Senior Manager, Finance Operational Risk Assurance

Scotiabank•Dallas, TX

2d•Onsite

About The Position

This role contributes to the overall success of the Finance Department in the United States, ensuring individual goals and initiatives are executed to support business strategies and objectives, while complying with governing regulations and internal policies. The role is responsible for implementing and maintaining the quality assurance program for U.S. Finance, establishing internal control standards, managing various engagements, and implementing change management. It also involves developing and maintaining policies and procedures to improve internal controls, owning and directing the issue management process, reviewing outstanding control and reporting issues, performing analysis to identify themes, determining root causes of operational weaknesses, and preparing dashboards and reports on the state of internal controls and operational performance. The incumbent will champion the use of AI to enhance efficiency and will interact with professionals at various levels in U.S. Finance and with stakeholders such as operations, product control, audit, and business lines, influencing and educating them on strong internal controls and process enhancements.

Requirements

Bachelor’s degree in accounting or finance with good knowledge of technology.
CPA designation or other relevant professional designations.
Strong knowledge in regulatory reporting (FFIEC 02, FR Y-15).
Verifiable progressive experience managing and/or problem solving related to internal controls, implementation of improvements. Minimum of 10 years’ experience required designing and implementing complex systems of financial/regulatory reporting/ other controls.
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.
Experience managing multiple projects with tight deadlines. Experiencing influencing stakeholders.
The role requires knowledge of financial and regulatory reporting including an awareness of emerging regulatory requirements impacting changes to available data. Specific knowledge of Federal Reserve regulatory reporting for foreign banking organizations or related organizations.
Solid understanding of overall banking business and products.
This position is highly complex, requiring a results-oriented individual who has a high degree of understanding of banking businesses, audit disciplines, knowledge of financial and regulatory reporting, balanced by an intrinsic understanding of the business lines. Must be able to engender trust and confidence across the company based upon ability to evaluate the system of internal controls and support the integrity of financial and regulatory reporting on target, on time, and on budget.
Strong analytical and problem-solving skills in the context of a finance department of a banking organization with a product mix of securities, loans and derivatives.
Excellent people and communication skills are required in order to influence department and external stakeholders and to deliver results under tight deadlines and multiple priorities.
Strong written and verbal communications skills are essential to effectively drive change across culturally diverse workforce. Excellent English written and verbal communication skills are also necessary.
Strong understanding of internal controls and COSO framework
Strong Microsoft office skills and abilities and demonstrated usage of AI tools.
Strong understanding of FRB regulatory reporting and compliance policies and procedures
Must have extremely strong interpersonal skills.
Effective listener and communicator, verbally and in writing
Sound organizational abilities with the capacity to be innovative and think creatively.
Strong analytical skills with the ability to react quickly, under adverse operating conditions.

Responsibilities

Responsible for design and execution of strategies and testing plans to verify the adequacy of controls over regulatory reporting; validation to source documents (transaction testing); and ensuring compliance with FRB regulatory reporting instructions for Foreign Banking Organizations.
Responsible for design and execution testing plans to verify the adequacy of internal controls over financial reporting.
Responsible for reviewing outstanding issues relating to source validation, reporting and controls, performing analysis to identify themes, determining the root cause of the weakness and preparing reports to communicate the test findings. Resolve issues / negotiate solutions within Finance and other stakeholders.
Develops, maintains, and facilitates updates of Policy and Procedure documentation. Plans and coordinates training program for U.S. Finance - FORA.
Reviews reporting on quality assurance and on operational metrics (key performance indicators) for U.S. Finance.
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.
Champions a high-performance environment and contributes to an inclusive work environment.
Liaisons with Auditors and Regulators, as required and assist in the regulatory examination of U.S. Finance by the Regulators.
Works as U.S. Finance Committee Secretary.
Provides administrative support for Teammate+ tool for FORA team, collects user feedback and when needed, works with Teammate Support to resolve issues arising from daily use.
Manages and facilitates U.S. Finance regulatory exams requests/deliverables to Regulatory Relations by using FEAT tool.
Leads or assists in special projects, as required by management.
Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
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, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to ICOFR certification, operational risk, regulatory compliance risk, AML/ATF risk and conduct risk.