Senior Manager, IRS Tax Reporting (GWO)

Scotiabank•Toronto, ON

7d•Onsite

About The Position

As Senior Manager, QI / IRS Tax Reporting, you will lead the Bank's U.S. tax information reporting, withholding, remittance, reconciliation, and compliance obligations under the IRS Qualified Intermediary (QI) Agreement and related U.S. tax regulations. You will provide oversight for U.S. tax reporting programs including Forms 1042-S, 1042, 1099, and 945, FATCA, Chapters 3 and 4 withholding, Section 1446 reporting, and related governance activities across multiple business lines and legal entities. Acting as a senior subject matter expert, you will partner with Operations, Technology, Tax Advisory, Compliance, Legal, Wealth Management, Capital Markets, and external stakeholders to ensure regulatory compliance, operational excellence, and the successful delivery of tax reporting obligations.

Requirements

Prior experience in tax reporting, withholding, tax operations, regulatory reporting, or related financial services functions
Deep knowledge of IRS Qualified Intermediary (QI) requirements, FATCA, Chapters 3 and 4 regulations, Section 1446, and Forms 1042, 1042-S, 1099, and 945
Experience leading tax reporting or tax operations functions within banking, brokerage, custody, wealth management, capital markets, or similar financial services environments
Experience managing audits, regulatory examinations, QI reviews, governance processes, reconciliations, remittances, and control frameworks
Strong understanding of operational risk, controls, and regulatory compliance requirements
Demonstrated experience leading regulatory, operational, or technology-driven change initiatives
Strong stakeholder management and executive communication skills
Experience leading teams and developing talent in complex operational environments

Nice To Haves

Professional designation such as CPA, CA, CGA, CMA, Master of Taxation, In-Depth Tax Program, PMP, or equivalent is preferred
Experience with Broadridge platforms and systems including TFP, TXSY, CDS, DTCC, BFS, and AS400 is an asset
Experience supporting securities lending, custody, wealth management, capital markets, or other investment servicing businesses is an asset.

Responsibilities

Lead annual and periodic U.S. tax reporting obligations, including Forms 1042-S, 1042, 1099, 945, FATCA reporting, Chapters 3 and 4 withholding, Section 1446 reporting, QI reporting, and U.S. REIT/RIC and LPU reporting
Ensure accurate withholding, remittance, reconciliation, certification, and reporting of U.S.-source income across applicable business lines and legal entities
Oversee tax reporting calendars, production schedules, filing deadlines, control checkpoints, and management attestations
Monitor regulatory developments impacting QI, FATCA, withholding tax, and IRS reporting requirements, and lead implementation of required changes
Maintain governance frameworks, policies, procedures, control documentation, and recordkeeping requirements supporting U.S. tax reporting programs
Oversee reconciliations, withholding validations, remittance controls, exception management, and supporting control activities
Lead audit, regulatory, and QI review activities, including issue management, remediation, and stakeholder engagement
Act as the primary escalation point for complex tax reporting, withholding, documentation, and regulatory matters
Lead end-to-end annual tax campaign execution, including production readiness, vendor coordination, testing, issue resolution, and form issuance
Drive process improvements through automation, standardization, data governance, and operational efficiency initiatives
Partner with Technology and Operations teams to deliver system enhancements, regulatory changes, and transformation initiatives
Support modernization efforts focused on reporting efficiency, data quality, and control effectiveness
Partner with Tax Advisory, Compliance, Legal, Wealth Management, Capital Markets, Treasury, Operations, and external vendors to deliver regulatory and business initiatives
Provide executive reporting, risk updates, and decision-support materials to senior leadership
Lead, coach, and develop managers and tax reporting professionals
Promote a culture of accountability, continuous improvement, operational excellence, and strong risk management