Manager, Transfer Pricing and Global Finance Reporting

Scotiabank; Toronto; On-site; CAD 90,000 - 120,000; Full time

Job summary

Join Scotiabank as a Manager in Transfer Pricing and Global Finance Reporting in Toronto, where you’ll help manage transfer pricing processes and ensure compliance with regulations. This role involves teamwork across departments, enhancing operational processes, and cultivating a high-performance environment. We value diversity and encourage applicants from all backgrounds to apply.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Career development opportunities

Qualifications

• Strong experience in managing transfer pricing operations.
• Ability to manage compliance with transfer pricing guidelines and tax risks.
• Proven experience in communicating effectively with various stakeholders.

Responsibilities

• Manage the quarterly transfer pricing billing process.
• Provide support for user focus and training sessions.
• Implement process enhancements and support project teams.
• Assist with year-end transfer pricing reporting.

Skills

Results-oriented

Excellent written and verbal skills

Ability to communicate transfer pricing issues

Confidence in presenting

Education

Experience in transfer pricing operations

Familiarity with OECD guidance

Job description

Requisition ID: 229189

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

The Manager, Transfer Pricing and Global Finance Reporting will help ensure specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. The individual will also ensure that all activities conducted are in compliance with governing regulations, the Transfer Pricing Framework, and the Global Transfer Pricing Policy. The Bank of Nova Scotia (BNS) performs many activities in Canada to support its foreign operations (whether branches or subsidiaries). These services may include management, operational support (e.g. HR services, fraud support, etc.) and oversight (e.g. Audit).The Global Transfer Pricing program helps ensure that the costs of providing a service borne by one BNS entity for the benefit of another are allocated appropriately and comply with legislative tax and transfer pricing requirements.

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

Manage the execution of the quarterly transfer pricing billing process, which includes but is not limited to, overseeing the collection of billing data analyzing and assessing reasonableness of the proposed charge-out for services rendered in accordance with the various intragroup contractual terms and conditions, and distribution of bills to legal entities. This includes working closely with Global Taxation and other members of the Global Transfer Pricing team in on-boarding new head office support service groups and service descriptions into the transfer pricing administration tool / application. This includes ensuring appropriate documentation for services is in place & broadly communicated (i.e., confirmation of cost comparison to BL allocations, cost rate definitions, cost pools, and socialization of costing details amongst the service recipients & service providers).

•Managing the quarterly billing & enquiry support functions. Generate complete & timely intragroup invoices for services provided using data sourced from the Bank’s general ledger and HR systems. Provide subsequent support with escalation and management of key enquiries from service recipients (i.e., dispute resolution). Capture, track, and process charge-out credits as needed and resulting from these disputes.

•Providing support for user focus and training sessions for head office support groups. This includes documenting key drivers and information for head office support service providers and conducting focused group sessions for key audiences such as Risk Management, Global Business Payment, and other Corporate Functions.

• Being an active member of the project team in implementing process enhancements. This include searching for opportunities to improve the Global Transfer Pricing process, providing input into drafting business requirements, working with IT to address any build questions, testing the end product, and signing off.

• Generating year-end transfer pricing reporting. This function works closely with the Global Transfer Pricing team to help ensure completeness & accuracy of year-end reporting for both International Banking and GBM related entities - governance.

•Assist with ad hoc requests from key stakeholders and support the Global Transfer Pricing team, as required.

• Direct day-to-day activities in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits. Communicate the Bank’s risk culture and risk appetite statement throughout the team.

•Create an environment in which his/her team pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.

•Build a high-performance environment and implement a people strategy that attracts, retains, develops and motivates the team by fostering an inclusive work environment and using a coaching mindset / behaviour, communicating vison / values / business strategy, and managing succession and development planning for the team.

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

•Results oriented individual who finds the right balance between simple solutions that meet business objectives, while complying with regulatory requirements and adequately managing tax risks.

•Excellent written, verbal and presentation skills with the ability to interact effectively with stakeholders.

•Ability to identify and communicate a broad range of issues related to implementation of transfer pricing guidelines.

•Confidence and experience in presenting internally and answering authoritatively on subject matter.

•Experience in transfer pricing operations for tax transfer pricing purposes preferred.

•Familiarity with transfer pricing rules and OECD guidance preferred.

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.