Manager, Loan Portfolio Revenue Control

Scotiabank•Toronto, ON

2d•Onsite

About The Position

Support the overall success of Pricing Analytics in Canadian Business Banking by ensuring specific individual goals, plans, and initiatives are executed/delivered in support of the team’s business strategies and objectives. Ensure all activities conducted are in compliance with governing regulations, internal policies, and procedures. Support the development and ongoing maintenance of Pricing Analytics capabilities to support the Canadian Business Bank’s Pricing Platform – Precision Lender as well as the Pricing roadmap. Led by Senior Manager, Pricing Analytics, the Pricing Analytics Manager will analyze key performance indicators and support the implementation of pricing and revenue enhancement strategies. The individual exhibits a high degree of flexibility and can effectively manage numerous competing priorities.

Requirements

Bachelor’s degree in Statistics, Computer Science, Business or related field or relevant experience
Minimum of 2+ years of experience in commercial banking preferred
Experience in business banking operations would be an asset
Familiarity with internal systems such as STO, SDR, OLL, and Intralink is an asset
Excellent analytical skills. Must be able to source, manipulate and interpret data, perform analysis and make informed recommendations. Experience in building statistical models is a plus
Proficiency in SQL, Python and business intelligence tools such as Power BI are required
Experience with product development tools such as JIRA/Confluence to meet business objectives.
Working knowledge of banking products, especially pricing methodological knowledge such as customer value and price elasticity a plus but not essential
Enjoy discovering and learning new technologies
Familiarity with analytic processes and data-based decision making, including statistical modeling
Strong technical skills in Math, Computer Science or related fields
Attention to detail and drive to deliver on time are required

Nice To Haves

MBA or Master’s degree in Statistics/Computer Science/Analytics a plus
Excellent prioritizing, presentation, and communication skills would be a plus

Responsibilities

Support the development and maintain robust pricing strategies and models
Acts as a subject matter expert on current pricing platform, pricing strategy and policy
Support ongoing optimization of the pricing platform, pricing strategy and policy
Supports the Pricing team in owning Business Banking pricing model components that impact return such as capital, risk, collateral, customer segment, cost methodology and funds transfer pricing (FTP), ensuring their methodology is up to date
Support the performance monitoring of pricing recommendation models, Support model recalibration and enhancement through data preparation, feature engineering and model building
Lead the validation of model form and elasticity curve parameters against business knowledge through scenario testing
Responsible for implementing test and learning approaches to enhance pricing effectiveness and revenue generation, such as trade-off analysis for pricing scenarios, post-implementation measurement of pricing strategies, and analytics-driven pricing tactics
Develop codes to combine and prepare pricing-related data sourced from pricing platform (PrecisionLender) and other Databases
Perform variance analysis, identify trends, and make recommendations for improvement to pricing and valuation methodologies
Clearly understand factors impacting Business Banking pricing models (products, credit structure, relevant pricing parameters, funding curves etc.), perform and review optimization scenarios to support changes to customer segment level pricing strategies
Lead the development of reports and dashboards to track pricing performance KPIs, including but not limited to profitability, pricing realization, win/loss ratio, competitive pricing, across different products, lines of business, pricing segments, and geological locations
Develop codes to automate reporting and reduce manual processes
Ensure analysis and reports are produced in a timely fashion with a high degree of accuracy
Support the development of required tools to improve efficiency and user experience of pricing reports
Works collaboratively with key stakeholders including Analytics, Data Engineering, Client Measurement, Treasury and Salesforce/nCino to understand data infrastructure and provide feedback for improvement
Work with technology and other relevant stakeholders to support data infrastructure development, such as validating data quality and testing data linkage
Contribute to delivering excellent user experience, such as supporting product owners with training, supporting user requests/escalations etc.
Proactively support various pricing stakeholders on initiatives and ad-hoc analysis
Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Actively pursues effective and efficient operations of his/her 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.
Champions a high-performance environment and contributes to an inclusive work environment.