Senior Financial Analyst, Canadian Wealth Management

Requisition ID: 271919 

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

POSITION SUMMARY

The Financial Analyst is responsible for supporting the Finance Manager in the preparation, analysis, and reporting of monthly, quarterly, and annual financial results, as well as forecasting, budgeting, and long-term strategic planning activities for Canadian Wealth Management (CWM) and the Team of Experts (TOE) support group. The role provides financial insight and analytical support to business partners and senior management, enabling informed decision-making and effective financial management.

Key Accountabilities

1. Financial Reporting and Performance Analysis

Support the preparation, analysis, and delivery of financial reporting for the Team of Experts (TOE) support group and broader CWM Finance team. Monitor financial results against key performance indicators, budgets, forecasts, and other performance metrics.

Key responsibilities include:

• Monthly headcount reporting and quarterly workforce analysis.
• Monthly expense reporting and variance analysis.
• Preparation of monthly management reporting packages.
• KPI reporting, trend analysis, and performance monitoring.
• Investigation and explanation of financial variances and emerging trends.

2. Forecasting, Budgeting, and Strategic Planning

Participate in the development and execution of the annual budget, strategic planning, scenario analysis, and monthly forecasting processes.

Key responsibilities include:

• Maintaining and updating planning and forecasting models.
• Preparing financial commentary and management insights.
• Coordinating the preparation and distribution of annual planning packages.
• Supporting cost centre and transit owners in developing and completing department budgets.
• Monitoring forecast and budget submissions and uploading data into Hyperion and other planning systems.
• Consolidating business submissions and performing detailed financial analysis.
• Conducting variance analysis against budget, forecast, and prior-year results.

3. Financial Modeling and Business Support

Develop, maintain, and enhance financial models to support business initiatives, strategic decision-making, and investment evaluations.

Key responsibilities include:

• Assessing the financial impact of new business initiatives through scenario and sensitivity analysis.
• Supporting business leaders with financial evaluations and recommendations.
• Preparing profitability and return-on-investment analyses.
• Conducting financial assessments of marketing campaigns and strategic initiatives.
• Identifying opportunities to improve financial performance and operational efficiency.

4. Ad Hoc Analysis and Reporting

Prepare ad hoc financial analyses, presentations, and reporting to support management requests, strategic initiatives, and business decision-making.

5. Stakeholder Support and Relationship Management

Provide timely financial guidance and support to business partners and stakeholders across CWM.

Key responsibilities include:

• Responding to financial inquiries and resolving reporting issues.
• Delivering actionable insights and recommendations.
• Building effective working relationships with stakeholders across Finance and the business.

6. Coaching and Team Support

Provide guidance, training, and support to Financial Analyst interns and co-op students to ensure successful completion of month-end reporting, forecasting, and analytical activities.

7. Other Responsibilities

Perform other duties and special projects as assigned.

Functional Competencies

• Strong customer focus with a commitment to delivering timely, accurate, and professional service.
• Demonstrated analytical and problem-solving skills, with the ability to identify issues and recommend practical solutions.
• Ability to manage multiple priorities and deadlines while maintaining a high degree of accuracy and attention to detail.
• Proactive self-starter who can work independently and take ownership of assignments.
• Strong organizational skills and ability to manage competing priorities in a fast-paced environment.
• Excellent verbal and written communication skills.
• Strong presentation and interpersonal skills, with the ability to effectively communicate financial concepts to senior management and business partners.
• Collaborative team player with a positive attitude and strong relationship management skills.

Qualifications

• Highly motivated, results-oriented individual with the ability to manage multiple tasks and competing priorities.
• Strong organizational, interpersonal, and communication skills.
• Demonstrated financial analysis and modeling capabilities with the ability to interpret results and provide meaningful business insights.
• Understanding of financial performance measurement and profitability concepts.
• Experience working with financial systems and reporting tools such as OBI, Hyperion, PeopleSoft, or similar platforms.
• Advanced Excel skills, including PivotTables, XLOOKUP/VLOOKUP, SUMIFS, INDEX/MATCH, Power Pivot, and financial modeling techniques.
• Strong influencing and stakeholder management skills, with the ability to build consensus and foster strong business relationships.
• Commitment to delivering exceptional customer service and practical business solutions.

WORKING ENVIRONMENT:

• Business Attire
• Over-time required at peak periods, such as quarter-ends and annual planning season

Scotiabank is an equal opportunity employer and welcomes applications from all interested parties. However, only those candidates selected for an interview will be contacted.

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.