Director, U.S. Head of Capital Reporting and Management

 

 

 

Requisition ID: 191994

 Salary Range: 174,700.00 - 286,000.00 

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

 

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:

 

Contributes to the overall success of U.S. Finance ensuring specific individual goals, plans, initiatives are executed /delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

 

Initial responsibility will be to build a dedicated U.S. regulatory capital team and expertise to establish a U.S. specific approach, calculation and reporting across all products to calculate Risk-weighted assets (“RWAs”), leverage ratio, and other capital metrics. The role will lead in developing readiness to meet capital and reporting requirements for Intermediate Holding Company (“IHC”) including general knowledge of FR 2052a Complex Institution Liquidity Monitoring Report.

 

Determine and define expected capital contributions from parent to fully fund an Intermediate Holding Company; create governance and processes around capital planning that is supported by entity and management reporting. This includes providing advice and counsel to business units and U.S. CRM with respect to the capital impact of transactions and returns.  

 

Lead and be responsible for planning, forecasting, and optimization of capital with the primary objective of improving Return on Equity metrics for U.S. Includes evaluating a variety of economic scenarios across the capital continuum, ranging from business as usual to stress environments, including recovery and resolution.  Deliverables include forecasting capital capacity and ratios, such as RWA, improving the systems and processes used to perform these activities, coordinating associated regulatory submissions and legal entity forecast of capital/RWA across entities and business lines.

 

The incumbent is expected to establish credible relationships with business partners in providing perspective on capital and finance matters pertaining to business activities. Includes maintaining an in-depth level of knowledge of each business lines’ capital usage, future plans, and forecasts. Includes Business partnering on optimization efforts and helping identify opportunities or provide insights to help the Business in their decisioning process. The incumbent also provides input to new product development and the integrity of capital allocation for existing financial reporting. 

 

He/She has the responsibility to ensure that information and data quality standards in accordance with the enterprise technology and data management standards for accurate, complete, and timely regulatory information.  The incumbent also has responsibility to develop and maintain strong regulatory reporting, information quality, and MIS disciplines.
 

What You’ll Do:

 

• Responsible for attributing regulatory capital to the Business Lines for performance measurement purposes in support of the Bank’s planning, forecasting and quarter end reporting processes. To work closely with the Business Lines to ensure plans/forecasts are up to date and questions/concerns are responded to in a timely manner.
• Act as the Bank’s subject matter expert on regulatory capital methodology and be responsible for proposing new methods a