Deposit Portfolio Management Director

1 day ago


Toronto, Ontario, Canada Scotiabank Full time
Job Summary

We are seeking a highly skilled and experienced Deposit Portfolio Management Director to join our team at Scotiabank. As a key member of our organization, you will be responsible for leading the development and implementation of deposit strategies that drive business growth and profitability.

Key Responsibilities
  • Champion a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
  • Contribute to the development of Bank-wide deposit strategies.
  • Identify and drive new revenue opportunities, reduced costs, and improved operational efficiencies.
  • Direct in-depth portfolio analysis to identify underlying trends by segment/market.
  • Identify segment and/or market-specific opportunities for, or obstacles to, deposit growth.
  • Strategically influence business partners (Group Treasury, Finance, Sales, and Business Line Management) to gain support for GTB deposit acquisition strategies.
  • Represent GTB in cross-functional meetings with Finance, Group Treasury, and business partners (i.e., monthly ALCO meetings, Deposit Leadership forums, and Deposit Portfolio Oversight Committee).
  • Lobby internal and external stakeholders where required to obtain their buy-in and resources to proceed with projects.
  • Provide business advice to Business Line partners and Group Treasury to optimize balance sheet within liquidity risk appetite.
  • Lead the design, development, and production of key financial and strategic reports for the global business deposit portfolio, including product, segment, and country profitability, performance, and sales results.
  • Lead presentations targeting internal audiences (e.g., senior executives).
  • Analyze financial performance and monitor appropriate performance measurement criteria and key metrics, providing insights to leadership.
  • Analysis of results includes monthly and quarterly results, Bluebook, forecasts, annual plan, business line dashboards, monthly presentations, among others.
  • Lead development and production of annual profit planning for GTB's Business Deposit portfolios.
  • Oversee internal operational improvements in areas of responsibility to ensure management information needs are met.
  • Has expert knowledge of OSFI Liquidity Adequacy Requirements: Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), and Net Cumulative Cash Flow (NCCF).
  • Funds Transfer Pricing (FTP) Management: reviews and maintains existing/new FTP methodologies.
  • Data Architecture: supports and contributes recommendations for GTB's deposit data infrastructure.
  • Interest Rate & Margin Management support: contributes to GTB's revenue through value-added portfolio analytics and insights.
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Actively 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.
  • Champions a high-performance environment and contributes to an inclusive work environment.
Requirements
  • Undergraduate or graduate degree in Business or quantitative discipline (e.g., financial analysis, accounting, and/or risk concepts, engineering, mathematics, statistics, etc.).
  • 10+ years' experience in the financial industry with familiarity with non-personal deposit products, transfer pricing, margin analysis, liquidity risk, and performance management.
  • Solid track record of seeing beyond the numbers to the effects on the business.
  • Comprehensive understanding of multiple, complex data sources across the Bank.
  • Experience with big data technology.
  • Experience with Statutory, Regulatory, and Management reporting.
Work Arrangement

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

#LI-Hybrid

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

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are, and, embraced for their differences. That's why we work to grow and diversify talent and engage employees in a performance-oriented culture.

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.



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