Director, Corporate Functions Reporting and Allocation Governance

Job title:

Director, Corporate Functions Reporting and Allocation Governance

Company

Scotiabank

Job description

Requisition ID: 208003Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.The Director, Corporate Functions Reporting and Allocation Governance, will be responsible for content and processes that have a direct impact on delivering the Bank’s strategy. The Director is responsible for managing and continually enhancing the consolidation & analysis of Corporate Functions (CF) financial planning, forecasting, and reporting creating consistency across Functions, simplification and continuous improvement. This role involves ongoing review of Corporate Function expenses and allocations to Business Lines, and provides transparency and highlights expenses that can be influenced. The role presents and interacts heavily with Senior Executives across the Bank. The ideal candidate will leverage presentation skills, communication and strategic influencing skills, analytical skills, and have experience implementing continuous improvement.Is this role right for you? In this role, you will:

• Enhance Executive Reporting: Develop and enforce standardized reporting to ensure consistency across Corporate Functions, leveraging visualization tools.
• Data-First Mindset: Analyze financial data to uncover trends, variances, and opportunities for improvement, providing actionable insights to management.
• Stakeholder Collaboration: Work closely with the Corporate Function and Business Line finance teams to understand their needs and to gather and distribute information and address any discrepancies and questions. Sustain strategic relationships and collaboration within and across the Finance Community and the Bank, including business partners (Corporate Functions and CFOs) and key stakeholders (BLs, Executive Management).
• Improve Finance Transparency: Establish ongoing process for allocation review with a focus on improving transparency of support allocations to the Business Lines. Build reporting to advise and coach the CF senior management teams on the financial impact of their function on the business lines.
• Increase Automation: Collaborate with GFT and Corporate Function finance teams to enhance financial tool readiness and load times and build calendar to support planning, forecasting and reporting cycles. Leverage automation tools as appropriate.
• Process Improvement: Identify opportunities for improving financial reporting processes, implementing best practices, and streamlining workflows to enhance efficiency and accuracy.
• Continuous Monitoring: Monitor the effectiveness of implemented improvements and adjust strategies as needed. Create and maintain a proper framework that will ensure all items raised are addressed and closed.
• Ad-Hoc Financial Analysis: Support ad-hoc executive requests for reporting and analysis
• Leadership & Culture: Build a high-performance team and implement a people strategy that attracts, retains, develops and motivates employees by fostering an inclusive work environment, using a coaching mindset and behaviours, communicating vison/values/business strategy; and, managing succession and development planning for the team.
• Create an environment in which the team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values and its Code of Conduct 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.

Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:

• Consulting experience an asset
• Strong presentation skills – ability to distill large amounts of financial information into compelling, clear, transparent and insightful reporting for audiences of different levels
• Deep data analysis and visualization tools skills and knowledge (Excel, PowerPoint, Power BI, Alteryx, etc)
• University degree in Accounting, Finance or similar discipline
• Strong analytical, problem-solving and organizational skills with the perspective of continually seeking opportunities for improvement
• Ability to sustain a broad-based knowledge of the Bank and corporate functions strategy, operations, policies and procedures and make recommendations to support strategy development and execution
• Strong interpersonal skills, ability to communicate appropriately with senior Bank executives
• Demonstrated ability to engage and inspire a team, lead change and coach for performance and development
• Ability to work independently and manage multiple tasks and set priorities and meet deadlines

What’s in it for you?

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.

#scotiafinancejobsLocation(s): Canada : Ontario : TorontoScotiabank 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, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please . Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

Expected salary

Location

Toronto, ON

Job date

Sat, 28 Sep 2024 22:10:30 GMT

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