Scotiabank

Manager, Pricing & Portfolio Management - Retail Deposits

Scotiabank$100K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Post-secondary education; MBA or advanced degree preferred
  • Several years of experience in the financial services sector
  • Experience in product P&L management and business analytics
  • Strong understanding of the GIC market and its processes
  • Excellent analytical and communication skills
  • Strong project management capabilities
  • Proficiency in Microsoft Office tools, especially Excel, Access, and PowerPoint
  • Experience with SAS/SQL is preferred

Responsibilities

  • Monitor and evaluate portfolio trends for timely insights on KPIs
  • Engage in routine portfolio performance assessments and forecasting
  • Develop financial models to assess business performance
  • Evaluate competitor offers for strategic positioning
  • Enhance rate optimization models and methodologies
  • Support design and maintenance of analytical and pricing models
  • Oversee ad-hoc assignments and special projects in collaboration with partners
  • Manage the Deposits Exception Pricing Desk and related tools
  • Provide insights to the Pricing committee regarding trends and offers
  • Review exception cases for non-redeemable GICs
  • Manage timely execution of price changes for Retail Products
  • Identify opportunities to improve operational efficiency
  • Ensure compliance with the Bank's risk appetite and culture
  • Foster a high-performance and inclusive work environment

Benefits

  • Join a collaborative and innovative team environment
  • Access to diverse professional development opportunities
  • Internal training programs to enhance skills
  • Inclusive workplace that promotes creativity and celebrates success
  • Work in a modern ecosystem with various collaborative spaces
Full Job Description
Requisition ID: 268799

As the Manager, Pricing & Portfolio Management, you will be responsible for overseeing Retail Deposits Pricing & Portfolio Management in Canada ensuring business strategies, plans and initiatives are executed/ delivered in compliance with governing regulations, internal policies, and procedures.

In this role you will also be responsible for monitoring and analyzing market and business data to support business decisions and identify trends in liquidity management and client behaviors, with the goal of identifying deposit growth opportunities for the Bank.

Is this role right for you? In this role, you will:
  • Monitor, assess, and evaluate portfolio trends and to provide ongoing timely insights on developing portfolio trends and KPIs to achieve its annual targets
  • Engage in portfolio performance routine including weekly/monthly results, monthly forecasting, and annual planning in collaboration with Product Team and Finance
  • Develop and apply financial models to measure the performance of the business
  • Monitor competitor offers and ensure investment portfolio's strategic positioning
  • Continue to enhance and adjust rate optimization models and its underlying methodologies to ensure rates offered are competitive and help meet financial and non-financial KPIs
  • Support the design, development, and maintenance of portfolio models for business analysis and pricing models for pricing exceptions
  • Understand the data and be able to recommend solutions for the design of input and output files when the business needs to develop new analytics or reports
  • Manage or support ad-hoc assignments or special projects for Retail Deposits & Investments in partnership with business line, finance, analytics, retail channel and external partners
  • Manage the Deposits Exception Pricing Desk and the SmartBot tool, supporting across Canadian Retail Banking, Private Banking, and Advisor Deposit Services channels
  • Monitor, track and provide key insights to the Pricing committee on exception trends and competitor offers
  • Assist in managing the GIC Early Redemption inbox to review the exception cases for redeeming non-redeemable GICs
  • Assist the pricing optimization and execution of the approval pricing changes across the Retail Products and Advisor Deposit Services in a timely manner in order to provide a positive customer experience, prevent adverse impact to our P&L, and ensure no regulatory breaches
  • Recommend opportunities to improve our expectation policy and increase operational efficiency by enhancing processes and tools
  • 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
  • Champion a high performance environment and contribute to an inclusive work environment

    Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:
  • Related post-secondary education / MBA or other advanced degree preferred
  • Multiple years of experience in the financial services industry
  • Experience in product P&L management, finance and/or business analytics
  • A good understanding of the GIC market, products, services and processes
  • Strong analytical and communication skills
  • Sold project management skills to prioritize, manage, and implement competing initiatives
  • Excellent time management skills and a proven ability to meet deadlines
  • Advanced skills in using Microsoft Office tools; Excel, Word, Access, PowerPoint, etc.
  • Working experience with SAS/SQL is preferred


What's in it for you?
  • The opportunity to join a forward-thinking and collaborative team, surrounded by innovative thinkers
  • A rewarding career path with diverse opportunities for professional development
  • Internal training to support your growth and enhance your skills
  • An inclusive working environment that encourages creativity, curiosity, and celebrates success!
  • Work in an Ecosystem; a bright, modern space where you'll have access to group seating, offices, collaboration spaces, a cafeteria with different options daily, a bistro, and more


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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