Manager, U.S. Broker Dealer Regulatory Reporting

Scotiabank; Dallas (TX); On-site; USD 120,000 - 160,000; Full time

Job summary

Scotiabank in Dallas seeks a Manager, U.S. Broker Dealer Regulatory Reporting to ensure compliance with SEC and FINRA rules and to supervise regulatory filings.

You will coordinate with Risk, Operations, Front Office, and Treasury, develop data quality standards, and respond to audit inquiries, while using data automation to improve efficiency.

This role requires accounting/finance degree and FINRA registration, with strong communication and analytical skills.

Qualifications

• Accounting or Finance degree is required.
• Knowledge of Finance/Accounting principles is essential.
• FINRA registration and broker-dealer certifications preferred.
• Experience with broker-dealer regulatory reporting and data quality.
• Ability to respond to audit inquiries and regulatory requests.
• Proficiency with pivot tables and macros.

Responsibilities

• Prepare regulatory reports for broker-dealers (FOCUS, 15c3-1, 15c3-3).
• Support development of procedures and flowcharts for reporting processes.
• Assist regulators, auditors, and public accounting firms with inquiries.
• Prepare daily/monthly analytics and board management packs.
• Collaborate with Risk, Operations, Front Office and Treasury on data and controls.
• Drive data quality and automated filings using technology.

Skills

Accounting/Finance degree

FINRA registration

Broker-Dealer regulatory reporting

Regulatory reporting controls

Audit/support inquiries coordination

Pivot tables & macros

AI for process automation

Strong communication skills

Education

Accounting or Finance Degree

Job description

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Title: Manager, U.S. Broker Dealer Regulatory Reporting

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

Contributes to the overall success of the Scotia Capital (USA) Inc. Finance & Regulatory team in the United States ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensure all activities conducted are in compliance with governing regulations, internal policies and procedures.

The role has responsibility to ensure that information and data quality standards are in accordance with enterprise technology and data management standards for accurate, complete, and timely financial information. The incumbent also has responsibility to develop and maintain strong regulatory reporting information quality, and MIS disciplines.

What You\'ll Do

• Responsible for supporting the preparation of the core regulatory reports required to be produced by a Broker Dealer:
  o Monthly FOCUS Report
  o 15c3-1 Daily Net Capital
  o 15c3-3 Daily Customer Reserve Comp
  o Supplemental FINRA reporting (SSOI, SLS, etc.)
  o TIC, FRY-15, CUSO Reporting
  o US Dept. of Commerce Survey BE-605 and BE-185
  o Bi-Monthly Short Interest Reports to FINRA
  
• Assist in the development of procedures and flowcharts covering the preparation of the monthly FOCUS report, regulatory capital and client protection processes, and FRB reporting for TIC and Y-15
• Responsible for assisting in addressing audit inquiries and investigations from internal audit, regulators, and public accounting firms, including (FINRA, CME, CFTC, SEC, KPMG, PWC, and the Federal Reserve)
• Assist in the preparation in daily and monthly analytics, quarterly board packages, and other various management packages.
• Support Senior Managers in audit requests, and regulatory ad-hoc requests from regulators, external/internal auditors and FOR A. In addition to maintaining and monitoring audit request logs to ensure team is closing out requests and issues timely
• Develop and enhance internal work papers to make process more efficient.
• Support the Senior Manager, in working with Risk, Operations, Front Office, and Treasury in finding solutions to maximize the SCUSA balance sheet, reduce capital costs and grow the business while remaining in capital compliance.
• Work with the key business support partners in learning and gaining an understanding of the business that’s supported, to become effective and ensure the team is getting the right data.
• Actively 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.
• Attend industry conferences and training events to stay up to date on any new rules or regulation changes that can impact the broker dealer.
• Champions a high-performance environment and contributes to an inclusive work environment.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Use technology to tactically and strategically automated regulatory filings (i.e., 15c3-3 Customer Reserve, FR Y 15, FINRA Supplemental Reports) to increase, resiliency, transparency, and accuracy.
  

What You\'ll Bring

• Accounting or Finance Degree Required
• FINRA registration and broker-dealer certifications preferred
• Knowledge of Finance/Accounting Principles
• Excellent Communication and interpersonal skills
• Experience with Broker-Dealer regulatory reporting including an awareness of emerging regulatory requirements impacting changes &/or enhancements to available data.
• Skilled at implementing reporting with a system of controls.
• Must be organized and able to multi-task
• Familiarity with pivot tables and macros and understanding how critical data elements impact downstream reporting
• Ability to introduce use of AI to streamline day to day process
• Knowledge of SEC rule 17a5 Compliance report controls
• Understanding of SEC regulations 15c3-1 & 15c3-3
• Work in a standard office-based environment; non-standard hours are a common occurrence. Limited travel domestically.

Interested?

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

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.