Manager, FTP Production

Job title:

Manager, FTP Production

Company

Scotiabank

Job description

Requisition ID: 193927

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Manager, Funds Transfer Pricing is a key resource in the ongoing implemention and maintenance of the matched maturity Funds Transfer Pricing (FTP) system and processes within the Bank. The Manager will assume responsibility for ensuring the monthly and quarter-end production cycles are carried out in a timely manner. In addition, operational enhancements of current processes and incorporating new FTP methodologies and/or methodology changes will be a key component of the position. The Manager will work closely with our business partners, Group Treasury Funds Transfer Pricing team, and technology support team to develop / implement matched maturity FTP methodologies in the monthly production cycle and automate the methodologies through excel or in the system, ensure acuracy and establish controls in the system, develop Business Line reporting on a matched maturity basis, develop margin analysis and reporting within the new environment, and support the analytical needs of business line users. Continuous analysis and forecasting of the Funding Centre Net Interest Margin will be another key focus of the position. The Manager will also assume responsibilities to provide support to business line & product team to continuously identify both methodology and operational allignment issues between Funding Centre and all Business Lines. The Manager will also provide ad hoc support to the Bank’s Net Interest Income analysis and reporting. Ad hoc projects as requested are also common and require completion in a timely manner.

Is this role right for you? In this role, you will:

• Manage the day-to-day operation of the Matched Maturity Funds Transfer Pricing (FTP) System (BancWare). This includes ensuring processes are in place to receive data, process the monthly cycle, ensure controls are in place to catch potential errors, and produce outputs for downstream users (financial reporting, product pricing, margin analysis, etc). Enhance the Bancware system as required to accept and manage new data/applications needs, including testing any proposed changes;
• Provide support to FTP methodology enhancements and implementation, this includes and not limited to: work with technology partners on User Acceptance Testing and conduct impact analysis in Bancware, and ensuring results translated into appropriate FTP application; assess reasonability of incoming and outgoing Enterprise General Ledger (EGL) feeds; coordinate data receive and delivery among stakeholders
• Carry out the assessment of the completeness and accuracy of both existing and new data elements and the funds transfer pricing equation for various products / application systems. This involves working closely with the Divisional Comptrollers, Product Groups, systems developers and other subject matter experts.
• Ensure business line reporting on a matched maturity basis within Enterprise General Ledger (EGL) accounting system is complete and accurate. Assist Business Line Finance units with research and analysis to understand matched maturity business line results;
• Prepare and distribute weekly funding rates and funding rates forecast files.
• Prepare Funding Centre monthly and quarterly reporting package, perform Funding Centre Net Interest Income analysis, and provide support on Funding Centre forecast.
• Manage the set-up of the Margin Reporting and Analysis module to enable margin analysis at any level of the organization or product. This includes development of new reports to facilitate margin analysis at the product and business unit level;
• Manage multiple projects/initiatives on an ongoing basis that relate specifically to FTP as well as broader interest profit opportunities.

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

• Strong understanding of financial and management accounting principles, working knowledge of net interest margin analysis; working knowledge of funds transfer pricing concepts and methodologies are preferred;
• Excellent analytical, conceptual, and problem-solving skills, that enables for providing proactive comments and recommendations;
• Ability to effectively prioritize and handle multiple initiatives with varying degrees of urgency and differing deadlines;
• Working knowledge with Enterprise General Ledger (EGL) EGL accounting system and/or Oracle Power BI (OBI) is preferred.
• Strong communication skills (written & verbal) and interpersonal skills, with an ability to establish and form solid relationships with a variety of stakeholders, including peers, Divisional Comptrollers, Executives and external consultants;
• Strong computer literacy and data management skills, working knowledge of Python and SQL is preferred.
• Strong attention to detail and organizational skills.
• University level Business/Finance Degree preferable.
• Minimum 5 years experience in a Financial Institution.
• Excellent knowledge of the Bank’s product offerings.

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.

#scotiafinancejobs

Location(s): Canada : Ontario : Toronto

Scotiabank 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, 24 Feb 2024 06:39:46 GMT

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