Senior Manager, Regulatory Reporting (12-month contract)
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Monthly Salary:
Posted on:
2 days ago
Vacancies:
1 Vacancy
Job Summary
Join a Challenger
Being a traditional bank just isnt our thing so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.
How do we get there With a talented team of inquisitive and agile challengers that break through the status quo. So if youre passionate about redefining the future of bankingwhile having funthis could be your next big opportunity.
Our company continues to grow and today we serve more than 800000 customers acrossCanadathrough Equitable BankCanadasChallenger Bank and have been around for more than 50 years. Equitable Banks wholly-owned subsidiary Concentra Bank supports credit unions acrossCanadathat serve more than six million members. Together we have over$142 billionin combined assets under management and administration with a clear mandate to drive change in Canadian banking to enrich peoples customers have named our EQ Bank digital platform () one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.
The Work
Reporting to the Senior Director External Reporting the Senior Manager Regulatory Reporting will be responsible for partnering with key stakeholders across the Bank including the Banks Basel Project Management Office (Basel PMO) mortgage lending and servicing Business Units Risk Finance and IT departments in order to effectively design develop and deliver on the Banks capital adequacy initiatives. The individual is required to possess a high degree of knowledge and experience in regulatory reporting and comfort with configuration and maintenance of capital engines and reporting conjunction with key stakeholders the Regulatory Reporting Specialist will help the Bank deliver on its Basel III Advanced Internal Rating Based (AIRB) capital adequacy project plan. The individual will be required to have well developed interpersonal and communication skills due to extensive work with other departments and external vendors. This role will augment and help lead an experienced team within Finance to assess current standardized reporting requirements and migrate them to a new capital and reporting engine. The ability to effectively gather and document requirements and prepare thoughtful solutions is paramount to the success of the incumbent in this role. Strong organization and multi-tasking skills are a must and the individual should be able to work with a high degree of independence and initiative. As an individual contributor the incumbent must also be willing to take a hands-on approach to the role together with a high level of attention to detail.
The Core Responsibilities:
- Act as a subject matter expert for the Banks AIRB project including Pillar 3 and NCR reporting.
- Manage complex functional and technical requirements gathering required for implementing the Banks vendor-provided capital engine and reporting platform. Prepare gap analysis and develop comprehensive closure plans.
- Facilitate data mapping and testing activities as well as systems configuration. Lead and implement related project activities including delivery within agreed upon parameters.
- Ensure the Banks compliance of Data Governance Framework and related standards over IRB data to comply with regulatory requirements.
- Assist the Basel PMO in developing project plan updates for project steering committees and/or key stakeholders.
- Communicate effectively with project members to ensure that processes are carried out consistently in accordance with the agreed program timelines.
- Ensure timely identification and appropriate escalation of decisions risks issues and actions.
- Ensure that all activities and duties are carried out in full compliance with regulatory requirements and internal policies and standards.
Lets Talk About You!
- 4 year Degree in Statistics Finance Economics Business or other quantitative field preferred. CPA designation is a plus.
- Knowledge of BASEL II & III including the Standardized and IRB approach to regulatory capital requirements for Credit Risk and related reporting and OSFI data maintenance requirements.
- Experience in design and re-design of financial or regulatory reporting processes.
- Excellent Microsoft Project PowerPoint and Excel skills.
- Strong attention to detail.
- Great documentation skills such as creating a process manual.
- Excellent oral and written communication skills as well as excellent presentation skills with ability to conduct presentations comfortably to senior and executive management.
- Ability to pro-actively solve problems and escalate issues through the proper governance protocols and channels.
- Ability to handle multiple competing priorities (multi-tasking).
- Enjoys working well in both team and individual environments.
Preferred Qualifications:
- 5 years of knowledge and experience of the regulatory landscape and the changes impacting banking organizations in Canada.
- Knowledge of Personal and Commercial Banking and Financial Services products.
What we offer For full-time permanent roles
Competitive discretionary bonus
Market leading RRSP match program
Medical dental vision life and disability benefits
Employee Share Purchase Plan
Maternity/Parental top-up while you care for your little one
Generous vacation policy and personal days
Virtual events to connect with your fellow colleagues
Professional development and comprehensive Career Development program
A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from Equitable Banks additional office space located at 2200-25 Ontario Street Toronto ON.
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyones diverse experiences and tandem with that commitment we support and encourage our staff to grow not just in their career path but personally as well.
We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We cant wait to get to know you!
Required Experience:
Senior Manager
About Company
At Equitable Bank, we specialize in providing branchless financial services that meet the unique needs of all Canadians. Our range of mortgages, savings accounts and investment options are designed to offer the right solutions to match any unique circumstance.
