Director, Analytics And Business Planning, Canadian Business Banking

Requisition ID: 177125

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

Director, Analytics & Business Planning, Canadian Business Banking

Purpose

The Director, Analytics & Business Planning leads and oversees Business Intelligence and MIS in Canadian Business Banking ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures.

This role supports the Canadian Business Bank’s Leadership team in enhancing and managing the Canadian Business Bank’s portfolio and profitability by overseeing the Analytics function as well as Business Planning function in conjunction with Canadian Banking Finance.

The Director oversees the development of the roadmap and delivery of value-add analytics & insights, robust Business Intelligence & MIS, Data & Platform strategy, Sales metrics development, Performance & Portfolio management tools, and Cross-sell & Prospect lead generation. The Director ensures latest development in data/analytics space such as Machine Learning and Artificial Intelligence are leveraged to enhance the Canadian Business Bank’s business objectives.

Accountabilities

• Ensuring appropriate communication, coaching, delegation and support are provided to team and project resources to effectively optimize team productivity and long-term development plans.
• Overseeing development and management of data strategy and Management Information Systems for Commercial Banking working with GBM, IT&S, Finance
• Improve value and manage costs of Commercial Banking and individual areas within. Thoroughly understand the cost drivers, support area cost allocations and transfer pricing mechanisms to maximize Productivity and Operating Leverage of the business line.
• Representing the Business Line / Functional Group for enterprise-level and cross-domain data management issues, including participating in the Enterprise Data Council, as needed.
• In accordance with required Bank data compliance timelines, developing standards for sourcing data (access and maintenance) through Certified Data Sources, mapping data lineage, creating the business logic behind all data transformations and ensuring protection through comprehensive Service Level Agreements to ensure data quality.
• In accordance with required Bank data compliance timelines, monitoring data quality by establishing business rules (to test that the data meets expectations), setting acceptable thresholds, remediating data quality issues in a timely manner and identifying opportunities to enhance overall data quality.
• Oversee development of client analytics and lead generation capabilities to enhance cross-sell opportunities
• Providing day to day management of direct reports ensuring team goal alignment
• Overseeing the planning and analysis of the annual Commercial Banking performance metric framework development
• A) Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Direct strategic business analysis on the business line to drive better understanding of key measures and possible opportunities for growth and increased profitability. Evaluate strategic business proposals and outsourcing opportunities.
• B) Oversee development and management of Analytics for Commercial Bank by: Contribute to the Commercial Bank profit objectives through value-add portfolio and channel insights:
• Oversee the development of performance management and metric strategy and execution by:
• Developing team expertise in data mining and strong analytics capabilities
• Provide guidance on development of Profit Plan for Commercial bank through effective top line targets based on business opportunity as well as effective planning of new initiatives and expense management. Enable targets are appropriately distributed to the Commercial Bank business lines.
• Leading their Domain Working Group to design, develop and implement strategies, standards and procedures to support the Data Domain while ensuring adherence to the enterprise data governance framework for data policies, standards and practices.
• Oversee delivery of strategically relevant financial and operational data and reports are available to Commercial Bank Leadership team
• Collaborating with the Data Custodian to address data quality issue management and data change management in a timely manner based on priority and severity.
• Builds a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and managing succession and development planning for the team.
• Ensure data is complete, accurate, consistent and available on a timely basis.
• Identifying and managing critical data elements, managing the business metadata and business glossary.
• Perform the Data Steward function for Commercial Bank: As subject matter experts for their domains, the Data Steward is accountable for the data governance and oversight for their Data Domain and provides the leadership to drive adoption of the Bank’s data management strategy for his/her business line / functional group by:
• Supporting other parties within the Domain for their data needs and ensuring that regulatory and executive reporting and analytics have trusted data.
• Play an important role in the ongoing development of strategies and projects for all of Canadian Banking and Commercial Banking Management by participating at a strategic level / leading key teams and initiatives as appropriate and agreed to by the Commercial Banking Senior Leadership teams.
• Providing support to the Commercial Bank leadership team for ongoing performance management
• D) Develop team capability and manage team (direct and indirect reports) initiatives by:
• C) Provide guidance on financial reporting, planning, forecasting and expense management for Commercial Bank working closely with the Canadian Banking Finance team:
• Ensure latest industry developments and tools form part of the overall Analytics development roadmap
• Oversee the strategic management of product, portfolio, client and channel reporting and analytics to evaluate profitability and performance
• Ensure sound Management Information Systems and platforms
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Develop roadmap and enable delivery of advanced analytics to drive profit enhancement through product pricing recommendations
• Creates an environment in which his/her team pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Providing employee development opportunities
• Ensure the provision and enhance the understanding of financial and business drivers and economics of the various Commercial Banking business lines. Assist line management in optimizing their operations from a financial perspective.
• Ensuring Commercial Bank leadership team has support and tools to enable performance management of field teams and portfolio management of sales team portfolios

Dimensions

Supporting the Canadian Business Bank’s ability to achieve its vision and goal to be a best-in-class business bank for employees and clients. Scope incorporates the design, ongoing management of critical business line strategic measurement bases and analytics tools.

The Commercial Bank is a large contributor to Canadian Banking. The role and team will support sub-segments in Commercial Banking: Mid-Market Distribution, Real Estate Banking, Roynat, PESCG, Payments & Cash Management, Technology Innovation Banking, Franchising, Agriculture.

Education / Experience / Other Information

• Expert knowledge (CPA, MBA or commensurate experience) of all key financial measures and requirements plus experience with Statutory, Regulatory and Management reporting
• Excellent analytics, strategic thinking, organizational know-how and influencing skills are critical for success
• High degree of knowledge of commercial products and profit drivers
• Ability to complete work in a fast-paced environment with complex tasks and deliverables with tight timelines and significant interdependencies
• A track record that shows a results orientation and ability to move multiple projects forward, execute and implement multiple tasks well
• Strong visionary and planning capability
• The role requires a high degree of collaboration across wide ranging groups: Global Banking & Markets (GBM); GBP; Finance; GRM; Wealth Management; Retail Small Business; and various Commercial Banking areas.
• Strong technical skills in Finance, Math, Statistics, Computer Science or related fields
• Experience with RDBMs, Cassandra, HDFS, and/or graph databases an asset
• Ability to work non-standard hours as required
• Experience with open-source languages such as Python, Django, Flask, JS, D3, Angular an asset
• Outstanding general management and communication skills and an ongoing desire to develop / interact with supervisor / peers / reports in a positive, open and honest manner
• Experienced senior financial professional with strong business acumen and a solid track record of seeing beyond the numbers to the effects on the business
• Analysis is contingent upon excellent understanding of finance, profit drivers, transfer pricing, product knowledge and a comprehensive understanding of multiple, complex data sources across the Bank
• Excellent design and delivery capabilities

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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.