Requisition ID: 226556
Join a purpose driven winning team committed to results in an inclusive and high-performing culture.
POSITION: MANAGING DIRECTOR CASH MANAGEMENT PRODUCTS - NORTH AMERICA & CARIBBEAN
Purpose
The Managing Director Cash Management Products provides executive leadership sponsorship and decision support for all Products for Global Transaction Banking with a specific focus on North Americaand Caribbean. In addition the MD provides strategic direction leadership and oversight ensuring business strategies plans and initiatives are supported in compliance with governing regulations internal policies and procedures.
Accountabilities
- Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships systems and knowledge.
- Leads the establishment of strategic business plans for building the business in the region by:
- Developing a clear vision and business strategy that is aligned with and supportive of the overall Bank strategy and business objectives
- Leading the development of strategic proposals and business cases that align with overall business division and Bank objectives
- Overseeing the development and sustainment of key strategic alliances partnerships and stakeholder relationships to ensure that appropriate resources are allocated to those business objectives
- Acquiring and maintaining a deep understanding of marketplace strategies key competitors offerings market positioning client segmentation technology trends etc.
- Leads the execution of strategic regional business plans by:
- Leading the creation and implementation of growth and revenue generating strategies business plans and programs focused on increasing market share revenues performance and profitability
- Establishing and cultivating mutually collaborative relationships with the leaders within the Bank to generate profitable customer relationships
- Supporting the development and monitoring of profit plans and financial objectives
- Communicating and monitoring annual business plans with all key stakeholders
- Leads the management of operational technology risk compliance and expense requirements for the business by:
- Creating an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabanks 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.
- Directing day-to-day activities in a manner consistent with the Banks risk culture and the relevant risk appetite statement and limits. Communicates the Banks risk culture and risk appetite statement throughout their teams.
- Ensuring that appropriate reporting regulatory and compliance issues and client complaints claims and legal actions are addressed within required timeframes
- Ensuring direct expenses are contained and costs effectively managed
- Ensuring that operational and technology requirements are resourced and employed to meet the needs of the business and clients and by establishing and driving alliances with internal and external IT suppliers as required
- Monitoring Regulatory requirements issues and trends to ensure ongoing awareness. Ensuring appropriate corrective action is taken upon the incidence of non-compliance
- 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.
Education / Experience / Other Information
- Undergraduate degree in Business or a related discipline and/or MBA
- Minimum of 10 years relevant experience in the transaction banking services
- 10 years experience in the development and management of banking products and portfolios
- Thorough understanding of the business products portfolios
- Thorough knowledge of the Banks product distribution networks
- Strong understanding of the technological platform underlying the business products and how they support the delivery distribution and client experience
- Proven ability to drive and manage a business lines Profit and Loss
- Demonstrated ability and experience in developing and implementing strategic plan for a technology intensive business
- A track record of delivering results in a large multi-level global organization where it is key to understand internal relationships and influence decisions outside the scope of direct authority
- The incumbent leads manages makes decisions and acts for GTB Products in an independent fashion with a limited degree of consultation/direction
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.
Required Experience:
Chief