Director, U.S. Head of Capital Reporting and Management

　　Requisition ID: 191994

　　Salary Range: 174,700.00 - 286,000.00

　　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 U.S. Finance ensuring specific individual goals, plans, initiatives are executed /delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

　　Initial responsibility will be to build a dedicated U.S. regulatory capital team and expertise to establish a U.S. specific approach, calculation and reporting across all products to calculate Risk-weighted assets (“RWAs”), leverage ratio, and other capital metrics. The role will lead in developing readiness to meet capital and reporting requirements for Intermediate Holding Company (“IHC”) including general knowledge of FR 2052a Complex Institution Liquidity Monitoring Report.

　　Determine and define expected capital contributions from parent to fully fund an Intermediate Holding Company; create governance and processes around capital planning that is supported by entity and management reporting. This includes providing advice and counsel to business units and U.S. CRM with respect to the capital impact of transactions and returns.

　　Lead and be responsible for planning, forecasting, and optimization of capital with the primary objective of improving Return on Equity metrics for U.S. Includes evaluating a variety of economic scenarios across the capital continuum, ranging from business as usual to stress environments, including recovery and resolution. Deliverables include forecasting capital capacity and ratios, such as RWA, improving the systems and processes used to perform these activities, coordinating associated regulatory submissions and legal entity forecast of capital/RWA across entities and business lines.

　　The incumbent is expected to establish credible relationships with business partners in providing perspective on capital and finance matters pertaining to business activities. Includes maintaining an in-depth level of knowledge of each business lines’ capital usage, future plans, and forecasts. Includes Business partnering on optimization efforts and helping identify opportunities or provide insights to help the Business in their decisioning process. The incumbent also provides input to new product development and the integrity of capital allocation for existing financial reporting.

　　He/She has the responsibility to ensure that information and data quality standards in accordance with the enterprise technology and data management standards for accurate, complete, and timely regulatory information. The incumbent also has responsibility to develop and maintain strong regulatory reporting, information quality, and MIS disciplines.

　　What You’ll Do:

　　Responsible for attributing regulatory capital to the Business Lines for performance measurement purposes in support of the Bank’s planning, forecasting and quarter end reporting processes. To work closely with the Business Lines to ensure plans/forecasts are up to date and questions/concerns are responded to in a timely manner.

　　Act as the Bank’s subject matter expert on regulatory capital methodology and be responsible for proposing new methods and leading the change process, working with senior management and their teams in U.S. Finance, U.S. CGRM, and the business lines.

　　Undertake on-going analysis of the CUSO balance sheet to review and proactively seek out new strategies to reduce RWA. Providing responses and recommendations to questions / issues raised by senior executive management.

　　Develop, analyze, and streamline existing RWA reporting and capital ratios including RWA optimization initiatives proposed by U.S. CRM and U.S. Finance.

　　Manage, Design, and implement the U.S. capital forecasting processes including developing new tools.

　　The incumbent is responsible the development and maintenance of policies, procedures, and processes to improve the quality, integrity, relevance, security and ownership of U.S. capital and regulatory information.

　　Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.

　　Provide value added strategic analysis and insights to business partners.

　　Develop ongoing innovation in building new management and variance reports that will lead to faster analysis during extremely tight external deadlines.

　　Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

　　Champions a high-performance environment and implements a people strategy that attracts, retains, develops, and motivates their team by fostering an inclusive work environment, communicating vison/values/business strategy, and managing succession and development planning for the team.

　　Collaborate with capital team colleagues in Toronto to leverage best practices and perform an ongoing gap assessment across the countries.

　　What You’ll Bring:

　　Degree in Accounting, Mathematics, Computer Science, or Business with certification (CPA, CA) preferred. Strong knowledge of U.S. Regulatory Capital.

　　At least 10-15 years of verifiable progressive experience in finance. Capital planning, reporting or management and experience with capital standard setting and internal controls a plus.

　　Knowledge and understanding of data quality and standards.

　　Experience in credit risk management preferred.

　　The role requires advanced knowledge of enterprise and capital and regulatory reporting for foreign banking organizations, including an awareness of emerging regulatory requirements and industry trends impacting capital requirements.

　　Skills

　　This position is highly strategic and complex requiring a results-oriented individual who has a high degree of understanding of banking business knowledge of U.S. capital rules and RWA, balanced by an intrinsic understanding of the business lines. Must be able to engender trust and confidence across the U.S region based upon an ability to deliver services on target, on time, and on budget.

　　Strong knowledge of Corporate and Investment Banking products, including loans, SFTs, Securitization and off-balance instruments. This includes understanding the difference between standardized and advanced RWA approaches.

　　Excellent Excel and/or PowerBI / SQL skills.

　　Excellent people skills are required in order to influence teamwork and to deliver results under tight deadlines and multiple priorities.

　　Effective listener and a strong communicator are a must for this role. Advanced written and verbal communications skills are essential to effectively drive change management across culturally diverse workforce.

　　Exceptional attention to detail.

　　Functional competencies

　　Strong financial reporting

　　Strong people and interpersonal skills.

　　Strong influencing skills to apply within U.S. Finance.

　　Capability to establish credibility and value added with business partners.

　　The capacity to be innovative and think creatively.

　　Strong analytical skills with the ability to react quickly, under adverse operating conditions.

　　Ability to work under pressure and willingness to work long hours as demanded by tight reporting deadlines especially during quarter and year ends.

　　Interested?

　　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 : New York : New York City

　　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.