Requisition ID: 239168
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
The Director leads financial planning, performance management, and strategic advisory for the GTB business line, ensuring alignment with Canadian Banking objectives. The Director is responsible for overseeing all financial aspects of the GTB division, including financial planning and analysis, performance management, capital allocation, risk oversight, and strategic decision support.
The Director will partner closely with the Senior Canadian Banking (CB) executives and leadership teams, providing critical financial insights, supporting the planning process, and coordinating efforts across multiple geographies. This role will lead financial reporting initiatives, ensuring accuracy, timeliness, and compliance with regulatory standards.
The incumbent will drive the overall success of the GTB Finance team by executing key goals, plans, and initiatives aligned with the team’s business strategies. All activities will be conducted in strict compliance with governing regulations, internal policies, and procedures.
Accountabilities
Analysis:
- Strategic Business Partnership: Serve as the primary finance advisor to GTB Canadian Banking leadership, providing insights and recommendations to drive business performance and strategic decision-making.
- Financial Planning & Analysis (FP&A): Lead the annual planning, forecasting, and monthly performance review processes for GTB within Canadian Banking.
- Evaluate financial performance by supporting and monitoring key metrics and performance measurement criteria. This includes delivering detailed analysis for Forecasts, MD&A, Stress tests, investor Presentations, Board Slides, Quarterly Reporting, Supplementary Reports, and Senior Management Scorecards.
- Collaborate with the Canadian Banking Finance and Business teams to assess financial performance and identify opportunities for improvement.
- Conduct in-depth financial analysis provide to provide actionable insights to senior management regarding the division’s business performance.
- Develop and monitor financial models for ad-hoc analyses, consolidating data to review variances, trends, or sensitivity analyses.
Advisory:
- Advise local Finance teams to ensure methodology and processes align with best practices and organizational goals.
- Coordinate with country specialist teams to ensure analysis and reporting of segment trends and results are consistent.
- Work closely with the Strategy team to provide necessary financial analysis and data for strategic deliverables.
Control:
- Liaise with GTB FP&A Director, CB Segment Finance Leads to ensure the accuracy and consistency of financial data.
- Ensure the integrity and reliability of financial results and oversee the timely completion of financial reporting processes.
Other:
- Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
- Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Dimensions
- Oversees all finance matters for GTB across all segments within Canadian Banking: Business Banking Small Business, Commercial among others.
- Canadian Banking revenues at $1,212MM YTD
- NII at $889MM YTD
- NIR at $324MM YTD
- Canadian Banking deposits at $123Bn YTD
- Commercial Banking revenues at $519MM YTD
- Small Business (Business Banking) revenues at $677MM YTD
- GTB Forecast presentations
- Strategic outlook presentations
- Annual Profit Plan
- Monthly Forecasts
- Quarter end deliverables (analysis, consolidation, and presentation)
- GTB results – Adjustment/Management Layers review and/or maintenance
- Regulatory Bodies – Stress Testing
- Improvements projects
- Ad Hoc Requests
- Business coverage: Global Transaction Banking – Canadian Market
- Key stakeholders: GTB Leadership, Canadian Banking Executives, Risk, Treasury, Corporate Finance
- Decision-Making Authority: High – Strategic input on financial planning, investments, and performance
- Oversight of GTB Canadian Banking plan (>$1.5B in Revenue)
- Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, 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.
Education / Experience / Other Information
Education:
- Bachelor’s degree in finance, Business, Economics, Accounting, or related fields
- MBA or Master’s in finance is an asset
- CFA, CPA, or other designations are an asset
Work experience:
- Minimum 8-12 years of work experience
- Strong understanding of GTB products and Canadian banking landscape
- Minimum 2 years in senior roles
- Banking or financial services experience
- Experience in financial reporting, planning, analysis
- Proven leadership and stakeholder management skills
- Highly familiar with accounting practices, taxation, and transfer pricing
- Excellent communication (written, verbal as well as presentation) skills;
- Excellent computer skills – Proficient in Excel (advanced modelling, macros, VBA)
Working Conditions
- Work in a hybrid office/remote based environment; non-standard hours are a common occurrence. Minimal Travel
- required.
Location(s): Canada : Ontario : Mississauga jobsnearcanada.comjobsnearcanada.com 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.
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