Reconciliation Analyst, MD FinancialRegulatory Reporting 15 Month Contract

Requisition ID: 250457

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

15 Month Contract

Purpose

Contributes to the overall success of MD Financial Management/Regulatory Reporting in Canada ensuring specific individual goals plans initiatives are executed / delivered in support of the teams business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations internal policies and procedures.

The Reconciliation Analyst is responsible for the timely and accurate reconciliation of MDs cash and general ledger accounts in strict compliance with Bank standards and regulatory requirements. They are responsible to research and resolve any outstanding unresolved items and escalate potential risk to management. They are required to give a high degree of customer support to internal departments (such as Resolution team Account transfers team Trade centre).

Reconciliation Analysts must possess very good knowledge of the products and systems relating to the transactions and accounts being reconciled as they work under tight deadlines.

Accountabilities

Responsible for production and analysis of dealer fund manager discretionary manager and life company daily general ledger and bank account reconciliations for all R-Broker and R-Funds accounts and related journal entries
Responsible for researching and providing solutions to general ledger and bank accounts reconciliation unresolved items
Responsible for preparation of journal entries to clear accounts
Responsible for production of monthly regulatory report for each general ledger account and calculation of the margin total in the CIRO (Canadian Investment Regulatory Organization) regulatory report
Collaborate with other department to ensure proper accounting for client related transactions; need to understand both departmental and client needs
Assist with audit requests and regulatory reporting
Ensure that all irregularities /improprieties are escalated promptly.
Communicate with various banks when banking issues arise
Recommend and suggest reconciliation process improvements
Document reconciliation process to facilitate cross-training and integration of new team members
Ability to identify areas of concerns & propose solutions
Provide training back up and assistance for all new team members.
Supports all reconciliations for MD dealers and fund manufacturer (Canada)
Reconciliations prepared as part of Canadian Investment Regulatory Organization (CIRO) requirements as well as OSC requirements
Strong analytical and problem solving skills with an ability to condense large amount of transactional information into a concise solution/report
Strong attention to detail
Strong organizational skills
Demonstrated written and oral communication skills
Team player with ability to work autonomously
Strong interpersonal skills
Ability to solve most problems independently however may escalate larger issues to next level

Education / Experience / Other Information

College Accounting Diploma or university degree with Accounting or Finance major
High level of technical expertise with various software packages proficient in the use of Microsoft Windows including EXCEL Word and MS Outlook
Knowledge of R-Broker and R-Funds
Experience with reconciliations
Knowledge of Alteryx application (considered an asset)
Enrollment in the CPA Program (considered an asset)

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.