Manager, Regulatory Reporting - Finance

Scotiabank • Toronto, ON

6d • Onsite

About The Position

Contributes to the overall success of the Regulatory Reporting, Global Finance in Canada ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensure all activities conducted are in-compliance with governing regulations, internal policies and procedures.

In this role, the individual will champion a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge. Key responsibilities include preparing and reviewing assigned returns for the Bank and its subsidiaries, providing effective governance including accurate and timely filing of financial reports with various regulators, and analyzing reports with large data sets to identify patterns, trends, and insights. The role involves working with cross-functional teams to document business rational for variances, proactively resolving problems, and providing explanations to Senior Managers. Additionally, the individual will interpret and implement new reporting requirements, manage system and procedural changes, and prepare process documentation. Collaboration with internal control testing teams and internal audit is expected, as is coaching and mentoring team members. The role also involves participating in accounting and other initiatives impacting financial regulatory filings, embracing and driving change, and managing ad-hoc projects. Understanding and applying the Bank's risk appetite and risk culture, and ensuring effective and efficient operations in accordance with Scotiabank's Values, Code of Conduct, and Global Sales Principles are also key aspects of the position.

Requirements

• Bachelor’s degree in Accounting, Finance or a related field
• 3+ years of progressive experience in Finance operations or accounting roles
• Excellent analytical skills, passion for accuracy, attention to detail and problem-solving abilities
• Effective communication and interpersonal skills to collaborate with cross-functional teams and present financial information clearly
• Strategic thinking, curiosity, communication, results-orientation, leadership skills
• Advanced skills in Microsoft Excel, PowerPoint, Alteryx and PowerBI

Nice To Haves

• CPA/CFA certification is an asset
• Experience or knowledge of loyalty program financial structure is a plus
• SQL/Excel VBA is an asset

Responsibilities

• Prepare and review assigned returns for the Bank as well as the assigned subsidiaries
• Provide effective governance including accurate and timely filing of all financial reports with the Regulators (e.g., OSFI, Bank of Canada, Statistics Canada, CDIC, AMF, FED, SEC, DTCC) and keeping abreast of regulatory changes.
• Analyze reports with large data sets to identify patterns, trends, insights and work with cross-functional teams in documenting the business rational for variances above the thresholds; proactively resolve any problems and provide explanations to Senior Managers where appropriate.
• Interpret and implement new reporting requirements and manage the implementation of system and procedural changes to ensure compliance with new regulatory requirements.
• Prepare and maintain process documentation and operational guidance for the assigned returns.
• Work with internal control testing team/internal audit to coordinate and complete the testing requirements by participating in the walkthrough meetings, follow-up meetings and provide requested artifacts where applicable.
• Work collaboratively and coach/mentor team-members to ensure knowledge sharing, best practices and process improvements.
• Participate, as required, in accounting and other initiatives impacting financial regulatory filings, including new or enhanced systems, changes in accounting standards, new products or acquisitions and disposals; perform regulatory tree review/update and review CRFs to assess impact on regulatory reporting, as assigned.
• Embrace and drive change as required; identify opportunities to improve efficiency and propose changes to Senior Manager /Director.
• Manage ad-hoc projects as assigned by Senior Manager/Director or other areas in the group.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursue 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.
• Champion a high-performance environment and contributes to an inclusive work environment.

Benefits

• The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
• A rewarding career path with diverse opportunities for professional development.
• Internal development to support your growth and enhance your skills.
• An organization committed to making a difference in our communities– for you and our customers.
• We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!

What This Job Offers

• Job Type: Full-time
• Career Level: Manager