City : New York City, NY, US, 10281

Category : Business and Financial Operations

Industry : Financial Services/Banking

Employer : Scotiabank

Requisition ID: 211000

 Salary Range: 90,000.00 - 167,200.00 

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

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

Global Banking and Markets
 

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. 

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.  

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries!  We work together to drive ambition for every future! 

Purpose
 

The Manager, U.S. FP&A Lead- Management Reporting is responsible for the delivery of value-adding and insightful information and analytics to senior management. Further responsibilities include the design and development of the suite of management reporting to ensure these are fit for purpose and are addressing the needs of stakeholders. The position requires regular collaboration with the U.S. and global FP&A team members to ensure business performance and narratives are accurately reflected in the management reports.

As the Management Reporting Lead, you are expected to identify and challenge, as necessary, any inconsistencies in the numbers or narratives that are identified and must ensure that all activities conducted comply with governing regulations, internal policies, and procedures. Reporting commitments include the Monthly Business Report to the U.S. senior leadership; U.S. Executive Committee and the SHUSA Board reports, regulatory updates for the CFO, and ad-hoc reporting as may be required.

You will also coordinate the delivery of the annual profit plan reports to senior management, ensuring that the narratives are consistent with the financial projections, and that the reports reflect the latest available projections from the business and other stakeholders. This will require proactive engagement with group FP&A and the COO teams to ensure all stakeholders are collectively aligned. Furthermore, the Management Reporting Lead must ensure that inputs and analysis provided by the FP&A Director, the U.S. GBM Controller, and the U.S. CFO are reflected and reporting commitments are met.

The Management Reporting Lead is also tasked with enhancing the team’s capabilities to complete deliverables, improve controls, and reduce production time by incorporating new technology and tools into the existing reporting framework.

What You’ll Do 

• Coordinate and lead the production of management reporting

• Maintain all financial models and corresponding files leveraged in the management reporting process

• Develop and improve management reporting content in alignment with business strategies and objectives

• Manage, develop, and design the reporting package for the annual planning process 

• Develop and maintain procedures for management reporting 

• Contribute to development of new analysis across P&L, Balance Sheet, and KPI’s 

• Leverage Bank relationships, new technologies & systems, and knowledge to execute and improve core responsibilities

• Contribute to a client-focused culture to leverage broader Bank relationships, systems, and knowledge; contribute to a team environment to produce creative and value add strategic analysis

• Design, enhance and develop management reporting and metrics, and maintains operating procedures; Influence and contribute to the continuous improvement of the planning process

• Work with Business and Functional partners to prepare and update bottom-up financial plans, forecasts, and other forward-looking financial reviews, identify issues, and provide commentary to align financial projections to balance sheet, capital, and risk appetite

• Develop recommendations and analysis to support stakeholder decisions that impact P&L, Balance Sheet, and Legal Entities

• Provide analysis, support and counsel to business line management related to management reporting, planning, and forecasting

• Work collaboratively with other stakeholders in GBM to access management information systems required to perform the duties of the position

• Support ad hoc requests from Executive Management, auditors, regulators, ratings agencies, research analysts and other external parties as required
   

   

   

What You’ll Bring 

• Bachelors degree required. CPA/MBA preferred

• 5-8 years of verifiable progressive experience of financial planning and analysis, ideally within the Financial Services sector

• Knowledge of inter-relationships between business lines and legal entities, particularly in large scale, complex organizations  

• Experience with management reporting of revenues, expenses, balance sheet, resources across business lines and entities.  Business Case preparation and cost benefit analysis experience a plus 

• Skilled in the preparation and presentation of financial results, variances, commentary and management information

• Knowledge of Commercial Banking and Capital Markets products a plus

• Knowledge of planning and reporting tools such as Hyperion Essbase, Anaplan and/or Power BI, and familiarity with the toolset typical of a Finance / accounting department

• Ability to develop strong relationships to gain the confidence of stakeholders

• Strong verbal and written communication skills to interface between finance and other support communities and document requirements and solutions for process improvement

• Proven ability to work well under pressure and handle multiple projects and initiatives simultaneously.

   

   

Interested? 

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. 

What's in it for you?

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. 
 

Location(s):  United States : New York : New York City

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 click here. 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.