Senior Manager, Regulatory Reporting

 

 

 

Requisition ID: 251047 

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

 

Global Banking and Markets 

 

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. 

 

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.  

 

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries!  We work together to drive ambition for every future! 

 

Purpose

 

In this role as a Senior 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 Senior Manager, Regulatory Reporting must ensure all activities conducted are in compliance with governing regulations, internal policies and procedures.

 

What You'll Do

 

• Manage the staff’s preparation of various reporting requirements to external regulators covering daily, weekly, monthly, quarterly, and annual reports (e.g., FR 2900, FR 2644, FFIEC 002, FFIEC 019, FR Y-15, FR Y-7N, TIC BC, BL-1, BQ=2, BQ-3 reports, BE reports, etc...).

• Perform due diligence review of workpapers prior to filing 

• Collaborate effectively with multiple stakeholders across several functional areas of the Bank (e.g. Operations, Treasury, Finance, IT, Product Control, Credit Risk) to interpret, operationalize and implement new regulatory reporting requirements and instructions. 

• Improve current regulatory reporting environment by employing best practices and expand controls around the reporting process to ensure data quality, integrity and accuracy of reports. 

• Monitor regulatory report validation, attestation and submission with key regulatory bodies in a timely manner.

• Able to prepare executive summary materials and interact frequently with senior executives across the Bank. 

• Develop and/or update materials to train staff/internal stakeholders as needed, in the interpretation of FRB regulations.

• Responsible for coordinating requested information and answering questions from Internal Audit, Quality Assurance, and external Regulatory Exams.

• Frequent interactions with DGO (data governance office) to drive accountability of data quality throughout the organization. Assist DGO in keeping data lineage updated.

• Supervise, coordinate and manage the implementation of requirements as it relates to Axiom end-to-end UAT testing

• Create and/or maintain up-to-date documentation for regulatory reporting processes, including risk control matrixes, system and data flows, and policies and procedures in accordance with the Bank’s Regulatory Reporting Target Operating Model. 

• Identify, prioritize, analyze, remediate, and escalate (if necessary) issues related to regulatory reporting process in accordance with the Bank’s Issue Management Policy. 

• Maintain awareness of regulatory changes and document requirements of regulatory changes in accordance with the Bank’s Change Management Policy. 

• Strong understanding of financial products, capital requirements and capital management helpful (e.g. FR Y-9C, CCAR, etc.) 

• Ability to respond promptly and sufficiently to ad-hoc regulatory requests while ensuring other deliverables are m