Director, International Brokerage Strategy & Business

Requisition ID: 243086

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

Purpose

Director International Advisory & Brokerage Strategy and Business (the Director) International Wealth Management (IWM) leads and oversees the strategic direction and profitable growth of the international Advisory & Brokerage business and investment solutions across the IWM footprint. The Director is responsible for driving the overall strategy execution plans and specific initiatives to ensure an optimal product/service offering support client experience and partner engagement. The span of coverage incorporates the international Advisory & Brokerage business (in countries and offshore) and all relevant products/services. The responsibilities include ensuring all activities conducted comply with governing regulations internal policies and procedures.

What you will be doing:

Business growth

• Drive profitable growth for the IWM Advisory & Brokerage business and solutions.
• Maintain close working relationships with IWM countries to understand their client needs and identify business opportunities.
• Support the setting of the growth strategies based on client segments market/economic conditions corporate objectives and competitive positioning. Work closely with key internal partners and teams to develop strategic sales plans and tactical ideas.
• Contribute to establishing and managing ambitious business growth targets (through annual planning cycle) client retention and satisfaction goals. Drive the achievement of these targets through business plans ongoing assessment and support including best practices.
• Identify areas of opportunities leveraging the Banks existing resources to reduce costs and increase efficiency. Engage and support cross-selling synergies among distribution units.

Strategy and adoption

• Support the development and implementation of the IWM Advisory & Brokerage wealth strategy and the international advisory model.
• Work collaboratively with key partners to ensure cohesive onshore/offshore integration and partnerships. Lead the implementation of related projects and reviews.
• Engage with business unit partners to support enterprise objectives influence key stakeholders and jointly develop effective and realistic sales and growth strategies.
• Identify strategic issues and opportunities to improve existing businesses.
• Actively promote the integrated advisory model of IWM.

Development support and optimization of the brokerage business and the value offering

• Articulate and support the Advisory & Brokerage value proposition (across various segments).
• Continuously evaluate product shelf and service needs regulatory requirements and standards distribution practices and performance management matters and provide recommendations.
• Work with local and Global Investments Solutions team to support a consistent model portfolio framework and best practices.
• Design and implement a global framework for managed asset programs.

• Provide guidance on the product shelf requirements distribution channels and performance of expectations of investment management products across the Advisory & Brokerage businesses. Work closely with domestic and local units to support the optimization of the product shelf.
• Support the preparation of business cases. Evaluate make recommendations obtain approvals and follow up until completed.
• Lead the development of regulatory and business reform proposals in conjunction with the relevant business units to support and influence the decision-makers.
• Participate as a committee member representing IWM at different corporate governance committees including but not limited to: investment risk fiduciary audit and product.
• Provide guidance and act as Scotiabanks subject matter expert on Advisory & Brokerage-related regulatory matters including the onshore brokerage and regulatory and business reform in Lat Am and the Caribbean.
• Act as a contact for all Advisory & Brokerage businesses on investment product needs distribution and performance management matters working collaboratively with other support functions across the broader business line as necessary.
  Develop and implement a framework for internal and client-focused communications to support the growth of the Advisory & Brokerage business.

Risk and regulatory oversight

• Responsible for ensuring all regulatory/compliance requirements are met within required timeframes.
• Embed all elements of the risk appetite statement and measures into day-to-day activities.
• Understand how the Banks risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively 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.
• Champions a high-performance environment and contributes to an inclusive work environment.

Do you have the skills to enable you to be successful in this role We would love to work with you if you have:

• University degree in business or economics or related discipline.
• MBA/CFA preferred and/or a minimum of 10 years of professional experience in advisory brokerage or asset management.
• Fully bilingual English/Spanish required.
• Ability to listen and adapt to a constantly changing environment.
• Strategic vision and ability to become an enabler of change.
• Experience working with different cultures with a focus on emerging markets.
• Strong public speaking skills with past experience in preparing and presenting to senior management.
• Experience managing multi-dimensional projects from concept to completion with a matrix environment across different cultures.
• Strong quantitative and analytical skills.
• Ability to function in a team environment.
• Self-driven results-oriented and an ability to work under pressure
• Excellent relationship-building and negotiation skills to build and maintain strong supportive relationships with stakeholders across the organization.
• Strong planning time management and organizational skills; ability to multi-task many projects simultaneously and meet tight deadlines.

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.