Scotiabank

Manager, Wealth Management - Finance

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

Qualifications

  • Strong knowledge of accounting, financial reporting, and budgeting principles
  • Advanced proficiency in Excel, PowerPoint, and Word
  • Experience in database management (e.g., Access) is a plus
  • Demonstrated strategic problem-solving capabilities
  • Excellent communication and interpersonal skills with senior management

Responsibilities

  • Coordinate finance reports for the Canadian Wealth Management Business Line
  • Conduct monthly revenue and NII variance analysis
  • Run the Strategic & Annual Profit Plan and monthly forecasts
  • Develop financial models for new initiatives
  • Perform monthly reconciliation of financial data

Benefits

  • Opportunity to join a forward-thinking and collaborative team
  • Diverse opportunities for professional development
  • Internal development programs to enhance skills
  • Commitment to making a difference in communities
  • Inclusive and creative working environment that celebrates success
Full Job Description
Requisition ID: 274098

Purpose

The Manager, Wealth Management Finance oversees financial analysis and reporting functions for the Private Banking Business Line within the Canadian Wealth Management segment of Global Wealth Management. In this role, the incumbent ensures the integrity and timely analysis of monthly/quarterly results, quarterly forecasts, and annual profit plans for submission to Wealth Management & Finance.Additionally, the Manager collaborates with the business on various complex incentive compensation plans related to Private Banking.

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

Financial Reporting and Analysis:
  • Coordinate the development and preparation of finance reports for the Canadian Wealth Management Business Line (Scotia McLeod).
  • Monitor results against performance measurement criteria and key business metrics, including:
  • Conduct monthly revenue and NII variance analysis.
  • Manage the Revenue and Net Interest Income models by updating monthly/quarterly actuals for various products, FTP rate, and NII/margin analysis.
  • Various sales, Fees and net interest income (NII), volume expense, and profit and loss (P&L) reporting and analysis.
  • Provide various Scotia McLeod key performance indicator (KPI) reporting and analysis.


Commentary and Reporting:
  • Provide monthly and quarterly commentary on financial and metric information as required for Canadian Wealth Management Finance reporting.
  • Report metrics to external agencies for performance benchmarking.


Strategic Forecasting and Planning:
  • Run the Strategic & Annual Profit Plan, Stress Test Scenarios, and monthly forecasts, including:
  • Update planning/forecasting models
  • Prepare and distribute annual budget packages for stakeholders.
  • Assist business lines in completing their budget packages.
  • Monitor and upload budgets/forecasts onto respective systems.
  • Prepare consolidated analytics for review and approval by the Director of Finance and other executives.
  • Analyze variance to plan and previous forecasts, updating the model for NII numbers.


Financial Modeling for Initiatives:
  • Develop, maintain, and update financial models supporting new initiatives and projects proposed by Business Line Heads.
  • Analyze the financial impact of new initiatives through scenario modeling.
  • Provide recommendations to Senior Management.


Reconciliation:
  • Perform monthly reconciliation of the sub-GL to EGL/INEA for the business line.
  • Work with center team / business leads to review Hyperion / Anaplan metrics / data.


Ad-Hoc Reporting and Issue Resolution:
  • Prepare ad-hoc reporting and analysis as required.
  • Provide resolution for finance-related issues and support key stakeholders.


Additional Duties:
  • Perform other assigned duties.


Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:
  • Strong knowledge of accounting, financial, and management reporting and budgeting rules and principles.
  • Advanced proficiency in Excel (including complex formulas and functions), PowerPoint, and Word.
  • Experience with database management (e.g., Access) is an asset.
  • Strategic problem-solving skills, identifying issues and recommending viable solutions.
  • Accountability for providing excellent service and promptly resolving customer problems in a professional manner.
  • Skills to efficiently manage multiple priorities to ensure timely delivery while maintaining strong attention to detail.
  • Proactive, independent work attitude.
  • Possesses strong organizational skills and effective problem-solving abilities.
  • Demonstrates excellent verbal and written communication skills, as well as strong communication, presentation, and interpersonal skills for effective interaction with senior management and team members.
  • Advanced analytical skills.
  • Ability to assist other department members and the organization to meet objectives.
  • Familiarity with Oracle Business Intelligence (OBI) and PeopleSoft.
  • Ability to interact effectively with all levels of management.
  • Strong prioritization skills for managing rigorous deadlines and processes.
  • Systematic approach to planning and problem-solving.
  • Experience in handling complex issues and exercising sound judgment.
  • Adaptability and effective collaboration with various individuals or groups.
  • Strong leadership skills for team development.


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

Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

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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