Senior Manager, Canadian Wealth Management Finance

Senior Manager, Canadian Wealth Management Finance

Requisition ID: 247316

Reporting to the Director, Canadian Wealth Management Finance, the Senior Manager manages the financial analysis and reporting functions for Private Investment Counsel (PIC) and Scotiatrust Business Lines of Global Wealth Management. The incumbent is accountable for the integrity and comprehensive timely analysis of the monthly/quarterly results, quarterly forecasts, and annual profit plan for submission to Wealth Management & Finance and the operationalization and administration of various complex incentive compensation plans related to the above business lines.

In this role, you will:

- Direct and manage annual Profit Plan and quarterly forecast processes for Private Investment Counsel (PIC) and Scotiatrust:

- Ensure timely submission of Annual Profit Plan for both PIC & Scotiatrust including analysis of all major revenue and expense categories.

- Maintain/enhance the planning tools distributed to the Businesses for capturing detailed submissions and the analysis of all major revenue and expense categories.

- Recommend financial models and set target levels and/or strategic benchmarks to Wealth Management business heads and management.

- Prepare quarterly, whole year revenue and expense forecasts for submission to Wealth Management and Finance.

- Prepare the annual 3 Year Strategic Plan and the related stress testing scenarios.

- Direct and manage the monthly, quarterly, and annual financial management reporting, maintaining effective control and ensuring timely and accurate information is reported to Finance & GWM Management:

- Coordinate the preparation of the monthly business line operating results, business line metrics & performance reports.

- Coordinate the monthly preparation & submission of expense & revenue accruals where necessary.

- Complete financial results, key measures, and commentary.

- Coordinate the completion of Investor Economics surveys along with other market surveys as required.

- Complete quarterly Blue Book along with various Revenue & Expense reporting, variance analysis, and commentary for submission to Finance & GWM Senior Management.

- Act as an advisor to the business heads of GWM/CWM as well as provide support and act as a liaison with Finance as required.

- Work with the CWM business heads to provide/create product/customer profitability analytics in support of strategic business decisions, designing and developing financial models.

- Define changes required and/or implement continuous improvement regarding various systems and databases used for reporting (PeopleSoft, EGL, MS Access, Excel).

- Manage the calculation and administration of complex variable compensation plans for PIC:

- Work with PIC Management to ensure accuracy of source data.

- Ensure the compensation plans are implemented as designed.

- Direct and manage team members in the calculation of the compensation amounts.

- Put forward the Finance position to cross functional team when creating or altering plans.

- Provide back testing results to the cross-functional team for major changes to the plans.

- Provide strong leadership:

- Ensure expectations, accountabilities, objectives and goals are negotiated, communicated and monitored for direct reports.

- Ensure employee development plans are in place and complete performance reviews for all direct reports.

- Ensure fair and equitable treatment of employees in keeping with the bank’s guidelines and principles.

- Address performance/conduct issues promptly through proper documentation/discussion, escalating when appropriate.

- Create and encourage open lines of communication for all staff.

- Design, establish and maintain an organizational structure and staffing strategy to accomplish the department’s goals and objectives.

Qualifications

- Accounting designation (CMA, CGA or CA) or MBA and/or 5 years related work experience is required.

- Proficiency in database management software such as Access and Excel.

- Excellent financial analysis skills with a solid grasp of bank profitability and performance measurement tools and demonstrated ability to conceptualize problems and apply analytical techniques for evaluating investments to provide sound financial recommendations to Senior Executive.

- Strong organizational, managerial, interpersonal and communication abilities to direct varied activities within tight deadlines, alleviate conflicts and liaise with senior management.

- Equitable human resource management and good people skills to foster a positive work environment that values teamwork.

- Superior influencing skills with excellent interpersonal, written and verbal communication, and negotiation skills to build consensus and obtain cooperation.

- Exemplary customer service, including professional advice and creative solutions.

- Some overtime (evenings and/or weekends) may be required due to tight deadlines.

What’s in it for you?

- In‑depth training to prepare you for the role, as well as ongoing coaching and feedback.

- You’ll be part of a diverse, collaborative, innovative, and high‑performing team.

- Competitive rewards package, performance bonus, Employee Share Ownership Program, and Pension Plan Matching.

- Health benefits from day one.

- Work‑life balance, team events, and community involvement opportunities.

- Career development and progression opportunities.

Location: Canada – Ontario – Toronto

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