Senior Manager, Regulatory Reporting

Requisition ID: 206287

Salary Range: 110,700.00 - 211,800.00

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!

Overview

In this role as a Senior Manager, Regulatory Reporting, you will contribute to the overall success of the U.S. Finance Department, ensuring specific individual and departmental goals, plans, initiatives are executed and delivered in support of the team’s business strategies and objectives within the U.S. and globally as part of Global Business Markets (GBM). The Senior Manager, Regulatory Reporting must ensure all activities conducted are in compliance with governing regulations, internal policies and procedures.

What You’ll Do

• Manage the review of various reporting requirements to external regulators covering daily, weekly, monthly, quarterly, and annual reports (e.g., FR2900, FR2644, FFIEC 002, FFIEC 019, FR Y-15, TIC reports, BE reports, etc...).

• Collaborate effectively with multiple stakeholders across several functional areas of the Bank (e.g. Operations, Treasury, Finance, IT, Product Control, Credit Risk) to interpret, operationalize and implement new regulatory reporting requirements and instructions.

• Improve current regulatory reporting environment by employing best practices and expanding controls around the reporting process to ensure data quality, integrity and accuracy of reports.

• Monitor regulatory report validation, attestation and submission with key regulatory bodies in a timely manner.

• Able to prepare executive summary materials and interact frequently with senior executives across the Bank.

• Develop and/or update materials to train staff/internal stakeholders as needed, in the interpretation of FRB regulations.

• Frequent interactions with DGO (data governance office) to drive accountability of data quality throughout the organization. Assist DGO in keeping data lineage updated.

• Supervise, coordinate and manage the implementation of requirements as it relates to Axiom end-to-end UAT testing

• Create and/or maintain up-to-date documentation for regulatory reporting processes, including risk control matrixes, system and data flows, and policies and procedures in accordance with the Bank’s Regulatory Reporting Target Operating Model.

• Identify, prioritize, analyze, remediate, and escalate (if necessary) issues related to regulatory reporting process in accordance with the Bank’s Issue Management Policy.

• Maintain awareness of regulatory changes and document requirements of regulatory changes in accordance with the Bank’s Change Management Policy.

• Responsible for coordinating requested information and answering questions from Internal Audit, Quality Assurance, and external Regulatory Exams.

• Ability to respond promptly and sufficiently to ad-hoc regulatory requests while ensuring other deliverables are met

• Demonstrate an ability to exercise a high degree of initiative, independent judgment, and self-direction in meeting objectives and solving problems

• Ability to provide team leadership and work within a team environment with a possibility of managing 1-2 direct reports in the near future

• Possess a thorough understanding of the complexities and inter-relationships of the application and financial reporting systems

• Strong understanding of financial products, capital requirements and capital management helpful

• Understand how the foreign banking organization’s combined U.S. operations and its legal entities’ risk appetite and risk culture should be considered in day-to-day activities and decisions.

• Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk in accordance with Scotiabank’s Values and its Code of Conduct.

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

• Champions a high-performance environment and contributes to an inclusive work environment.

What You’ll Bring

• 15+ years in Financial and Regulatory Reporting at a large and complex banking organization, a large international bank, or a consulting firm working with FBO or IHC clients

• Strong understanding of financial and reporting requirements in the U.S.

• Strong understanding of bank and capital markets products

• Strong accounting and regulatory reporting background

• Proficient knowledge on applicable internal controls

• Able to work effectively in a dynamically changing environment

• Strong written and verbal communication skills including presentation skills to senior management

• Fluent in U.S. GAAP and reporting instructions

• Previous FR Y-9C and FR Y-15 experience at large Bank Holding Companies or Intermediate Holding Companies and/or large Foreign Banking Organization a plus

• Bachelor of Science in Accounting, Finance or equivalent

• CPA preferred; MBA a plus

Interested?

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

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.