Manager, RESL Finance - Canadian Banking Finance

About This Role

Managing the Real Estate Secured Lending (RESL) Finance Team, this role focuses on the planning, forecasting, and analysis of RESL's balance sheet, revenue, Net Interest Margin (NIM), and expenses. The manager will support the SMA, HFS, and MOSE business units with expense and FTE management and forecasting, including the annual Zero Based Budgeting (ZBB) exercise. This position also involves assisting the Senior Manager with in-depth financial analysis for strategic projects and initiatives within RESL and Canadian Banking.

Responsibilities

• Support the delivery of forecasts and profit plans, including Quarterly Forecasts, Pre-quarter Estimates, Weekly/Daily updates, Stress Testing, 3-Year Strategic Plan, and Annual Profit plan
• Perform heavy lifting with the ZBB exercise in support of the RESL Business Line
• Ensure the timely collection of data and actuals reporting to support forecasting
• Review assumptions and complete analysis to ensure accuracy and completeness of deliverables and understand the impacts to relevant performance metrics of the business
• Coordinate and communicate deliverables within the Business Line and Finance
• Collaborate with the Business to prepare meaningful commentary on submitted forecasts and plans
• Respond to inquiries from business line partners, finance, and other key stakeholders
• Manage expenses and FTE for SMA, HFS, and MOSE business units
• Act as subject matter expert and relationship manager for the SMA, HFS, and MOSE businesses
• Focus on forecasting, tracking, and reporting of expenses and staffing against budget/plan
• Analyze expense results and forecasts and explain the drivers behind the variances and impact to overall results
• Perform value-add deep-dives and ad-hoc analysis to provide insights into the expense drivers and results
• Participate in the resolution of issues resulting from analysis
• Support Senior Manager with the analysis of RESL’s portfolio/balance sheet, net interest income, NIM, PCL, expenses, and key performance metrics
• Identify main drivers of interest profit and expenses at the business unit and product levels
• Provide meaningful and relevant analysis and commentary for monthly and quarter-end reporting (including the Blue Book) and other management reporting
• Act as an expert user of financial reporting, planning, and forecasting systems and tools, including Hyperion and EGL/OBI/Smartview
• Support Senior Manager with other strategic financial analysis and projects including revenue opportunities, strategic transactions, new product/program offerings, amongst many other initiatives
• Foster partnerships within the RESL Business Line and provide financial analysis support and insights as required across the business