Director, Product Finance, Tangerine

1 week ago


Old Toronto, Ontario, Canada Scotiabank Full time
About the Role

The Director, Product Finance will play a key role in the Canadian Banking Finance team, contributing to the overall success of the organization. This position will be responsible for ensuring specific individual goals, plans, and initiatives are executed and delivered in support of the team's business strategies and objectives.

Key Responsibilities
  • Lead a small, high-impact team and report to the CFO of Tangerine.
  • Support strong rigor around Tangerine business line financials with direct accountability for business line results and forecasting for a $50Bn product portfolio and supporting over $1Bn in revenue.
  • Own all matters related to treasury, including distribution of product funds transfer pricing (FTP) rates from treasury to the business lines in order to support timely, comprehensive, and robust pricing decisions.
  • Support deep dives or additional requests into treasury-related, business lines or product questions as required and act as an advocate for Tangerine to ensure accurate value is being ascribed to all assets & deposits.
  • Present relevant financial updates to the Tangerine Board of Directors as required.
  • Actively work with Scotiabank Treasury, ensuring all relevant business updates are communicated, particularly where there are potential implications to bank funding.
  • Lead all matters related to treasury, including distribution of product funds transfer pricing (FTP) rates from treasury to the business lines in order to support timely, comprehensive, and robust pricing decisions.
  • Provide relevant financial updates to both Tangerine and Scotiabank senior executives as required.
  • Accountability for all business lines financial models to ensure latest business line inputs and economic assumptions are being used to derive the most accurate and up-to-date forecasts as possible.
  • Recommend pricing and other relevant recommendations in order to maximize shareholder value and build long-term sustainable competitive advantages within Tangerine.
  • Assist in developing front-end data visualization tools and dashboards in order to directly support the Tangerine Executive Leadership Team's ability to understand our financial results and make critical and timely business decisions.
  • Actively work toward ways to bring the Tangerine & Canadian Banking finance teams together, including use of secure technologies to enable easier and more automated flow of critical data and information between the two entities.
  • Provide support for Tangerine's finance technology roadmap in order to directly support rapid growth in Tangerine that is projected as the bank executes on its comprehensive 5-year growth strategy.
  • Provide support for finance risk and operations work, projects, regulatory initiatives, and all internal & external audit activities as required.
Requirements
  • Relevant experience at a financial institution in Treasury, Product, Economics or Finance roles.
  • Relevant experience at a financial institution, leading complex, multi-facet projects, process improvement initiatives, and/or technology roadmaps.
  • Experience interacting with senior executives on a regular basis.


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