Manager, AI Financial Management

Scotiabank•Toronto, ON

9d•Onsite

About The Position

The Manager, AI Financial Management is responsible for executing core financial analysis, reporting, and cost monitoring activities related to AI spend. This role provides foundational support for transparency, budgeting, and optimization efforts across AI initiatives. The incumbent partners with Technology, Finance, and AI teams to track AI costs, produce insights, and maintain financial data integrity, enabling disciplined and efficient AI investment management.

Requirements

University degree in finance, business, or related field
3–6 years of experience in financial analysis, planning, or reporting
Foundational understanding of cloud and/or technology cost drivers (AI exposure is an asset)
Strong analytical and Excel/data skills
Exposure to financial systems and reporting tools (e.g., Power BI, Apptio, cloud cost tools) preferred
Strong attention to detail and ability to manage data accuracy
Effective communication and stakeholder collaboration skills
Eagerness to learn and grow in AI FinOps and technology finance

Nice To Haves

AI exposure is an asset

Responsibilities

Executes end-to-end financial tracking and analysis of AI-related spend across infrastructure, platforms, models, and data, ensuring visibility into key cost drivers.
Maintains and enhances cost attribution models and reporting frameworks, improving accuracy and usefulness of AI financial insights.
Performs in-depth analysis of AI cost drivers (e.g., compute consumption, model utilization, workload patterns), identifying trends, anomalies, and efficiency opportunities.
Supports budgeting and forecasting processes by developing driver-based analyses, variance insights, and forward-looking projections for AI investments.
Proactively identifies cost optimization opportunities (e.g., underutilized resources, inefficient workloads, model usage patterns) and recommends actions to the team.
Develops and delivers recurring dashboards, performance metrics, and financial insights that inform stakeholder decision-making.
Partners with Technology and AI teams to understand operational drivers of cost and validate financial assumptions and trends.
Ensures data integrity and consistency across financial reporting, resolving discrepancies and improving data quality processes.
Supports governance and control processes by applying financial policies, tracking adherence, and identifying potential risks in AI spend.
Contributes to vendor financial management activities, including cost tracking, invoice validation, and basic benchmarking analysis.
Continuously builds knowledge of AI/ML cost structures and FinOps practices, applying learnings to enhance analysis and insights.
Interprets financial results and communicates implications clearly to stakeholders, escalating key risks or opportunities as needed.
Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Creates an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s 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.