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scotiabank
Senior Finance Manager, Global Asset Managerscotiabank • Toronto, ON, CA
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Senior Finance Manager, Global Asset Manager

Senior Finance Manager, Global Asset Manager

scotiabank • Toronto, ON, CA
30+ days ago
Job type
  • Full-time
Job description

Is this role right for you?

In this role, you will:

1. 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.

2. 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

3. 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

4. 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.

5. 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.

6. Ad-Hoc Support

  • Respond to finance-related inquiries and support requests from internal stakeholders.
  • Assist with ad-hoc reporting and analysis for senior management.

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

  • 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.
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Senior Finance Manager, Global Asset Manager • Toronto, ON, CA