Title:  Senior Manager, Funds and Private Assets Taxation

Requisition ID: 198728

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

As a Senior Manager, Funds and Private Assets Taxation you will provide strategic and technical support on taxation matters related to Scotia Global Asset Management (SGAM) and MD Financial Management Inc.’s (MD) mutual funds and private asset investment products. You will also function as the decision maker on tax related matters while assessing/managing risk exposure to the organization. You will ensure product initiatives are delivered in support of the team’s business strategy and objectives while also ensuring compliance with all statutory taxation requirements and internal policies and procedures.

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

Mutual Fund Product Oversight

• Ensure compliance with all federal and provincial tax laws and regulations for the MD Funds, MD Mutual Fund Corporations and MDPIM Pools and Private Asset Funds (collectively, the Funds)
• Manage compliance and reporting requirements in all tax areas for the Funds including annual tax returns for the investment funds (trusts, corporate funds, and limited partnerships), tax provisions, income distributions, investor tax slips reconciliation/reporting, FATCA/CRS reporting, and managing all work by third party service providers
• Lead, manage and review the monthly/quarterly/mock/year-end distributions for the Funds
• Establish best processes for ensuring the timely and accurate preparation of any regulatory compliance and provide education to other functional groups on relevant tax matters
• Ensure all tax reporting in the financial statements is accurate and liaise with external financial statement auditors, as needed
• Coordinate and review complex tax research for the Funds including complex tax positions and fund specific corporate actions
• Manage and review tax assessments and tax audit matters related to the Funds
• Review all tax information and disclosures in the Funds’ offering documents

Product Development & Advisory

• Function as a subject matter expert (SME) for taxation and provide guidance to cross-functional teams within the organization pertaining to product initiatives (i.e., fund creation, termination, mergers) and other product initiatives
• Taxation SME for private asset funds, including advising the product team and related business teams on appropriate fund structuring and work with external tax advisors to conduct tax due diligence of underlying private feeder structures (domestic & foreign)
• Monitor changes to legislation, inform of such changes as necessary, and support the Director and Leadership Team with respect to any initiatives that may be undertaken because of these changes

Operational Efficiency

• Review business processes, policies, and procedures (including those of fund accounting, client reporting and investment management) involving tax matters to ensure they are efficient and that required procedures and controls are in place
• Propose changes to and/or develop new tax policies and procedures, as required

Relationship Management

• Liaise with and contribute to building client relationships with department managers and their staff
• Manage external service provider relationships and projects as required
• Champions a high-performance environment and contributes to an inclusive work environment

Risk Management

• Make decisions as required on tax related matters affecting the Funds while adequately assessing and managing risk exposure to the organization and clients.

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

• An accounting designation (CPA or equivalent) is required
• 8 plus years of Canadian corporate, personal and trust taxation experience is required
• Completion of Levels I and Il of the Chartered Professional Accountants of Canada (CPA Canada) In-depth Tax Course is required
• Completion of the Level Ill CPA In-depth Tax Course is an asset
• Advanced knowledge of tax issues affecting investment funds & private assets
• Experience with various computer software applications, in particular MS Office, TaxPrep and tax research software is required
• Excellent analytical skills  
• An ability to work with minimal supervision, to exercise judgement and make decisions, while assessing the risk impact
• Effective people skills, initiative, and leadership abilities with the ability to coach and motivate other professionals
• An ability to be a team player
• Adapts well to change and the ability to lead others through change
• Effective verbal and written communications skills as well as effective listening skills
• Strong client service orientation with the ability to build partnerships and effective working relationships
• Self-motivated and strong work- ethic and can work under pressure and meeting deadlines
• Willingness to pursue continuous learning of both management and technical skills

Location(s):  Canada : Ontario : Toronto || Canada : Ontario : Ottawa 

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.