Company: Scotiabank
Location: Toronto, ON
Expected salary:
Job date: Fri, 02 May 2025 01:40:52 GMT
Job description: Requisition ID: 224195Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.At the Senior Manager, Everyday Savings, you will provide strategic direction, leadership and oversight for the Retail Money Master (Everyday Savings) account in Canada, ensuring business strategies, plans and initiatives are supported incompliance with governing regulation, internal policies and procedures.Is this role right for you? In this role, you will:Lead and drive a client-first culture throughout your team to deepen client relationships and leverage broader Bank relationships, systems and knowledgeManage P&L (profit and loss) statements for the Retail Money Master (Everyday Savings), including delivering on financial goals/targets for NII, NIAT and balances and enrolment in the smart savings toolsLead all aspects of product management for the business lines, including product design and development, offers and pricing, distribution and marketing, and regulatory requirementsProduct design and development: Maintain a best-in class Everyday Savings product with clear value propositions for prioritized segments and products that support client primacy, innovating continuously to meet changing client needs and keep up with industry trendsOffers and pricing: Maintain competitive pricing that supports client growth and financial target attainment, partnering closely with our Retail Client Growth team to develop mass and targeted offers that support acquisition targets and deliver incremental market share growth in priority segments, and partnering with Finance to build and manage an incentive budget that balances growth and cost while developing pricing strategy to grow Everyday Savings portfolioDistribution & marketing: Partner effectively with Marketing to achieve acquisition targets, and with Branch, Contact Centre and Digital partners to deliver a seamless client and advisor experienceRegulatory requirements: Have a solid understanding of the regulatory environment and work closely with Internal Controls partners to ensure requirements are met and issues are managed and remediated appropriatelyBe responsible for the end-to-end client experience with a focus on creating a differentiated experience based on client value/segment, defining the value proposition and client experience for priority segments in partnership with the Segments teamEnsure the client experience across channels is coherent and consistent, continuing to expand offerings to digitally guided and self-serve channelsPartner with Retail Client Growth and Digital teams to create a seamless onboarding experience and to optimize early month on book engagementStay current on the best-in-class experiences other Banks and Financial Institutions offer domestically and abroad, continuously bringing in the external perspective to stay competitiveMaintain and design the right offers and product shelf to support the Bank’s client primacy and deposit objectivesLeverage data and analytics to understand client and market behaviours, communicating industry and portfolio trends and insights effectively to the frontline and senior executivesDo you have the skills that will enable you to succeed in this role? We’d love to work with you if you have:Post-secondary education in related fieldMultiple years of relevant experience working across retail financial productsStrong understanding of retail banking products and retail client needsExceptional business planning, strategy, development and execution skillsProven relationship management skills with demonstrated seamless collaboration across multiple stakeholdersProven experience in leading complex multi-stakeholder initiatives, with expert track record of delivering on time/budgetRecognized and resilient team leader who inspires a results-oriented, customer-centric cultureLocation(s): Canada : Ontario : TorontoScotiabank 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 . 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.
Position Summary: Senior Manager, Everyday Savings at Scotiabank
Requisition ID: 224195
Join a results-oriented team focused on inclusivity and high performance. The Senior Manager for Everyday Savings will oversee the Retail Money Master account in Canada, ensuring compliance with regulations and internal policies.
Key Responsibilities:
- Client-Centric Leadership: Foster a client-first culture within the team to build strong client relationships.
- P&L Management: Oversee financial performance, targeting key metrics like Net Interest Income (NII) and account enrollments.
- Product Management: Lead product design, offers, and pricing to maintain a competitive and innovative Everyday Savings product.
- Cross-Department Collaboration: Work with Marketing, Retail Client Growth, and Compliance teams to ensure consistent client experiences and regulatory adherence.
- Data Utilization: Analyze client behavior and market trends to inform strategy and enhance offerings.
Required Skills:
- Education: Post-secondary education in a relevant field.
- Experience: Strong background in retail financial products and client needs.
- Leadership: Proven ability to manage complex initiatives and lead teams effectively.
- Collaboration: Excellent relationship management skills across diverse stakeholders.
Location: Toronto, Ontario, Canada
Scotiabank promotes an inclusive environment and encourages applicants requiring accommodations to reach out to their Recruitment team. Interested candidates should apply online, noting that only selected candidates will be contacted for interviews.