Manager, Regulatory Capital - Debt and Securitization

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

Job summary

Join Scotiabank as a Regulatory Capital Reporting Specialist in Toronto, where you'll ensure accurate and timely reporting while collaborating with key stakeholders. This challenging role requires strong analytical skills, particularly in Excel and Power BI, and an understanding of Basel III regulations. Enjoy a competitive benefits package and opportunities for career growth in an inclusive environment.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Career development opportunities

Qualifications

• At least 2 years of experience in a cross-functional environment.
• Experience in credit risk management preferred.
• Good understanding of the Basel III framework.

Responsibilities

• Prepare monthly and quarterly regulatory capital reporting.
• Support innovation in management reports and tools.
• Ensure accuracy in RWA and EL calculations.

Skills

Excel

Power BI

SQL

Attention to detail

Financial modeling

Education

University degree in Mathematics, Computer Science, or Business

Accounting/CFA/FRM designation

Tools

MS Access

Job description

Requisition ID: 227182

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

This role has a responsibility for ensuring accurate and timely reporting of Regulatory Capital components for Debt Investments, Securitizations, and other assets for the total Bank. This role involves significant engagement and coordination with key stakeholders in GBM, GRM, IT&S etc.The role requires subject matter expertise for Basel III capital reporting, with excellent Excel and PowerBI / SQL skills as well as extensive understanding of OSFI's Capital Adequacy Guidelines.The Manager will provide support to regulatory compliance (e.g. Audit, RDARR, Data Governance, AIRB self-assessment).

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

• Provide support to Senior Manager in the preparation of monthly and quarterly regulatory capital reporting, including internal MIS reports to senior management and ad hoc requests.
• Support the Senior Manager with ongoing innovation in building new management reports (Power BI reporting platform) and tools (credit risk calculation models) that will lead to faster analysis during extremely tight external deadlines.
• Ensure accuracy in RWA and EL calculations and provide variance commentary using Excel, Power BI and SQL queries.
• Support the project teams in ongoing regulatory changes.
• Participate in the continuing RWA optimization initiatives proposed by GRM and Finance.
• Assist in other ongoing and one-off projects related to Regulatory Capital reporting as and when required.
• Provide subject matter expertise regarding the reporting capabilities of the Capital Reporting systems, including Capital Reporting engine , and Reporting platform.
• Create and maintain documentation for reporting processes to address compliance requirements (e.g. EUC, RDARR, desktop procedures).
• Contribute to Bank’s participation in QIS studies as initiated by BIS consultative documents.
• Support systems changes or new programming requirements and User Acceptance Testing (UAT), by developing business requirements, Test Cases, and expected results.
• Make recommendations to Senior Manager on improvement opportunities in existing methodologies and processes.

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

• University degree in Mathematics, Computer Science, or Business, with at least 2 years of demonstrated work experience in a cross-functional environment. Accounting/CFA/FRM designation is an asset.
• Experience in credit risk management preferred.
• Good understanding of the Basel III framework and OSFI’s CAR Guidelines.
• Exceptional attention to detail.
• Good knowledge of database management software, such as MS Access and Power BI, to facilitate manipulation of large volumes of financial data.
• Highly proficient in Excel and other MS Office suite products.
• Solid financial modelling skills.
• Skilled in conducting UAT and development of test cases.
• Experience in process automation and reconciliations.
• Familiarity with banking products and exposures will be beneficial.
• Ability to work under pressure and willingness to work long hours as demanded by tight reporting deadlines.
• Superb self-motivation and work attitude, excellent organizational and time management skills.
• Strong communication skills.

What’s in it for you?

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.

#scotiafinancejobs

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.