Main Responsibilities Of An Associate Strategy At Scotiabank
As a Strategy Associate at Scotiabank, Veikko's responsibilities included developing "short and long-run" strategic plans— encompassing one- to two-year and five- to ten-year goals—and leading "cost reduction initiatives" through internal consulting projects to improve operational efficiency and profitability. This involved significant research and collaboration with various bank stakeholders.
Strategic Planning, Financial Analysis, Cost Reduction, Stakeholder Management, Research
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Veikko Petrozzi
Associate Strategy
Scotiabank
Universidad de Lima - 2011 (Peru)
UCLA Anderson School of Management
Accounting
Finance (Banking, Fintech, Investing)
Finance
International Student
Video Highlights
1. Develops short-term (1-2 years) and long-term (5-10 years) strategic plans for Scotiabank, including goals, investments, and achievement strategies.
2. Conducts internal consulting projects focused on cost reduction and operational efficiency improvements.
3. Collaborates extensively with various stakeholders and departments within the bank through research and analysis.
Transcript
What are your main responsibilities within your current role?
In Scotia Bank, I worked as a strategy associate. I had two main roles.
One was to help the bank develop a new strategy for them, both short-term and long-term. This included a one-to-two-year plan and a five-to-ten-year plan. These plans would outline the company's main goals, investments, and ways to achieve them through different mechanisms within the bank.
The other role was as a specialist in cost reduction initiatives. I would conduct internal consulting projects for the bank to identify areas where we could cut costs and become more operationally efficient and profitable.
Within these roles, most of my time was spent on research and working with various stakeholders and departments across the bank. That was the nature of these two roles.