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Director, Retail Investments Product

3 months ago


Toronto, Ontario, Canada Scotiabank Full time

Requisition ID: 203052

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

As the Director, Retail Investments Product, you will be accountable for all aspects of Retail Investment product management, including P&L management, product strategy, pricing and offers, distribution and marketing (shared responsibility), and regulatory requirements. You will contribute to the overall success of the Retail Deposits and Investments business in Canada by ensuring specific individual goals, plans and initiatives are delivered in support of the team's business strategies, internal policies and procedures.

Is this role right for you? In this role, you will:

  • Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
  • P&L management: work with Finance partners to manage the Retail Mutual Fund Profit and Loss statement, including setting financial goals/targets and managing to those targets
  • Product strategy: partner closely with Asset Management on a Mutual Fund product shelf that provides a clear value proposition for prioritized segments and is simple for advisors and clients to understand. Continuously innovate to meet changing client needs and keep up with industry trends
  • Pricing and offers: partner with Asset Management on Mutual Fund pricing to support sales and revenue growth targets. Partner with Retail Customer Growth and Marketing to develop client-centric, investment offers that will support attainment of our growth targets
  • Distribution: partner effectively with distribution partners to deliver a best-in-class client and advisor experience. Partner with Retail Client Growth and Retail Branch Enablement to optimize and expand our leads and client engagement process
  • Marketing: partner closely with marketing to deliver our public facing campaigns to support attainment of our acquisition growth targets
  • Regulatory requirements: have a solid understanding of the regulatory environment under CIRO and work closely with Internal Controls partners, SSI's Chief Compliance Officer and SSI's Co-UDPs
  • Leverage data and analytics to understand client and market behaviours, working with distribution, marketing and analytics partners to build and maintain performance reporting trackers, and partnering with Wealth to monitor industry and portfolio trends to enable data-driven portfolio management
  • Play a key role in developing and executing a multi-year strategy to grow Scotiabank's Retail Investment business by partnering with multiple stakeholders across Retail Banking and Wealth Management
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions, while actively pursuing effective and efficient operations of your respective area in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles
  • Champion a high-performance environment and contribute to an inclusive work environment

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

  • Post-secondary education in a related field; Master's degree in Business Administration or Finance is preferred
  • Several years of related professional experience; payment and banking industry experience is an asset
  • Thorough knowledge of the Canadian financial services marketplace and solid understanding of the Retail Investments space, including product offerings, advice delivery models, competitive landscape and regulatory environment
  • Strong qualitative and quantitative financial analysis/research skills
  • Excellent written and oral communication skills, especially creating and delivering strong business focused strategic plans, and driving those plans to fruition
  • Proven relationship management skills with demonstrated seamless collaboration across multiple stakeholders, both internal and external

Location(s): 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.