Senior Manager, Balance Sheet Analysis - Scotiabank, Toronto

About this opportunity

Join Scotiabank's Canadian Banking Finance team as a Senior Manager, Balance Sheet Analysis. This role is pivotal in ensuring individual goals and initiatives align with the team's business strategies and objectives, all while adhering to governing regulations and internal policies. You will operate as a subject matter expert, contributing to a purpose-driven, inclusive, and high-performing culture within Scotiabank.

Day-to-day

As a Senior Manager, you will be at the forefront of financial analysis and strategic balance sheet management for Canadian Banking. Your daily responsibilities will involve a blend of analytical leadership and collaborative support across various financial functions, ensuring effective operations and risk management.

• Operate as the lead and subject matter expert on Balance Sheet, including performing in-depth financial analysis to support strategic balance sheet management and initiatives to improve the Canadian Bank’s profitability.
• Assist in operational and production activities, including support, review and assessment of the reasonability of assumptions/commentary including balance sheet & profitability analysis, forecasting, Enterprise Wide Stress Testing (EWST).
• Assist in developing financial projections & models to forecast the profitability of the Canadian Bank from a top-down perspective, which will include interpreting financial data across business lines / product areas and incorporating the most recent economic information, in order to provide timely guidance towards achieving the Canadian Bank’s longer-term financial performance targets.
• Develop strong fundamental knowledge about various FTP components/methodologies, implement, operationalize and assess continued suitability as well as communicate methodology changes and the resulting impact.
• Support stakeholder relationship management with key business partners, including business lines, product groups, Global Risk Management, Treasury, Capital Management and EO Finance.
• Work closely with other teams in Canadian Banking Finance, in order to provide additional resourcing and support for special projects or during periods of peak demand.
• Maintain an effective system of internal controls over the planning, forecasting and reporting processes for interest profit and ensure that any EUC requirements and SOX controls are addressed.
• Leverage digital solutions to seek ways to enhance the balance sheet and interest profit planning and forecasting processes by streamlining operational and analytical processes, reducing operational risk, improving the effectiveness, and resolving issues related to data consistency among various systems and processes.
• Champion a high performance environment and contribute to an inclusive work environment.
• Champion a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursue effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.

Skills and experience

To excel in this Senior Manager role, you will bring a strong foundation in finance and analytical capabilities, coupled with relevant experience in the banking sector. Your expertise will be crucial in managing and interpreting complex financial data to support Canadian Banking's strategic objectives.

• MBA, CFA, MFin or CPA preferred.
• Strong technical skills including strong modelling skills.
• Relevant experience at a financial institution, preferably with knowledge in margin analysis, funds transfer pricing and risk management; additional knowledge or experience with Canadian Banking Retail and Commercial banking products considered an asset in this role.

Who you'll work with

You will be joining a collaborative team of innovative thinkers within Canadian Banking Finance, where an inclusive environment encourages creativity and celebrates success. This role involves significant interaction and support for key business partners across Scotiabank, fostering strong relationships to achieve shared goals.

• Business lines
• Product groups
• Global Risk Management
• Treasury
• Capital Management
• EO Finance

What Scotiabank offers

Scotiabank is committed to fostering a rewarding career path and a supportive work environment. Joining this team means benefiting from a culture that values professional development, community impact, and an inclusive approach to business.

• 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.
• An inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!