Scotiabank Director Reviews | Glassdoor.ca

Scotiabank Director Reviews

Updated 5 March, 2019
61 reviews

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Director

3.0
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Scotiabank President and CEO Brian J. Porter
Brian J. Porter
36 Ratings

Employee Reviews

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Pros
Cons
  • "Long hours - difficult to maintain work life balance" (in 77 reviews)

  • "Can't work full time for CR position" (in 42 reviews)

More Pros and Cons

  1. "Constantly being challenged with stretch assignments. Perform well, and you advance."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in Toronto, ON
    Current Employee - Director in Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Scotiabank full-time (More than 10 years)

    Pros

    A large organization with many routes for career progression.

    Cons

    Technology need to be upgraded

    Advice to Management

    Romance the employees you want to retain.


  2. Helpful (3)

    "Banker - Global Banking and Markets"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Manager/Vice President/Associate Director in Toronto, ON
    Former Employee - Senior Manager/Vice President/Associate Director in Toronto, ON
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Scotiabank full-time (More than 8 years)

    Pros

    - Big 5 bank with a proven rep.
    - International footprint.
    - Really good in some businesses (punches above its weight).

    Cons

    - When the CEO calls the culture "overly collegial" (he did to the G&M in 2016), you know it's going to go south. And it did.
    - People just don't care about eachother.
    - There are less stressful places to earn more money.

    Advice to Management

    - Thanks for the all of the good years. Wish I got out sooner.

  3. Helpful (3)

    "My worst job experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Human Resources Director in Toronto, ON
    Former Employee - Human Resources Director in Toronto, ON
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Scotiabank full-time (More than a year)

    Pros

    Probably the only thing I can think is there are very good few professionals that really want to make a change. However there is a huge lack of empowerment.

    Cons

    Where to start? I was hire with very high expectations about my role, upper management said to me that their objective was to change how HR was helping our employees and how important it was the change. Since I joined I saw a terrible lack of empowerment at every level, people just don’t take decisions because they are afraid of having not support. The IT tools inside are way to old and complicated, I was never able to have a cell phone that worked and I was a having a Director role, my onboarding was terrible and at the end they let me go because the project I was hired for did not happen at all due to a lack of planning and budget issues they did not plan. I can say for sure this is the worst experience in my 20 years of career.

    Advice to Management

    Please allow people to make decisions. If this is one of the best companies to work for I can’t believe Managers are not empower m. That’s such a lack of trust.


  4. Helpful (1)

    "Account director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Director in Toronto, ON
    Current Employee - Account Director in Toronto, ON
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Scotiabank full-time (More than 10 years)

    Pros

    Vision (if we can achieve it), senior executive leadership and some good SVPs, global

    Cons

    Very political and game players are rewarded at lower levels--politics over quality of work. Some bad sneaky people (former steven Harper staffers who are weak and terrible communicators but good at being sneaky, playing politics and back stab their bosses and peers). --too many layers and weak people managers. Unprofessional and wasteful.
    A good stock to short if they don't clean up the weak people and execute. Quality over game playing should rule.

    Advice to Management

    Get rid of weak people with someone who has the ability to determine who is strong. Wastes hundreds of millions in internal areas that are overhead. Stop talking and execute! Wasting shareholder money and put an end to it: every dollar counts attitude. I've been at bns for 14 years and it's recent direction is good, but being fulfilled by weak people, so wasteful.


  5. Helpful (2)

    "Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in Toronto, ON
    Current Employee - Director in Toronto, ON
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Scotiabank full-time (More than 8 years)

    Pros

    Employee share program was enhanced

    Cons

    Retireeflex benefits being eliminated, pension changes are hurting employees, culture has changed to focus on profit and expense management. No engagement for employees as the company values international and external talent.

    Advice to Management

    Focus on creating an inclusive environment that employees want to work for.


  6. Helpful (2)

    "director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in Toronto, ON
    Current Employee - Director in Toronto, ON
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Scotiabank full-time (More than 3 years)

    Pros

    Very strong work ethic. People generally get along really well. Would suggest this is one of the least political environments I have worked in.

    Cons

    Process and systems support create a lot of unnecessary spin.


  7. Helpful (1)

    "17 yr veteran"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in Toronto, ON
    Current Employee - Director in Toronto, ON
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Scotiabank full-time (More than 10 years)

    Pros

    Nice people to work with

    Cons

    Bureaucratic, difficult to progress based on merit (more based on business need)

  8. "Changes..."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Managing Director in Toronto, ON
    Former Employee - Managing Director in Toronto, ON
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Scotiabank full-time (More than 5 years)

    Pros

    Compensation and benefits are solid

    Cons

    Company is going through considerable change. Strategy and direction keeps changing, making it difficult for leaders to make day-to-day decisions.


  9. Helpful (2)

    "Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in Toronto, ON
    Former Employee - Director in Toronto, ON
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Scotiabank full-time (More than 8 years)

    Pros

    Multicultural environment, exposure to Latin America market and culture

    Cons

    Very little attention to their most important asset, their employees, much money goes to marketing, less and less to their employee's benefits plan.

    Advice to Management

    Leadership startup from understanding your internal customers, do not trash your biggest asset.


  10. Helpful (1)

    "Special Projects"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director, Special Projects in Toronto, ON
    Current Employee - Director, Special Projects in Toronto, ON
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I have been working at Scotiabank full-time (More than 10 years)

    Pros

    There are many job opportunities and advancements

    Cons

    Not a good culture to work in

    Advice to Management

    Needs better decision makers