Title:  Manager, Finance Operational Risk Assurance, U.S. Finance

Requisition ID: 258092

 Salary Range:  -  

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

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

Global Banking and Markets 

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

Contributes to the overall success of the Finance Department in United States of America ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted follow current governing regulations, internal policies, and guidelines. 

The incumbent will have interactions with a broad range of professionals in U.S. Finance and stakeholders and will be expected to influence and educate them on source documentation requirements, process improvement, and internal controls. 

What You'll Do

•    Responsible for design and execution testing plans to verify the adequacy of internal controls over financial reporting, including verifying controls at trade origination point, middle office, back office, and GL booking and reconciliations.
•    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 regulatory reporting instructions.
•    Perform SOX documentation updates.
•    Perform issue closure review by following up with issue owners, gathering closure supports, and conduct review of remediation actions.
•    Conduct effective walkthroughs/interviews with clients to understand the process and perform thorough field works for testing. Identify and determine the root cause of the weakness, make recommendations and present to stakeholders for remediations. Prepare finding reports on engagements performed for relevant stakeholders.
•    Prepare management reporting on quality assurance and on operational metrics for U.S. Finance.
•    Assist in liaison with external auditors and regulator requests.
•    Maintain and facilitate update of group Policy and Procedure documentation. 
•    Assist in other projects, as required.
•    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 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.
•    Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
•    Champion a high-performance environment and contributes to an inclusive work environment.

What You'll Bring

•    Bachelor’s degree in accounting or finance with good knowledge of technology.
•    Minimum 7 years of relevant experience in Internal Audit / Regulatory Reporting / Internal Controls testing of regulatory and financial reporting for financial institutions.
•    CPA designation or other relevant professional designations.
•    Attention to detail and strong organization and analytical skills.
•    Demonstrate an ability to learn and succeed in a fast-paced environment, exercise a high degree of initiative, independent judgement, and self-direction in a team working environment. 
•    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.
•    The role requires knowledge of regulatory and financial reporting including an awareness of emerging regulatory requirements impacting changes to available data. Specific knowledge of Federal Reserve regulatory reporting for foreign banking organizations. 
•    Solid understanding of overall banking business and products especially oriented to Capital Market sectors.
•    Solid understanding of overall banking business and products.

Skills 
•    This position is complex requiring a results-oriented individual with coaching & development and curiosity who has a high degree of understanding of banking businesses, internal controls / audit disciplines, knowledge of regulatory and financial reporting, balanced by an intrinsic understanding of the business lines. Must be able to understand business processes, evaluate the system of internal controls and support the integrity of regulatory and financial 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 skills are required 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 project management skills.

Functional competencies 
•    Strong understanding of internal controls, control design, policies and procedures development and workflows.
•    Understanding of FRB regulatory reporting.
•    Must have extremely strong interpersonal skills – collaboration across multiple business and technology functions, relationship building and consensus building.
•    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.
•    Advanced Microsoft office skills and abilities.

Interested?

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank! 

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture. 

What's in it for you? 

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

#Dallas

#GBM

Location(s):  United States : Texas : Dallas

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. If you require technical assistance, please click here. 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.

Scotiabank is an equal opportunity employer.  We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law.