Analyst, Regulatory Reporting

　　Requisition ID: 191914

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

　　Hiring Details:

　　Department: Financial Accounting & Reporting

　　Business Line: EO Finance

　　Reports to: Sr. Manager, Regulatory Reporting

　　Job Purpose:

　　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 Autorité des marchés 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.

　　Analyst – Finance Regulatory Reporting prepares and submits a subset of the team’s returns ensuring complete, accurate and timely completion in accordance with instructions provided by regulators as well as established procedures and deadlines. This includes preparation of variance analysis and investigation of major variances and other unusual items with escalation and explanation to management and regulators, as required. It also includes interaction with internal data providers to ensure data meets filing requirements. The incumbent is also expected to source new data as required for changes to existing returns or new returns assigned.

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

　　Regulatory Reporting:

　　Manage the production of assigned regulatory returns at the Bank and/or subsidiary level ensuring completeness, accuracy and timely filing of all financial reports with the Regulators (e.g., OSFI, Bank of Canada, Statistics Canada, CDIC, AMF, FED, SEC, DTCC and etc.), and keeping abreast of regulatory changes. The scope also includes the preparation of the GDAL (Geographical Distribution of Assets and Liabilities) return filed with the Bank of Canada. This includes:

　　Monthly GM (booked in Canada) for M4 Return Memo Items

　　Quarterly GQ (booked in Canada) and quarterly GR (booked outside Canada) filings, and T2 – the reconciliation of GDAL to M4. G-SIB Report

　　In addition, there will be cross-training on other returns as assigned, to ensure appropriate vacation / absence coverage within the team.

　　Work with Manager and Senior Manager to complete the internal control testing team/internal audit’s testing requirements by participating in the walkthrough meetings, follow-up meetings and provide requested artifacts where applicable.

　　Interpret and implement new reporting requirements and manage the implementation of system and procedural changes to ensure compliance with new regulatory requirements.

　　Automation:

　　Working with the Project Team, execute the automation of returns in the production environment. This includes gaining and transferring knowledge on system functionality, processing adjustments, mapping update and reporting tools using the new system. Update the desktop procedures, attestation process and other related controls as a result of automation.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.SOX Compliance/Process Improvements:

　　As a SOX process owner for stated responsibilities, ensure strong process controls are implemented and documentation is prepared and updated regularly for Financial and Regulatory processes. On an ongoing basis, ensure processes are reviewed regularly and enhanced where required.Change Management:

　　Embrace and drive change as required. Identify opportunities to improve efficiency and propose changes to the management.Other projects and initiatives as required:

　　Manage ad- hoc projects as assigned by the management 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:

　　Post-secondary education with specialization in Accounting or Finance (preferred)

　　Pursing an accounting designation and/or prior experience working in a banking regulatory reporting environment will be an asset

　　Knowledge of IFRS and financial regulatory requirements with strong understanding of financial and management accounting principles

　　Knowledge and prior experience in preparing the GDAL return will be an asset

　　Strong analytical, conceptual and problem-solving skills

　　Good knowledge of regulatory requirements, with ability to adapt as requirements change

　　Strong ability to juggle with conflicting priorities, time and resources without sacrificing data quality

　　Strong time management and organizational skills with the ability to work under tight time constraints

　　Solid communication and interpersonal skills

　　Good team building skills, working with diverse groups to resolve issues and identify efficiencies

　　Ability to develop and leverage strong relationships with key business partners such as GRM, GFT, and Compliance etc.

　　Preferred attributes include attention to details, independent, flexible, curious, proactive, and a self-starter

　　Strong PC skills with emphasis on Excel, PowerPoint and Word

　　Sound knowledge of the Bank’s reporting systems such as OBI/EGL, CDM, Axiom, Power BI and regulatory reporting system RRS

　　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

　　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.

　　#scotiafinancejobs

　　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. If you require technical assistance, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . 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.