Manager, Regulatory Reporting

Scotiabank•Houston, TX

About The Position

In this role as a Manager, Regulatory Reporting, you will contribute to the overall success of the U.S. Finance Department, ensuring specific individual and departmental goals, plans, initiatives are executed and delivered in support of the team’s business strategies and objectives within the U.S. and globally as part of Global Business Markets (GBM). The Manager, Regulatory Reporting must ensure all activities conducted are in compliance with governing regulations, internal policies and procedures for Houston Branch and Scotia Holding (USA), LLC. It includes preparation and review of regulatory reports, manages / coordinates the issues identified around AXIOM logic and data integrity / quality issues for Houston Branch’s reporting perspective.

Requirements

Strong Accounting knowledge and comprehension of U.S. GAAP accounting rule / instructions
5+ years working experience in financial and regulatory reporting at a large and complex banking organization or consulting firm.
Proficient PC Skills, especially in MS Office Suite. Intermediate to Advanced skill in Excel is a must.
Strong work ethics with a proactive attitude and high level of accountability
Quick learner with demonstrated curiosity and adaptability in a dynamic environment.
Strong written and verbal communication skills including presentation skills to senior management.

Nice To Haves

Working knowledge of the reporting tool (Axiom) used by the department to produce the regulatory filings.
Experience with AXIOM or similar reporting tools is an asset.
A good understanding of banking and capital markets business is a plus

Responsibilities

Prepare regulatory reports in accordance with US GAAP and reporting instructions covering daily, weekly, monthly, quarterly, and annual reports (e.g., FR2900, FFIEC 002, Borrower-In-Custody (BIC), TIC reports).
Perform thorough review of regulatory reports as assigned to ensure compliance with the regulatory reports’ instruction and proper controls in places.
Document and monitor issues related to system / data quality from regulatory reports. Continuously drive accountability for accuracy of Critical Data Elements (CDEs) used for Regulatory Reporting. Work with team members for initial root causes analysis and resolution channel.
Collaborate with various stakeholders across business and functional areas of the Bank (i.e., AXIOM Project team, Data Governance, Operations, Treasury, Credit Risk, Product Control, IT, to interpret, operationalize and implement new reporting requirements and to resolve known and self-identified issues.
Participate in end-to-end testing on all AXIOM BAU releases as applicable.
Help prepare and coordinate requested information and answer questions from Internal Audit, Quality Assurance Internal Control, and external Fed Exams. Implement improvements to process and controls based on testing results.
Create/update Policies & Procedures and other documentations including process flows and risk control matrices.
Assist in the data collection for regulatory reporting metrics for dashboards.
Prepare presentation decks to internal stakeholders. Assist in the development and/or updating training material and conduct training, as necessary.
Attends required Finance, U.S. GAAP/IFRS, Regulatory, and any mandatory Compliance training.
Ability to respond promptly and sufficiently to ad-hoc regulatory requests while ensuring other deliverables are met.
Demonstrate an ability to exercise a high degree of initiative, independent judgement, and self-direction in meeting objectives and solving problems while knowing when to reach out for clarification and/or assistance.
Other Projects as assigned.