Requisition ID: 233832
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Accountable for the overall success of the International Benefits programs for Total Rewards, ensuring specific individual goals, business strategies, plans and initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

IS THIS ROLE RIGHT FOR YOU? IN THIS ROLE, YOU WILL:

• Lead and drive a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Manage the research and analysis of the impact of federal, provincial and stateside benefits legislation for compliance, benefits design, administration, and strategy.
• Establish and manage external provider relationships to ensure quality service is achieved.
• Ensure benefit programs are designed within consideration of needs, cost-efficiency, competitive positioning, emerging industry trends and innovations, governance and best practices. Products and programs include (but not limited to) group insurance benefits for active employees and retirees, leaves of absence, vacation, wellness, EFAP and other employee benefit programs.
• Manage the actuarial and financial oversight of benefit programs and policies globally to ensure relevance and alignment with the Bank’s priorities:
• Work in collaboration with external vendors and internal counterparts within finance to establish and monitor the cash funding and financial reporting policies and governance processes for the Bank’s benefits programs globally.
• Manage underwriting arrangements and related renewals with external providers and set price tags and premiums for flexible plans for annual/biannual re-enrollment processes
• Establish and maintain effective relationships with internal stakeholders such as:
• Various business lines, relationship management teams, and compensation colleagues to ensure benefit programs meet business needs and objectives
• Employee Relations, Employment Law Group, Strategic Sourcing, Privacy and Security to ensure plans and contracts effectively manage risk and meet bank compliance requirements
• Provide benefit expertise in support of business strategies including mergers, acquisitions and outsource initiatives. Provide consultative services on matters of benefit policy rationale, interpretation and application, including contract review, educational materials and employee presentations
• Lead the various phases of integrated benefit product launches and/or implementation of program updates/modifications.
• Accountable for cost/benefit analysis, gap analysis and preparation of proposals for annual policy renewals and business case approval by Senior Executives.
• Leads the development and implementation of long-term, strategic wellbeing initiatives.
• 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.
• Builds a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and, managing succession and development planning for the team.

DO YOU HAVE THE SKILLS THAT WILL ENABLE YOU TO SUCCEED IN THIS ROLE? WE’D LOVE TO WORK WITH YOU IF YOU HAVE:

• A minimum of 8+ years of experience in group pension & benefit management
• A strong understanding of benefits program design in the Caribbean, APAC and Europe is preferred
• Strong underwriting background is an asset
• In-depth knowledge and understanding of group benefit principles, processes and legislation, including financial and underwriting concepts
• Excellent oral and written communication skills
• Ability to think strategically, conceptually and creatively when developing new benefit programs and/or reviewing existing programs. Including the ability to quickly gather, analyze and synthesize new/ changing information and create sound recommendations and strategies that address organizational needs, recognize financial constraints and consider short and long term impacts
• High degree of initiative and the ability to focus, prioritize and action multiple projects with conflicting deadlines
• The ability to work independently and as part of a team, including the ability to build strong working relationships with a large number of individuals across the Bank and among external advisors and vendors
  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. 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