Director, Corporate Development [Scotiabank]

Requisition ID: 184542

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

Hiring Details

• Business Line: EO Finance
• Department: Strategic Transactions & Review (Corporate Development)
• Direct Reports: Number of reports will depend on staffing levels
• Reports to: Managing Director

Job Purpose

The Director contributes to the overall success of the Strategic Transactions & Review team, which is responsible for the execution of M&A and other strategic projects that advance the development and implementation of the Bank's corporate plans, strategies and objectives. The Director is primarily responsible for identifying, analyzing and pursuing acquisitions or divestitures, in partnership with Business Lines and other functional groups or stakeholders. The role also includes evaluation of partnership opportunities, supporting internal strategic reviews and other analytical requests on behalf of the Board and executives. The incumbent leads internal and external cross-functional teams and is involved in executing all aspects of transactions. The Director is also responsible for developing and applying analytical frameworks and quality standards in order to ensure consistent presentation and evaluation of opportunities to executives and senior management of the Bank, and to ensure all activities conducted are in compliance with governing regulations and internal policies and procedures. The position is based in Toronto but has a global scope.

Is this role right for you? In this role, you will:

• Provide analytical and other support with respect to various regulatory initiatives and Bank activities (especially those promulgated by Finance Canada, OSFI, the Competition Bureau and the CDIC)
• We'd Love To Work With You If You Have
• Lead and manage cross-functional teams in evaluating, analyzing and completing operational aspects of acquisitions, divestitures and/or alliance opportunities that will be accretive to the Bank's strategy and earnings:
• Structuring and leading due diligence processes for acquisitions and divestitures including oversight of enterprise-wide due diligence efforts, confidential information memorandum preparation, data room setup or review, management meetings, Q&A processes, etc.
• Effectively identify, analyze, and present opportunities
• Business lines (Canadian Banking, Global Banking & Markets, Global Wealth Management, and International Banking)
• Ensure 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
• Development of presentations to executives and senior management for discussion/approval of M&A opportunities, detailing the structure and rationale behind complex models.
• Oversight of detailed financial modeling, country analysis (economic and financial sector including competitive and regulatory environment), analysis of prospects (financial and macro) and evaluating the overall financial and strategic impacts to the Bank
• Develop staff capabilities within the Strategic Transactions & Review team
• Coordination of strategic analysis, including identification of acquisition and divestiture opportunities
• Ensure consistent approach to evaluation and application of best practices to activities across business lines
• Champions a high-performance environment and contributes to an inclusive work environment.
• Position requires working closely with functions and product groups across the Bank and builds relationships that enable comprehensive, timely analysis and execution of projects and activities with:
• Supervising and/or managing financial analysis of opportunities including valuation and determination of financial impact on the Bank
• Support business lines in the development and execution of their business plans on matters related to acquisitions, divestitures and other strategic corporate development opportunities:
• Leading the preparation and review, and, when applicable, recommending negotiating points, of all deal documentation, including engagement letters, confidentiality agreements, due diligence request lists, process letters, fairness opinion letter, purchase agreements and regulatory applications
• Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions to develop and implement frameworks, processes, and communications which:
• External stakeholders (legal counsel, investment banking, consulting firms, etc.)
• Functional areas and internal groups (HR, Legal, Risk, Finance, Tax, Insurance, Accounting Policy, Compliance, Integrations, Capital Management, Strategy, Marketing, Communications, Investor Relations, etc.)

Do you have the skills that will enable you to succeed in this role.

• Strong financial analysis and spreadsheet skills
• Undergraduate or post graduate education in business or related discipline with emphasis in finance, accounting, economics and other relevant subject areas
• Demonstrated ability to independently researching and implementing solutions for enterprise-wide issues requiring consultation and buy-in from a variety of stakeholders
• Strong degree of curiosity and ability to research new areas to identify business opportunities
• Robust knowledge of bank financial statements, products and capital adequacy concepts
• Strong leadership, influencing, and time management skills
• Self-starter with strong attention to detail
• Experience with business line and corporate-level strategy formulation
• Experience in analyzing bank financial statements, products / divisions, earnings drivers and valuation metrics is preferred
• 5+ years progressive experience in the management of large, complex and diverse projects or functions in corporate management portfolios
• Willingness to learn and the ability to creatively research solutions to day-to-day questions
• Professional designations (CA, CMA, CPA, CFA) are a strong asset
• Superior oral/written communication skills, including reviewing and refining memos and presentations, communicating key messages to executives, and presenting to senior stakeholders
• 7+ years of experience in M&A, financial modeling, valuation, consulting, or other relevant experience

What's in it for you?

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
• Your career matters! You will have access to career development and progression opportunities.
• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!

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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.