Job Description

Requisition ID: 237280



Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.



The Regulatory Reporting team manages and oversees financial regulatory reporting for the Bank and assigned subsidiaries. This includes: governance of the process, including monitoring all Bank compliance with filing requirements; change and project management for new or enhanced returns; relationship management with regulators [e.g. Office of the Superintendent of Financial Institutions, Bank of Canada, the Autorite des marches financiers,Statistics Canada, Provincial Regulators, Securities and Exchange Commission, the Depository Trust and Clearing Corporation, US Federal Reserve, and Canada Deposit Insurance Corporation], completion of returns on time (monthly, fiscal quarterly, calendar quarterly, semi-annually, annually, and ad-hoc filings to regulators) , performance of variance analysis, response of regulatory inquiries, internal information providers, participation in Canadian bankers Association meetings and etc.

Reporting to a Senior Manager, Regulatory Reporting, the manager will be responsible for preparing and/or reviewing of assigned returns before they are filed with regulators to ensure that returns are materially accurate and complete; manage or participate on implementation of new returns and various other finance enhancement, process improvement initiatives to drive efficiency or meet changing external requirements and maintaining cohesive control environment.

Is this role right for you? In this role, you will:

Regulatory Reporting

Prepare and review assigned returns for the Bank as well as the assigned subsidiaries Provide effective governance including accurate and timely filing of all financial reports with the Regulators (e.g., OSFI, Bank of Canada, Statistics Canada, CDIC, AMF, FED, SEC, DTCC), and keeping abreast of regulatory changes. Analyse reports with large data sets to identify patterns, trends, insights and works with cross-functional teams in documenting the business rational for variances above the thresholds. The incumbent will proactively resolve any problems and provide explanations Senior Managers where appropriate. Interpret and implement new reporting requirements and manage the implementation of system and procedural changes to ensure compliance with new regulatory requirements. Prepare and maintain process documentation and operational guidance for the assigned returns. Work with internal control testing team/internal audit to coordinate and complete the testing requirements by participating in the walkthrough meetings, follow-up meetings and provide requested artifacts where applicable. Work collaboratively and Coach/mentor team-members to ensure knowledge sharing, best practices and process improvements.

Accounting and Other Initiatives

Participate, as required, in accounting and other initiatives impacting financial regulatory filings, including new or enhanced systems, changes in accounting standards, new products or acquisitions and disposals. Perform regulatory tree review/update and review CRFs to assess impact on regulatory reporting, as assigned.

Change Management

:Embrace and drive change as required. Identify opportunities to improve efficiency and propose changes to Senior Manager /Director.

Other projects and initiatives as required

.Manage ad- hoc projects as assigned by Senior Manager/Director or other areas in the group.

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

Accounting designation (CPA or equivalent) with minimum of 2- 4 years of experience in regulatory or financial reporting role, preferably in a financial institution Bachelor's degree with specialization in accounting or finance required Strong knowledge of IFRS and financial regulatory requirements with strong understanding of financial and management accounting principles Prior experience working in a banking regulatory reporting environment will be an asset Strong analytical, conceptual, problem solving and organizational skills. Ability to manage conflicting requirements, manage priorities, time and resources appropriately. Multitasking capabilities are required to be able to balance a diverse range of issues and deliverables Good team building skills, working with diverse groups to resolve issues and identify efficiencies Solid communication skills (written & oral) and interpersonal skills with a strong ability to establish relationships with internal stakeholders, including senior management, as well as external regulators. Ability to work in fast-paced environment and develop strong relationships with key business partners across the bank such as GRM, Technology and Compliance. Strong PC skills with emphasis on Excel, PowerPoint and Word Sound knowledge of the Bank's reporting systems such as OBI/EGL, UI, CDM, Axiom, Power BI and regulatory reporting system RRS would be an asset Good understanding of risks and controls in the production environment (around systems, manual inputs, and working files), ensuring implementation of changes, on-going maintenance and strengthening of the control environment Preferred attributes include attention to detail, independent, flexible, curious, proactive, and a self-starter

What's in it for you?

An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success! We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one! Your career matters! You will have access to career development and progression opportunities.


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Location(s): Canada : Ontario : Toronto



Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.



At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.