Scotiabank

Senior Accountant, U.S. Broker Dealer Regulatory Reporting

Scotiabank$90K — $110K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Accounting or Finance Degree is required.
  • Strong grasp of Finance and Accounting principles.
  • Excellent communication and interpersonal skills.
  • Proficient in MS Office, including pivot tables and macros.
  • Ability to multitask and maintain organization in a fast-paced environment.
  • Experience with regulatory reporting and compliance is beneficial.
  • Interest in leveraging AI technology to improve processes.

Responsibilities

  • Champion a customer-focused culture to strengthen client relationships.
  • Prepare essential regulatory reports required for Broker Dealers.
  • Assist in developing procedures for regulatory capital and reporting processes.
  • Stay updated on industry regulations and report changes.
  • Prepare daily and monthly analytics for internal management.
  • Support audits and regulatory requests diligently.
  • Enhance internal work processes for efficiency.

Benefits

  • Opportunity to contribute to a high-performance environment.
  • Professional development through industry conferences and training events.
  • Engagement in a culture that values inclusiveness and teamwork.
  • Access to advanced technology solutions for process optimization.
Full Job Description
Purpose

Contributes to the overall success of the Scotia Capital (USA) Inc. Finance & Regulatory team in the United States ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team's business strategies and objectives. Ensure all activities conducted are in compliance with governing regulations, internal policies and procedures.

What You'll Do

  • Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
  • Responsible for supporting the preparation of the core regulatory reports required to be produced by a Broker Dealer, such as:

    o FOCUS (Balance Sheet, Net Capital)
    o 15c3-1 Daily Net Capital
    o 15c3-3 Daily Customer Reserve Comp
    o Supplemental FINRA reporting
    o TIC, FRY-15, CUSO
    o US Dept. of Commerce Survey BE-605 and BE-185
    o Bi-Monthly Short Interest Reports to FINRA


  • Assist in the development of procedures and flowcharts covering the preparation of the monthly FOCUS report, regulatory capital and client protection processes, and FRB reporting for TIC and Y-15
  • Attend industry conferences and training events to stay up to date on any new rules or regulation changes that can impact the broker dealer.
  • Assist in the preparation in daily and monthly analytics, quarterly board packages, and other various management packages.
  • Assist Manager(s) and Senior Manager(s) in both audit requests, and regulatory ad-hoc requests from regulators, external/internal auditors and FOR A. In addition to maintaining and monitor audit request logs to ensure team is closing out request and issues timely
  • Develop and enhance internal work papers to make process more efficient.
  • Support the Senior Manager, in working with Risk, Operations, Front Office, and Treasury in finding solutions to maximize the SCUSA balance sheet, reduce capital costs and grow the business while remaining in capital compliance.
  • Work with the key business support partners in learning and gaining an understanding of the business that's supported, to become effective and ensure the team is getting the right data.
  • Actively 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.
  • Champions a high-performance environment and contributes to an inclusive work environment.
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Use technology to tactically and strategically automated regulatory filings (i.e., 15c3-3 Customer Reserve, FR Y 15, FINRA Supplemental Reports) to increase, resiliency, transparency, and accuracy.


What You'll Bring
• Accounting or Finance Degree
• Knowledge of Finance/Accounting Principles
• Excellent Communication and interpersonal skills
• Computer skills with proficiency in MS Office software
• Must be organized and able to multi-task
• Familiarity with pivot tables and macros and understand how critical data elements impact downstream reporting
• Function in a matrix reporting and management by objective structure
• Be looking forward to and introduce use of AI to streamline day to day process

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
5 Year Trend
+7%
NASDAQ

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