Director, Funding & Investments - Scotiabank, Toronto

AI Summary

This Director, Funding & Investments role at Scotiabank in Toronto, Ontario, leads and oversees the funding, investments, and financial stewardship for the Medicus Pension Plan. Key duties include managing the Plan’s financial position, ensuring sustainability, and aligning with strategic objectives. Top requirements include a university degree in finance or a related field and over 10 years of leadership experience in pension funding, investments, or actuarial oversight.

About the Director, Funding & Investments Role at Scotiabank

As a Director, Funding & Investments for the Medicus Pension Plan at Scotiabank, you will play a pivotal role in ensuring the long-term financial health and strategic alignment of this crucial pension plan. This position involves leading a customer-focused culture while driving strong financial stewardship, supporting prudent funding, and providing comprehensive investment oversight. You will be instrumental in establishing, monitoring, and overseeing the overall investment strategy, including critical aspects like asset allocation, investment performance, and strict compliance with the Statement of Investment Policies and Procedures (SIPP). Your expertise will guide the Administrative Board in making informed decisions regarding the plan's financial future.

A core responsibility will be to oversee actuarial valuations, assumptions, and the funding strategy in close partnership with the Plan Actuary. This includes evaluating funding risks, assessing benefit sustainability, and ensuring regulatory compliance, providing clear analysis and recommendations to both the Administrative Board and executive leadership. Furthermore, you will manage the preparation of trust fund financial statements and coordinate the annual audit, guaranteeing accuracy, completeness, and timely delivery. Your leadership will extend to budgeting, forecasting, and financial planning processes, which are essential for effective decision-making and strategic planning across the enterprise. Ensuring robust financial controls and adherence to accounting standards, regulatory requirements, and internal financial policies is paramount in this role. You will also manage relationships with key external service providers, including actuarial, audit, and investment partners, fostering collaborative efforts to achieve the plan's objectives. This position offers a unique opportunity to contribute significantly to the financial well-being of physicians through the Medicus Pension Plan, reinforcing Scotiabank's commitment to comprehensive financial solutions.

Skills and Experience for this Financial Leadership Position

To succeed as the Director, Funding & Investments, Scotiabank is seeking a highly experienced and dedicated professional with a strong background in Canadian banking and finance. Candidates should possess a university degree in finance, accounting, economics, actuarial science, or a related discipline, demonstrating a solid academic foundation. A professional designation such as CPA, CFA, or FSA/FCIA is considered a significant asset, highlighting advanced expertise in financial management and investment principles. The ideal candidate will bring over 10 years of leadership experience specifically within pension funding, investments, finance, or actuarial oversight, showcasing a proven track record in managing complex financial portfolios.

This role demands strong knowledge of pension funding and investment rules, alongside comprehensive understanding of financial reporting standards. Demonstrated experience in supporting boards or committees on critical financial and investment matters is essential, indicating an ability to navigate governance structures effectively. Excellent analytical, communication, and stakeholder-management skills are also crucial for this position, enabling effective collaboration with internal teams, external partners, and the Administrative Board. This leadership opportunity within Scotiabank's finance division offers a chance to apply your expertise in a dynamic environment, contributing to the strategic direction and sustainability of the Medicus Pension Plan, a vital component of Scotiabank's offerings to the medical community.