Requisition ID: 259522
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
POSITION SUMMARY
Global Finance creates customer and shareholder value by providing financial leadership to our business partners with insightful financial analysis, and maintaining effective financial controls, through a team of initiative-taking finance professionals.
The Reporting department within Global Finance plays a key role in the reporting and analysis of the Bank's financial results at both the All Bank and Divisional levels.
The Senior Analyst will be a member of the Global Finance – Business Line Financial Reporting department and will be primarily responsible for the financial reporting and analysis of periodic results, with a focus on Global Banking & Markets (GBM). The Sr. Analyst will also be involved in the production of various periodic reports for executive management by highlighting significant trends, product and market developments and economic factors that impact performance; and will contribute to the overall success of Business Line Financial Reporting department ensuring specific individual goals and initiatives are executed and delivered in support of business strategies and objectives.
All activities must be conducted in compliance with governing regulations, internal policies, and procedures.
KEY ACCOUNTABILITIES
- Assist with the delivery of periodic financials (Profit & Loss and Balance Sheet) on a timely basis while ensuring data accuracy and completeness.
- Assist with the preparation of periodic reporting on statutory and business line results for Global Banking and Markets:
- Communicate with individuals in various business units during periodic close and on an ongoing basis to coordinate and collect financial data from business units.
- Perform the periodic reasonability of both statutory and business line financial results by ensuring the timely identification and resolution of all material issues. Maintain and implement new controls where needed.
- Review, analyze and prepare statutory journal entries, ensuring accuracy and completeness. All entries must be processed within strict periodic timetables as published by Global Finance Technology on a periodic basis.
- Maintain and develop strong controls over operational and analytical processes.
- Communicate and resolve accounting and reporting issues with business units and management.
- Consult closely with business line Finance partners to maintain knowledge of emerging business line issues that impact various business lines and to effectively resolve them.
- Participate in projects as assigned, such as developing financial metrics and analytical tools, Global Finance initiatives. Identify and act upon efficiency opportunities.
- Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
- Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
- Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
- Support manager and senior manager in efforts to enhance reporting processes:
- Assist with the annual business line rule set up and chart of account (COFA) management processes.
- Identify issues and make recommendations with a focus on process improvement.
- Perform other duties as assigned to support the department’s goals.
QUALIFICATIONS
- Canadian CPA designation or working towards CPA completion (recent graduates or candidates actively enrolled in the CPA program), with at least 2 years related work experience.
- Solid business acumen and strong analytical and problem-solving skills - Ability to relate financial data to business results and identify issues and trends.
- Strong organizational, interpersonal and communication abilities to execute varied activities within tight deadlines and deliver with a great amount of accuracy and completeness whilst demonstrating excellent time management skills.
- The ability to communicate, both orally and in written form, with individuals at different levels and a variety of skill sets and organizational perspectives.
- Good proficiency with computer applications including Microsoft Excel, e.g., XLOOKUP, SUMMIF, SUMMPRODUCT, PIVOT; Word, PowerPoint
This position requires strong customer service attitude and pro-active attitude to resolve complex business issues. The position requires high level of flexibility to adapt quickly to a dynamic business environment.
WORKING ENVIRONMENT:
- Business Casual Attire
- Hybrid workplace
- Flexible Working environment
- Overtime will be required during peak periods such as month-end and quarter-ends.
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. 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.
