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Vice President, Business Development

3 months ago

Halifax, Nova Scotia, Canada Scotiabank Full time

Requisition ID: 171298

Dynamic Funds is a wholly owned subsidiary of Scotiabank, headquartered in Toronto.

Dynamic Funds was established as a small investment club in Montreal in 1957, where it was a pioneer in providing professional investment advice to retail investors.

Since then, we have evolved to become one of Canada's most recognized wealth management firms. We offer a comprehensive range of products and services, spanning every major sector, geographic region and investment discipline. Our financial solutions include open and closed-end investment funds, fee-based, tax-advantaged and customized high-net-worth programs

Dynamic Funds is one of Canada's most recognized wealth management firms. We offer a comprehensive range of products and services, spanning every major sector, geographic region and investment discipline. Our financial solutions include mutual funds, ETFs, fee-based, tax-advantaged, and customized high-net-worth programs.


Reporting directly to the Regional Vice President, the Vice-President, Business development will work within the assigned territory to generate sales and develop new business along with servicing and managing existing clients about Dynamic products and services.

In addition, the role will provide leadership and mentoring support to the Inside Sales Representative that is assigned to the territory.

The individual is also expected to perform all follow-up duties for their own activities with support from the Sales Associate responsible for servicing the territory.


Purpose of Job:

  • Manage a defined territory to generate sales and develop new business
  • Lead by establishing long lasting relationships, servicing existing clients and prospecting for new ones.
  • Use their indepth knowledge of our products, their practice management skills and their interpersonal skills to increase sales and retain assets.

Key Accountabilities

  • Arrange oneonone, group and/or branch meetings with financial advisors to promote company products and services (20 meetings a week);
  • Assign daily tasks to the ISR and the SA for follow up;
  • Schedule and Host Events, Roadshows and Manager Meetings;
  • Develop a strategic business plan for the year and reviews it quarterly with the team to increase sales from advisors within the territory;
  • Segmentation of the client base to define the service levels and to ensure sales from various distribution channels and firms ;
  • Maintain and service client relationships using territory rotations in order to increase sales and diversify our product usage;
  • Make daily calls to clients who purchase or redeem above the set targets;
  • Submit expenses and maintain the overall budget for the region. This includes approving coop requests, charitable donations, promotional items and quarterly ticket/ meal allocations;
  • Data Mine using the Diagnostic Selling Process & Populate the CRM system with all the information retrieved during meetings;
  • Respond to client inquiries and follow up on leads from the ISR;
  • Generate and develops new business relationships;
  • Mentor the ISR through continuous coaching and feedback.
  • Present to advisors on new products, business building ideas, and taxplanning strategies;
  • Work extensively and within a supportive team environment to meet and/or exceed company sales objectives (sales rep & sales associate); and
  • Involved in special projects as required
  • Incumbents must adhere to Scotiabank Global Sales Principles and understand how the Bank's risk appetite and risk culture should be considered in daytoday activities and decisions

Skills and Experience:

  • Minimum bachelor's degree in a field such as commerce, finance, business administration;
  • Record of progression into roles with increasing responsibility within the financial services industry;
  • Minimum 5+ years of sales experience;
  • Minimum 5+ years of experience managing a territory.
  • Completion of CSC and/or IFIC certification;
  • Individual contributor who excels in a team environment;
  • Basic knowledge of MS Office (i.e. Excel, Word & Outlook);
  • Experience working with Customer Relationship Management systems;
  • Detailoriented with strong timemanagement skills;
  • Strong public speaking and presentation skills;
  • Ability to keep uptodate on past, current and future trends in the financial services industry;
  • Proactive, selfstarter with the ability to use their initiative in maximizing sales; and
  • Ability to travel extensively.
Location(s): Canada : Nova Scotia : Halifax