Scotiabank Vacancy July 2021

The Manager, Financial & Regulatory Reporting manages the overall success of the Regulatory Reporting Unit within their individual Finance District within the Caribbean Region ensuring specific individual goals, plans, and initiatives are executed.

Manager, Financial & Regulatory Reporting

Scotiabank Trinidad and Tobago Ltd.

We are looking for dynamic, driven, service oriented persons. Your focus must be one of exceptional service to clients and their needs, by meeting negotiated service level agreements & goals to effectively service our customers and sites.

Job Summary:

The Manager, Financial & Regulatory Reporting  manages the overall success of the Regulatory Reporting Unit within their individual Finance District within the Caribbean Region ensuring specific individual goals, plans, and initiatives are executed / delivered in support of the team’s business strategies and objectives.  He/She ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

Key Accountabilities:

• Manage the monthly and quarterly submission of regulatory reports for Scotiabank Trinidad and Tobago and its Subsidiaries to the Central Bank of Trinidad and Tobago and the Trinidad and Tobago Securities and Exchange Commission.
• Act as the subject matter expert on the Regulatory Reporting – Targeted Operating Model, ensuring compliance with the policies and procedures outlined.
• Maintain the integrity of the underlying data within the general ledger and sub-ledgers, by engaging the appropriate subject matter experts and managing projects to ensure the accuracy in disclosures to regulators are maintained.
• Assist in the Financial Reporting process for Scotiabank Trinidad and Tobago and its Subsidiaries on a monthly basis to senior management, and to the Board of Directors and the Audit Committee on quarterly basis.
• Assist in the management of audits or reviews from internal or external parties including the Board of Inland Revenue, Central Bank, TTSEC, External Auditors and any other units based in Toronto or locally.
• Other duties as assigned.

Educational Background and Experience:

• The incumbent should either be ACCA qualified or hold an equivalent accounting designation
• Possess expert understanding of the statutory reporting requirements in the all assigned countries/legal entities.
• The incumbent must be an effective leader with the ability to contribute to business and strategic planning. The incumbent must be resourceful, a self -starter, possessing a high degree of flexibility, creative thinking and confidence to carry out innovative solutions. Well-developed judgement, management, decision-making and problem-solving skills are required in order to effectively deal with a rapidly changing, complex business environment.
• Excellent written communication s skills are essential. In addition, the incumbent should be skilled at verbal presentation, of a caliber suitable for direct exposure to executive management of the Bank and externally with Central Bank working groups.
• Interpersonal skills must be strong and the Incumbent should be well suited acting as a leader in a large team environment in order to oversee various diverse functional areas and delegate responsibilities to the unit head of each area; and effectively implement change.
• The role requires advanced knowledge of enterprise and regulatory reporting including an awareness of emerging regulatory requirements impacting changes &/or enhancements to available data.

• Broad knowledge of bank policies, operations, organization and accounting procedures.

• Strong analytical skills, as well as strong interpersonal skills, professional judgment and tact in dealing with contacts inside and outside the bank.
• Excellent understanding of accounting policies and procedures under International Financial Reporting Standards (IFRS).
• Demonstrate the ability to critically assess the accuracy of legacy reporting, by applying knowledge of the accounting policies under IFRS and the specific requirements by regulators in order to drive change and improve processes.
• Ability to manage complex issues in an organized and timely fashion, isolating the issues and assessing their effect on the group.
• Continually seek to innovate and improve processes to maximize efficiency and productivity within the department.
• Assist in the preparation of the Bank’s tax and other statutory returns ensuring proper accounting and other procedures are in place to collect and remit the necessary taxes/duties, in keeping with legal and statutory requirements.
• Work on any other projects, as assigned by the Chief Accountant, AGM Finance and Chief Financial Officer – Caribbean South. These projects could be increasingly complex and cover a wide range of issues, areas of the bank, subsidiaries, products, legislative environment, sector analysis, and competitive analysis.

Thank you for interest, but please note only the most suitable candidates will be short-listed for an interview. Meeting minimum requirements for the role does not guarantee an interview.