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Senior Manager, Balance Sheet & Margin Management Initiatives, GTB - Toronto

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  • Job
    Full-time
    Senior & Expert Level
  • Accounting & Tax
  • Toronto

Requirements

  • Undergraduate or graduate degree in Business or quantitative discipline (e.g. financial analysis, accounting and/or risk concepts, engineering, mathematics, statistics, etc.)
  • 7+ years' experience in financial industry with familiarity with non-personal deposit products, transfer pricing, margin analysis, liquidity risk and performance management
  • Solid track record of seeing beyond the numbers to the effects on the business
  • Comprehensive understanding of multiple, complex data sources across the Bank
  • Experience with data technology and end user development
  • Experience with Statutory and Management reporting
  • Strong analytical capabilities, verbal and written communication skills, and organizational skills
  • Polished interpersonal skills – able to establish rapport and develop working relationships with staff across a broad range of functional areas, job levels, and cultures.
  • The incumbent must have thorough knowledge of the financial services industry including regulatory trends and economic conditions as they relate to deposits and funding.

Responsibilities

  • Supports and promotes a performance and client focused culture leveraging relationships, knowledge and influence to deliver strong results, and client/partner satisfaction
  • GTB Deposit Portfolio Reporting
  • Produce timely ad hoc and regular management reports to enhance decision making, focusing on results
  • Ensure reporting and data is complete, accurate, consistent and available on a timely basis
  • Consults as a deposit portfolio subject matter expert (SME) to ensure structured data is available for day-to-day use and for customized solutions/projects
  • Support financial mapping construction with Finance for new deposit initiatives and reconcile internal reporting to Finance for problem solving analysis
  • Contribute to GTB's deposit revenue through value-added portfolio analytic insights
  • Support the performance of the deposit portfolio, evaluating profitability including interest expense governance
  • Providing analytical production support, quantifying, evaluating profitability and documenting the effects of various initiatives
  • Apply different analytical techniques to answer key business questions (e.g. stress testing, cannibalization, behavioural analysis, regressive and parallel analysis)
  • Analysis of deposit data/MIS analytics to drive enhancements through analyzing pricing parameters and portfolio trending
  • Support and document existing/new Funds Transfer Pricing (FTP) methodologies
  • Manage application of FTP in conjunction with Group Treasury for existing/new products including incorporating new processes
  • Analysis and reasonability review of proposals prior to being implemented
  • Measure Net Interest Income and Net Interest Margin implications at the business line level, product level and client level as it relates to FTP and the underlying business strategies
  • Communicate insights that would impact the profitability at the GTB/business line level, product level and client level
  • Maintain strong relationships for Portfolio Management team across the organization
  • Establish a strategic network that can benefit the deposit objectives of GTB and the Business Lines
  • Seek and proactively build partnerships with key stakeholders; Systems & Technology, Group Treasury, Business Lines, Sales, Operations, Risk/Compliance, and Product
  • Generate opportunities to collaborate with other parts of the Bank to achieve results that would otherwise not be attainable
  • Collaborate with internal stakeholders/partners on strategic and/or tactical deposit initiatives in support of their business objectives
  • Other duties as assigned supporting ad-hoc assignments or special projects from Senior Management as applicable. Contribute to GTB and Business Line partners by delivering a high standard of customer service to Management, other groups and support departments, countries and external partners.
  • Performs day-to-day activities in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits.
  • Supports an environment that pursues effective and efficient operations in accordance with Scotiabank’s Values, and its Code of Conduct, 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.
  • Champions a high performance environment and contributes to an inclusive work environment

FAQs

What is the primary responsibility of the Senior Manager, Balance Sheet & Margin Management Initiatives position in GTB?

The primary responsibility of this position is to support business strategy updates, tactical plans, and communication materials for senior leadership, while enhancing production reporting, analysis, and institutional knowledge to optimize overall business performance.

What types of reports will the Senior Manager be expected to produce?

The Senior Manager will be responsible for producing timely ad hoc and regular management reports that enhance decision-making and focus on results, ensuring that the reporting and data are complete, accurate, consistent, and available promptly.

What kind of analytical support is required in this role?

The Senior Manager will provide analytical production support, including quantifying profitability, evaluating the effects of various initiatives, and applying different analytical techniques to answer key business questions, such as stress testing and behavioral analysis.

How will the Senior Manager engage with other departments within the bank?

The Senior Manager is expected to establish strong relationships and seek partnerships across various departments such as Systems & Technology, Group Treasury, Business Lines, Sales, Operations, Risk/Compliance, and Product to achieve collaborative results.

What qualifications are necessary for this role?

Candidates must have an undergraduate or graduate degree in Business or a quantitative discipline, alongside 7+ years of experience in the financial industry, particularly with non-personal deposit products, transfer pricing, and performance management.

What skills are important for the Senior Manager role?

Important skills include strong analytical capabilities, verbal and written communication skills, organizational skills, and polished interpersonal abilities to establish rapport and develop working relationships across diverse functional areas.

What knowledge should candidates have about the financial services industry?

Candidates should possess a thorough knowledge of the financial services industry, including regulatory trends and economic conditions, particularly as they relate to deposits and funding.

What is the significance of Funds Transfer Pricing (FTP) in this role?

The Senior Manager will support and document existing and new FTP methodologies, manage the application of FTP for existing/new products, and measure Net Interest Income and Margin implications at different levels of the business.

How does this role contribute to the bank's risk culture?

The Senior Manager performs day-to-day activities in alignment with the bank's risk culture and ensures adherence to operational, compliance, and conduct risk standards, contributing to effective and efficient bank operations.

What is the expectation regarding teamwork and environment culture?

The Senior Manager is expected to champion a high-performance environment and contribute to an inclusive work culture within the team and across the broader organization.

Finance
Industry
10,001+
Employees

Mission & Purpose

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