Senior Manager, Finance

Toronto, ON, Canada

Job Description


Requisition ID: 193205

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Senior Manager, Finance is a key partner in supporting the Scotia Global Asset Management business partners in helping them execute on their financial strategies and overall financial performance. The Senior Manager is responsible for providing financial insight to the business lines partners (internal and external views), management and coordination of planning within Asset Management, and improves the financial production effectiveness. The Senior Manager provides comprehensive financial review, analysis and evaluation of various business unit\'s financial performance. The Sr. Manager reports to the VP, FP&A and Asset Management - Global Wealth Management Finance, and works in close partnership with the business leaders, CB Finance, and other business partners, to drive insightful analysis, and continuously looks for opportunities for process optimization. The Senior Manager is required to demonstrate excellent leadership skills, is accountable for leading and motivating the team to maximize employee engagement and build a high performance and results oriented culture.

Another key part of the role is to manage business relationships and provide deep-analytics and insights to support the business and drive business results. This includes conducting research and analysis based on industry and competitive intelligence (such as IFIC statistics, etc.), and structuring / organizing data and building efficient reporting solutions. In addition, the Senior Manager, is also responsible for managing the - (1) monthly / quarterly reporting, (2) development of the annual financial plans, (3) quarterly forecasts for the business, (4) compensation program for SGAM. The Sr. Manager is also responsible for maintaining and continuous improvement of the management reporting system for Canadian Asset Management Finance and to support finance-related issues for the division.

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

1. Reporting - Business Line / Product Level Reporting with Key Insights for Specific Channel

  • Lead and be responsible for all aspects of business line / product level reporting, which includes, but not limited to;
  • Reporting on investment products (such as sales , redemption, market share, etc), research industry investment product trends (asset class, category, industry sales, industry redemptions, market share) and provide insightful analysis to business leaders and executives
  • Support business line leaders with regular and ad-hoc reporting requirements - such as assist with product-related questions, profitability deep-dive analysis, etc.
  • Maintain high level of data integrity within Finance team to ensure accurate reporting. Any gaps or failures in oversight controls could result in incorrect analysis and information to stakeholders.
2. Reporting - Preparation of monthly and quarterly business line results for Specific Chanel
  • Lead and be responsible for the monthly, quarterly and annual financial management reporting, maintaining effective controls and ensuring that timely and accurate information is reported to Senior Management
  • Prepare monthly / quarterly reporting and analysis package and report on monthly & YTD actual business results relative to plan/forecast/previous year activity.
  • Prepare monthly / quarterly dashboard for senior management, and monthly departmental expense report for department heads.
  • Complete quarterly Blue Book, Business Line, Quarterly Overview, and Revenue & Expense Variance analysis and commentary for submission to Senior Management.
  • Ownership of timely collection of financial and non-financial data from business and support groups
  • Consolidation of brand level results and provide relevant commentary for Asset Management
  • Complete analytical review to:
  • Ensure completeness and reasonability of forecast, provide viable solutions to issues raised
  • Understand the relevant performance of Asset Management business plan vs actuals
  • Presentation and communication of monthly / quarterly results to business heads
  • Establish and maintain systems to efficiently manage the reporting process
3. Annual Profit Plan and Forecasting for the Specific Channel
  • Lead and proactively manage the annual profit planning & quarterly and multi-year forecasting for the business lines. Contribute to the annual profit plan, by meeting with department heads and further developing current processes related to forecasting of driver based inputs;
  • Timely and accurate preparation of budgets relating to business units and support groups
  • Working closely with the business units, prepare quarterly, whole year revenue and expense forecasts for submission to Senior Management
  • Ownership of timely collection of financial and non-financial data from business lines
  • Complete analytical review to:
  • Ensure completeness and reasonability of forecast, provide viable solutions to issues raised
  • Understand the relevant performance of the business to base forecast
  • Ensure accuracy and completeness of information - profit plan, quarterly update and full year forecast. For forecasting purposes, recommend financial models and inputs, set appropriate drivers or strategic benchmarks.
  • Ensure timely submission of annual profit plan, including analysis of all major revenue and expense categories.
  • Coordinate the completion and review of the departmental expense budgets with Department Heads.
  • Complete profit plan analysis and presentation deck to senior management team
4. Compensation Program for SGAM
  • Lead and manager the compensation program for SGAM:
  • Variable compensation plan oversight, governance, and modeling.
  • Responsible for the accurate and timely delivery of monthly, quarterly, and annually performance incentive measures for key business partners, including accountability for calculating, reporting and forecasting of various incentive compensation plans.
5. Strategic Thinking and Results Focused
  • Act as finance leader to the business and department heads by providing insightful financial analysis and competitive analysis as well as providing support and acting as a liaison, as required, within Wealth Management
6. Developing & Coaching Talent
  • Provide strong leadership to Finance team by providing strong leadership, clear and open communication, setting expectations and accountabilities, and providing opportunities for development;
  • Ensuring expectations including accountabilities, objectives and goals are effectively negotiated, communicated and monitored for team
  • Ensuring employee development plans are in place and completing semi-annual and annual performance reviews for all direct reports
  • Ensuring there is fair and equitable treatment of employees in keeping with the bank\'s guidelines and principles
  • Creating and encouraging open lines of communication for all staff to effectively accomplish the department\'s goals and objectives.
7. Operational Efficiency and Continuous Improvement
  • Evaluate policies and processes and provide leadership on team to improve operational efficiencies.
  • Lead in developing, and actively champion departmental and corporate goals to deliver efficient analysis and timely information to internal customers.
  • Lead problem solving sessions for team to promote critical thinking culture on team. Coach Managers and Seniors to problem solve effectively to improve efficiency on team.
8. Strong Control Environment and Risk Management
  • Ensure that efficient processes and effective oversight controls are in place in Finance to maintain a strong control environment, data integrity and minimize risk
  • Supports the Director in the information gathering process and analysis for strategic and tactical projects and ad-hoc requests by Senior management
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 financial accounting and generally accepted accounting principles
  • Advanced knowldge of Access database query tools
  • Advance knowledge of business related computer software specifically Excel, PowerPoint and Word
  • Accounting related experience and advanced analytical skills
  • Strong knowledge of the securities and financial services industry (ie investment funds industry)
  • Work in a standard office-based environment; non-standard hours are a common occurrence.
What\'s in it for you?
  • An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
  • We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
  • Your career matters! You will have access to career development and progression opportunities.
#scotiafinancejobs

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please . 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.

Scotiabank

Beware of fraud agents! do not pay money to get a job

MNCJobz.com will not be responsible for any payment made to a third-party. All Terms of Use are applicable.


Related Jobs

Job Detail

  • Job Id
    JD2276679
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Toronto, ON, Canada
  • Education
    Not mentioned