Director, Global Benefits - Toronto, Canada - Scotiabank

Scotiabank

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Requisition ID: 199072

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

What you'll be doing.
Provides strategic direction and leadership for employee health, wellbeing and leaves, aligned with the Bank's talent, financial, and inclusion strategy

Is this role right for you? In this role you will:

Direct the research, design and development of the Bank's benefit programs globally, consistent with the Bank's business and total rewards objectives, with particular focus on cost management, wellness, emerging industry trends, market competitiveness and legislative requirements.
Lead employee communications for all benefit initiatives to support engagement of employees and encourage appreciation and appropriate utilization of the benefit plans.
Develop and maintain global benefits governance framework, addressing design, governance, funding and operations of the Bank's Global benefit plans including multinational pooling opportunities and regional broker agreements.
Champion the Bank's wellness strategy in Canada and around the world. Lead the development of initiatives, programs and policies that support physical and emotional wellness and healthy employees.
Direct 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.
Oversee the preparation of actuarial valuations by external consulting staff.
Direct the financial analysis of benefits for new, existing, or other initiatives (such as mergers, acquisitions and divestitures).
Manage underwriting arrangements and related renewals with external providers and set price tags and premiums for flexible plans for annual/biannual reenrollment processes.
Look for opportunities to consolidate, streamline, and expand existing programs/policies to drive operational efficiency and economies of scale.

Do you have the skills that will enable you to succeed? We'd love to work with you if you have:

8+ years of relevant leadership experience resulting in expert knowledge of design, pricing, funding and accounting of global active and retiree benefit arrangements.
Excellent written, verbal communication and presentation skills in order to clearly summarize and effectively share complex information with diverse audiences.
Strong knowledge of Canadian federal/provincial benefits & tax legislation.
The ability to work independently and as part of a team, including the ability to build close working relationships with a large number of individuals across the Bank and among external advisors and regulators.
Knowledge of postretirement benefits funding and accounting, including International Financial Reporting Standards (IFRS).
FCIA and/or FSA would be an asset.

What's in it for you?

The opportunity to join a forwardthinking and collaborative team, surrounded by innovative thinkers
A rewarding career path with diverse opportunities for professional development
Internal training to support your growth and enhance your skills
An inclusive working environment that encourages creativity, curiosity, and celebrates success

This is a temporary, full time role till Sep 2025.
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.