Manager, Tax Reporting

Requisition ID: 156233

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

**Why work for Scotiabank?**

Scotiabank is among the largest banks in the world and the most international bank in Canada. We are powered by our 97,000 high-performing teammates who make a real difference across the globe as a leading provider of advice, products, digital experiences, and financial services. Together with our Digital Factories around the world, we are dedicated to helping our 25 million customers become better-off.

This is a place where you’ll get to learn and develop your skills, while being recognized for your hard work. At Scotiabank, we’re passionate about bringing our whole selves to work, allowing us to create inclusive work environments for everyone to enjoy. Say hello to a career at Scotiabank

**Global Banking and Markets**

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.

**Purpose**

Leads and oversees Canadian Reporting to CRA, T5 Regular, T5 Split Shares, T5008 and T3 Trust Units, FTT remittance and declarations for globally held assets in Prime brokerage, Scotia Capital Inc., Scotia Wealth Management, iTRADE, Scotiatrust, BNS Custody Services and BNS Foreign Subsidiaries ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures.

**Accountabilities**
- Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
- Ensure operational efficiency of the Tax Reporting Department is maintained at a high level in accordance with approved policy and procedures by: i) organizing, prioritizing and supervising workflows, and deploying staff accordingly; ii) monitoring work in progress, providing direction / follow up as required; iii) identifying challenges and pursuing opportunities to improve processing efficiency; iv) co-ordinate the implementation of new processes / systems as required; v) solving problems of an unusual nature including identifying the cause of the problem and what is required to prevent future recurrence; vi) manage risk and minimize losses by ensuring that effective management controls are in place; vii) assisting with monthly reconciliations of control/suspense accounts ensuring all monetary changes positions are valid; viii) ensure policies and procedures are followed; ix) attend industry meetings to address regulatory changes that will impact our clients.
- Managed Annual Tax Campaign activities in a timely and accurate manner by: i) providing technical and specialized assistance relative to tax processing; ii) Monitoring all processes/systems for upgrades and enhancements; iii) liaising with internal support (Scotia Capital, Wealth Management (Scotia McLeod / iTRADE / Scotiatrust), the Bank (Custody Services), development team in regards to tax reporting activities; iv) liaising with BFS, ICS and other external vendors prior to the campaign in order to address system or regulatory changes ensuring the timely and efficient production and mailing of all tax receipts (T5, NR4, T3, 1099 & 1042); v) identifying potential production issues for corrective actions to be taken by liaising with internal and external business partners.
- Year End Tax Reporting/Projects: i) Responsible for the completion of Canadian reporting to CRA, T5 Regular, T5 Split Shares,T5008, T5 Money Markets, Cross-border lending NR4s, T3 Trust Units; ii) monitor outstanding items impacting yearend tax reporting for resolution; iii) monitor documentation requirements by Custodian; iv) responsible for monthly and yearly reconciliations and to resolve discrepancies; v) liaise with any government agencies to address regulatory changes; vi) liaise with Wealth Management on regulatory requirements.
- Monthly reporting of FTT (Foreign Transaction Tax): i) France, Italy, Spain to foreign Tax Authorities; ii) monitor documentation requirements by Tax Authorities
- Ensure a high level of customer service is provided to internal clients including Scotia Capital, Wealth Management (Scotia McLeod/iTRADE/Scotiatrust) and the Bank (Custody Services) by: i) issuing of tax receipts in an accurate and timely manner; ii) responding promptly, accurately, and professionally to inquiries from internal / external customers; iii) providing specialized assistance relative to tax processing; iv) utilizing on-going customer survey fee