Senior Compliance Analyst, Payroll Specialist

2 weeks ago

Toronto, Ontario, Canada Scotiabank Full time
Job Summary

We are seeking a highly skilled Senior Compliance Analyst, Payroll to join our team at Scotiabank. This role will be responsible for supporting Payroll compliance projects and initiatives to ensure data accuracy and efficiency within SAP and regulatory requirements.

Key Responsibilities
  • Collaborate 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.
  • Ensure 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.
  • Support project execution of global expansion initiatives (Global HR Transformation), providing insights and ensuring payroll accuracy, efficiency and compliance.
  • Subject matter expert in Global Payroll and compliance as well as working knowledge of banking regulations, laws and policies.
  • 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.
  • 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.
  • Conduct audits of business and compliance controls, including development and execution.
  • Ensure that compliance issues are appropriately logged, and remediated, ensuring the analysis, key themes, and/or root causes are identified, and impact are assessed.
  • Analyze and build business requirements regarding the payroll system to align with established project requirements, and provides technical expertise and payroll systems support for SAP as required.
  • Holds self accountable for ensuring the accurate administration, remittance and reporting of payroll related activities in compliance with relevant employment standards and legislations.
  • Seeks opportunities to improve/enhance payroll processes, provides insights and recommending solutions to Manager, Payroll and Compliance.
  • Understands how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Manage ad-hoc projects as assigned by management or by the Sr leadership team.
  • Embrace and drive change as required. Identify opportunities to improve efficiency and propose changes to the management.
  • Building effective working relationships across the team and with various business lines and corporate functions.
Requirements
  • Post-secondary Degree or Diploma in Accounting or Business or related field.
  • Experience with a large ERP payroll system such as SAP or PeopleSoft is an asset but not a must.
  • Payroll Designation from the National Payroll Institute – Completed or in progress.
  • Previous (4+ years) experience in payroll operations.
  • Intermediate to advance skills using Excel.
  • Experienced in Power BI, MS Projects, Visio.
  • Deep understanding and knowledge of Bank policies and procedures.
  • Strong knowledge of Organizational structure and complexity.
  • Strong understanding of payroll policies and processes.
  • Excellent interpersonal and communication skills.
  • Attentive to details and deadlines; ability to manage multiple priorities.
  • Strong analytical skills.
  • Good knowledge of regulatory requirements, with ability to adapt as requirements change.
What's in it for you?
  • The opportunity to join a forward-thinking and collaborative team, surrounded by innovative thinkers.
  • A rewarding career path with diverse opportunities for professional development.
  • Internal training to support your growth and enhance your skills.
  • An inclusive working environment that encourages creativity, curiosity, and celebrates success.

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