Manager, Canadian Wealth Management Finance

Requisition ID: 216440

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

The Manager, Wealth Management Finance manages the financial analysis and reporting functions for iTrade, online brokerage in Global Wealth Management. Specifically, the incumbent is accountable for the integrity and comprehensive timely analysis of the monthly/quarterly results, quarterly forecasts, and annual profit plan for submission to Canadian Wealth Management & GWM Finance.

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

1) Direct and manage annual Profit Plan and quarterly forecast processes for iTrade:

• Ensure timely submission of monthly forecasts and Annual Profit Plans including analysis of all major revenue and expense categories.
• Recommend financial models and set target levels and/or strategic benchmarks on behalf of Wealth Management business leadership.
• Prepare rolling 6 quarter forecasts for submission to iTrade, Canadian Wealth Management and Finance.
• Prepare the annual 3 Year Strategic Plan and the related stress testing scenarios.
• Prepare monthly headcount reporting and analysis, monthly overview package, and various KPI reporting and analysis, such as DARTs, New accounts and AUA etc.
• Reporting metrics to various external firms for the purpose of measuring our performance against competitors
• Manage the Net Interest Income model - update monthly actuals for Cash and Margin Accounts, FTP rate & Net interest Income/Margin analysis.
• Provide Profitability Analysis by customer segment.
• Preparing marketing campaign financial impact analysis

2) Direct and manage iTrade monthly, quarterly, and annual financial management reporting, maintaining effective control in place and ensuring timely and accurate information being reported to Finance & GWM Management:

• Coordinate the preparation of the monthly business line operating results, business line metrics & performance reports.
• Coordinate the monthly preparation & submission of accruals where necessary.
• Complete financial results, key measures, and commentary.
• Complete quarterly Blue Book along with various Revenue & Expense reporting, variance analysis, and commentary for submission to Finance & GWM Senior Management.
• Act as an advisor to the business heads of iTrade as well as provide support and act as a liaison with Finance as required.
• Work with the iTrade business heads to provide/create product/customer profitability analytics in support of strategic business decisions. This requires the design and development of financial models to be used in the assessment of changes in business strategies and new initiatives.
• Define changes required and/or implement continuous improvement with regards to various systems and databases used to facilitate the required reporting. These include the PeopleSoft, EGL, MS Access Databases, and numerous Excel spreadsheets. As well, the incumbent is responsible for improving the reporting/planning processes by identifying opportunities for systems enhancements, specifically through the reduction on the dependence of complex spreadsheets.

3) Provide strong leadership by:

• Ensuring expectations including accountabilities, objectives and goals are effectively negotiated, communicated, and monitored for direct report(s)
• Ensuring employee development plans are in place and completing performance reviews for all direct report(s)
• Ensuring there is fair and equitable treatment of employees in keeping with the bank's guidelines and principles.
• Ensuring that performance/conduct issues are effectively dealt with through proper and prompt documentation/discussion, escalating when appropriate.
• Creating and encouraging open lines of communication for all staff and that they are aware of the Chain of Communication
• Designing, establishing, and maintaining an organizational structure and staffing strategy to effectively accomplish the department's goals and objectives.

4) Perform other duties as assigned.

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

• Ability to deal with all levels of management.
• Strong prioritization skills to manage rigorous deadlines, processes, and team.
• Using a systematic approach to planning and problem solving
• Experience in managing complex issues and exercising sound judgment.
• Adapting to and work effectively with various individuals or groups.
• Strong leadership skills to foster and develop team.

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.

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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 click here. 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.