Manager, U.S. Broker Dealer Regulatory Reporting

About the role

The position is chiefly responsible for assisting in the completion of the Securities Exchange Commission Regulation 15c3-3 Customer Reserve Requirement calculation. The position is also responsible for assisting in the preparation of the FOCUS Report, related supplementary schedules, the daily 15c3-1 Net Capital Computation. The position is also responsible for assisting in the preparation of audited and unaudited regulatory statements disclosures.

Responsibilities

• Responsible for the preparation of the 15c3-3 Customer Reserve Requirement calculation.
• Collaborate with technology and other key partners to enhance the 15c3-3 Reserve calculation, including developing risk control matrices, detailed procedures, and process flows.
• Absorb and prepare the monthly 15c3-3 reconciliation process from FOCUS report, to Financials, to local ledger.
• Responsible for completing the monthly 15c3-3 stock record reconciliations to the FOCUS Balance Sheet.
• Prepare and present Regulatory monthly analytics to senior management.
• Aid in researching rule interpretations and providing regulatory guidance for new product initiatives or business strategies to ensure CUSO remains in regulatory compliance while growing its business activities.
• Cross train with team members and share industry knowledge with the team.
• Develop and maintain strong regulatory reporting, information quality, and MIS disciplines in order to provide key internal and external stakeholders with the information needed to make decisions.
• Enhance existing reporting practices by benchmarking activities against best practice and industry peers.
• Champion a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Assist with ad hoc projects, issues, and urgent deliverables.
• Liaise with internal and external auditors and regulators, and assist with quality assurance reviews, internal audits, and regulatory examinations.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Collaborate with the key business support partners in learning and gaining an understanding of the business that’s supported, to become effective at ensuring the team is preparing key regulatory calculations accurately.
• Assists the team in creating an environment in which the overall team pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.

Requirements

Finance or Accounting Degree Required
5-10 years of relevant experience in Broker Dealer Regulatory Reporting or relevant skills.
Strong knowledge in financial accounting, preference - Broker Dealer.
Skilled at implementing reporting with a system of controls.
Strong analytical skills and an internal control mindset.

Qualifications

Individuals that seek to learn and improve processes

Benefits

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

Pay

N/A

Schedule

N/A