Manager, Reconciliations- Global Finance Reporting (1 Year Contract)

Requisition ID: 229227

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

Global Finance - Reporting a finance function providing financial management and analytical support to Executive Management. The Global Finance team supports Canadian Banking Global Wealth Management Global Banking and Markets International Banking Group Treasury and Executive Office business units. This role reports to the Director Financial Reporting and will primarily be responsible for the financial reporting and analysis for Group Treasury and the main support for reconciliation and adjustments for ALM (Asset Liability Management) data used for Gap Analysis by Group Treasury in support of the Banks Structural Interest Rate Risk (SIRR) strategy. This role directly supports regulatory compliance (RDARR IRRBB etc.) for the Bank is responsible for externally published disclosures and is accountable for the OSFI interest rate risk (I3) filing.

Is this role right for you In this role you will:

• Provide main support to the Group Treasury ALM team in reconciling adjusting and reporting of Asset Liability Management data for use in Gap Analysis in support of the Banks Structural Interest Rate Risk (SIRR) strategy and regulatory compliance requirements (RDARR IRRBB etc.)
• Manages the monthly and quarterly reconciliation process between Bancware to the General Ledger to ensure the completeness of ALM data for SIRR reporting. Resolve reconciliation breaks; input of foreign currency (or other as needed) ALM data into Bancware; review of Bancware rules and ALM product mapping as required to ensure completeness and accuracy.
• Assist Group Treasury (ALM Reporting group) in the month over month reasonability analysis of the repricing term structure supporting the Gap Analysis.
• Partner with Divisional Comptrollers product groups and local management across business lines and geographies to assess impact of business changes and incorporate changes in Bancware as needed.
• Accountable for the timely preparation of external disclosures including Contractual Maturity table for MD&A annual Loan Maturity table and large fund deposit note. Includes reasonability analysis to ensure completeness and accuracy of external disclosures.
• Liaise with the operational and/or finance focal points in trading units for timely capture of a) contractual maturities of the trades for the quarterly MD&A reporting and b) repricing tenor for financial note disclosure including promptly identify the contact in a new trading unit/transit and convince the criticality for information for the Banks reporting requirement.

• Accountable for the preparation and submission of the quarterly Interest Rate Risk and Maturities Matching Return (I3) for the Office of the Superintendent of Financial Institution (OSFI) filing in Canada.
• Deliver analyze and support the monthly and quarterly financial reporting of Group Treasury results including timely identification and resolution of all material issues.
• Lead and implement changes to support strategic business changes management decisions process improvements and efficiency initiatives.
• Maintain and develop strong controls over operational and analytical processes.
• Direct day-to-day activities in a manner consistent with the Banks risk culture and the relevant risk appetite statement and limits. Communicate the Banks risk culture and risk appetite statement throughout their teams.

Do you have the skills that will enable you to succeed in this role - Wed love to work with you if you have:

• Detail oriented ability to relate financial data to business results and identify issues and trends.
• Post-secondary degree in Finance or Accounting. An MBA or professional accounting designation is preferred.
• Proficient knowledge of PeopleSoft EGL OBI Excel Power Point and Adobe
• Demonstrated ability to apply critical thinking and provide forward thinking recommendations.
• Solid understanding of financial and management accounting standards. Proven quantitative and financial analytical skills.
• Highly organized with demonstrated experience in solving problems and making decisions in time pressured environments. This involves the ability to work quickly and accurately under pressure for sustained periods of time and multitask effectively.
• A solid understanding of elements of effective control over data accuracy and completeness.
• Strong team player with proven ability to work effectively to achieve common objectives
• Ability to multi-task work independently and to produce accurate and complete information under tight deadlines.
• Strong communication skills such as the ability to communicate findings/analysis and present ideas in a clear and concise manner.

Whats in it for you

• An inclusive & collaborative working environment that encourages creativity curiosity and celebrates success!
• We offer a competitive rewards package: Performance bonus Employee Share Ownership Program and Pension Plan Matching Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.

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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 please click here. 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.