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Form of workManager, FP&A Forecasting Lead
Requisition ID: 194048
Salary Range: 85,700.00 - 159,100.00
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.
Manager, FP&A Forecasting Lead (194048)
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!
Overview
The Manager, FP&A Forecasting Lead is responsible for managing the complete forecasting process on behalf of the GBM U.S. business, which encompasses all P&L & Balance Sheet components, across all material sub-business lines and legal entities in the U.S. As this Manager, you will be responsible for coordinating the delivery of accurate and timely forecast information to key U.S. & Global stakeholders and developing a robust operating model to ensure forecasts are updated in a timely and controlled fashion. This role will require strong stakeholder engagement and relationship-building skills to facilitate the complete integration of forecast information across numerous business lines and support functions. You will also 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.
What You’ll Do
Develop a robust, scalable process to source all relevant forecast information for the purposes of providing a complete, consolidated financial forecast to key U.S. and Global stakeholders.
Identify incremental data requirements based on CDE and data linage reviews, to ensure forecast information provided is complete and accurate.
Develop capabilities to enable aggregation and elimination of financial data between IFRS and US GAAP reporting as necessary.
Review and analyze financial data provided as part of the process, to identify issues, opportunities, and trends to enrich the consolidated forecast narrative.
Support the continued alignment of data architecture and IT infrastructure between risk and finance support functions.
Build, maintain, and enhance various management reports and analysis for senior management to enable review and challenge of forecast submissions.
Develop enhanced levels of insights and analytical capabilities to enable efficient and accurate decision-making by key stakeholders.
Incorporate an awareness of enterprise strategic initiatives and the impact on revenues, balance sheet, and structural costs.
Assist initiatives’ sponsors in the preparation of project Business Cases (including NIRAs), costs/benefits, and scenario analysis when required.
Develop strong relationships across the various business and support functions to enable the provision of timely and accurate forecast information.
Contribute 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.
Develop recommendations and analysis related to the execution of strategic initiatives.
Provide analysis, support and counsel to business line management related to 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.
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 forecasting of revenues, expenses, balance sheet, resources across business lines and legal entities. Business Case preparation and cost benefit analysis experience a plus
Skilled in the preparation and presentation of detailed analysis, variance, commentary and management information
Knowledge of the Commercial Banking and Capital Markets products, and the relationships to central utility functions, such as Treasury
Knowledge of Hyperion planning tools, Essbase and Power BI – and familiarity with the toolset typical of a Finance / accounting department
Ability to develop strong relationships and 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, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . 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.
