Manager, U.S. Broker Dealer Regulatory Reporting

Scotiabank•Dallas, TX

12h

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 The position is chiefly responsible for assisting in the completion of the Securities Exchange Commission Regulation 15c3-3 Customer Reserve Requirement calculation. The position is also responsible for assisting in the preparation of the FOCUS Report, related supplementary schedules, the daily 15c3-1 Net Capital Computation. The position is also responsible for assisting in the preparation of audited and unaudited regulatory statements disclosures. Contributes to the overall success of US Finance ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures. The role has responsibility to ensure that information and data quality standards in accordance with the enterprise technology and data management standards for accurate, complete, and timely financial information. The incumbent also has responsibility to develop and maintain strong financial reporting, information quality, and MIS disciplines.

Requirements

Finance or Accounting Degree Required
5-10 years of relevant experience in Broker Dealer Regulatory Reporting or relevant skills.
Strong knowledge in financial accounting, preference - Broker Dealer.
Skilled at implementing reporting with a system of controls.
Strong analytical skills and an internal control mindset.
Individuals that seek to learn and improve processes

Responsibilities

Responsible for the preparation of the 15c3-3 Customer Reserve Requirement calculation.
Collaborate with technology and other key partners to enhance the 15c3-3 Reserve calculation, including developing risk control matrices, detailed procedures, and process flows.
Assist in end-to-end monthly 15c3-3 reconciliation process from FOCUS report, to Financials, to local ledger.
Responsible for completing the monthly 15c3-3 stock record reconciliations to the FOCUS Balance Sheet.
Prepare and present Regulatory monthly analytics to senior management.
Assist in researching rule interpretations and providing regulatory guidance for new product initiatives or business strategies to ensure CUSO remains in regulatory compliance while growing its business activities.
Cross train with team members and shares industry knowledge with the team.
Develop and maintain strong regulatory reporting, information quality, and MIS disciplines in order to provide key internal and external stakeholders with the information needed to make decisions.
Enhance existing reporting practices by benchmarking activities against best practice and industry peers.
Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Assist with ad hoc projects, issues, and urgent deliverables.
Liaise with internal and external auditors and regulators, and assist with quality assurance reviews, internal audits, and regulatory examinations.
Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Collaborate with the key business support partners in learning and gaining an understanding of the business that’s supported, to become effective at ensuring the team is preparing key regulatory calculations accurately.
Assists the team in creating an environment in which the overall team 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.