Job Description
Scotiabank is Canada's most international bank, with an international presence unmatched by other Canadian Banks. Our operations include providing a full range of financial products, solutions and advice to retail, small business and commercial customers in Latin America, the Caribbean, Central America, and the Asia Pacific. In addition, our partnerships with associated corporations in China, Curacao, Thailand, and Venezuela provide an entire suite of personal, commercial, wealth management and insurance services to over 24 million customers globally.
Join a purpose-driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
Responsible for creating and implementing the business performance and strategy disciplines in International Commercial Banking to help deliver on financial and strategic targets.
The incumbent will oversee the Planning & Strategy disciplines to enable a coordinated, inter-connected budgeting, forecasting and performance assessment and insight building for the IB Commercial P&L and Client Dynamics. The incumbent will work with country business teams, Analytics, Finance, GRM, and the IB Commercial Banking team, to design and ensure execution of regional and country-level roadmaps.
What You’ll Do:
Leads the budgeting, forecasting and performance assessment process for International Commercial Banking, covering a portfolio of $30Bn in Loans, $30Bn in Deposits and $2Bn in Revenue across 15 countries. This is executed in coordination with IB Finance and the country Planning and Strategy teams.
Responsible for creating a 360 Commercial Banking Performance Management (Financial, Client Dynamics) by Segment, including forecasts and competitive benchmark. The focus includes but is not limited to:
Design and execute a robust executive reporting system for decision-making purposes.
Develop financial and commercial forecasting models to support business decision making tasks.
Monitor Commercial initiatives and action plans to understand the impact on performance.
Periodic performance reviews and integrated root-cause analysis with the countries.
Define business measurement framework to have a clear understanding of customer, digital solutions, and one-bank distribution performance.
Develop and test new metrics aiming to provide new insights into business performance routine.
Develop competitive benchmark analysis to provide additional insights to our decision-making processes
Supports and actively participates in the IB Commercial Data project by working with the Customer Insights and Data Analytics team in the development of a business data foundation to serve both Toronto and local teams.
Responsible for the development and execution monitoring of the IB Commercial Strategy together with the IB Commercial Leadership team and aligned with the Global Commercial Growth strategy for the bank.
Responsible to coordinate with Canadian Commercial Banking counterparts for the alignment of initiatives and priorities to converge into a common agenda of topics.
Lead the design and development of tools and dashboards to monitor Strategy execution across geographies.
Lead the Annual Planning and Business Review processes with all markets we operate to align Head office strategy to local Financial and Client Dynamics targets and KPIs. The scope includes:
Lead the Commercial annual planning cycle in all markets and create an International Banking governance model to monitor planning performance and insights.
Create a collaboration environment to share data, analyses and advisory in support of the Planning Cycle, model development, and execution monitoring of key initiatives.
Establish the data gathering process for Business Reviews and the business planning purposes.
Coordinate the Commercial planning process and establish a community of best practices with our partners in the countries to promote inter-country communication and sharing of knowledge.
Collaborates with the Sales Force Effectiveness Director and team to promote a culture of data-informed decision making and coaches stakeholders in the proper use of analytical frameworks, methods, and tools.
Disseminates Agile principles and practices and provides stakeholders across different geographies with on-the-job coaching during projects / initiatives.
Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Ensures 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
Join a purpose-driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
Responsible for creating and implementing the business performance and strategy disciplines in International Commercial Banking to help deliver on financial and strategic targets.
The incumbent will oversee the Planning & Strategy disciplines to enable a coordinated, inter-connected budgeting, forecasting and performance assessment and insight building for the IB Commercial P&L and Client Dynamics. The incumbent will work with country business teams, Analytics, Finance, GRM, and the IB Commercial Banking team, to design and ensure execution of regional and country-level roadmaps.
What You’ll Do:
Leads the budgeting, forecasting and performance assessment process for International Commercial Banking, covering a portfolio of $30Bn in Loans, $30Bn in Deposits and $2Bn in Revenue across 15 countries. This is executed in coordination with IB Finance and the country Planning and Strategy teams.
Responsible for creating a 360 Commercial Banking Performance Management (Financial, Client Dynamics) by Segment, including forecasts and competitive benchmark. The focus includes but is not limited to:
Design and execute a robust executive reporting system for decision-making purposes.
Develop financial and commercial forecasting models to support business decision making tasks.
Monitor Commercial initiatives and action plans to understand the impact on performance.
Periodic performance reviews and integrated root-cause analysis with the countries.
Define business measurement framework to have a clear understanding of customer, digital solutions, and one-bank distribution performance.
Develop and test new metrics aiming to provide new insights into business performance routine.
Develop competitive benchmark analysis to provide additional insights to our decision-making processes
Supports and actively participates in the IB Commercial Data project by working with the Customer Insights and Data Analytics team in the development of a business data foundation to serve both Toronto and local teams.
Responsible for the development and execution monitoring of the IB Commercial Strategy together with the IB Commercial Leadership team and aligned with the Global Commercial Growth strategy for the bank.
Responsible to coordinate with Canadian Commercial Banking counterparts for the alignment of initiatives and priorities to converge into a common agenda of topics.
Lead the design and development of tools and dashboards to monitor Strategy execution across geographies.
Lead the Annual Planning and Business Review processes with all markets we operate to align Head office strategy to local Financial and Client Dynamics targets and KPIs. The scope includes:
Lead the Commercial annual planning cycle in all markets and create an International Banking governance model to monitor planning performance and insights.
Create a collaboration environment to share data, analyses and advisory in support of the Planning Cycle, model development, and execution monitoring of key initiatives.
Establish the data gathering process for Business Reviews and the business planning purposes.
Coordinate the Commercial planning process and establish a community of best practices with our partners in the countries to promote inter-country communication and sharing of knowledge.
Collaborates with the Sales Force Effectiveness Director and team to promote a culture of data-informed decision making and coaches stakeholders in the proper use of analytical frameworks, methods, and tools.
Disseminates Agile principles and practices and provides stakeholders across different geographies with on-the-job coaching during projects / initiatives.
Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Ensures 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
💡 Quick Summary
Seeking a career-building opportunity? The Regional Planning & Strategy Director, International Commercial Banking position is now open for candidates interested in the Operations Executive Jobs sector. This role in Toronto offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Operations Executive Jobs is a plus.
