Senior Analyst, Financial Regulatory Reporting Job in Toronto for Scotiabank |

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Senior Analyst, Financial Regulatory Reporting

September 9 2021
Industries Bank, Insurance, Financial services
Categories Accounting, Finance, Financial Accounting, Financial Analysis
Toronto, ON

Requisition ID: 118501

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

The Regulatory Reporting team in FAR 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.

The incumbent is primarily responsible for carrying out activities related to the Regulatory Reporting Target Operating Model (RRTOM) within the regulatory reporting team.

Key Accountabilities:

  • Regulatory Reporting Target Operating Model (RRTOM) related activities
    • Document business requirements for assigned returns, design test cases and monitor UAT for system implementation, participate in various types of testing and implement data governance activities and policies
  • 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), 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.
  • 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
  • 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

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
  • Knowledge/working experience with CDM and/or AXIOM
  • Experience in preparing returns like M4, E2, Z4, A4, R2, N3, E3, A2, GDAL etc. would be an asset

This is a temporary role for 12 months.

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.