Scotiabank

Director, Head of Statutory Reporting - Finance

Scotiabank • $150K — $180K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
11 - 15 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting, Finance, Economics, or similar field required.
  • CPA designation required.
  • MBA or Master's degree is advantageous.
  • 15+ years of experience in statutory reporting or related fields.
  • Experience managing accounting across multiple legal entities.
  • Strong background in finance optimization and transformation initiatives.
  • Expert knowledge of IFRS, regulatory compliance, and corporate governance.

Responsibilities

  • Lead the establishment of the global statutory reporting strategy and governance framework.
  • Ensure timely and precise completion of statutory financial statements for the Bank and Canadian subsidiaries.
  • Oversee delivery of consolidated financial statements and external disclosures.
  • Challenge significant accounting treatments and judgments effectively.
  • Maintain compliance with IFRS and regulatory requirements across all jurisdictions.
  • Direct oversight of legal entity accounting activities and methodologies.
  • Sponsor modernization initiatives and drive operational excellence through innovative solutions.

Benefits

  • Join a forward-thinking company with a collaborative team.
  • Access to diverse professional development opportunities.
  • Internal development programs for skill enhancement.
  • Commitment to community impact and social responsibility.
  • Inclusive environment that fosters creativity and celebrates successes.
Full Job Description
Requisition ID: 273560

Purpose

Leads and oversees the Statutory Reporting for the Global Bank, as well as Canadian subsidiaries ensuring reported financial results are executed/delivered in compliance with governing regulations, internal policies and procedures. The Head, Statutory Reporting is responsible for establishing and leading the Bank's global statutory reporting strategy, legal entity accounting framework, and corporate accounting governance model. The role ensures compliance across all jurisdictions while driving modernization, simplification, and optimization of statutory reporting and corporate accounting activities. As a senior finance leader, this role acts as a key advisor to executive leadership on legal entity governance, regulatory compliance, finance transformation, and legal entity reporting risk.

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.


Statutory Reporting Leadership
  • Establish and oversee the global statutory reporting strategy and governance framework.
  • Ensure timely and accurate completion of statutory financial statements for All Bank reporting, as well as Canadian subsidiaries.
  • Ensure the timely and accurate delivery of consolidated financial statements and external disclosures.
  • Provide oversight and challenge on significant accounting treatments and judgments.
  • Ensure compliance with IFRS and applicable regulatory requirements.
  • Manage compliance with legal, tax, corporate, and financial reporting requirements.


Financial Reporting Oversight
  • Provide executive oversight of legal entity accounting activities.
  • Ensure consistency in accounting treatment and reporting methodologies.
  • Direct resolution of complex legal entity accounting matters.


Enterprise Legal Entity Oversight
  • Maintain governance over the All-Bank financial results and reporting obligations.
  • Support strategic initiatives involving legal entity restructuring, acquisitions, divestitures, and corporate reorganizations.
  • Lead financial implications assessments related to legal entity changes.


Finance Optimization & Transformation
  • Sponsor enterprise-wide reporting modernization initiatives.
  • Drive operational excellence through automation, robotics, AI, and process redesign.
  • Establish target operating models across statutory and corporate accounting functions.


Audit Leadership
  • Lead executive engagement with auditors regarding statutory and legal entity reporting matters, providing support as required to various regulatory reporting teams.
  • Ensure successful outcomes for external audits and compliance reviews.
  • Oversee remediation of material findings and control deficiencies.


  • 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 behaviours; 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:
  • Bachelor's degree in Accounting, Finance, Economics, or a related field.
  • CPA designation required.
  • MBA or Master's degree considered an asset.
  • 15+ years of progressive experience in statutory reporting, corporate accounting, legal entity reporting, or controllership.
  • Experience managing reporting across multiple legal entities.
  • Experience leading finance optimization and transformation programs.
  • Strong executive stakeholder management across Finance, Legal, Tax, and Treasury.
  • Deep knowledge of statutory reporting, legal entity accounting, and IFRS.
  • Strong understanding of regulatory compliance, corporate governance, and financial controls.
  • Expertise in finance transformation, operating model design, and process optimization.


What's in it for you?
  • The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
  • A rewarding career path with diverse opportunities for professional development.
  • Internal development to support your growth and enhance your skills.
  • An organization committed to making a difference in our communities - for you and our customers.
  • We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!


Location(s): Canada : Ontario : Toronto

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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