Job Information
Scotiabank Senior Manager, Finance (Statutory Reporting) in Toronto, Ontario
Senior Manager, Finance (Statutory Reporting)
Requisition ID: 200384
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
The Statutory Reporting group is responsible for the preparation and distribution of a wide array of financial reports for both internal and external users, including the Quarterly Report to Shareholders, Annual Report and Supplementary Financial Reporting Package to investors. Statutory Reporting is also responsible for the compliance with disclosure requirements of various regulatory and accounting standards issued by various bodies including OSFI, CPA Canada, IASB, OSC and SEC.
The Senior Manager - Statutory Reporting will play a key role in preparation of the Bank's external disclosures including the quarterly and annual report to shareholders as well as other investor materials. Key responsibilities of the role will include researching and keeping up with regulatory developments from various regulators that impact disclosure requirements in the Bank's MD&A and other disclosure documents. The incumbent will be expected to lead the impact assessment of the new requirements and lead the implementation through coordination with various stakeholders.
Is this role right for you? In this role, you will:
Monitor regulatory developments from Canadian, US and international regulators/standard setters (OSFI, OSC, SEC, IASB, etc) that impact the Bank’s external disclosures.
Specifically, the Sr. Manager must keep abreast of new developments, carry-out impact assessments and educate various stakeholders on disclosure implications.
Support the Bank’s quarterly and annual reporting processes which will include preparation of select financial statement notes and MD&A disclosures, and coordinate input submission for the quarterly and annual reports by working with stakeholders across the Bank.
Ensure disclosures for non-GAAP measures and ratios in external published documents are in compliance with OSC requirements.
Be expected to review and provide guidance on disclosure requirements for non-GAAP measures to various teams across the organization.
To research, analyze and coordinate the development and implementation of accounting policy for specifically assigned accounting sections.
Must maintain an in-depth level of knowledge of the current and proposed accounting standards and disclosure requirements.
To play a senior role in the implementation and co-ordination of Finance projects related to financial accounting and reporting, financial system changes, etc.
Expected to scope out reporting requirements and ensure that relevant departments are brought into the decision-making process in a timely manner.
Support the automation of disclosures in the Bank’s quarterly/annual report to shareholders as well as other external documents, through coordination with the technology team.
Supervise the preparation of select notes in the Bank’s MD&A and financial statements by reviewing work performed by manager and/or senior analysts on the team, and respond to queries from internal and external auditors.
Participate in industry discussion groups on new disclosures, research topics and present the Bank’s position.
Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:
Post secondary education in business, finance or accounting.
CPA designation is strongly preferred.
Strong understanding of International Financial Reporting Standards, as well as OSC and SEC regulatory requirements relating to financial reporting, specifically those related to the banking industry.
Strong Excel skills.
Knowledge of the Bank’s general ledger system, including PeopleSoft EGL and OBI, will be helpful.
Excellent communication, project management, writing/presentation skills and business acumen.
Ability to work under pressure and willingness to work long hours, as demanded by tight reporting deadlines during quarter-end periods.
Superb self-motivation and work attitude, excellent organizational and time management skills.
Minimum 5 to 7 years of experience in finance or accounting field.
#scotiafinancejobs
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. If you require technical assistance, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . 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.