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Senior Business Analyst, Global Investment Management Office

Scotiabank7 days ago
Verified
Toronto, ON
Senior Level

About the role

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

As theSenior Business Analyst, Investment Management Office, you will act as a key contributor to the Scotia Investment Management business reporting to both the Director, Investment Management Development and the Director, Investment Management Office. You will ensure the effective and timely delivery of initiatives in support of the 1832 Asset Management business and other Scotia Investment Fund Manufacturers (IFMs) globally.

In this role, you will have significant input into the Investment Management compensation plans, acting as a key resource in ensuring that the PM compensation process is well supported and will participate in the overall process from start to finish on an annual basis. As the Senior Business Analyst, IMO, you will also be responsible for executing on business matters, internal analysis and reporting, internal administration and associated processes in support of the investment management team.

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

1.\tParticipate in the on-going administration of incentive-based compensation plans for the team of investment professionals within 1832 Asset Management (1832 AM):
•\tParticipate in the annual review and administration of the incentive- based compensation plans, including plan formulation, design, implementation, calculation and payment of annual incentives
•\tCollaborate with key internal partners on compensation plan design and implementation
•\tWork in partnership with the GAM Finance team to ensure ensuring timely administration of issues related to the Investment Counsel team compensation, including the administration and delivery of Annual Fund Management Worksheets (AFMWs)

2.\tEnsure the effective and accurate internal operations of 1832:
•\tParticipate in the preparation of regular and as/required internal management reports
•\tParticipate in the expense review process and ensure the prompt and timely payment of outstanding invoices to our vendors and partners where required. Support the execution and delivery of the Soft Dollar program for the Investment Management business.
•\tAssist in the deployment, as required, of business tools required for the effective storage and reporting of internal metrics and key performance, compensation and indicators, and frequently reviewed data used by 1832 AM
•\tEnsure the accuracy of data contained within 1832 tools and systems; conduct regular reviews and testing of data to ensure compliance to 100% accuracy

3.\tWork closely with the Director, Investment Management Development and the Director, Investment Management Office, to effectively execute the business strategy of 1832 Asset Management and other IFMs:
•\tParticipate in the design and improvement of existing operational and internal processes to allow for the continued growth of the overall 1832 organization, scaling of business operations and implementation of tools/systems in a cost effective and efficient manner
•\tParticipate in the budget/business planning process for 1832 AM

4.\tParticipate in the on-going administration of incentive-based compensation plans for the team of investment professionals within 1832 Asset Management (1832 AM):
•\tParticipate in the annual review and administration of the incentive- based compensation plans, including plan formulation, design, implementation, calculation and payment of annual incentives
•\tCollaborate with key internal partners on compensation plan design and implementation
•\tWork in partnership with the GAM Finance team to ensure ensuring timely administration of issues related to the Investment Counsel team compensation, including the administration and delivery of Annual Fund Management Worksheets (AFMWs)

5.\tEnsure the effective and accurate internal operations of 1832:
•\tParticipate in the preparation of regular and as/required internal management reports
•\tParticipate in the expense review process and ensure the prompt and timely payment of outstanding invoices to our vendors and partners where required. Support the execution and delivery of the Soft Dollar program for the Investment Management business.
•\tAssist in the deployment, as required, of business tools required for the effective storage and reporting of internal metrics and key performance, compensation and indicators, and frequently reviewed data used by 1832 AM
•\tEnsure the accuracy of data contained within 1832 tools and systems; conduct regular reviews and testing of data to ensure compliance to 100% accuracy

6.\tWork closely with the Director, Investment Management Development and the Director, Investment Management Office, to effectively execute the business strategy of 1832 Asset Management and other IFMs:
•\tParticipate in the design and improvement of existing operational and internal processes to allow for the continued growth of the overall 1832 organization, scaling of business operations and implementation of tools/systems in a cost effective and efficient manner
•\tParticipate in the budget/business planning process for 1832 AM

7.\tParticipate in the communication strategy for the Investment Management business, including:
•\tWork with the Director, Investment Management Development and the Director, Investment Management Office on the creation of presentations and materials for a variety of audiences, including internal and external parties
•\tSupport investment leadership in aligning talent management strategies with overarching business objectives through data analysis and strategic insights.
•\tAssist in identifying high-potential talent by analyzing performance measures and contributing to the design of targeted development initiatives.
•\tCollaborate in the creation and tracking of individualized development plans to enhance both technical and leadership capabilities.
•\tConduct and interpret capability assessments to inform career pathing and identify growth opportunities.
•\tPartner with leaders to develop and maintain clear career progression frameworks within the investment team.
•\tCoordinate and evaluate learning and development programs aimed at strengthening functional expertise and soft skills.
•\tContribute to succession planning by analyzing workforce data to identify critical roles and support the development of talent pipelines.
•\tLeverage data-driven insights to forecast talent gaps and recommend proactive strategies to address future needs.
•\tPromote a culture of continuous learning and internal mobility by supporting initiatives that build leadership readiness.
•\tIntegrate DEI principles into talent strategies by analyzing equity in access to development opportunities and supporting inclusive practices.
•\tSupport gender diversity initiatives by providing analytical insights and operational support for strategies that enhance the representation and advancement of women within the investment team.

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

•\tUndergraduate degree in business or related field.
•\tWorking toward a graduate degree or other designation (CPA, MBA) is an asset.
•\tMinimum 4 – 6 years of experience working with investment management teams
•\t Knowledge of investment management compensation processes would be an asset.
•\tResults-focused, with project management and technical skills.
•\tExcellent communication skills, both verbal and written.
•\tExceptional attention to detail.
•\tFamiliarity with the business planning process.
•\tStrong organizational skills; and
•\tAbility to work with various matrix teams across the Bank

Dimensions

•\tAnnual spend on investment professional compensation is in excess of $40 million. Success in this role will be measured by 100% accuracy in the administration of these incentive-based compensation plans, as small errors can be extremely costly

•\tAssets Under Management for 1832 AM is over $200bn, with a team of ~160 investment management professionals

•\tSuccessful and value-add support to the Director, Business Planning and Operations and meaningful participation of all projects/program cycles, respecting critical deadlines within established timelines and within budget

This position requires a high degree of analytical and communication skills. The incumbent must handle a significant workload and must determine priorities between competing demands as workflows from many sources. The incumbent is often required to work under tight timelines and deadlines to ensure analysis of materials is executed quickly and thoroughly. The working environment can be stressful, due to tight and inflexible deadlines and constantly shifting priorities with little warning given of changing work volumes.

This role is also responsible for working with a team of ~160 investment management professionals, each with mandates varying in degree of complexity.

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](https://www.scotiabank.com/careers/en/careers/technical-support-for- applicants.html). 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.

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