Director, Regulatory Reporting

Requisition ID: 213798

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

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

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Has a continuous-improvement mind-set to establish best in class processes and procedures, including a focus on data quality and review.
• Direct the regulatory reporting of the Bank and assigned subsidiaries.
  • Be able to interpret regulatory requirements, and work within the complex structure of the Bank's organization to appropriately source data, in conjunction with the Data Office.
  • Oversee filings with the regulators (OSFI, Bank of Canada, StatsCan, CDIC)
  • Oversee other financial disclosures provided to external parties (ex., 13F securities filing with SEC, FR Y-7 to US Federal Reserve, etc).
  • Effectively represent the Bank on the CBA's Regulatory Reporting Specialist Group; and
  • Respond to regulator queries on various returns, as required.
• Participate in/lead key projects in Regulatory Reporting, including but not limited to ongoing focus on the Regulatory Reporting Target Operating Model (RRTOM);
• Lead the team in establishment of new procedures / documentation related to recently automated returns.
• Manage annual and other changes to regulatory reporting requirements from inception to implementation including:
  • Initial impact assessment
  • Communication of changes and impacts to senior management
  • Strategy for compliance
  • Design of new processes
  • Testing to ensure compliance
  • Status updates
  • Education and training
  • Quality Assurance processes within the team
  • Reviews by internal counterparties such as Regulatory Risk Governance and US Quality Assurance
  • Internal Audit reviews/ responses
• Meet all compliance reporting obligations for the team including, but not limited to Regulatory Obligations
• Track and report key performance and risk indicators including status of filings and resubmissions
• Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Creates an environment in which his/her team pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, 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.
• Builds a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviors; communicating vison/values/business strategy; and managing succession and development planning for the team

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

• Chartered Professional Accountant, Chartered Accountant (or equivalent designation) with experience in financial institutions as it is essential that he/she must possess thorough knowledge of a broad range of financial disciplines including regulatory reporting, accounting policies, applications systems and corporate governance. More specifically the incumbent should:
  • possess expert understanding and ability to interpret the regulatory reporting requirements as outlined by OFSI, BOC and other regulators;
  • possess a thorough understanding of the complexities and interrelationships of the Bank's applications and financial reporting systems;
  • have experience in financial and regulatory control and analysis within the Bank.
• Must be an effective leader with the ability to contribute to business and strategic planning. The incumbent must be resourceful, a self-starter, possessing a high degree of flexibility, creative thinking and confidence to carry out innovative solutions. Well-developed judgement, management, decision-making and problem-solving skills are required in order to effectively deal with a rapidly changing, complex business environment.
• Must possess expert time management skills in order to manage a very large number of recurring deliverables and day-to-day accountabilities through prioritization, delegation, motivation, conflict resolution and the promotion of ideas.
• Excellent written communications skills are essential. In addition, the incumbent should be skilled at verbal presentation, of a calibre suitable for direct exposure to executive management of the Bank.
• Interpersonal skills must be strong and the incumbent should be well suited acting as a leader in a complex environment in order to oversee various diverse deliverables and delegate responsibilities within the team; and effectively implement change.

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, 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.