceptance testing and data reconciliation
  • Conduct operational activities and assess assumptions related to forecasting and profitability analysis
  • Develop financial projections to forecast the profitability of Canadian Bank
  • Manage stakeholder relationships and provide forecast inputs to business partners
  • Maintain internal controls for planning, forecasting and reporting processes
  • Leverage digital solutions to enhance forecasting and planning processes
  • Conduct competitive analysis on the Canadian banking industry and provide recommendations
  • Support special projects during peak demand periods
  • Champion a customer-focused culture to deepen client relationships
  • Ensure adherence to risk appetite and compliance obligations

Benefits

  • Opportunity to join a forward-thinking and collaborative team
  • Diverse opportunities for professional development
  • Internal development to enhance skills
  • Competitive compensation and benefits package
  • Commitment to making a difference in communities
  • Inclusive working environment that fosters creativity and celebrates success
Full Job Description
Requisition ID: 265637

Purpose

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:

  • Support month-end reporting activities, forecasting and planning for net interest income and balance sheet; work closely with other teams in Canadian Banking Finance to provide variance analysis and identify drivers of performance; maintain and improve forecast models, and prepare monthly, quarterly and yearly management reports to facilitate executive decision-making
  • Provide weekly updates to leadership and business partners on the Canadian Banking balance sheet portfolio trends, market rates and economic data
  • Play a key role in the roll-out of Anaplan, including performing UAT, ensuring data reconciliation in multiple sources, and developing forecast models and reports in the platform
  • 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)
  • 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
  • Support stakeholder relationship management and provide key forecast inputs to business partners, including business lines, product groups, Global Risk Management, Treasury, Capital Management and EO Finance
  • 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
  • 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 effectiveness, and resolving issues related to data consistency among various systems and processes
  • Support competitive analysis on the Canadian banking industry and conduct review and analysis of earnings releases to help provide recommendations that will enhance the Canadian Bank's financial results
  • Provide additional resourcing and ad-hoc modeling and support for special projects during periods of peak demand
  • Champion a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions
  • Actively pursue 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:
  • University degree in Finance, Accounting, or a related discipline
  • MBA, CFA, MFin or CPA or progress towards a designation preferred
  • Minimum 2 to 4 years of relevant experience at a financial institution
  • Strong analytical skills with the ability to interpret financial data and trends
  • Experience with financial systems (e.g. Hyperion, Anaplan, OBI)
  • Proficiency in data visualization and creating impactful financial dashboards; advanced skills in Microsoft Excel, Word, PowerPoint, Access, and any other analytical tools are preferred (e.g. Power BI, Python, Alteryx)
  • Knowledge of Canadian Banking products is considered an asset


What'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.
  • A competitive compensation and benefits package.
  • 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 : 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
5 Year Trend
+7%
NASDAQ

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