City : Toronto, ON, CA, M5V2T3
Category : Financial Analyst
Industry : Finance
Employer : Scotiabank
Requisition ID: 145824
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
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, and Canada Deposit Insurance Corporation), internal information providers and other stakeholders (such as the Canadian Bankers Association); and, meeting monthly, quarterly and annual filing requirements for the team’s returns.
Senior Analyst – 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 review of 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.
Key Accountabilities:
Regulatory Reporting
Financial Reporting
Accounting and Other Initiatives
SOX Compliance/Process Improvements
Change Management:
Other projects and initiatives as required.
Experience / Education:
• Post-secondary education with specialization in Accounting or Finance/ Business degree
• Pursing an accounting designation and/or prior experience working in a regulatory reporting environment will be an asset
• Knowledge of IFRS and financial regulatory requirements with strong understanding of financial and management accounting principles
• High level of analytical, conceptual and problem- solving skills
• Good knowledge of regulatory requirements, with ability to adapt as requirements change
• Ability to juggle with conflicting priorities, time and resources
• Good 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.
• Strong PC skills with emphasis on Excel, PowerPoint and Word
• Sound knowledge of the Bank’s reporting systems such as OBI/EGL/RRS
• Ability to understand controls in and around systems, ensuring implementation of changes, on going maintenance or strengthening of the control environment
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, 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.
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