Scotiabank

Manager, Expense Management Canadian Banking - Finance

Scotiabank • $90K — $110K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Post-secondary degree in Finance or Accounting and 3-5 years of relevant experience
  • Professional accounting designation or MBA preferred
  • Advanced proficiency in Microsoft Excel, Word, Access, Hyperion, and other productivity tools
  • Solid understanding of financial and management reporting principles
  • Strong communication skills for effective team collaboration
  • Strong analytical, problem-solving, and organizational skills
  • Leadership skills in a complex and changing environment

Responsibilities

  • Support delivery of forecasts and profit plans for Canadian Banking
  • Ensure timely data collection from support groups
  • Complete analytic reviews for accuracy and performance understanding
  • Coordinate and communicate deliverables among support groups
  • Provide comprehensive commentary on expense forecasts and plans
  • Support the planning and forecasting process with tool updates
  • Respond to queries from senior management regarding plans and forecasts

Benefits

  • Opportunities to join a forward-thinking, innovative team
  • Diverse opportunities for professional development
  • Internal development support for skills enhancement
  • Commitment to making a difference in communities for customers
  • Inclusive, creative, and collaborative work environment
Full Job Description
Requisition ID: 274852

Purpose

Canadian 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, Automotive Lending, Small Business and Commercial Banking areas. The Manager will be a member of the Expense Management Team. Expense Planning is a critical function for the Canadian Banking division. The team has the responsibility for ensuring effective expense management and optimization of business investments with Canadian Banking's strategic priorities. The incumbent will be responsible for the preparation and analysis of Canadian Banking expenses, quarterly forecast and updates, annual profit plan, 5 Year Base Case Projections and the three-year strategic plan.

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

Support forecasting and planning processes as it relates to Canadian Banking business partners and support groups:
  • Support the delivery of forecasts and profit plans, including: Post quarterly forecasts, Pre quarter forecasts, 5 Year Base Case plan, Stress Testing, 3 Year Strategic Plan and Annual Profit plan as it relates to support groups and their associated allocation expenses
  • Ensure the timely collection of data from the support groups.
  • Complete analytic reviews to ensure accuracy and completeness of deliverables and understand relevant performance of the business
  • Co-ordinate and communicate deliverables among the support groups
  • Work with the support groups to provide comprehensive commentary on submitted expense forecasts and plans
  • Support the end to end planning and forecasting process, including template and consolidation model updates
  • Respond to queries from senior management and Canadian Banking on the business line plan and forecast submissions

Be a subject matter expert as it relates to CB expense, perform adhoc analysis as required, in support of Canadian Banking Distribution Channels and Product teams:
  • Analyze CB expense results and forecasts to understand variances and the impact to forecast and/or plan
  • Participate in the resolution of issues resulting from analysis
  • Create added value analysis to provide senior management business insights into expense results

Be a subject matter expert as it relates to Expense reporting, planning and forecasting tools, including Hyperion and EGL/OBI/Smartview:
  • On behalf of CB Finance ensure COFA changes are captured properly
      • Support Plan and forecast submissions in Hyperion Planning tool, ensuring accuracy through reconciliations
      • Support the development and testing of the planning and forecasting tools

Work under the direction of the Senior Manager and Director in efforts to enhance expense analysis, planning and forecasting processes:
  • Develop added value for CB Finance through the continous streamlining of forecasting processes to improve productivity

Provide coaching and training to colleagues and business partners on expense management processes.

Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:
  • Post-secondary degree in Finance or Accounting with a minimum of 3 to 5 years of relevant experience.
  • A professional accounting designation or MBA is preferred.
  • Advanced user proficiency with computer applications, Microsoft Excel, Word, Access, Hyperion, and any other productivity tools.
  • Solid understanding of financial and management reporting principles; ability to sustain a broad-based knowledge of the Bank's and Canadian Banking's strategy, operations and procedures.
  • Strong communication skills (listening, documentation and presentation skills); ability to work effectively in a team environment with peers and superiors acorss organization lines
  • Strong analytical, problem-solving and organizational skills.
  • Demonstrated leadership skills and stewardship capabilities in a complex and changing environment.
  • Superior understanding of elements of effective control over integrity and completeness of financial reporting; attention to details.
  • Ability to multi-task and deliver high-quality results under very tight deadlines; continuously assess priorities and business requirements, and balance between regular deliverables and priority Executive requests.


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.
  • 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
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at Scotiabank

More Finance & Insurance Jobs

Find similar Manager, Expense Management Canadian Banking - Finance jobs:

NationwideToronto, ON