Director, Portfolio Management Office - Corporate Function, Finance
Scotiabank
Toronto, ON, CA
4d ago

Requisition ID : 67811

Join the Global Community of Scotiabankers to help customers become better off.

The Director, Portfolio Management Office drives prioritization and project management governance across all corporate functions.

This office was temporarily set-up within the Structural Cost Transformation team. The CPMO’s objective is to facilitate and provide (i) investment prioritization, (ii) business case review, (iii) project governance, and (iv) portfolio management, reporting, and analysis for the Bank’s capital investments.

ACCOUNTABILITIES

Investment Prioritization :

Facilitate enterprise wide prioritization of investment ideas and projects :

Own and manage the enterprise wide project idea screening models (separate for regulatory and non-regulatory) and prioritization frameworks

Support the Strategic Investment Prioritization Working Group (SIP WG) as secretary for monthly meetings, preparing materials and minutes, and coordinating the agenda

Manage the SIP WG intake process including, communicating requirements and guidelines, issue resolution and review of submissions for SIP policy alignment

Make modifications and enhancements to scoring and prioritization frameworks

Provide effective change management and strong stakeholder engagement (the business and EPMO) on prioritization policy changes

Coordinate with EPMO and CA PPM system owners to ensure any changes to the system supporting / enhancing prioritization are implemented accurately

Work with executive stakeholders and strategy to establish the Bank’s hierarchy of strategic priorities and ensure ongoing framework alignment to strategy

Business Case Review :

Business case review for all significant technology based projects across the Bank :

Provide value-add analysis and recommendations on the Bank’s strategic, technology and operational investments, identifying opportunities for savings and driving effective expense management for business case and project spending across the enterprise

Validation for alignment to the SIP approved funding for all projects approved through SIP WG

Ensure benefits tracking commitments are in place, reasonable, and feasible

Project Governance :

Provide oversight and governance to ensure projects follow the Bank’s approval and expense policy, follow idea and business case development guidelines, and comply with Bank policies during and after execution :

Oversee the project management process and portfolio for corporate functions from idea approval through to post-implementation review and benefits tracking, ensuring alignment with EPMO policy

Identify recommendations to EPMO on process and policy improvements

Ownership and management of the Bank wide Expenditure Approval Authority Limits, including the communication of changes

Manage the project initiation process on Smartstream for all significant projects.

Ensure compliance with SOX and Audit requirements

Portfolio Management, Reporting, & Analysis :

The portfolio management, reporting, and analysis mandate includes the following :

Manage the All Bank capital budget planning and reporting process, including : planning, consolidation, analysis, testing for reasonability, and reporting of budgets and actuals on a quarterly and annual basis

  • Provide input to the strategic planning and financial reporting processes related to the Bank’s capital expenditures, depreciation and amortization;
  • Analyze and track the enterprise wide SIP pool, incorporating capacity planning and operating expense (ongoing and amortization) impact of approvals

    Provide enterprise-wide Corporate Function project reporting, including status and success (benefits) measurement

    Maintain a portfolio of SIP submission and business case data via CA PPM

    EDUCATION, SKILLS & EXPERIENCES REQUIRED :

    University Degree in Business or similar discipline

    CA, CPA, CMA, or equivalent an asset.

    5-7 years of relevant experience

    Demonstrated leadership skills and ability to coach a team of financial professionals.

    Strong analytical skills with the perspective of seeking opportunity for improvement

    Ability to sustain a broad-based knowledge of the Bank's and Corporate Functions’ strategy, operations, policies and procedures.

    A results-oriented individual who is able to lead change, with strong interpersonal, communication (verbal and written), and problem-solving skills

    Ability to multi-task effectively

    Experience in managing analytical and operational processes

    Ability to convey critical financial information to non-finance Executives

    Ability to understand and support the needs of a wide range of Corporate Functions while balancing the need of Finance to support cost containment / reduction

    Location(s) : Canada : Ontario : Toronto

    As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries.

    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.

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