Requisition ID: 263897
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Contributes to the overall success of Technology Finance in Canada ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. The Senior Financial Analyst is responsible for supporting the Technology Finance team to manage the Business Line allocation and service reporting of technology costs, including actuals, forecast and budget and related variance analysis for use by Executive Management for informative and decision making purposes. This includes ensuring that finance and accounting functions satisfy established regulations and procedures, and accurately reflects the financial position of the company. The incumbent is expected to assist in identifying key factors that affect departmental efficiency and escalating anomalies that affect same. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.
Is this role right for you? In this role you will:
- Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
- Responsibilities include managing all aspects of the maintenance of an allocation model, inclusive of accurate and detailed financial reporting as the basis for Global Technology Area's planning, tracking and management of technology costs.
- Production and analysis of IT cost allocations based on sound activity-based costing principles
- Establish and operationalize effective controls to ensure the completeness and accuracy of resultant information, ensuring that results adhere to accounting principles; are accurately reflected in the general ledger, plan and forecast; and that cost drivers are correctly applied
- Manage and perform analysis on large volumes of data, build cost and driver models to provide support to Business Lines.
- Prepare monthly reporting to support the Bank's utilization of IT resources in a timely manner
- Provide insightful written analysis of Business Line results by comparing to forecast, budgets and prior periods
- Perform value added ad hoc support for the Business Lines and Technology
- Demonstrate creativity by championing new and innovative approaches of utilizing information for improved decision making and development of key metrics/reports
- Ongoing refinements to the activity-based allocation methodologies used for actuals, forecast and budget
- Maintain documentation for operating procedures and identify opportunities to implement process improvements
- Perform annual review of drivers with Technology and the business lines
- Build partnership across departments to obtain support in providing financial insight
- Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Do you have the skills that will enable you to succeed in this role? We’d love to work with you if you have:
- A recognized undergraduate degree in Computer Science, Business Administration or related discipline or equivalent qualification is required (IT and/or Accounting Degree preferred)
- Advanced Excel skills (including pivot-tables, lookups, advanced formulas) is a must
- Familiarity with Excel Power Pivot/ Power BI would be an advantage
- Proficiency in financial analysis with proven analytical skills (attention to detail is critical)
- Experience managing large volumes of data and translating the data into meaningful message
- Organized, needs to follow up with many people and maintains data up to date
- Very good inter-personal skills with ability to work effectively with colleagues and internal/external customers
- Solid organizational skills with ability to provide high quality output during constrained timelines
- Strong verbal and written skills, as this position will have interaction with management up to VP level
- Attainment or working toward CPA and/or MBA
What’s in it for you?
- A rewarding career path with diverse opportunities for professional development
- An organization committed to making a difference in our communities – for you and our customers.
- A competitive rewards program includes annual bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
- Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
- Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.
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 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.