Senior Manager, Scotia Capital (USA) Inc. Controller

Scotiabank; New York (NY); On-site; USD 117,000 - 225,000; Full time

Job summary

Join a purpose-driven team at a leading bank in the Americas as a Senior Manager in Capital Markets. This role involves leading financial reporting and regulatory compliance while fostering a high-performance culture. You will oversee a talented finance team, ensuring adherence to regulations and internal policies. The position offers a unique opportunity to drive innovation in financial processes and enhance client relationships. If you're passionate about finance and want to make a significant impact in a collaborative environment, this is the perfect opportunity for you.

Benefits

Flexible Benefit Programs

Holistic Well-being Support

Inclusive Work Environment

Qualifications

• 15+ years of experience in financial and regulatory reporting required.
• Strong knowledge of U.S. GAAP and complex accounting principles.

Responsibilities

• Lead the financial close and ensure accurate financial statements.
• Prepare key regulatory reports and ensure compliance.

Skills

Financial Reporting

Regulatory Compliance

Team Leadership

Accounting Principles

Client Relationship Management

Analytical Skills

Risk Management

Education

Finance or Accounting Degree

CPA (preferred)

FINRA Series 99 Certification

FINRA Series 27 Certification (preferred)

Tools

Financial Reporting Systems

Accounting Software

Job description

Title: Senior Manager, Scotia Capital (USA) Inc. Controller

Requisition ID: 214216

Salary Range: 117,400.00 - 224,700.00

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

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

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.

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 US Finance ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies, and procedures.

Leads and oversees the Scotia Capital (USA) Inc. Finance team ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies, and procedures.

Contributes to the oversight of preparation of financial reporting and operational accounting for Combined US Operations (“CUSO”).

What You’ll Do

1. Lead and drive a customer-focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
2. Responsible for the monthly financial close and accurate presentation of the audited financial Statements of Scotia Capital (USA) Inc.
3. Control the balance sheet by ensuring all balance sheet accounts are substantiated, analyzed, and reconciled.
4. Supervise and mentor Scotia Capital (USA) Inc. Finance Staff.
5. Key Finance team member responsible for implementing technology enhancements and solutions for the CUSO, including ledger system upgrades and accounting rules engine implementations.
6. Responsible for preparing key Broker Dealer regulatory reports, including the FOCUS report, FINRA Supplemental Reporting, FR Y-15, and other Fed reports.
7. Coordinate with the Head of Broker Dealer Regulatory Reporting ensuring compliance with Broker Dealer 15c3-1 Net Capital & 15c3-3 Client protection.
8. Liaise with internal and external auditors and regulators.
9. Cross train & share industry knowledge with the team.
10. Enhance existing reporting process and work papers to align with industry best practices.
11. Responsible for business line balance sheet reporting across the CUSO, including the development of key analytics and commentary.
12. Liaise with front office, legal, compliance, operations, risk, product control, finance, and other support teams as a key stakeholder in implementing new processes, products and solutions to make a better bank.
13. Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
14. 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.
15. Build a high-performance environment and implement a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vision/values/business strategy; and, managing succession and development planning for the team.

What You’ll Bring

1. Finance or Accounting Degree Required, CPA preferred.
2. FINRA registration and broker-dealer certifications, Series 99 required, 27 preferred.
3. 15+ years of relevant experience in financial and regulatory reporting.
4. Understanding of banking business, capital markets financial products, and transactional mechanics.
5. Strong knowledge of U.S. GAAP financial accounting, including complex accounting principles, P&L reconciliations, profitability analysis, and knowledge of financial and accounting models is required. (knowledge of IFRS preferred)
6. Skilled at implementing reporting with a system of controls.
7. Experience in transitioning to new reporting platforms and systems.
8. Advanced knowledge of U.S. Broker-Dealer regulatory reporting including an awareness of emerging regulatory requirements impacting changes &/or enhancements to available data.
9. Knowledge of SEC rule 17a5 Compliance report control requirements.

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.

Location(s): United States : New York : New York City

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 during the recruitment and selection process, please let our Recruitment team know. 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.