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VELOCITY – Canadian Banking Finance – Balance Sheet Analysis – Winter 2021

Scotiabank

This is a Contract position in Toronto, ON posted November 1, 2020.

 

 

 

Requisition ID: 91402

 

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

 

 

 

Analyst, Balance Sheet Analysis (Co-op) 

8-Month Internship/Co-op (January-August 2021)

 

Recruitment Timelines: 

Deadline to Apply: November 9, 2020

Video Interview and Plum Assessment: November 9, 2020

 

Why work for Scotiabank?

Scotiabank is among the largest banks in the world and the most international bank in Canada. We are powered by our 100,000 high-performing (and awesome) teammates who make a real difference across the globe as a leading provider of advice, products, digital experiences, and financial services. Together with our Digital Factories around the world, we are dedicated to helping our 25 million customers become better-off.

 

This is a place where you’ll get to learn and develop your skills, while being recognized for your hard work. At Scotiabank, we’re passionate about bringing our whole selves to work, allowing us to create inclusive work environments for everyone to enjoy. Say hello to a career at Scotiabank!

 

Who We Are:

 

Canadian Banking Finance is a Business Support Area providing financial intelligence and analytical support to Canadian Banking Executive Management and Business Line Management in Retail, Automotive Lending, Small Business and Commercial Banking areas, as well as product development groups.

 

The Analyst, Balance Sheet Analysis (co-op) will be a member of the Strategic Financial Analysis team reporting to the Manager, Balance Sheet Analysis.  The co-op will be primarily responsible for preparing and automating weekly business mix reporting and assisting with the re-design, rebuild, and automation of existing financial models.  The co-op will also support the preparation and analysis of Canadian Banking’s balance sheet, interest profit, Net Interest Margin (NIM) and Provision for Credit Losses (PCL) for quarterly forecast and pre-quarter updates. In addition, the co-op will participate in deep-dive financial analysis to support strategic projects, initiatives, and transactions for the Canadian Banking division where possible.

 

WHO ARE WE LOOKING FOR?

 

  • An individual who has strong problem solving, quantitative and analytical skills; attention to details; ability to analyze business results and identify issues and trends

 

YOU WILL BE RESPONSIBLE FOR:

 

  • Weekly Business Mix Report Preparation – Prepare the weekly business mix report in an accurate and timely manner for all stakeholders, including making periodic enhancements as directed by senior management
  • Weekly Business Mix Report Automation – Automate the weekly business mix report process by creating a custom-built database and data extraction process using VBA or SQL queries
  • Forecast/Plan Process Improvement – Seek opportunities to enhance the balance sheet and interest profit planning and forecasting processes and assist with the re-design, rebuild, and automation of existing financial models, reporting and dashboards
  • Balance Sheet & Profitability Analysis – Support manager to analyze the Canadian Banking’s balance sheet, net interest income, margin and PCL; identify main drivers of interest profit at the individual product level; provide meaningful and relevant analysis and commentary for quarter end reporting, quarterly forecasts, annual profit plan and other management reports
  • Strategic Financial Analysis – Support manager to perform both ongoing as well as ad-hoc analyses; provide analytical support to business lines’ strategic projects and initiatives; support ad-hoc analytical opportunities driven by insights from summarizing large amount of data, including opportunities and threats for Canadian Banking (short as well as long-term)

 

YOU ARE…

 

  • Pursuing a University degree (Business or quantitative discipline) within a co-op program
  • Pursuing an MBA, CFA, or CPA considered an asset
  • Strong problem solving, quantitative and analytical skills; attention to details; ability to analyze business results and identify issues and trends.
  • Strong data management and modelling skills; ability to build and automate existing Balance Sheet & NII models, reports and dashboards
  • Excellent communication skills; ability to communicate findings/analysis and present ideas in a clear and concise manner.
  • Ability to multi-task, work independently, and deliver high quality results under tight deadlines.

 

YOU HAVE BASIC KNOWLEDGE IN …

 

  • Highly proficient in MS Excel and/or SQL, VBA or a comparable coding language
  • Proficient in MS Word and MS PowerPoint
  • Understanding of banking financial statements considered an asset
  • Knowledge of OBI/Hyperion/Smartview is an asset

 

How To Apply:

 

For students, we are focused on learning about who you are and what you’re interested in to uncover your true potential.  In short, we don’t believe resumes will provide us with an accurate depiction of what you’re truly about to properly assess your potential.  Instead we want to get to know YOU and hear about the experiences that have shaped you. We know… this might sound crazy but for students applying to one of our campus programs we are no longer requiring resumes. Instead we ask that as part of your application, you complete the below:

 

1. Complete your PLUM Profile: Please click here!

2. Save your PLUM Profile as a PDF.

3. Complete a short one-way video interview: Video Interview 

4. Apply to the role through our career site.

5. Upload a PDF of your PLUM profile instead of your resume when applying.

 

 

We welcome all applications, but can only respond to candidates selected for an interview. Scotiabank is committed to providing an inclusive and accessible candidate experience. Only those candidates selected for an interview will be contacted. If you require accommodation during the recruitment and selection process, please let us know. We will work with you to meet your needs.

 

 

**In order to be considered for the program you must submit your PLUM Assessment and Video Interview by no later than November 9, 2020.**

 

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. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.

 

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.