Director, Deposit Portfolio Management, Governance

4 weeks ago


Old Toronto, Canada Scotiabank Full time

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

Global Transaction Banking

Global Transaction Banking (GTB) is the payments and transaction engine of Scotiabank. We support Small Business, Commercial and Corporate clients with effective treasury management solutions coupled with a best-in-class service model, making it easy for clients to do business with us.

As businesses build their digital capabilities and transform their operating models, their payment needs are evolving too. Boasting a unique global footprint, GTB’s comprehensive suite of innovative banking solutions help our business clients generate operational efficiencies, streamline and simplify payments, improve working capital performance, and mitigate financial risk.

At Scotiabank, we embrace your strengths, ideas, and ambitions. GTB is a fast-growing team with a focus on the Americas, particularly Canada, the U.S., Mexico, and we are seeking top tier talent to complement our organization.

Purpose
As a key member of the Global Business Deposits team, this role establishes portfolio level deposit objectives and contributes to the overall success of Scotiabank’s Global Transaction Banking (GTB) deposit portfolio by overseeing specific initiatives and ensuring they are executed/delivered in support of Business Line and All Bank business strategies and objectives. The Director is a key point of contact for Business Line partners on business deposits at the portfolio level: Global Banking & Markets (GBM), Canadian Banking (CB), Global Wealth Management (GWM), and International Banking (IB). In addition, this role works closely with other Directors on the Global Business Deposits team who are responsible for Product Management, Deposit Sales and Client Level/Relationship Deposit Pricing.

The incumbent possesses strong technical, financial, and analytical skills as well as the ability to communicate to a broad audience including Scotiabank executives. The incumbent also possesses leadership skills as well as strong knowledge of GTB products, services, and operations.

What You’ll Do:

  1. Champions a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
  2. Contributes to the development of Bank wide deposit strategies.
  3. Identifies and drives new revenue opportunities, reduced costs, and improved operational efficiencies.
  4. Directs in-depth portfolio analysis to identify underlying trends by segment/market.
  5. Identifies segment and/or market-specific opportunities for, or obstacles to, deposit growth.
  6. Strategically influences business partners (Group Treasury, Finance, Sales, and Business Line Management) to gain support for GTB deposit acquisition strategies.
  7. Represents GTB in cross-functional meetings with Finance, Group Treasury, and business partners.
  8. Lobbies internal and external stakeholders where required to obtain their buy-in and resources to proceed with projects.
  9. Provides business advice to Business Line partners and Group Treasury to optimize balance sheet within liquidity risk appetite.
  10. Leads the design, development, and production of key financial and strategic reports for the global business deposit portfolio.
  11. Leads presentations targeting internal audiences (e.g. senior executives).
  12. Analyzes financial performance and monitors appropriate performance measurement criteria and key metrics, providing insights to leadership.
  13. Leads development and production of annual profit planning for GTB’s Business Deposit portfolios.
  14. Oversees internal operational improvements in areas of responsibility to ensure management information needs are met.
  15. Has expert knowledge of OSFI Liquidity Adequacy Requirements.
  16. Funds Transfer Pricing (FTP) Management: reviews and maintains existing/new FTP methodologies.
  17. Data Architecture: supports and contributes recommendations for GTB’s deposit data infrastructure.
  18. Interest Rate & Margin Management support: contributes to GTB’s revenue through value-added portfolio analytics and insights.
  19. Champions a high-performance environment and contributes to an inclusive work environment.

What You'll Bring:

  1. Undergraduate or graduate degree in Business or quantitative discipline (e.g. financial analysis, accounting and/or risk concepts, engineering, mathematics, statistics, etc.)
  2. 10+ years’ experience in the financial industry with familiarity with non-personal deposit products, transfer pricing, margin analysis, liquidity risk, and performance management.
  3. Solid track record of seeing beyond the numbers to the effects on the business.
  4. Comprehensive understanding of multiple, complex data sources across the Bank.
  5. Experience with big data technology.
  6. Experience with Statutory, Regulatory, and Management reporting.

Work Arrangement:

  1. Work in a standard office-based environment; non-standard hours are a common occurrence. Limited travel domestically and globally.

Interested?
If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank

What's in it for you?
Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

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.

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