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Business Analyst- Toronto (37.5 hours/week)

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Scotiabank

28d ago

  • Job
    Full-time
    Mid & Senior Level
  • Data
    Business, Operations & Strategy
  • Toronto

AI generated summary

  • You need a university degree or college diploma, advanced MS Office skills, BI tool proficiency, financial services experience, strong problem-solving, communication, and interpersonal skills.
  • You will analyze fund activities, develop expense management processes, provide system support, ensure regulatory compliance, and streamline operational workflows while collaborating across teams.

Requirements

  • University Degree or equivalent College Diploma
  • Advanced proficiency in Microsoft Office suite (Access & Excel)
  • Proficiency with a BI Tool (preferably Microstrategy)
  • Experience with the mutual fund / financial services industry
  • Completion of IFIC operations and / or CSC an asset
  • Knowledge of industry databases (i.e. ifast FundSERV) an asset
  • Excellent problem-solving and decision-making skills
  • Proven experience leading operational projects
  • Strong influencing skills
  • Excellent verbal and written communication skills
  • Ability to multi-task with conflicting priorities
  • Ability to accept challenges and adapt to a changing environment
  • Strong interpersonal skills with an emphasis on building relationships

Responsibilities

  • Performs complex analyses to produce reporting on various funds and fund related activity. The frequency of reporting and analysis will be regular (monthly, quarterly, semi-annually, annually) as well as ad-hoc as required.
  • Develops and documents processes and standards for expense management, to ensure controls, quality, integrity and delivery of reporting and analysis produced.
  • Investigates and performs complex calculations (including manual) pertaining to tiered fees, scaled fees, rebates, personal rates of return (PROR) and blended discount calculations wherever required.
  • Provides system support and troubleshooting for: Salesforce, Seismic, MicroStrategy, including mobile versions.
  • Contributes toward defining and meeting team goals that align to corporate goals; investigates methods of increasing productivity, accuracy, and efficiencies within the business unit.
  • Provides subject matter expertise regarding Alternative Products, Specialty Programs, Management Fee & Management Fee Rebate business processes including system features and Standard Operating Procedures (SOP’s).
  • Works with the Dynamic Sales team and back office support functions (including the Customer Relations Centre, Client Administration, Finance and IT).
  • Contributes to streamlining processes regarding exception requests and assists in related issue resolution.
  • Develops and administers software tools to identify the need for adding controls to external departments’ business processes, particularly where it impacts data integrity for Dynamic Funds.
  • Works with dealers/clients and Operational groups to support platform level processes. Stays abreast of operational impacts to the business as a result of industry process changes.
  • Remains current on regulatory updates through regular communications with Compliance regarding operational issues, alternative products and programs and special projects that directly impact the Dynamic Funds business.
  • Conducts preemptive analysis of changes from regulatory bodies such as IIROC/MFDA/AMF to identify areas of greatest impact and allow for the Dealer/Client community to prepare for the changes.

FAQs

What are the working hours for this position?

The working hours for this position are 37.5 hours per week.

Is this position based in Toronto?

Yes, this position is located in Toronto, Ontario.

What qualifications are required for the Business Analyst role?

The role requires a University Degree or equivalent College Diploma, advanced proficiency in Microsoft Office suite (especially Access and Excel), proficiency with a BI Tool (preferably MicroStrategy), and experience in the mutual fund/financial services industry.

Is it necessary to have industry-specific certifications for this job?

Completion of IFIC operations and/or CSC is considered an asset, but it is not explicitly required.

What skills are emphasized for this role?

Key skills include excellent problem-solving and decision-making skills, proven experience leading operational projects, strong influencing skills, and excellent verbal and written communication skills.

How does the role contribute to business processes and continuous improvement?

The Business Analyst contributes to defining and meeting team goals that align with corporate goals, investigates methods to increase productivity and efficiencies, and streamlines processes regarding exception requests.

What tools and systems will the Business Analyst support?

The Business Analyst will provide system support and troubleshooting for tools like Salesforce, Seismic, and MicroStrategy, including mobile versions.

Will I need to collaborate with other departments in this role?

Yes, you will work collaboratively with internal business partners such as Operations, Compliance, Legal, Finance, HR, Marketing, and IT.

Are there opportunities for professional development in this position?

Yes, as part of a leading bank, there are opportunities for professional development and career growth within Scotiabank.

How does Scotiabank ensure an inclusive work environment?

Scotiabank values unique skills and experiences and is committed to maintaining an inclusive and accessible environment for everyone. They provide accommodations during the recruitment process upon request.

What is the main purpose of the Business Analyst role?

The main purpose of the Business Analyst role is to use sophisticated analytics and reporting to identify operational impacts and efficiency gains in Dynamic Funds activities and initiatives, while supporting new business activities to enhance sales quality.

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Scotiabank

Finance
Industry
10,001+
Employees

Mission & Purpose

Welcome to Scotiabank. We serve thousands of customers, families, and communities across the globe, helping them achieve success through advice, products, and services. Follow for news, insights, thought leadership and more.

Culture & Values

  • Respect

    Everyone is always treated with dignity; diverse backgrounds and experiences are what make us better as a whole.

  • Integrity

    Acting honorably comes first – earning the trust of our customers (and each other) is what matters most.

  • Passion

    We’re enthusiastic about what we do, and want you to feel the same way. Imagine coming in to work, and actually feeling excited to learn!

  • Accountability

    We commit, we take action, and most importantly, we take responsibility for those actions. It’s just the right thing to do.