Senior Manager, Advisor Deposit Services in Toronto

The Senior Manager, Advisor Deposit Services, contributes to the overall success of Advisor Deposits Services (ADS) within Retail Deposits and Investments in Canada and supports the Director, Pricing, Portfolio Management and Advisor Deposit Services in leading and overseeing the team, ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures.

In this role you will:

• Implement key pillars of the ADS business strategy by leading and partnering on strategic projects and initiatives that strengthen the ADS value proposition and support sustainable portfolio growth.
• Lead multiple projects as required including internal and vendor systems upgrades and regulatory initiatives, ensuring objectives are met and delivered on time and within budget.
• Be accountable for aggregating new ideas for growth incorporating team feedback to evaluate their potential on a cost/value benefit basis including writing business cases.
• Lead and implement new projects that add value to ADS and Retail Deposits.
• Lead, manage and implement all ADS compliance and regulatory initiatives and requirements and ensure all regulatory requirements are met.
• Build strong relationships with internal business lines, Wealth partners, dealers, advisors and external organizations to understand needs, validate opportunities and enable execution.
• Partner with Dealer Relations, Business Development and Marketing to develop positioning, advisor communications, launch materials and supporting tools for new initiatives.
• Drive the development and implementation of ADS deposit product strategy by creating and maintaining a product development plan incorporating planned initiatives, and a longer-term vision for the delivery of deposit products and programs.
• Assess the economic and financial feasibility of new product opportunities, using market intelligence and advisor, dealer, client and product insights to identify emerging opportunities, competitive risks and actions required to protect and grow the ADS portfolio.
• Lead approved initiatives from concept through implementation and post-launch review.
• Collaborate to develop the ADS pricing strategy in conjunction with the Retail Deposits Pricing team for new initiatives to ensure financial targets are achieved.
• Evaluate and provide recommendation regarding the operational feasibility and cost/benefit impact of new/enhanced products, programs, and initiatives.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Create an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles.
• Ensure initiatives are supported by appropriate processes, controls, procedures, communications, training and performance reporting and comply with governing regulations, internal policies and the Bank’s risk appetite.

Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:

• Minimum 5 years of relevant work experience in product management within the broker/dealer channel.
• Strong understanding of Wealth businesses including CIRO Channels and Banking Regulations (FCAC, OSFI).
• Solid understanding of outside market and competitive products.
• Excellent analytical and market research skills.

What's in it for you?

• Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank.
• Accessibility and Workplace Accommodations - 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.
• Upskilling through online courses, cross-functional development opportunities, and tuition assistance.
• Competitive Rewards program including bonus, flexible vacation, personal, sick days and benefits will start on day one.
• Community Engagement - no matter where you choose to work from; we offer opportunities for community engagement & belonging with our various programs.

Location(s): Canada : Ontario : Toronto