Requisition ID: 218745
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Global Banking and Markets

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank's strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries!

We work together to drive ambition for every future!

Purpose
As a Project Financials Control Group Associate, you will play a crucial role in overseeing and managing the financial aspects of a diverse portfolio within the GBM Portfolio. You will ensure the accurate tracking, forecasting, and reporting of project financials, while maintaining strong relationships with project managers and stakeholders to ensure projects stay within budget.

What You'll Do:

• Oversee 70% maintenance and 30% standard reporting, ensuring accurate communication of project financials.
• Serve as the point of contact for financial inquiries, providing detailed reporting figures and forecasts to stakeholders.
• Manage and update financial forecasts and accruals, coordinating with stakeholders.
• Monitor and report on financial metrics, ensuring accurate cost tracking.
• Handle invoice processing and maintenance, ensuring timely and accurate payments.
• Oversee timesheet management for 50-60 resources using tools such as Clarity, Fieldglass, and JIRA/Confluence.
• Maintain relationships with approximately 30-40 vendors, ensuring seamless contract management and record-keeping.
• Audit project deliverables, review time tracking reports, approve invoices, and ensure accurate drawdown records.
• Work with Delivery Managers and Vendors to collect and record accruals information accurately.
• Monitor project budgets and expenditures, ensuring transaction controls and costs align with budgets.
• Predict potential budget overruns and propose effective solutions.
• Evaluate contracts, cost proposals, and contract supplements.

What You'll Bring:

• Advanced Excel proficiency (index match, vlookup, complex formulas, centralizing information).
• 3-4 years of experience working with large volumes of data within Excel.
• 3-4 years of experience in financial forecasting, accruals, reporting, and project financial management.
• Basic accounting/finance knowledge (Actuals vs. Accruals vs. Forecast, Capital vs. Operating expense, financial project phases).
• Understanding of project financials and related challenges.
• Knowledge of project management and timesheet management tools (Clarity, Fieldglass, JIRA/Confluence).
• Capital market knowledge, including regulatory frameworks and related terminology.
• Superior attention to detail.
• Self-starter with a willingness to learn.
• Strong ethical standards for handling sensitive information.
• Team-oriented with excellent collaboration skills.
• Analytical mindset with the ability to articulate complex issues.
• Exceptional communication skills.
• Ability to work independently and manage time effectively.
• Bachelor's degree in a related field (Business, Finance, Accounting, etc.).

#LI-Hybrid #GBM2025

Interested?

If your experience is closely related but doesn't align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That's why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

Location(s): Canada : Ontario : Toronto
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
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.