Pension and Absence Management Executive

3 weeks ago


Toronto, Ontario, Canada Scotiabank Full time
About the Role

We are seeking a highly skilled and experienced Senior Manager to lead our Pension and Benefits Delivery team at Scotiabank. As a key member of our Human Resources department, you will be responsible for overseeing the delivery of our Canadian Benefits Plan, Absence Management, and Global Retirement and Savings Plans.

Key Responsibilities
  • Lead and drive a customer-focused culture throughout the team to deepen internal client relationships and leverage broader Bank relationships, systems, and knowledge.
  • Partner with Pension and Benefits COE, Legal, and all other business lines on the delivery of pension and benefits.
  • Promote and deliver the Canadian Benefits Plan, Absence Management, and wellbeing programs.
  • Oversight and management of retirement and savings plan employee communications, including facilitation, promotion, and delivery of the Bank's retirement and savings plans.
  • Manage vendor relationships for the Canadian and US Pension Plans (Buck, Manulife, Mercer, Aon, and T. Rowe Price) and ESOP/GESOP.
  • Manage and coach a specialized team to identify and drive quality service and continuous process improvement in the administration of the Bank's benefits plan, absence management, retirement, and savings plans.
  • Provide technical subject matter expertise, thought leadership, and advice to internal stakeholders in the delivery of the Bank's retirement programs by applying internal policies and industry standards.
  • Manage the US annual audits completed by KPMG, along with the production of the audited financial statements and filing of the Form 5500's.
  • Support the Bank's M&A activities by acting as a benefits, retirement, and savings SME and coordinating onboarding/exits of employees into the applicable plans.
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Create an environment in which the team pursues effective and efficient operations of their respective areas in accordance with Scotiabank's Values, its Code of Conduct, and the Global Sales Principles, while ensuring the adequacy, adherence to, and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions, and conduct risk.
  • Build a high-performance environment and implement a people strategy that attracts, retains, develops, and motivates the team by fostering an inclusive work environment and using a coaching mindset and behaviors; communicating vision/values/business strategy; and managing succession and development planning for the team.
Requirements
  • Proficiency in Spanish is required.
  • Experience in benefits and absence management administration, understanding of total rewards programs, and human resources policies, practices, and standards.
  • Experience in directing the activities and resources (internal and external) associated with the administration functions of multi-jurisdictional defined contribution retirement and savings programs.
  • Strong knowledge of Canadian federal/provincial and US pension legislation and tax legislation.
  • Strong understanding of Canadian and U.S. pension environment, including competitor/industry/regulator pension and savings plans practices, with the ability to maintain an industry network.
  • Strong analytical and problem-solving skills and ability to perform in-depth analysis.
  • High degree of initiative and sound judgment.
  • Excellent oral and written communication skills.
  • Strong computer skills (Microsoft Excel and Word).
  • CEBS is an asset.


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