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Lead Manager, Regulatory Financial Reporting
2 months ago
Position Overview:
Join a purpose-driven team that is committed to achieving results within an inclusive and high-performing culture.
The Regulatory Financial Reporting division is tasked with the creation and dissemination of a diverse range of financial documents for both internal stakeholders and external parties. This includes essential reports such as the Quarterly Shareholder Report, Annual Report, and Supplementary Financial Reporting Package aimed at investors. Additionally, this division ensures compliance with the disclosure mandates set forth by various regulatory and accounting authorities, including OSFI, CPA Canada, IASB, OSC, and SEC.
Key Responsibilities:
- Stay informed on regulatory changes from Canadian, US, and international authorities that affect the Bank's external disclosures. This involves conducting impact assessments and educating stakeholders on the implications of these changes.
- Assist in the quarterly and annual reporting processes, which entails preparing specific financial statement notes and MD&A disclosures, while coordinating input submissions across various departments.
- Ensure that disclosures related to non-GAAP measures and ratios comply with OSC regulations. Provide guidance on these requirements to different teams within the organization.
- Conduct research and analysis to develop and implement accounting policies for designated sections, maintaining a comprehensive understanding of current and upcoming accounting standards.
- Play a senior role in the execution and coordination of Finance projects associated with financial accounting and reporting, ensuring timely involvement of relevant departments in decision-making.
- Facilitate the automation of disclosures in the Bank's quarterly and annual reports and other external documents, collaborating closely with the technology team.
- Oversee the preparation of select notes in the Bank's MD&A and financial statements, reviewing work completed by managers and senior analysts, and addressing inquiries from auditors.
- Engage in industry forums discussing new disclosures and research topics, representing the Bank's stance effectively.
Qualifications:
- A degree in business, finance, or accounting.
- CPA designation is highly preferred.
- In-depth knowledge of International Financial Reporting Standards and OSC/SEC regulations pertaining to financial reporting, particularly in the banking sector.
- Familiarity with the Bank's general ledger systems, such as PeopleSoft EGL and OBI, is advantageous.
- Exceptional communication, project management, writing, and presentation skills.
- Ability to thrive under pressure and a willingness to work extended hours during critical reporting periods.
- Strong self-motivation, organizational skills, and effective time management.
- A minimum of 7 years of experience in finance or accounting roles.
What We Offer:
- A collaborative and inclusive work environment that fosters creativity and celebrates achievements.
- A competitive rewards package, including performance bonuses, an Employee Share Ownership Program, and Pension Plan Matching, along with health benefits from day one.
- Opportunities for career development and progression.
Company Overview:
Scotiabank is a leading financial institution in the Americas, dedicated to helping customers, their families, and communities achieve success through a comprehensive range of financial services. We value the unique skills and experiences each individual brings and are committed to maintaining an inclusive and accessible environment for all.