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Senior Compliance Analyst, Payroll

2 months ago

Old Toronto, Canada Scotiabank Full time
Title: Senior Compliance Analyst, Payroll

Requisition ID: 203692

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

The Senior Analyst Global Payroll and Compliance is responsible for supporting Payroll compliance projects and initiatives to ensure data accuracy and efficiency within SAP and regulatory requirements. This role collaborates with Payroll Operations, Payroll Controls, Total Rewards COE, IT&S/HR Support, and other business areas to create future processes, document, and manage all project-related tasks and requirements. This role ensures all activities conducted are compliant with technical foundations, governing regulations, internal policies, procedures, and completed in accordance with the Bank’s policies and procedures, standards, and regulations.

Is this role right for you? In this role you will:
  1. Support project execution of global expansion initiatives (Global HR Transformation), providing insights and ensuring payroll accuracy, efficiency, and compliance.
  2. Be a subject matter expert in Global Payroll and compliance as well as working knowledge of banking regulations, laws, and policies.
  3. Collaborate with Manager, Global Payroll and Compliance to evaluate and analyze existing payroll policies, procedures, and processes to identify improvement/enhancement opportunities and implement solutions to address them.
  4. Collaborate with Manager, Global Payroll and Compliance in SOX audit process, ensuring strong process controls are implemented and documentation is prepared and updated regularly for Financial and Regulatory processes.
  5. Conduct audits of business and compliance controls, including development and execution.
  6. Ensure that compliance issues are appropriately logged and remediated, ensuring the analysis, key themes, and/or root causes are identified, and impact is assessed.
  7. Analyze and build business requirements regarding the payroll system to align with established project requirements and provide technical expertise and payroll systems support for SAP as required.
  8. Hold self accountable for ensuring the accurate administration, remittance, and reporting of payroll-related activities in compliance with relevant employment standards and legislations.
  9. Seek opportunities to improve/enhance payroll processes, providing insights and recommending solutions to Manager, Payroll and Compliance.
  10. Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
  11. Manage ad-hoc projects as assigned by management or by the Sr leadership team.
  12. Embrace and drive change as required. Identify opportunities to improve efficiency and propose changes to the management.
  13. Build effective working relationships across the team and with various business lines and corporate functions.
Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have the below:
  1. Post-secondary Degree or Diploma in Accounting or Business or related field.
  2. Experience with a large ERP payroll system such as SAP or PeopleSoft is an asset but not a must.
  3. Payroll Designation from the National Payroll Institute – Completed or in progress.
  4. Previous (4+ years) experience in payroll operations.
  5. Intermediate to advanced skills using Excel.
  6. Experience in Power BI, MS Projects, Visio.
  7. Deep understanding and knowledge of Bank policies and procedures.
  8. Strong knowledge of Organizational structure and complexity.
  9. Strong understanding of payroll policies and processes.
  10. Excellent interpersonal and communication skills.
  11. Attentive to details and deadlines; ability to manage multiple priorities.
  12. Strong analytical skills.
  13. Good knowledge of regulatory requirements, with ability to adapt as requirements change.
What's in it for you?
  1. The opportunity to join a forward-thinking and collaborative team, surrounded by innovative thinkers.
  2. A rewarding career path with diverse opportunities for professional development.
  3. Internal training to support your growth and enhance your skills.
  4. An inclusive working environment that encourages creativity, curiosity, and celebrates success

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. 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.

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