Scotiabank

Manager, Regulatory Reporting

Scotiabank • $110K — $130K *
Houston, TX 77002In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Strong understanding of U.S. GAAP accounting rules
  • 5+ years of experience in financial and regulatory reporting in a large banking organization or consulting firm
  • Proficiency in MS Office, especially in Excel (intermediate to advanced required)
  • Experience with AXIOM or similar reporting tools is beneficial
  • Knowledge of banking and capital markets is an asset
  • Demonstrated strong work ethic and proactive attitude
  • Excellent written and verbal communication skills, including in presentations to senior management

Responsibilities

  • Prepare regulatory reports as per U.S. GAAP and specified reporting instructions
  • Review regulatory reports to ensure compliance and implement proper controls
  • Document and monitor data quality issues related to regulatory reports
  • Collaborate with stakeholders to interpret and implement reporting requirements
  • Participate in end-to-end testing for AXIOM BAU releases
  • Prepare necessary information for audits and improve processes based on findings
  • Create/update documentation including policies and procedures and assist with training efforts.

Benefits

  • Holistic well-being focus with flexible benefit programs
  • Support for unique family, financial, physical, mental, and social health needs
Full Job Description
Purpose

In this role as a 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 Manager, Regulatory Reporting must ensure all activities conducted are in compliance with governing regulations, internal policies and procedures for Houston Branch and Scotia Holding (USA), LLC. It includes preparation and review of regulatory reports, manages / coordinates the issues identified around AXIOM logic and data integrity / quality issues for Houston Branch's reporting perspective.

What You'll Do

  • Prepare regulatory reports in accordance with US GAAP and reporting instructions covering daily, weekly, monthly, quarterly, and annual reports (e.g., FR2900, FFIEC 002, Borrower-In-Custody (BIC), TIC reports).
  • Perform thorough review of regulatory reports as assigned to ensure compliance with the regulatory reports' instruction and proper controls in places.
  • Working knowledge of the reporting tool (Axiom) used by the department to produce the regulatory filings.
  • Document and monitor issues related to system / data quality from regulatory reports. Continuously drive accountability for accuracy of Critical Data Elements (CDEs) used for Regulatory Reporting. Work with team members for initial root causes analysis and resolution channel.
  • Collaborate with various stakeholders across business and functional areas of the Bank (i.e., AXIOM Project team, Data Governance, Operations, Treasury, Credit Risk, Product Control, IT, to interpret, operationalize and implement new reporting requirements and to resolve known and self-identified issues.
  • Participate in end-to-end testing on all AXIOM BAU releases as applicable.
  • Help prepare and coordinate requested information and answer questions from Internal Audit, Quality Assurance Internal Control, and external Fed Exams. Implement improvements to process and controls based on testing results.
  • Create/update Policies & Procedures and other documentations including process flows and risk control matrices.
  • Assist in the data collection for regulatory reporting metrics for dashboards.
  • Prepare presentation decks to internal stakeholders. Assist in the development and/or updating training material and conduct training, as necessary.
  • Attends required Finance, U.S. GAAP/IFRS, Regulatory, and any mandatory Compliance training.
  • 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 judgement, and self-direction in meeting objectives and solving problems while knowing when to reach out for clarification and/or assistance.
  • Other Projects as assigned.


What You'll Bring

  • Strong Accounting knowledge and comprehension of U.S. GAAP accounting rule / instructions
  • 5+ years working experience in financial and regulatory reporting at a large and complex banking organization or consulting firm.
  • Proficient PC Skills, especially in MS Office Suite. Intermediate to Advanced skill in Excel is a must.
  • Experience with AXIOM or similar reporting tools is an asset.
  • A good understanding of banking and capital markets business is a plus
  • Strong work ethics with a proactive attitude and high level of accountability
  • Quick learner with demonstrated curiosity and adaptability in a dynamic environment.
  • Strong written and verbal communication skills including presentation skills to senior management.


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!

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.

#GBM

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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