Manager, Regulatory Reporting

Scotiabank; Houston (TX); On-site; USD 110,000 - 140,000; Full time

Job summary

Scotiabank in Houston seeks a Manager, Regulatory Reporting to strengthen the U.S. Finance team. You will prepare regulatory filings, review outcomes, and ensure data integrity across reporting processes in a global banking context.

You will collaborate with cross-functional teams, leverage AXIOM for filings, and support audits and exams while driving process improvements and policy updates.

Qualifications

• Strong accounting knowledge and understanding of US GAAP rules.
• 5+ years experience in financial/regulatory reporting in banking or consulting.
• Proficient in MS Office; Excel in particular.
• Experience with AXIOM or similar tools is a plus.
• Understanding of banking and capital markets is a plus.

Responsibilities

• Prepare regulatory reports per US GAAP and related instructions (daily–annual).
• Review reports to ensure compliance and proper controls.
• Utilize AXIOM to produce regulatory filings.
• Document and monitor data quality and CDEs for regulatory reporting.
• Collaborate across departments to implement new requirements and resolve issues.
• Participate in end-to-end AXIOM testing for BAU releases.
• Support Internal Audit and external exams with information and process improvements.
• Create/update policies, procedures, and risk-control matrices.
• Assist in data collection for dashboards and metrics.
• Prepare decks for stakeholders and assist training material.
• Attend mandatory Finance and Regulatory trainings.
• Respond promptly to ad-hoc regulatory requests.
• Show initiative and independent judgment in delivering objectives.
• Take on other Projects as assigned.

Skills

US GAAP knowledge

Accounting knowledge

Excel skills

Communication skills

Analytical thinking

Tools

AXIOM

Job description

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Global Banking and Markets

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!

Purpose

In this role as a Manager, Regulatory Reporting, you will contribute to the overall success of the U.S. Finance Department, ensuring specific individual and departmental goals, plans, initiatives are executed and delivered in support of the team’s business strategies and objectives within the U.S. and globally as part of Global Business Markets (GBM). The Manager, Regulatory Reporting must ensure all activities conducted are in compliance with governing regulations, internal policies and procedures for Houston Branch and Scotia Holding (USA), LLC. It includes preparation and review of regulatory reports, manages / coordinates the issues identified around AXIOM logic and data integrity / quality issues for Houston Branch’s reporting perspective.

What You'll Do

• Prepare regulatory reports in accordance with US GAAP and reporting instructions covering daily, weekly, monthly, quarterly, and annual reports (e.g., FR2900, FFIEC 002, Borrower-In-Custody (BIC), TIC reports).
• Perform thorough review of regulatory reports as assigned to ensure compliance with the regulatory reports’ instruction and proper controls in places.
• Working knowledge of the reporting tool (Axiom) used by the department to produce the regulatory filings.
• Document and monitor issues related to system / data quality from regulatory reports. Continuously drive accountability for accuracy of Critical Data Elements (CDEs) used for Regulatory Reporting. Work with team members for initial root causes analysis and resolution channel.
• Collaborate with various stakeholders across business and functional areas of the Bank (i.e., AXIOM Project team, Data Governance, Operations, Treasury, Credit Risk, Product Control, IT, to interpret, operationalize and implement new reporting requirements and to resolve known and self-identified issues.
• Participate in end-to-end testing on all AXIOM BAU releases as applicable.
• Help prepare and coordinate requested information and answer questions from Internal Audit, Quality Assurance Internal Control, and external Fed Exams. Implement improvements to process and controls based on testing results.
• Create/update Policies & Procedures and other documentations including process flows and risk control matrices.
• Assist in the data collection for regulatory reporting metrics for dashboards.
• Prepare presentation decks to internal stakeholders. Assist in the development and/or updating training material and conduct training, as necessary.
• Attends required Finance, U.S. GAAP/IFRS, Regulatory, and any mandatory Compliance training.
• Ability to respond promptly and sufficiently to ad-hoc regulatory requests while ensuring other deliverables are met.
• Demonstrate an ability to exercise a high degree of initiative, independent judgement, and self-direction in meeting objectives and solving problems while knowing when to reach out for clarification and/or assistance.
• Other Projects as assigned.

What You'll Bring

• Strong Accounting knowledge and comprehension of U.S. GAAP accounting rule / instructions
• 5+ years working experience in financial and regulatory reporting at a large and complex banking organization or consulting firm.
• Proficient PC Skills, especially in MS Office Suite. Intermediate to Advanced skill in Excel is a must.
• Experience with AXIOM or similar reporting tools is an asset.
• A good understanding of banking and capital markets business is a plus
• Strong work ethics with a proactive attitude and high level of accountability
• Quick learner with demonstrated curiosity and adaptability in a dynamic environment.
• Strong written and verbal communication skills including presentation skills to senior management.

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s 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.