Scotiabank

Manager, Corporate Actions & Income processing Tax Reporting (GWO)

Scotiabank • $100K — $120K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • University degree in Accounting, Finance, Taxation, Business Administration, Economics, Law, or a related discipline.
  • Prior experience in Corporate Actions, Tax Operations, Asset Servicing, Securities Operations, Tax Reporting, or a related field.
  • Demonstrated experience analyzing complex Corporate Action events and determining appropriate tax treatment.
  • Strong understanding of Canadian and U.S. tax reporting requirements for securities and investment products.
  • Experience in a financial institution, broker-dealer, wealth management, custody, or asset servicing environment.
  • Professional designation such as CPA, CFA, LL.M. (Tax), JD, or equivalent.
  • Familiarity with Qualified Intermediary (QI), FATCA, CRS, NRA withholding, and cross-border tax reporting obligations.

Responsibilities

  • Perform detailed tax analysis for Corporate Action and Income events affecting client positions.
  • Review and interpret legal documentation and supporting materials for analysis.
  • Determine appropriate tax treatment and reporting implications for each event.
  • Develop and publish standardized Tax Opinion Summaries with operational guidance.
  • Complete tax analysis in advance of payable dates for timely processing.
  • Provide expert guidance on complex tax implications and reorganizations.
  • Develop and maintain governance standards and controls for tax treatment.

Benefits

  • A rewarding career path with diverse professional development opportunities.
  • Commitment to making a difference in communities for employees and customers.
  • Competitive rewards program including bonus, flexible vacation, personal and sick days, and comprehensive benefits from day one.
  • Focus on Diversity, Equity, Inclusion & Allyship, fostering an inclusive culture.
  • Commitment to creating and maintaining an accessible environment for everyone.
Full Job Description
Requisition ID: 269783

The Role

The Manager, Corporate Actions & Income processing Tax Reporting is a specialized subject matter expert responsible for providing centralized tax guidance, governance, and oversight for Corporate Action and Income events impacting client holdings. The role is responsible for providing analysis and determining the appropriate tax treatment of events, issuing tax opinion summaries, and ensuring all tax implication on both the Canadian and U.S. tax reporting requirements are correctly applied.

This position plays a key role in reducing operational, regulatory, and reputational risk by ensuring accurate tax treatment, strengthening controls, and establishing a centralized knowledge base for Corporate Action tax reporting.

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

Tax Analysis & Opinion Development
  • Perform detailed tax analysis for Corporate Action and Income events affecting client positions.
  • Review and interpret prospectuses, circulars, election materials, depository notices, issuer documentation, and other supporting legal documentation, including researching for additional information that may be required to support the analysis
  • Determine appropriate tax treatment, withholding requirements, tax reporting implications, and tax characterization for each event.
  • Develop and publish standardized Tax Opinion Summaries that provide clear operational guidance as well as document all analysis and reference material used to support the opinion.
  • Ensure tax analysis is completed proactively ahead of payable dates to support timely processing and risk mitigation.
  • Provide expert guidance on the tax implications of complex events and reorganizations.


Corporate Action Tax Governance
  • Develop and maintain a matrix of tax treatment methodologies referencing the accurate Tax Act provision that support the interpretation across all Corporate Action and Income event types.
  • Serve as the primary control point for tax interpretation and guidance
  • Develop and maintain governance standards, procedures, templates, and controls to support accurate tax treatment.
  • Monitor regulatory, legislative, and market infrastructure developments that affect Corporate Action and Income tax reporting.
  • Track incoming volume and establish efficiency to meet the fast-paced and quick turn-around service level agreement
  • Ensure adherence to internal policies, regulatory requirements, and industry best practices.
  • Support audit, compliance, risk management, and regulatory review activities related to Corporate Action tax reporting.


Regulatory & Technical Tax Oversight
  • Provide subject matter expertise and oversight for complex tax events, including:

Sections 302, 304, and 1446(f) events, FIRPTA transactions, foreign withholding taxes, cross-border Corporate Actions, and taxable reorganizations. The incumbent will ensure compliant tax reporting, escalate complex matters to Tax, Legal, Compliance, or external advisors as needed, and stay current on regulatory and market developments impacting Corporate Actions and tax reporting.

Operational Risk Management
  • Identify and assess tax reporting risks associated with Corporate Action and Income events.
  • Conduct root cause analysis for tax-related processing exceptions, amendments, and remediation activities.
  • Recommend and implement process improvements to reduce operational risk and improve control effectiveness.
  • Partner with operational teams to resolve complex tax treatment issues and implement corrective actions where required.
  • Support continuous improvement initiatives focused on efficiency, scalability, and risk reduction.


Knowledge Management & Documentation
  • Maintain a centralized repository of tax opinions, event analyses, and supporting documentation.
  • Create reusable tax guidance, reference materials, and decision frameworks.
  • Establish minimum documentation standards and supporting evidence requirements for tax analysis.
  • Maintain historical event records to support future reviews, client inquiries, and tax reporting requirements.
  • Develop and maintain advisor-facing summaries and educational materials as required.


Stakeholder Collaboration
  • Partner with Corporate Actions, Asset Servicing, Client Tax Reporting, Wealth Management, Global Tax, and external tax advisors.
  • Provide subject matter expertise guidance and consultation regarding event-specific tax treatment.
  • Support business initiatives, process enhancements, and strategic projects impacting tax reporting and Corporate Actions.
  • Act as a trusted advisor on Corporate Action and Income tax matters across the organization.


Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:
  • University degree in Accounting, Finance, Taxation, Business Administration, Economics, Law, or a related discipline.
  • Prior experience in Corporate Actions, Tax Operations, Asset Servicing, Securities Operations, Tax Reporting, or a related field.
  • Demonstrated experience in analyzing complex Corporate Action events and determining appropriate tax treatment.
  • Strong understanding of Canadian and U.S. tax reporting requirements applicable to securities and investment products.
  • Experience working in a financial institution, broker-dealer, wealth management, custody, or asset servicing environment.
  • CPA, CFA, LL.M. (Tax), JD, In-Depth Tax Program, MTax or equivalent professional designation.
  • Experience with Qualified Intermediary (QI), FATCA, CRS, NRA withholding, and cross-border tax reporting obligations.
  • Familiarity with DTCC, CDS, custodial processing, and global Corporate Action market practices.


What's in it for you?
  • A rewarding career path with diverse opportunities for professional development
  • An organization committed to making a difference in our communities - for you and our customers.
  • A competitive rewards program including bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
  • Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
  • Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.


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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