Requisition ID: 101860Join the Global Community of Scotiabankers to help customers become better off.
The incumbent is responsible for preparing and/or reviewing of assigned returns before they are filed with regulators to ensure that returns are materially accurate and complete; acting as back up for all assigned returns; implementing new reporting requirements as and when they become effective; liaising with regulators (usually via Canadian Bankers Association) as and when required; liaising with other groups within the Bank to either file returns or provide data for returns; acting as a backup for Senior Manager when required; assisting in improving data quality of all regulatory returns; monitoring adherence to filing deadlines for all OSFI and BOC returns including those filed by other groups; and capturing and reporting on KPIs; keeping abreast of regulatory changes as well as changes to Banks systems and procedures that affect assigned returns; participating in projects to implement changes and improvements. The incumbent is also responsible for producing the disclosures for assigned financial statement notes.
Manage the production of assigned returns at the Bank level and oversee assigned subsidiaries financial regulatory governance including accurate and timely filing of all financial reports with the Regulators (e.g., OSFI, Bank of Canada, Statistics Canada, CDIC), and keeping abreast of regulatory changes.
Interpret and implement new reporting requirements and manage the implementation of system and procedural changes to ensure compliance with new regulatory requirements.
Regulatory Reporting Target Operating Model (RRTOM)
Key member of working group to determine best approach to implementing the RRTOM in Canada. Direct accountability for implementing the RRTOM within the regulatory reporting team. These activities will require judgement, collaboration and creativity to design a plan that will result in the implementation of the RRTOM in a feasible and sustainable manner. Designing and implementing new and enhanced processes and systems will also be required to fully deliver on the RRTOM.
Oversee securities reporting of the Banks and assigned subsidiaries investment and trading portfolios including the analysis of the unrealized gains and losses for executive and internal management reporting.
Manage the production of information for assigned financial statements notes ensuring that procedures and processes reflect the latest requirements and ensure adequate controls exist to validate the accuracy and completeness of the disclosures.
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
Work with GFT to ensure system support is available, and all changes and enhancements are communicated in a timely manner. This includes ensuring EGL reporting changes are properly reflected in regulatory reports.
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
Experience / Education:
Accounting designation-post secondary education with specialization in Accounting or Finance/ Business degree
Strong knowledge of IFRS and financial regulatory requirements with strong understanding of financial and management accounting principles
Prior experience working in a regulatory reporting environment will be an asset
High levels of analytical, conceptual, problem solving and organizational skills
Ability to manage conflicting requirements, manage priorities, time and resources appropriately. A multitasking individual is required to be able to cope with a diverse range of issues
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 customers, as well as senior management
Ability to develop and leverage strong relationships with key business partners such as GRM, GFT, and Compliance etc.
Ability to work in a project environment as required and ensuring requirements of department is represented
Strong PC skills with emphasis on Excel, PowerPoint and Word
Sound knowledge of the Banks reporting systems such as OBI/EGL
Ability to understand controls in and around systems, ensuring implementation of changes, on going maintenance or strengthening of the control environment
Strong time management and organizational skills to ensure tasks are managed and deadlines are met on a consistent basis
Leadership skills to provide effective supervision, motivation and team building opportunities
Ability to deal with all levels of staff and external contacts diplomatically
Knowledge of SQL will be an advantage
This is a temporary role for 12 months.
Location(s): Canada : Ontario : Toronto
As Canada’s International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Banks six guiding sales practice principles to ensure they act with honesty and integrity.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.