Scotiabank

Senior Manager, Capital Policy and Planning - Finance

Scotiabank • $100K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
3 days ago
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Job Overview by Ladders

Qualifications

  • Graduate degree in Finance, Business or Economics or in a mathematical/scientific discipline.
  • 5-7 years' experience in financial modeling, analysis, data analytics, or risk modeling.
  • Strong financial acumen with in-depth knowledge of forecasting & planning and finance systems (SmartView, Hyperion, OBI).
  • Advanced proficiency in Excel, VBA, SQL, Access, Power BI for data management and model development.
  • Strong background in methodology and the ability to challenge complex financial modeling assumptions.
  • In-depth knowledge of capital concepts including Basel III and risk-weighted assets.
  • Excellent analytical and research skills with a talent for creating clear presentations and summaries.

Responsibilities

  • Provide analytic expertise to enhance capital forecasting methodologies and model calibration.
  • Collaborate with the FRM team to optimize financial resource management and allocation strategies.
  • Support the formal scoping of capital forecasting for model governance processes.
  • Develop and maintain complex capital forecasting models for various regulatory and reporting frameworks.
  • Prepare reports and presentations for senior executives regarding capital metrics and risk-weighted assets.
  • Utilize data analytics to provide insights on capital ratios and RWA impacts influenced by regulatory changes.
  • Foster partnerships across departments to ensure accuracy in capital projections and responses to leadership.

Benefits

  • Opportunity to work within a forward-thinking, innovative team.
  • Career advancement opportunities with professional development support.
  • Commitment to internal growth and skill enhancement.
  • Comprehensive compensation and benefits package.
  • Dedication to community engagement and making a positive impact.
  • Inclusive culture that promotes creativity and celebrates team success.
Full Job Description
Requisition ID: 267519

Purpose

Capital Management is one of the key strategic priorities of the Bank. The incumbent will be a critical member of the Capital Policy and Planning team and will support processes that provide capital relevant information to Executive Management to assist them in making strategic decisions that impact the Bank. This will require the incumbent to build, enhance and maintain appropriate data that is integrated with other information used for decision-making purposes and for periodic reporting to OSFI. A key requirement of this role will be to provide support to the Director Capital Policy and Planning and the VP Capital Management to respond to leadership requests for capital related analysis/information, on an as-required and time-sensitive basis.

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

Forecasting and Planning - Methodology and Model Development:
  • Provide analytic skills to challenge Capital forecast assumption and provide firmer methodology background for analytical models. Support calibration of complex capital allocation parameters (e.g. for Client Profitability Calibration tied to Forecasts)
  • Connect to new FRM team under Group Treasury to align on methodology and approaches for optimizing Financial Resource Management and Allocation.
  • Provide support for Capital Forecasting to be scoped in formally for Model Governance (under E-23).
  • Improve Automation of Capital Forecasting Process and BCAR Validation Processes.


Forecasting and Planning - Execution and Reporting:
  • Provide Support for team on regular activities: Develop, enhance and maintain capital forecasting models for the Bank's monthly forecasts, OSFI quarterly multi-year forecast, Enterprise-Wide Stress Testing (EWST), Recovery and Resolution plans and Internal Capital Adequacy Assessment Report (ICAAR). This includes coordinating with multiple stakeholders to obtain inputs, compiling data from many sources (spreadsheet based), performing complex calculations, summarizing Capital and Risk Weighted Assets (RWA) impacts and performing analysis to assess impact under Basel III and other applicable regulatory requirements.
  • Prepare summaries and presentations to Senior Executives to illustrate capital and RWA information, changes and drivers; Provide analytic support to respond to senior executives' questions and/or what-if scenarios; and address any requests for expanded information from, OSFI or other regulatory bodies.
  • Leverage data and analytics to provide insightful summaries and presentations for the impact of capital or RWA movements, regulatory changes, acquisitions and what-if scenarios on capital ratios.
  • Enhance and maintain Business Lines Risk Weighted Assets (RWA) reports and track RWA growth and impact on capital ratio; and migrate the reporting data to a Power BI and/or other platforms for Business Lines consumption.


Support to Partners:
  • Establish strong partnership within relevant departments across the Bank to ensure that assumptions are current and accurate and deliver promptly capital ratios' projection.
  • Work closely with Strategic Transaction Review to support the Bank's acquisitions/divestitures/restructuring initiatives through the preparation of scenario analysis for capital ratio impact and plausible stress scenarios; and work closely with Group Treasury - Term Funding to ensure alignment with bank funding and provide frequent updates to executive management.


Operational Efficiency and Continuous Improvement:
  • Implement best in class data management practices and continuously strive to improve, simplify and streamline forecasting models and process. Refine forecasting models and data repositories to ensure clarity of complex calculations and assumptions.
  • Develop and maintain a current knowledge base of Basel III rules. Leverage the knowledge in the development of a forward-looking analysis and projections.
  • Assist the Director in building process documentation for the team's deliverables; in completing other deliverables to OSFI and/or Senior Management, on an as-required basis


Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:
  • Graduate degree in Finance, Business or Economics. Graduate or undergraduate degree in mathematical or scientific discipline.
  • 5-7 years' experience in financial Modeling, financial analysis, data analytics or risk modeling.
  • Strong financial acumen and deep understanding of forecasting & planning process, finance systems (SmartView, Hyperion, OBI), and data management principles.
  • Advanced skills in Excel, VBA, SQL, Access, Power BI; and ability to apply best data management practices to large data sets and develop new models, refine existing models and processes.
  • Strong Methodology Background with track record of challenging and solving complex business and financial modelling assumptions in a real setting
  • In depth knowledge of capital concepts (Basel III, risk weight asset, risk modelling)
  • Ability to multi-task in a time-sensitive environment and high degree of flexibility and adaptability
  • Strong analytical and research skills and ability to synthesize high quality presentations and excel summaries.
  • Excellent ability to produce clear, presentable, and traceable excel files that can be shared with executive management and interpreted easily.


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

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