Sr. Assistant Manager, Financial Reconciliation
Sr. Assistant Manager, Financial Reconciliation
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
Requisition ID: 233460
Join a purpose driven winning team committed to results in an inclusive and high-performing culture.
The Senior Assistant Manager Financial Reconciliation is primarily responsible to review the General Ledger Reconciliation Adjustment System (GLRAS) reconciliations and Compensating Control Reconciliations prepared by Senior Reconciliation Analyst. The incumbent will lead the monthly financial reconciliation on data between CDS (Certified Data Sources) and Enterprise General Ledger (EGL) for assigned risk domain and the compensating control process for risk groups which have not adopted the GLRAS process. This role works closely with various Risk Groups and business units to investigate variances identified in the reconciliation process and performs adjustments as required. The individual is also expected to prepare a reporting package to present the certification status of the reconciliation for managements approval. The Senior Assistant Manager works closely with Information Technology & Solutions to facilitate the development and enhancement of GLRAS and other databases.
Senior Assistant Manager Financial Reconciliation is part of the Financial Reconciliation team that is responsible for developing managing and executing the centralized financial reconciliation process within the Bank. The Financial Reconciliation process is a critical process in supporting the Banks RDARR (Risk Data Aggregation & Risk Reporting) compliance. This team is also responsible for executing the Investment Report (IR) and all-bank intercompany reconciliations.
Is this role right for you In this role you will:
- Review monthly financial reconciliation between CDS and EGL using Bank-developed application called GLRAS.
- The reconciliation process will include:
- Identify and investigate above threshold variances with business units.
- Perform manual adjustments for known variances and balancing adjustments for below threshold variances in GLRAS.
- Report on the certification status of the reconciliation for managements approval.
- Escalate significant reconciliation issues to the Senior Manager and/or higher on a timely basis.
- Manage user access requests and performing periodic access reviews to ensure compliance to IT application control requirements.
- Compare Risk Group reconciliation data against EGL to determine coverage and accuracy against approved thresholds.
- Identify above threshold variances and follow up with applicable Risk Group(s) for explanation.
- Provide support to and perform/review other reconciliations (other GLRAS reconciliations Compensating Control reconciliations or Intercompany reconciliations) within Financial Accounting & Reporting (FAR) upon request.
- Act as the backup for the other team members to perform/review other reconciliations during their absence.
- Assist with the audit requests timely and accurately.
- Perform other projects/duties as assigned or required by Management.
Do you have the skills that will enable you to succeed in this role - Wed love to work with you if you have:
- Minimum of 2 years of experience in financial reconciliation or financial institution or related background.
- Undergraduate degree (Business preferable).
- Designation in CPA or CFA is an asset.
- Ability to gain understanding of the Banks accounting systems and procedures quickly (EGL OBI Smartview GLRAS).
- Strong analytical problem-solving and financial analysis skills.
- Attention to details strong time management and highly motivated to produce accurate and complete information under tight deadlines.
- Strong communication skills as this role works closely with various departments within Bank.
- Superior Excel skills including pivot tables v-lookup; Macro (VBA) etc.
- Sound knowledge of Banks Products.
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.
#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 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.
Required Experience:
Manager
Employment Type
Full Time
