Title:  Manager, Regulatory Reporting

Requisition ID: 250278 

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

In this role as a Manager, Regulatory Reporting, you will contribute to the overall success of the U.S. Finance Department, ensuring specific individual and departmental goals, plans, initiatives are executed and delivered in support of the team’s business strategies and objectives within the U.S. and globally as part of Global Business Markets (GBM). The Manager, Regulatory Reporting must ensure all activities conducted are in compliance with governing regulations, internal policies and procedures.

What You'll Do

• Prepare regulatory reports in accordance with US GAAP and reporting instructions covering daily, weekly, monthly, quarterly, and annual reports for New York Agency (NYA) (e.g., FR 2900, FR 2644, FFIEC 002, FFIEC 019, TIC BC, BL-1, BQ-2, BQ-3 reports, FR Y-15, FR Y-7N, BE reports, etc...).

• Working knowledge of the Axiom reporting tool used by the department to produce the regulatory filings

• Understand and interpret different types of transactions for compliance with U.S. GAAP and regulatory reporting instructions.

• Update procedures and other documentations including process flows and risk control matrices.

• Identify key control points and evaluate monitoring controls. 

• Capture and assess control issues and reporting deficiencies

• Recommend and implement, as feasible, improvements to process and controls and reporting based on testing results by Internal Audit, Quality Assurance team, and external regulators

• Ensure understanding of current finance and regulatory reporting risks that may impact specific reporting

• Assist in the data collection and dashboards for financial and regulatory reporting metrics

• Continuously enhance and drive first line ownership and accountability of the accuracy of Critical Data Elements (CDEs) used for Regulatory Reporting

• Collaborate with various stakeholders across business and functional areas of the Bank (e.g. Operations, Treasury, Finance, IT, Product Control, Credit Risk) to interpret, operationalize and implement new regulatory reporting requirements and instructions. 

• Contribute to the effective governance framework around the reporting process to ensure data quality, integrity and accuracy of reports. 

• Assist in the development and/or updating materials to train internal stakeholders as needed, in the interpretation of FRB regulations. 

• Attend required Finance, US GAAP/IFRS, Regulatory, and any mandatory compliance training

• Participate in any required Axiom end-to-end UAT testing between quarter end cycles

• Ability to respond promptly and sufficiently to ad-hoc regulatory requests while ensuring other deliverables are met

• Demonstrate an ability to exercise a high degree of initiative, independent judgment, and self-direction in meeting objectives and solving problems

• Understand how the foreign banking organization’s combined U.S. operations and its legal entities’ risk appetite and risk culture should be considered in day-to-day activities and decisions.

   

• Actively pursue 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 operational, compliance, AML/ATF/sanctions and conduct risk in accordance with Scotiabank’s Values and its Code of Conduct.

• 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 

• Strong Accounting knowledge, comprehension of U.S. GAAP accounting rule / instructions, and regulatory reporting background
• 5+ years working experience in financial and regulatory reporting at a large and complex banking organization or consulting firm
• Experience working for a large international bank
• Strong understanding of financial and reporting requirements in the U.S.
• Strong understanding of bank and capital markets products
• Strong accounting and regulatory reporting background
• Proficient knowledge on applicable internal controls
• Fluent in use of Microsoft suite of applications; proficient with Excel and formulas
• Able to work effectively in a dynamically changing environment
• Strong written and verbal communication skills including presentation skills to senior management
• Bachelor of Science in Accounting, Finance or equivalent
• CPA preferred; MBA a plus

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.

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.