Senior Finance Manager, Global Asset Manager at Scotiabank — NeverHard
Senior Finance Manager, Global Asset Manager at Scotiabank in Toronto, Ontario. Skills: Data Analysis, Financial Modeling, Financial Planning, Financial Reporting, Forecasting. Apply on NeverHard.
Company
Scotiabank
Location
Toronto, Ontario
Type
full_time
Required skills:
Data Analysis
Financial Modeling
Financial Planning
Financial Reporting
Forecasting
Requisition ID: 265932
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Responsibilities
Financial Reporting, Forecasting & Annual Profit Planning
Support financial reporting for executive management, including performance against forecast, plan and prior periods for business line reporting packages
Support non-financial reporting for Global Asset Management, including reporting on sales vs non-sales FTE and daily/monthly reporting on net flows by channel for Global Asset Management
Support the annual profit plan and monthly forecasting processes across business units.
Ensure timely and accurate data collection and analysis for financial planning.
Recommend financial models and strategic benchmarks to improve forecasting accuracy.
Maintain and enhance systems to support efficient reporting processes.
Data Management
Act as stakeholder for financial and non-financial data, including Profit and Loss, Balance Sheet, Off Balance Sheet (AUA/AUM), Net Flows and FTE – across channels, business lines and at the consolidated Global Asset Management level
Ensure alignment of data across various internal and external reporting, including data reported by teams outside of Global Asset Management
Expense Management & Governance
Support monthly and quarterly financial reporting and variance analysis.
Ensure accuracy and completeness of financial results.
Investigate and explain significant transactions and variances.
Deep dive into allocated expenses from business lines, corporate functions and other cost centers – determining trend and drivers
Breakdown Asset Management expenses by business line and executive owners
Sensitivity Analysis and Enterprise Wide Stress Testing (EWST)
Lead EWST process for Asset Management and collaborate with the Global Wealth Central and Global Risk Management (GRM) teams
Act as a subject matter expert on the EWST model and update based on Stress Testing scenario and key market rates provided by Scotia Economics
Perform data integrity checks to compare the model outputs vs PPNR output from GRM team and recommend any overrides
Manage ad-hoc requests related to data, reporting, and modeling.
Strategic Projects & Business Insights
Provide financial insight and modeling for strategic initiatives, new products, and compensation programs.
Design and maintain profitability models and management reports to support decision-making.
Prepare periodic analysis of financial trends and business performance metrics.
Craft and present recommendations to senior management based on financial analytics.
Ad-Hoc Support
Respond to finance-related inquiries and support requests from internal stakeholders.
Assist with ad-hoc reporting and analysis for senior management.
Skills
CPA designation or equivalent financial certification preferred.
7+ years of progressive experience in financial planning, reporting, and analysis.
Strong understanding of compensation governance and financial modeling.
Advanced Excel and financial systems proficiency.
Proven ability to lead cross-functional initiatives and manage complex projects.
Excellent communication, analytical, and problem-solving skills.
Experience in Asset Management or Wealth Management is an asset.
Strong knowledge of financial accounting and generally accepted accounting principles.
Advanced knowledge of Access database query tools.
Advance knowledge of business related computer software specifically Excel, PowerPoint and Word, and Power BI.
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.
Location(s): Canada : Ontario : Toronto
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.
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