Manager, FP&A Lead - Capital Markets

Global Banking and Markets Overview 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 and 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 Member of US GBM Financial Planning and Analysis (FP&A) team. Position is responsible for all aspects of planning and analysis for assigned GBM Line(s) of Business (LOB’s). The position provides planning, forecasting and management reporting support to the LOB’s and FP&A team. Key responsibilities include formulation and coordination of annual plan, periodic forecasts, and analysis to assist senior management in business decision making. The Manager, FP&A Lead will ensure that specified goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives and all activities are conducted in compliance with governing regulations, internal policies, and procedures. The Manager, FP&A Lead reports to the Head, FP&A Management Reporting. Accountabilities Assist in coordinating and compiling the annual plan and periodic forecasts, and assess reasonability of targets provided by the LOB’s Review and challenge LOB’s assumptions for plan and forecast targets Ensure plan and forecast information are updated into the systems / tools to ensure timely review and submission to satisfy global timelines. Review periodic pipelines of deals Handle Business line queries on revenues, balance sheet, projects, and expenses Review Daily MIS P&L for reasonability, completeness, and unusual items. Analysis of monthly and quarterly results including variance analysis to prior periods and robust commentary that is agreed / confirmed with the business. Compile / develop / review financial analysis and commentary for inclusion in the US GBM Quarterly Management Report (QMR), Monthly Business Report (MBR), and information packs for the US Executive Committee (ExCo), SHUSA Board or other management needs as may be required. Review and liaise with the business lines on business cases being submitted Assist in developing financial models to incorporate revenue, balance sheet, and other metrics for planning, forecasting, and performance measurement Culture / Team Environment The FP&A manager contributes to a client-focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge; contributes to a team environment to produce creative and value-added strategic analysis Management Reporting Assist with the design, enhancements, and development of management reporting and metrics, and maintaining operating procedures; Influence and contribute to the continuous improvement of the planning process Financial Forecasting and Planning 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 Strategic Initiatives Develop recommendations and analysis related to the execution of strategic initiatives Strategic Partner to Business Line Provide analysis, support and counsel to business line management related to management reporting Management Information Systems Work collaboratively with other stakeholders in GBM to access management information systems required to perform the duties of the position Ad Hoc Requests Support ad hoc requests from Executive Management, auditors, regulators, ratings agencies, research analysts and other external parties as required Dimensions The position is responsible for the annual plan and periodic forecasts, assess reasonability of targets provided by the LOB’s and provides challenge of assumptions The incumbent exhibits strong relationship skills, the ability to represent US Finance at senior level meetings and at committees, and has the ability establish confidence with senior executives. Education MBA or MS in Finance or Accounting. Professional accounting designation is an asset. Experience & Skills 5+ years of financial planning and analysis experience. Creative design and implementation capabilities to develop FP&A management reporting program. Knowledge in financial accounting (U.S. GAAP and IFRS), statutory and other complex accounting principles, P&L reconciliations, profitability analysis, ABC costing models, performance management models (Balanced Scorecard), and knowledge of financial and accounting models is required. Understanding of risk management concepts. Track record in supporting systems of internal controls. Understanding of capital markets business lines, financial reporting process, compliance policies, performance measurement, planning & analysis, service standards, and legal & regulatory requirements. Good presentation and communication skills and proven ability to provide insightful and influential analysis to Executive Management. Strong ability to balance competing or conflicting goals of various departments/stakeholders, requiring a mature, diplomatic approach with good negotiation and influencing skills. A demonstrated ability to work in a team environment under tight deadlines. Working Conditions The position reports directly to the Head, FP&A Management Reporting Regarding external relations, serves as the formal channel for the development, coordination, and delivery of management reporting information requirements for the Bank. Must have a willingness to travel for business purposes. 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. #GBM Location(s): Dallas, TX 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. #J-18808-Ljbffr