Manager, FP&A Lead - Capital Markets

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 and 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!

Member of US GBM Financial Planning and Analysis (FP&A) team. Position is responsible for all aspects of planning and analysis for assigned GBM Line(s) of Business (LOB’s). The position provides planning, forecasting and management reporting support to the LOB’s and FP&A team. Key responsibilities include formulation and coordination of annual plan, periodic forecasts, and analysis to assist senior management in business decision making.

The Manager, FP&A Lead will 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.

The Manager, FP&A Lead reports to the Head, FP&A Management Reporting.

• Assist in coordinating and compiling the annual plan and periodic forecasts, and assess reasonability of targets provided by the LOB’s
• Review and challenge LOB’s assumptions for plan and forecast targets
• Ensure plan and forecast information are updated into the systems / tools to ensure timely review and submission to satisfy global timelines.
• Review periodic pipelines of deals
• Handle Business line queries on revenues, balance sheet, projects, and expenses
• Review Daily MIS P&L for reasonability, completeness, and unusual items.
• Analysis of monthly and quarterly results including variance analysis to prior periods and robust commentary that is agreed / confirmed with the business.
• Compile / develop / review financial analysis and commentary for inclusion in the US GBM Quarterly Management Report (QMR), Monthly Business Report (M ), and information packs for the US Executive Committee (ExCo), SHUSA Board or other management needs as may be required.
• Review and liaise with the business lines on business cases being submitted
• Assist in developing financial models to incorporate revenue, balance sheet, and other metrics for planning, forecasting, and performance measurement

The FP&A manager contributes 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

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 with Business and Functional partners to prepare and update bottom-up financial plans, forecasts, and other forward-looking financial reviews, identify issues, and provide commentary

Develop recommendations and analysis related to the execution of strategic initiatives

Provide analysis, support and counsel to business line management related to management reporting

Work collaboratively with other stakeholders in GBM to…