Senior Analyst, Regulatory Reporting

 

 

 

Requisition ID: 190230

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

 

Hiring Details:

• Reports to: Sr. Manager, Regulatory Reporting
• Business Line: EO Finance 

 

Job Purpose:

The Regulatory Reporting team manages and oversees financial regulatory reporting for the Bank and assigned subsidiaries.  This includes: governance of the process, including monitoring all Bank compliance with filing requirements; change and project management for new or enhanced returns; relationship management with regulators [e.g. Office of the Superintendent of Financial Institutions, Bank of Canada, the Autorité des marchés financiers , Statistics Canada, Provincial Regulators, Securities and Exchange Commission,  the Depository Trust and Clearing Corporation, US Federal Reserve, and Canada Deposit Insurance Corporation], completion of returns on time (monthly, fiscal quarterly, calendar quarterly, semi-annually, annually, and ad-hoc filings to regulators) , performance of variance analysis, response of regulatory inquiries, internal information providers, participation in Canadian bankers Association meetings and etc.

 

Senior Analyst – Finance Regulatory Reporting prepares and submits a subset of the team’s returns ensuring complete, accurate and timely completion in accordance with instructions provided by regulators as well as established procedures and deadlines.  This includes preparation of variance analysis and investigation of major variances and other unusual items with escalation and explanation to management and regulators, as required.  It also includes interaction with internal data providers to ensure data meets filing requirements.  The incumbent is also expected to source new data as required for changes to existing returns or new returns assigned.

 

 

Is this role right for you? In this role, you will:

Regulatory Reporting:

• Manage the production of assigned regulatory returns at the Bank and/or subsidiary level ensuring completeness, accuracy and timely filing of all financial reports with the Regulators (e.g., OSFI, Bank of Canada, Statistics Canada, CDIC, AMF, FED, SEC, DTCC and etc.), and keeping abreast of regulatory changes. The scope also includes the preparation of the GDAL (Geographical Distribution of Assets and Liabilities) return filed with the Bank of Canada.  This includes:
• Monthly GM (booked in Canada) for M4 Return Memo Items
• Quarterly GQ (booked in Canada) and quarterly GR (booked outside Canada) filings, and T2 – the reconciliation of GDAL to M4.  G-SIB Report
• In addition, there will be cross-training on other returns as assigned, to ensure appropriate vacation / absence coverage within the team.
• Work with Manager and Senior Manager to complete the internal control testing team/internal audit’s testing requirements by participating in the walkthrough meetings, follow-up meetings and provide requested artifacts where applicable.
• Interpret and implement new reporting requirements and manage the implementation of system and procedural changes to ensure compliance with new regulatory requirements.

 

Automation:

• Working with the Project Team, execute the automation of returns in the production environment.  This includes gaining and transferring knowledge on system functionality, processing adjustments, mapping update and reporting tools using the new system.  Update the desktop procedures, attestation process and other related controls as a result of automation.  

 

Accounting and Other Initiatives:

• Participate, as required, in accounting and other initiatives impacting financial regulatory filings, including new or enhanced systems, changes in accounting standards, new products or acquisitions and disposals.  Perform regulatory tree review/update and review CRFs to assess impact on regulatory reporting, as assigned.

 

SOX Compliance/Process Improvements:

• As a SOX process owner for stated responsibilities, ensure strong process controls are implemented and documentation is prepared and updated regularly for Financial and Regulatory processes.  On an ongoing basis, ensure processes are reviewed regularly and enhanced where required.

 

Change Management:

• Embrace and drive change as required. Identify opportunities to improve efficiency and propose changes to the management.

 

Other projects and initiatives as required:

• Manage ad- hoc projects as assigned by the management or other areas in the group.

 

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you i