Manager, Global DB Plans

Scotiabank   •  

Toronto, ON

5 - 7 years

Posted 243 days ago

This job is no longer available.

Purpose

This position is responsible for supporting the management of the Bank’s pension programs globally, including managing valuations, strategy, compliance, governance and involvement in budgeting and expense management of external vendors. The major areas of exposure are Canada, United States, United Kingdom, Mexico and the Caribbean.

Accountabilities

Assist with the management and preparation of actuarialvaluations and costings – by external consulting staff – for design, expense and forecasting purposes to effectively manage costs.

Manage department’s response to both external and internal audit requests on pension matters and procedures (including under Sarbanes Oxley (SOX)).  Update documentation on established procedures, as required.

Accountable for reviewing pension plan funding/solvency valuations and supporting the determination of cash funding strategy. 

Support review of pension policies and policy decisions, including research of competitive market information to assist in policy decisions and analyzing implications of policy changes.

Assist with preparation of a financial literacy strategy to support employee education and decision making.

Assist with preparation of presentation material on plan decisions and strategy for management.

Co-ordinate/manage the preparation of materials for the various pension fiduciary and/or governance committee meetings and – as required – participate in these committees, whether as a member, an observer, or as Secretary.

Co-ordinate/manage the preparation of documentation related to the pension programs such as plan texts and related amendments, etc. 

Support with special projects such as

  • due-diligence activities on potential acquisitions/divestitures;
  • Enterprise Wide Stress Testing;
  • Asset Liability Management studies, annuity purchases, lump sum offerings; and
  • Otherad-hoc projects as required. 

Coordinate with the Manager, Actuarial Analysis (Pensions), Manager, Actuarial Analysis (Benefits) and Global DC Senior Manager on common deliverables and responsibilities.

Dimensions

  • Supporting, along with other team members, pension programs in Canada, United States, United Kingdom, Mexico and the Caribbean..

Education / Experience / Other Information (include only those that are specific to the role)

  • A good understanding of pension principles, programs and delivery systems, funding and accounting valuations.
  • Experience with implementing and maintaining pension plan governance frameworks.
  • Strong analytical and problem solving skills and ability to perform in-depth analysis.
  • High degree of initiative and sound judgment.
  • Excellent oral and written communication skills.
  • Strong computer skills (Microsoft Excel and Word)
  • 5+ years of relevant experience with pension plans.
  • Pursuing FCIA/FSA designation, completion of ASA/ACIA is an asset
  • University degree in mathematics, actuarial science or similar area

Working Conditions

  • Work in a standard office-based environment; non-standard hours are not a common occurrence.  Limited travelinternationally as needed.

Requisition ID: 21080