Scotiabank

Senior Manager, Regulatory Capital Measurement - Business Banking, Finance

Scotiabank • $100K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
Reposted 4 days ago
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Job Overview by Ladders

Qualifications

  • 5+ years of experience in Finance/Risk Management at a major financial institution
  • 2+ years managing projects in cross-functional settings
  • 2+ years of supervisory experience
  • CA, CMA, CFA, or FRM designation with a university degree in Business, Maths, or Computer Science
  • Strong knowledge of Basel III and OSFI Capital Adequacy Requirements
  • Proficient in Excel and Access; PowerBI knowledge is a plus
  • Excellent communication and interpersonal skills, capable of handling pressure during peak reporting times

Responsibilities

  • Manage and report Regulatory Capital for Business Banking products regarding sovereigns and corporates
  • Lead initiatives to meet regulatory requirements and support system changes
  • Act as a subject matter expert for Business Banking on capital-affecting projects
  • Define monthly scope for portfolio data and perform reconciliations
  • Ensure accuracy of quarterly BCAR submissions and prepare regulatory reports
  • Prepare financial statements notes and documentation for business banking
  • Collaborate with auditors to ensure compliance with financial reporting standards

Benefits

  • Opportunity to join a forward-thinking team
  • Diverse professional development opportunities
  • Support for internal skill enhancement
  • Competitive benefits package
  • Commitment to community impact
  • Inclusive and collaborative work environment
Full Job Description
Requisition ID: 264931

Purpose

This role has responsibility for ensuring accurate and timely measurement and reporting of Regulatory Capital components of the Business Banking portfolio for the total Bank, including both on- and off- balance sheet exposures to Sovereigns, Banks and Corporates. The complexity for this role is reviewing, accessing and implementing any updates to Regulatory Capital requirements, including ongoing changes in the OSFI Capital Adequacy Requirements (CAR) guidelines, enhancements in various data systems across the Bank, management initiatives, and product releases in the reporting tool. The position requires supervision of 2-3 direct reports. The role involves significant coordination with key partners in Global Risk Management (GRM), Banking, Treasury, Accounting Policies & Procedures, IT, Audit etc.

Is this role right for you? In this role you will:
  • Be responsible for Regulatory Capital with respect to the Business Banking products to Sovereigns, Banks, and Corporates; includes quarterly and interim monthly reporting plus all changes required in capital reporting due to parameter changes or new model developments within risk management.
  • Lead and coordinate Regulatory Capital related initiatives associated with this portfolio in meeting existing and any upcoming regulatory requirements or management proposals; will require a good understanding of the Bank's Business Banking products and an ability to perform in-depth analysis for initiating systems changes and marshaling support to ensure Bank's readiness to comply with any new rules and following existing rules.
  • Act as subject matter expert in Business Banking for projects affecting this portfolio and play a supporting role on key initiatives affecting capital, with the ability to provide impact and influence in the planning and design of the implementation rollout; incumbent will be expected to provide extensive analytical and modeling support to various counterparts and be responsible for a thorough and comprehensive User Acceptance Testing (UAT) and sign-off prior to the implementation in data or reporting systems.
  • On monthly basis, define the scope for the Business Banking portfolio by providing the target to the data provider and performing a reconciliation to the General Ledger based on the risk data; validate and approve automated and pencil adjustments; provide support to capital planning and forecasting; review and communicate potential data issues.
  • On quarterly basis, ensure accuracy of the BCAR return submission to OSFI and prepare certain Pillar 3 Disclosure tables and related commentary related to Business Banking; provide extensive analysis and support for production of regulatory submissions and quarterly reports; includes providing rationale of the Basel III capital results.
  • On annual basis, prepare certain Financial Statement notes and MD&A tables related to Business Banking and other disclosures; complete IRB (Internal Ratings Based approach) self-assessment as part of the CRO attestation.
  • On semi-annual or ad hoc basis, work on the Bank's participation of QIS study as initiated by BIS consultative documents; will mostly include Business Banking products.
  • Review the existing processes frequently and suggest automation opportunities and removing redundancies; will require ongoing innovation in developing new management reports (e.g. the reporting platform) and tools (e.g. PowerBI) that will lead to faster analysis during extremely tight external deadlines; work with GRM and IT towards advancing Finance reporting requirements as part of the Bank's overall MIS program initiative.
  • Monitor, research, analyze and interpret the proposed changes of the Regulatory Capital guidelines; wwill require in-depth understanding and analysis of the complex rules proposed for each of the portfolios within the Bank; will involve a consultative process collecting inputs from various departments.
  • Work with external and internal auditors to ensure that all Financial Statements and Pillar 3 disclosures of credit and capital data are published as per the SOX, RDARR and EUC processes designed; iincludes detailed work on selected samples, walkthroughs and reperforming of the logic applied in production calculations, data lineage and mapping; support quarterly CFO attestation for BCAR.
  • Responsible for updating non-retail IRB parameters and assessing the financial impacts of the change, as well as the monthly borrower quality migration impact.
  • Support Bank's Enterprise-Wide Stress Testing (EWST) program by providing the baseline, support to fill in the OSFI schedules, communicating logic related to the CAR guidelines and BCAR schedules.
  • Provide oversight to various Risk-Weighted Assets (RWA) impact requests (country, borrower, industry etc), as well as support counterparts in producing and reconciling regulatory reports (e.g. NCR, BH, NSFR, Data Call, CDIC, GDAL).
  • Work closely with teams responsible for maintaining credit system and profitability models to ensure consistency in data capture and RWA calculation methodologies.
  • Provide ongoing coaching and training to a team of 2-3 people by identifying opportunities for professional growth, guiding them to success in their role, and reviewing their deliverables; build effective, inclusive and trustful relationships for the team to work on the department's goals and meet various milestones in monthly reporting or projects.


Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:
  • Strong understanding of the Basel III Framework rules for large internationally active banks and OSFI Capital Adequacy Requirements guidelines.
  • Knowledge of capital impact on Bank's portfolios, primarily Credit Risk on Business Banking products.
  • Hands-on experience with financial reporting and reconciliations, lending products and data analysis.
  • Self-motivated individual with excellent organizational and time management skills; strong interpersonal skills, as the incumbent will interface on a frequent basis with various stakeholders.
  • Superior oral and written communication skills, attention to detail and ability to work under pressure to meet tight deadlines.
  • Well versed in all aspects of building and maintaining strong control environment.
  • Highly proficient in Excel, Access and other MS Office suite products; ability to quickly develop MS Access queries; PowerBI reports is an asset; good working knowledge of bank's GL and risk reporting systems and processes is an asset.
  • Preferred 5+ years of experience in the Finance/Risk Management area of a major financial institution.
  • 2+ years of demonstrated work experience in managing projects in a cross functional environment.
  • 2+ years of experience in supervising staff.
  • CA, CMA, CFA, FRM designation and university degree in Business, Maths, or Computer Science.
  • Production of accurate information to generally predictable but occasionally unpredictable deadlines; month-end and quarter-end closure brings long hours; incumbent will work under considerable time pressure during those periods.
  • Toronto downtown location.


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.
  • A competitive compensation and benefits package.
  • 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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