Manager, Finance Operational Risk Assurance

Scotiabank•Dallas, TX

19h

About The Position

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group. Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future! Purpose Contributes to the overall success of the Finance Department in United States of America ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted follow current governing regulations, internal policies, and guidelines. The incumbent will have interactions with a broad range of professionals in U.S. Finance and stakeholders and will be expected to influence and educate them on source documentation requirements, process improvement, and internal controls.

Requirements

Bachelor’s degree in accounting or finance with good knowledge of technology.
Minimum 7 years of relevant experience in Internal Audit / Regulatory Reporting / Internal Controls testing of regulatory and financial reporting for financial institutions.
CPA designation or other relevant professional designations.
Attention to detail and strong organization and analytical skills.
Demonstrate an ability to learn and succeed in a fast-paced environment, exercise a high degree of initiative, independent judgement, and self-direction in a team working environment.
Collaborate effectively with multiple stakeholders across multiple functional areas of the Bank (Front office, Middle Office, Back Office, Credit Risk, Product Controls) to promote a robust control framework environment.
The role requires knowledge of regulatory and financial reporting including an awareness of emerging regulatory requirements impacting changes to available data. Specific knowledge of Federal Reserve regulatory reporting for foreign banking organizations.
Solid understanding of overall banking business and products especially oriented to Capital Market sectors.
Solid understanding of overall banking business and products.

Responsibilities

Responsible for design and execution testing plans to verify the adequacy of internal controls over financial reporting, including verifying controls at trade origination point, middle office, back office, and GL booking and reconciliations.
Responsible for design and execution of strategies and testing plans to verify the adequacy of internal controls over regulatory reporting; validation to source documents (transaction testing); and ensuring compliance with regulatory reporting instructions.
Perform SOX documentation updates.
Perform issue closure review by following up with issue owners, gathering closure supports, and conduct review of remediation actions.
Conduct effective walkthroughs/interviews with clients to understand the process and perform thorough field works for testing. Identify and determine the root cause of the weakness, make recommendations and present to stakeholders for remediations. Prepare finding reports on engagements performed for relevant stakeholders.
Assist in liaison with external auditors and regulator requests.
Maintain and facilitate update of group Policy and Procedure documentation.
Assist in other projects, as required.
Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Actively pursues effective and efficient operations of his/her 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.
Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
Champion a high-performance environment and contributes to an inclusive work environment.