Assistant Manager - Regulatory Trade Reporting

Scotiabank; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading financial institution is seeking an Assistant Manager in Toronto. The role involves ensuring regulatory reporting compliance, identifying reporting breaks, and collaborating with stakeholders. Ideal candidates will have 1-2 years of experience in compliance or business analysis, strong problem-solving skills, and the ability to thrive in fast-paced environments. The company offers a supportive and inclusive workplace.

Benefits

Flexible benefit programs

Support for holistic well-being

Qualifications

• 1-2 years' experience in business, compliance, or risk.
• Experience with regulatory reporting requirements is a plus.
• Ability to work in a fast-paced environment.
• Proven ability to meet tight deadlines.

Responsibilities

• Ensure trade reporting compliance with regulations.
• Identify and remediate reporting breaks.
• Partner with internal and external stakeholders on compliance.
• Maintain policies for internal control processes.

Skills

Business analysis skills

Strong problem-solving skills

Advanced communication skills

Organizational skills

Strategic thinking

Job description

Requisition ID: 232150

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

Purpose

The assistant manager is responsible for helping to drive an efficient and effective Regulatory Reporting & Control function within Global Wholesale Operations. The incumbent will execute daily and periodic monitoring controls, identify and investigate exceptions, and help support projects/initiatives to promote operational effectiveness support GWOs business strategies and objectives.

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

• Ensuring BNS trade reporting activities are in compliance with governing regulations and business requirements in all areas Scotiabank operates (CFTC, SEC, CTR, ESMA, FCA, MAS, HKMA, ASIC).
• Identifying reporting breaks (through daily reconciliation activities and/or other controls) and remediating potential reporting issues to mitigate compliance/regulatory risks.
• Partnering with internal (e.g. Technology, Internal Controls, and Compliance) and external (e.g. Trade Repositories) stakeholders on compliance remediation matters and ensuring effective control processes are implemented and followed.
• Understanding reporting requirements and maintaining up-to-date knowledge of regulatory reporting/reporting logic across all jurisdictions
• Analyzing the impact of regulatory changes and implementing necessary changes to internal reporting and control processes that ensure compliance with the reporting obligations in all regions the bank operates.
• Actively participating and contributing in change management projects/initiatives to ensure that regulatory reporting requirements are working with adequate controls and appropriate metrics are incorporated into the KPI/KRI risk management platform.
• Provide support during management ad hoc requests, internal audit or testing engagements, and assist with preparation for regulatory audits or queries.
• Continuously reviewing current processes and identifies opportunities for improvements to promote efficient and effective oversight processes.
• Creating and maintaining policies and procedure documents for all internal control processes.
• Contributing to the protection of the Bank from exposure to loss or penalties by ensuring compliance with Bank, GWO policies/processes and regulatory requirements.
• Understanding how the Bank’s risk appetite and risk culture should be considered in day-to-day activities
• and decisions.

Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:

• Minimum 1-2 years’ experience in business, compliance, risk, or front office function.
• Exceptional business analysis skills and demonstrated success participating project lifecycle. This includes scope definition, business case development, requirements gathering, test script development, deployment and implementation assistance
• Knowledge of reporting requirements/reporting logic for various regimes (CFTC, SEC, CTR, ESMA, FCA, MAS, HKMA, ASIC) would be an asset.
• Strong ability to understand, analyze, and successfully implement changes to internal processes. Previous success responding to/implementing regulatory change initiatives. This includes taking an active role to analyze the impact of and plan the implementation of reporting changes necessitated as a result of regulatory changes in the industry.
• Demonstrated success working in a demanding and fast-paced environment
• Strong track record successfully meeting tight deadlines and performing efficiently under pressure
• Strong problem-solving, strategic thinking, organizational skills and strong data mining skills
• Advanced communication skills and the ability to clearly and concisely present to senior stakeholders
• Exceptional interpersonal skills with demonstrated ability to gain confidence and respect of team members and key stakeholders
• Strong problem-solving skills and ability to think strategically to execute goals/objectives
  
  

Work Arrangement: Work in a standard office-based environment; non-standard hours are a common occurrence.Travel may be required on an exception basis.

Interested?

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That is why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.