Senior Manager, Regulatory Capital Measurement - Business Banking, Finance

Scotiabank•Toronto, ON

2d•Onsite

About The Position

This role has responsibility for ensuring accurate and timely measurement and reporting of Regulatory Capital components of the Business Banking portfolio for the total Bank, including both on- and off- balance sheet exposures to Sovereigns, Banks and Corporates. The complexity for this role is reviewing, accessing and implementing any updates to Regulatory Capital requirements, including ongoing changes in the OSFI Capital Adequacy Requirements (CAR) guidelines, enhancements in various data systems across the Bank, management initiatives, and product releases in the reporting tool. The position requires supervision of 2-3 direct reports. The role involves significant coordination with key partners in Global Risk Management (GRM), Banking, Treasury, Accounting Policies & Procedures, IT, Audit etc.

Requirements

Strong understanding of the Basel III Framework rules for large internationally active banks and OSFI Capital Adequacy Requirements guidelines.
Knowledge of capital impact on Bank’s portfolios, primarily Credit Risk on Business Banking products.
Hands-on experience with financial reporting and reconciliations, lending products and data analysis.
Self-motivated individual with excellent organizational and time management skills; strong interpersonal skills, as the incumbent will interface on a frequent basis with various stakeholders.
Superior oral and written communication skills, attention to detail and ability to work under pressure to meet tight deadlines.
Well versed in all aspects of building and maintaining strong control environment.
Highly proficient in Excel, Access and other MS Office suite products; ability to quickly develop MS Access queries.
Preferred 5+ years of experience in the Finance/Risk Management area of a major financial institution.
2+ years of demonstrated work experience in managing projects in a cross functional environment.
2+ years of experience in supervising staff.
Production of accurate information to generally predictable but occasionally unpredictable deadlines; month-end and quarter-end closure brings long hours; incumbent will work under considerable time pressure during those periods.

Nice To Haves

PowerBI reports is an asset
good working knowledge of bank’s GL and risk reporting systems and processes is an asset.
CA, CMA, CFA, FRM designation and university degree in Business, Maths, or Computer Science.

Responsibilities

Be responsible for Regulatory Capital with respect to the Business Banking products to Sovereigns, Banks, and Corporates; includes quarterly and interim monthly reporting plus all changes required in capital reporting due to parameter changes or new model developments within risk management.
Lead and coordinate Regulatory Capital related initiatives associated with this portfolio in meeting existing and any upcoming regulatory requirements or management proposals; will require a good understanding of the Bank’s Business Banking products and an ability to perform in-depth analysis for initiating systems changes and marshaling support to ensure Bank’s readiness to comply with any new rules and following existing rules.
Act as subject matter expert in Business Banking for projects affecting this portfolio and play a supporting role on key initiatives affecting capital, with the ability to provide impact and influence in the planning and design of the implementation rollout; incumbent will be expected to provide extensive analytical and modeling support to various counterparts and be responsible for a thorough and comprehensive User Acceptance Testing (UAT) and sign-off prior to the implementation in data or reporting systems.
On monthly basis, define the scope for the Business Banking portfolio by providing the target to the data provider and performing a reconciliation to the General Ledger based on the risk data; validate and approve automated and pencil adjustments; provide support to capital planning and forecasting; review and communicate potential data issues.
On quarterly basis, ensure accuracy of the BCAR return submission to OSFI and prepare certain Pillar 3 Disclosure tables and related commentary related to Business Banking; provide extensive analysis and support for production of regulatory submissions and quarterly reports; includes providing rationale of the Basel III capital results.
On annual basis, prepare certain Financial Statement notes and MD&A tables related to Business Banking and other disclosures; complete IRB (Internal Ratings Based approach) self-assessment as part of the CRO attestation.
On semi-annual or ad hoc basis, work on the Bank’s participation of QIS study as initiated by BIS consultative documents; will mostly include Business Banking products.
Review the existing processes frequently and suggest automation opportunities and removing redundancies; will require ongoing innovation in developing new management reports (e.g. the reporting platform) and tools (e.g. PowerBI) that will lead to faster analysis during extremely tight external deadlines; work with GRM and IT towards advancing Finance reporting requirements as part of the Bank’s overall MIS program initiative.
Monitor, research, analyze and interpret the proposed changes of the Regulatory Capital guidelines; wwill require in-depth understanding and analysis of the complex rules proposed for each of the portfolios within the Bank; will involve a consultative process collecting inputs from various departments.
Work with external and internal auditors to ensure that all Financial Statements and Pillar 3 disclosures of credit and capital data are published as per the SOX, RDARR and EUC processes designed; iincludes detailed work on selected samples, walkthroughs and reperforming of the logic applied in production calculations, data lineage and mapping; support quarterly CFO attestation for BCAR.
Responsible for updating non-retail IRB parameters and assessing the financial impacts of the change, as well as the monthly borrower quality migration impact.
Support Bank’s Enterprise-Wide Stress Testing (EWST) program by providing the baseline, support to fill in the OSFI schedules, communicating logic related to the CAR guidelines and BCAR schedules.
Provide oversight to various Risk-Weighted Assets (RWA) impact requests (country, borrower, industry etc), as well as support counterparts in producing and reconciling regulatory reports (e.g. NCR, BH, NSFR, Data Call, CDIC, GDAL).
Work closely with teams responsible for maintaining credit system and profitability models to ensure consistency in data capture and RWA calculation methodologies.
Provide ongoing coaching and training to a team of 2-3 people by identifying opportunities for professional growth, guiding them to success in their role, and reviewing their deliverables; build effective, inclusive and trustful relationships for the team to work on the department’s goals and meet various milestones in monthly reporting or projects.