Requisition ID: 267519
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
Capital Management is one of the key strategic priorities of the Bank. The incumbent will be a critical member of the Capital Policy and Planning team and will support processes that provide capital relevant information to Executive Management to assist them in making strategic decisions that impact the Bank. This will require the incumbent to build, enhance and maintain appropriate data that is integrated with other information used for decision-making purposes and for periodic reporting to OSFI. A key requirement of this role will be to provide support to the Director Capital Policy and Planning and the VP Capital Management to respond to leadership requests for capital related analysis/information, on an as-required and time-sensitive basis.
Is this role right for you? In this role you will:
Forecasting and Planning - Methodology and Model Development:
- Provide analytic skills to challenge Capital forecast assumption and provide firmer methodology background for analytical models. Support calibration of complex capital allocation parameters (e.g. for Client Profitability Calibration tied to Forecasts)
- Connect to new FRM team under Group Treasury to align on methodology and approaches for optimizing Financial Resource Management and Allocation.
- Provide support for Capital Forecasting to be scoped in formally for Model Governance (under E-23).
- Improve Automation of Capital Forecasting Process and BCAR Validation Processes.
Forecasting and Planning – Execution and Reporting:
- Provide Support for team on regular activities: Develop, enhance and maintain capital forecasting models for the Bank's monthly forecasts, OSFI quarterly multi-year forecast, Enterprise-Wide Stress Testing (EWST), Recovery and Resolution plans and Internal Capital Adequacy Assessment Report (ICAAR). This includes coordinating with multiple stakeholders to obtain inputs, compiling data from many sources (spreadsheet based), performing complex calculations, summarizing Capital and Risk Weighted Assets (RWA) impacts and performing analysis to assess impact under Basel III and other applicable regulatory requirements.
- Prepare summaries and presentations to Senior Executives to illustrate capital and RWA information, changes and drivers; Provide analytic support to respond to senior executives’ questions and/or what-if scenarios; and address any requests for expanded information from, OSFI or other regulatory bodies.
- Leverage data and analytics to provide insightful summaries and presentations for the impact of capital or RWA movements, regulatory changes, acquisitions and what-if scenarios on capital ratios.
- Enhance and maintain Business Lines Risk Weighted Assets (RWA) reports and track RWA growth and impact on capital ratio; and migrate the reporting data to a Power BI and/or other platforms for Business Lines consumption.
Support to Partners:
- Establish strong partnership within relevant departments across the Bank to ensure that assumptions are current and accurate and deliver promptly capital ratios’ projection.
- Work closely with Strategic Transaction Review to support the Bank's acquisitions/divestitures/restructuring initiatives through the preparation of scenario analysis for capital ratio impact and plausible stress scenarios; and work closely with Group Treasury - Term Funding to ensure alignment with bank funding and provide frequent updates to executive management.
Operational Efficiency and Continuous Improvement:
- Implement best in class data management practices and continuously strive to improve, simplify and streamline forecasting models and process. Refine forecasting models and data repositories to ensure clarity of complex calculations and assumptions.
- Develop and maintain a current knowledge base of Basel III rules. Leverage the knowledge in the development of a forward-looking analysis and projections.
- Assist the Director in building process documentation for the team's deliverables; in completing other deliverables to OSFI and/or Senior Management, on an as-required basis
Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:
- Graduate degree in Finance, Business or Economics. Graduate or undergraduate degree in mathematical or scientific discipline.
- 5-7 years’ experience in financial Modeling, financial analysis, data analytics or risk modeling.
- Strong financial acumen and deep understanding of forecasting & planning process, finance systems (SmartView, Hyperion, OBI), and data management principles.
- Advanced skills in Excel, VBA, SQL, Access, Power BI; and ability to apply best data management practices to large data sets and develop new models, refine existing models and processes.
- Strong Methodology Background with track record of challenging and solving complex business and financial modelling assumptions in a real setting
- In depth knowledge of capital concepts (Basel III, risk weight asset, risk modelling)
- Ability to multi-task in a time-sensitive environment and high degree of flexibility and adaptability
- Strong analytical and research skills and ability to synthesize high quality presentations and excel summaries.
- Excellent ability to produce clear, presentable, and traceable excel files that can be shared with executive management and interpreted easily.
What’s in it for you?
- The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
- A rewarding career path with diverse opportunities for professional development.
- Internal development to support your growth and enhance your skills.
- A competitive compensation and benefits package.
- An organization committed to making a difference in our communities– for you and our customers.
- We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!
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.