Director Regulatory Reporting Job at Scotiabank| Apply Right Now

• Job Title: Director Regulatory Reporting
• Salary: Not Disclosed 
• Location: 40 King Street West, Toronto, ON M5H 1H1
• Company: Scotiabank
• Qualifications: Bachelor’s degree 

ABOUT SCOTIABANK 

Scotiabank, formally referred to as The Bank of Nova Scotia, is one of Canada’s main financial institutions, serving over 25 million clients globally. Founded in 1832, Scotiabank offers an enormous variety of banking services, in conjunction with personal and commercial enterprise banking, wealth management, and funding banking. Headquartered in Toronto, the monetary institution operates in more than 30 nations across North America, Latin America, the Caribbean, Europe, and Asia-Pacific.

Scotiabank is known for its awareness of digital transformation, financial innovation, and patron-centric answers. The monetary organization is dedicated to sustainability and network assistance, selling monetary inclusion and variety in its operations. As one of Canada’s “Big Five” banks, Scotiabank is identified for its strong worldwide presence and strategic reputation in growth markets, specifically in the Americas. With ann imaginative and prescient a dependent financial accomplice, Scotiabank desires to assist customers in attaining their economic dreams.

Job Overview:

The Director Regulatory Reporting oversees the education and submission of financial reviews to the regulatory government, ensuring compliance with nearby and international policies. This role entails managing reporting techniques, studying economic information, and implementing controls to meet reporting standards. The director collaborates with pass-realistic agencies, audits regulatory filings, and stays up to date on regulatory modifications to mitigate risks. Key duties include supervising document accuracy, enhancing reporting frameworks, and ensuring well-timed submissions. Strong management, economic acumen, and understanding of regulatory policies are essential for success in this characteristic.

Role and Responsibilities:

The Director of Regulatory Reporting is liable for major and coping with the organization’s regulatory reporting framework to ensure compliance with nearby, countrywide, and international financial policies. The characteristic requires overseeing the coaching and submission of accurate monetary reviews to regulatory bodies, identifying compliance risks, and ensuring the company’s reporting methods adhere to felony and enterprise standards. Key responsibilities encompass:

1. Regulatory Compliance: Ensure properly timed and accurate submission of regulatory reviews, in conjunction with capital adequacy, liquidity, and chance-related filings, in compliance with suggestions from regulatory bodies which include the RBI, SEC, or Basel III.
2. Report Preparation and Submission: Oversee the training of monetary reviews, such as balance sheets, income statements, and danger disclosures, ensuring accuracy and compliance with relevant regulations.
3. Data Analysis and Validation: Analyze monetary statistics to make you aware of inclinations, anomalies, or compliance risks. Ensure all facts utilized in reporting are tested, correct, and consistent all through reporting cycles.
4. Policy Development: Establish and preserve regulatory reporting rules and processes to ensure compliance with ever-evolving regulatory necessities.
5. Stakeholder Management: Collaborate with inner businesses which encompass Finance, Risk, IT, and Audit to ensure alignment in reporting approaches. Act as a liaison between a number of the enterprise and regulatory government during audits and inquiries.
6. Risk Management: Identify ability risks associated with regulatory reporting and position into effect measures to mitigate the s risks. Ensure robust controls are in the vicinity to hold statistics integrity and compliance.
7. Technology and Process Improvement: Leverage generation to streamline reporting techniques, improve accuracy, and decrease manual intervention. Identify and put in force splendid practices in regulatory reporting.

Key Skills and Competencies:

• Regulatory Knowledge: Strong expertise in regulatory frameworks like Basel III, IFRS, GAAP, RBI, or SEC guidelines.
• Financial Reporting: Expertise in economic reporting, accounting requirements, and compliance requirements.
• Data Analysis: Proficiency in reading complex monetary facts to ensure accuracy in reporting.
• Attention to Detail: Ensures accuracy and thoroughness in regulatory submissions.
• Leadership: Strong management and crew management capabilities to guide cross-useful groups.
• Risk Management: Ability to find out and mitigate dangers associated with regulatory reporting.
• Communication Skills: Effective communication to control stakeholder relationships and regulatory interactions.
• Technology Proficiency: Familiarity with regulatory reporting system and systems, along with ERP and BI gear.

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