Manager, U.S. Broker Dealer Regulatory Reporting

Scotiabank•New York, NY

4d•Onsite

About The Position

The Manager, U.S. Broker Dealer Regulatory Reporting contributes to the success of Scotia Capital (USA) Inc.’s Finance & Regulatory team, supporting business strategies and objectives while ensuring compliance with applicable regulations, internal policies, and procedures. The role is responsible for information and data quality in accordance with enterprise technology and data management standards, and for maintaining strong regulatory reporting information quality and management information disciplines. The position supports preparation of core broker-dealer regulatory reports, reporting procedures and controls, audit and regulatory inquiries, analytics, and management packages. It works with business support partners and teams across Risk, Operations, Front Office, and Treasury to improve processes, support the business, and help optimize the SCUSA balance sheet while maintaining capital compliance. The role also uses technology to automate regulatory filings and stays current on regulatory changes through industry conferences and training.

Requirements

Accounting or Finance degree.
Knowledge of finance and accounting principles.
Excellent communication and interpersonal skills.
Experience with broker-dealer regulatory reporting, including awareness of emerging regulatory requirements that may affect changes to or enhancements of available data.
Skill in implementing reporting with a system of controls.
Organization and ability to multitask.
Familiarity with pivot tables and macros, and understanding of how critical data elements affect downstream reporting.
Ability to introduce AI to streamline day-to-day processes.
Knowledge of SEC Rule 17a5 Compliance Report controls.
Understanding of SEC regulations 15c3-1 and 15c3-3.
Ability to work in a standard office-based environment; non-standard hours are a common occurrence.
Limited domestic travel.

Nice To Haves

FINRA registration and broker-dealer certifications.

Responsibilities

Support preparation of broker-dealer regulatory reports, including monthly FOCUS reports, daily 15c3-1 net capital and 15c3-3 customer reserve computations, supplemental FINRA reporting, TIC, FR Y-15, CUSO reporting, U.S. Department of Commerce surveys BE-605 and BE-185, and bi-monthly FINRA short interest reports.
Assist in developing procedures and flowcharts for monthly FOCUS reporting, regulatory capital and client protection processes, and FRB reporting for TIC and Y-15.
Assist with audit inquiries and investigations from internal audit, regulators, and public accounting firms, including FINRA, CME, CFTC, SEC, KPMG, PwC, and the Federal Reserve.
Assist with daily and monthly analytics, quarterly board packages, and other management packages.
Support Senior Managers with audit requests and regulatory ad-hoc requests from regulators, external and internal auditors, and FOR A; maintain and monitor audit request logs to ensure requests and issues are closed promptly.
Develop and enhance internal work papers to improve process efficiency.
Support the Senior Manager in working with Risk, Operations, Front Office, and Treasury to find solutions that maximize the SCUSA balance sheet, reduce capital costs, and grow the business while maintaining capital compliance.
Work with business support partners to understand the supported business and help ensure the team receives appropriate data.
Promote effective and efficient operations in accordance with Scotiabank’s Values, Code of Conduct, and Global Sales Principles, while maintaining effective day-to-day business controls for operational, compliance, AML/ATF, sanctions, and conduct risk obligations.
Attend industry conferences and training events to stay current on rule and regulatory changes that may affect the broker-dealer.
Champion a high-performance environment and contribute to an inclusive work environment.
Consider the Bank’s risk appetite and risk culture in day-to-day activities and decisions.
Use technology to automate regulatory filings, including 15c3-3 Customer Reserve, FR Y-15, and FINRA supplemental reports, to increase resiliency, transparency, and accuracy.