Scotiabank

Senior Manager, Value Proposition, International Private Banking - Toronto, ON

Scotiabank • $110K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Minimum 5 years in wealth management for HNW/UHNW clients
  • Excellent knowledge of Private Banking and Wealth Management products
  • Experience in value proposition development in financial services
  • Strong credit skills and understanding of credit principles
  • Knowledge of sales/service design concepts and management techniques
  • Proficient in MS Office, Salesforce, Power BI
  • MBA or degree in business or equivalent

Responsibilities

  • Champion a client-focused culture to strengthen Private Banking relationships
  • Collaborate with local teams to align Wealth Management products and services
  • Share best practices and insights from various countries to enhance value proposition
  • Influence stakeholders to create exclusive Wealth Management offers
  • Identify external partnerships to enhance the IPB's offerings
  • Support negotiation of Service Level Agreements and process reengineering
  • Explore digital opportunities to enhance IPB's capabilities

Benefits

  • Comprehensive suite of Wealth Management products and services
  • Opportunity to work cross-functionally with various Wealth Management teams
  • Exposure to international market dynamics and diverse client needs
  • Support for professional development and continuous learning
  • Chance to influence strategic initiatives across international markets
Full Job Description
Requisition ID: 274380

Purpose

The Senior Manager is responsible for ensuring the PAC and CCA countries have a comprehensive suite of Wealth Management onshore and offshore products and services for Private Banking Clients, helping teams to deliver an exceptional client experience.

Private Banking is at the centre of our Wealth Management vision for client relationship management both onshore and offshore, therefore the Senior Manager, IPB Value Proposition will have to ensure alignment across the different markets, verify segment ownership over products and services (where applicable), define segment exclusive pricing methodologies, establish adequate processes and service level agreements to serve our clients in a timely manner and identify improvement opportunities. This role requires a deep understanding of the specific needs of our Private Banking clients, the ability to influence and work with multidisciplinary teams.

The primary purpose of the position is to support the development and deployment of the strategic initiatives of the Value Proposition for the PB segment, working together with other Wealth Management teams in Toronto and in the countries, in order to increase market share and profitability of Private Banking across International Wealth Management.

Accountabilities
  • Champions a client focused culture to deepen Private Banking client relationships and leverage broader relationships.
  • Collaborates with the in-country Private Banking teams in the development and alignment of Wealth Management products, solutions and services, understanding the business priorities, and helping the local teams making the necessary implementations according to the IPB Value Proposition strategy.
  • Shares best practices related to the value proposition with International Private Banking teams, by understanding what works well in certain countries and using these insights to provide feedback and new perspectives on the overall model.
  • Actively pursues a culture of creating an exclusive Wealth Management offer for Private Banking clients across all geographies, as part of the Total Wealth model, influencing and negotiating with stakeholders to ensure an exceptional client experience.
  • Collaborates with the in-country Private Banking teams in development and implementation of Private Banking products tailored to the specific needs of PB clients including but not limited to Credit Cards, Deposit accounts, Investment alternatives, Cross border transactional services, Mortgages, Unsecured Lending, Wealth Lending, Philanthropy, etc.
  • Identifies external partnerships with potential service/solutions providers to improve IPB's Value prop in different areas like pricing, cash management, tax advisory, insurance advisory, digital solutions and platforms, loyalty etc.
  • Supports the local review and negotiation of Service Level Agreements and process reengineering for Private Banking products and services, as part of our value proposition, ensuring times to market are in accordance with the value promise given to clients.
  • Actively looks for opportunities and partnerships to enhance IPB's Digital agenda leveraging Bank capabilities.


Design and management of International Private Banking Value Proposition

  • Supports the design of the IPB Value proposition (principles and articulations across the segment) from a products and services perspective.
  • Research to gather insights on clients (to understand the client view) for onshore and offshore needs.
  • Coordinates with in-country Private Banking teams, the governance over the ongoing management and maintenance of segment solutions, taking into consideration their specific characteristics and conditions.


P & L Management
  • Actively supports the development of the multi-year plan for the implementation of the IPB value proposition based on client segmentation data, market/economic conditions, IWM objectives and competitive positioning. Participates in the design and deployment of projects related to products and services implementation for IPB in the countries.

Sales and Strategy Support
  • Support the definition of appropriate Products and Services suite including setting targets to close gaps according to the end-state model, developing business plans, regular assessments against minimum targets and standards, performance appraisals against existing value offer and competition.
  • Works closely developing strong relationships with all relevant Wealth Management teams including Asset Management, Brokerage, Trust Services and partners including International Investment Advisory (IIA), Jarislowsky Fraser (JF), International Wealth Structuring (IWS), Global Banking & Payments, Corporate, Commercial & Multinationals, Affluent team (IB Retail) and IB Marketing.
  • Continually analyzes new market trends, develops thorough understanding of the needs of Private Banking clients, the competition, and regulatory and compliance environments and changes.
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.


Governance
  • Familiar with Know Your Client (KYC) and AML/ATF policies.
  • Ensures familiarity with all relevant AML/ATF Regulations which impact the business.
  • Participates in other assignments and or projects as required.


Education / Experience / Other Information

  • Spanish is desirable
  • Minimum 5 years' experience in wealth management and/or consulting for the Affluent, High Net Worth or Ultra High Net Worth segment
  • Excellent knowledge of all Private Banking, Retail Bank, Commercial Bank and Wealth Management products and services as well as a thorough understanding of commercial and retail credit principles. He/she must also possess strong credit skills.
  • Experience developing, implementing, reviewing, scaling a value proposition in financial services.
  • Experience with product development, in financial services/banking
  • Broad knowledge of the various business lines, segments and products
  • knowledge on sales and service design concepts and management techniques
  • Excellent knowledge of transactional products and services and investment products. Adequate knowledge and understanding on taxation, insurance, retirement planning and estate planning.
  • Experience in process engineering and leaner practices applied to banking
  • Ability to evaluate risk, to identify control weaknesses, contribute to the development of policies, implement supporting procedures and to report on non-compliance effectively
  • Proficiency with MS Office (particularly Excel and PowerPoint), Salesforce, Power BI
  • MBA or degree in business or equivalent
  • Exceptional interpersonal skills and able to develop solid relationships with IWM's stakeholders
  • Very strong understanding of the country's business and political environment in IWM footprint
  • Strong working knowledge of the competitive landscape (i.e. products and services offered by other financial institutions in applicable countries including niche competitors).
  • Ability to keep up to date on past, current and future trends in the financial services industry.
  • Strong organization & self-management skills to convert strategic objectives and plans into measurable results.
  • Strong communication and presentation skills and ability to deal with all levels of management.
  • Strong negotiating and listening skills.
  • Strong strategic influencing skills and the ability to work in a cross-functional, matrixed work environment.
  • A self-starter and team worker who is goal oriented
  • Flexibility and strong organization skills to adapt to a wide variety of tasks and functions and to work effectively as a member of the International Private Banking and International Wealth Management teams.


Working Conditions
  • Work in a standard office-based environment; non-standard hours are a common occurrence.


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 Senior Manager, Value Proposition, International Private Banking - Toronto, ON jobs:

NationwideToronto, ON