Manager, Provisions Financial Reporting & Planning

Requisition ID: 218218

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

We are committed to investing in our employees and helping you continue your career at Scotiabank.

As a member of the Global Credit Provisions Reporting & Planning team, contributes to the overall success of the Global Credit Provisions team who are accountable for establishing prudent levels of loan loss allowances (ACL) for the Global Retail and Business Banking portfolios.

You will be responsible for the aggregation of Global Credit ACL and Provision for Credit Losses (PCL) within controlled environment to support financial booking and disclosure processes and monthly planning and forecasting exercises.

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

• Consolidate Global Credit Provisions metrics for monthly and quarterly reporting, establishing controls that are aligned with the Bank's end user control (EUC) directive.
• Assist in the preparation of Forecast and Planning processes for both ACL and Provision for Credit Losses for Global Credit portfolios.
• Participate in the coordination, review and update of SOX and end to end process documentation, working collaboratively with GRM internal and external stakeholders.
• Keep up-to-date on provision methodology and be knowledgeable of IFRS9 accounting standard.
• Identify, promote, and lead process improvements

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

• University degree in business (finance or accounting) or a quantitative field (mathematics or statistics)
• Professional CPA designation or MBA is an asset but not required
• A minimum of 3 years progressive experience in Credit Risk and financial reporting for retail or wholesale products
• Knowledge and experience in SAS, SQL queries and VBA
• Knowledge of current industry trends, regulatory requirements, and industry best practices
• Familiar with the Bank's General Ledger and / or has experience with preparing financial note disclosures
• High level of proficiency in using MS Office suite of applications (Word, Excel, PowerPoint, Power BI)
• Sound project and time management skills; strong organizational and prioritization skills; effective communication skills, both verbal and written

What's in it for you?

• Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
• Accessibility and Workplace Accommodations - 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. Scotiabank continues to locate, remove, and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.
• Upskilling through online courses, cross-functional development opportunities, and tuition assistance.
• Competitive Rewards program including bonus, flexible vacation, personal, sick days, and benefits will start on day one.
• Community Engagement - no matter where you choose to work from; we offer opportunities for community engagement & belonging with our various programs such as hackathons, contests, cooking with friends, Humans of Digital and much more!

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.