Assistant Manager, Tax Documentation - GBM Onboarding (GWO)

Scotiabank; Toronto; On-site; CAD 90,000 - 130,000; Full time

Benefits offered by this job

Bonus

Flexible vacation

Comprehensive benefits

Job summary

Scotiabank in Toronto seeks an Assistant Manager to oversee FATCA/CRS/QI compliance within Global Banking & Markets (GBM). You will coordinate onboarding data, ensure accurate tax reporting, and support governance across global jurisdictions.

Responsibilities include producing regulatory reports, KPI maintenance, and ensuring adherence to regulatory deadlines, with a focus on tax rules and cross-border reporting. This role requires collaboration with onboarding teams and business lines.

Qualifications

• Experience with FATCA, CRS and QI regimes.
• Familiarity with US/Canadian tax forms.
• Experience with regulatory audits and reporting.
• Ability to interpret IRS Code and related regulations.
• Strong communicator for onboarding operations.

Responsibilities

• Assist in managing day-to-day interactions with onboarding & periodic refresh specialists related to tax requirements and process.
• Assist in managing FATCA/CRS/QI compliance in global GBM jurisdictions, including review of documentation, reportable account information, and accuracy of information returns.
• Provide oversight and governance over FATCA/CRS/QI compliance where client onboarding processes and data management are conducted locally.
• Produce FATCA/CRS/QI regulatory reports in accordance with SOPs and deadlines.
• Serve as a Subject matter expert for GBM Onboarding team for FATCA CRS and QI regulation.
• Maintain KPI data for Annual GBM FATCA/CRS/QI Reporting for management.
• Ensure compliance with current and future tax requirements for GBM clients.
• Ensure Daily/Monthly FATCA/CRS/QI Operational Monitoring and updates.

Skills

Tax compliance

Regulatory reporting

Onboarding experience

Data analysis

Tools

Broadridge

Fenergo

Job description

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Requisition ID: 276634
Employee Referral Program – Potential Reward:$1,000.00
We are committed to investing in our employees and helping you continue your career at Scotiabank.

The Role

As a member of the team, Assistant Manager will have responsibility for managing client tax requirements to ensure compliance with tax regulations including but not limited to FATCA, Common Reporting Standards and Qualified intermediary related to Global Banking & Markets (GBM) clients. This position will assist with the documentation and review efforts in connection with FATCA/CRS/QI annual reporting.

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

• Assist in managing the day-to-day interactions with onboarding & periodic refresh specialists related to tax requirements and process.
• Assist in managing FATCA/CRS/QI compliance in global GBM jurisdictions, inducing review of documentation, reportable account information, and accuracy of information returns,
• Assist in providing oversight and governance over FATCA/CRS/QI compliance where client onboarding processes and data management are conducted locally.
• Produce FATCA/CRS/QI regulatory reports in accordance with SOPs/production schedule/regulatory reporting deadlines. Gather data, perform quality control functions & compile data for report submission. Ensures report timeliness, completeness & accuracy of submission to the checker.
• Serve as a Subject matter for GBM Onboarding team for FATCA CRS and QI regulation
• Assist in Maintaining and record KPI data for Annual GBM FATCA/CRS/QI Reporting for management consumption to ensure variations in data reporting oversight are addressed.
• Ensure compliance with current and future tax requirements for GBM clients
• Ensure Daily/Monthly FATCA/CRS/QI Operational Monitoring and updates.

Dimensions

• Countries/business units supported: Capital Markets, Corporate/Investment Banking, and GTB/GBM-related businesses on a global-basis
• Number of systems : Fenergo, Swift, TFC (reporting)
• Regulatory bodies: Including but not limited to OSFI, FINTRAC, CRA, IRS, HMRC, IRAS,

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

• Experience with knowledge of tax rules and regulations such as FATCA (Chapter 4 and IGA regimes), Common Reporting Standards,. Familiarity with Form W-9, all Forms W-8, 1099, and 1042S tax forms.
• Knowledge of Broadridge and Fenergo systems is a plus.
• Experience with regulatory audits and reporting.
• Ability to convey tax rules, regulations, and processes to Onboarding Operations and the Business lines.
• Ability to read and interpret IRS Code, regulations, and instructions
• Ability to interface with all facets of our business
• Ability to multitasking and project management capability
• Strong communication and problem solving skills.
• Basic Knowledge of US and Canadian tax laws to support the FATCA and Common Reporting Standards in gathering requirements for regulatory compliance for the GBM business.
• Familiarity with investment fund structures (e.g. hedge funds, mutual fund trusts) and capital market products (e.g. securities lending, prime brokerage, repos, derivatives) is a plus.
• Some experience with tax laws to support training and development of onboarding teams.
• Basic understanding of the capital markets and corporate banking business and regulatory trends is necessary, as is a client-centric approach to the role. The international scope of the business, together with the multiplicity of stakeholders, will require work outside of traditional business hours from time to time.

What’s in it for you?

• Opportunity to engage with various GBM business groups on KYC/AML topics and client outreach activities
• Opportunity to enhance knowledge of GBM’s global product offering, business lines and functional processes, as well as gain exposure to the overall bank
• Opportunity to build strong strategic relationships across broad partner and stakeholder groups within GBM globally and across the bank
• Be a key member of a dynamic and engaged team with strong leadership and focused personal and career development support
• A rewarding career path with diverse opportunities for professional development
• An organization committed to making a difference in our communities – for you and our customers.
• A competitive rewards program including bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
• Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
• Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.

Location(s): Canada : Ontario : Toronto