Requisition ID: 233813

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

The Senior Manager, Global Finance - Subsidiary Financial Accounting and Reporting is responsible for the integrity of the data from financial systems, including PeopleSoft (version 8.9) and sub-ledger (e.g., Broadridge), ensuring all downstream reporting, regulatory compliance, and operational control functions for several Scotiabank subsidiaries are met. Hands on involvement in the preparation and review of the P&L and Balance Sheet for Bank Reporting. The incumbent provides financial reporting and management reporting in accordance with reporting requirements of its parent (BNS), Canadian Investment Regulatory Organization (CIRO), IFRS, government authorities and regulatory bodies. The incumbent also supervises a team of five, one manager and four Analysts and is responsible for the performance of the team on various financial information processing and analyses.

Is this role right for you? In this role, you will:

• Co-ordinate the timely gathering of all financial information from various departments, branches, and subsidiary companies to produce financial records which serves as the starting point for preparation and submission of audited financial statements, regulatory filings, and internal management reports.
• Ensure maintenance/integrity of the general ledger and Financial Information Systems through daily reconciliation of all sub ledger interfaces, authorization of opening and closing of accts & dept codes and updates to the interface tables.
• Verifying the accuracy and completeness of the source ledger financial data submission to the BNS EGL.
• Review of monthly and annual regulatory reporting for SCI. Preparation of a monthly Statement A review package and annual Form 1 External auditor request schedules and Board Package Schedules.
• Review monthly, quarterly, and annual Bank reporting (both P&L and Balance Sheet) and Turn Around Documents.  Prepare monthly review packages to facilitate senior management reviews.
• Co-ordinate the completion and review of SCI’s year-end audited Form 1 and consolidated financial statements.
• Provide reliable financial information, analyses and other support as required by senior management which often involves identifying potential impact of changes/initiatives and providing appropriate feedback or recommendation.
• Manage departmental resources to meet tight deadlines and deliver high-quality financial outputs.
• Manage the preparation and submission of financial statements and regulatory filings (CIRO), ensuring accuracy and compliance across all reporting streams.

• • Financial Reporting: Full suite of annual audited financial statements (incl. consolidations and notes disclosure)
  • Regulatory: CIRO – Form 1 - Balance Sheet and Income Statement

• Oversee the development and maintenance of financial system (e.g., PeopleSoft 8.9), ensuring accurate general ledger and sub-ledger reconciliations and adherence to accounting policies.

• • maintenance and reconciliation of daily and monthly interfaces from Broadridge sub-ledger system
  • ensuring completeness and appropriateness of data
  • developing, implementing and maintaining accounting policies

• Ensure all statutory and regulatory reporting aligns with IFRS standards, supporting both consolidated and stand-alone financial disclosures.
• Implement robust audit procedures and operational risk (SOX) controls to safeguard the Bank’s assets and ensure capital usage compliance.
• Manage and mentor a team of finance professionals, fostering a high-performance culture and delivering strategic financial insights to business leaders.

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

• University degree and recognized accounting designation (CPA), with a minimum of 5 years of financial institution experience and comprehensive knowledge of securities regulations. Solid background in accounting is essential to comprehend, interpret and compile complex projects, together with proven organizational skills.
• Extensive understanding of accounting principles and practices, particularly within the securities, banking, and regulatory environments.
• Ability to adapt to a number of conflicting deadlines and quickly grasp and work independently with minimal supervision.
• Excellent communication skills, with the ability to engage effectively with senior internal stakeholders and external professional practitioners.
• Expertise in General Ledger systems, with proven proficiency in PeopleSoft Financials (GL, AP) and associated reporting tools (e.g., OBI, SmartView, nVision, Broadridge).
• Strong analytical and leadership capabilities to address complex challenges and effectively lead, motivate, mentor, and develop staff.
• High level of mental effort is required with medium amount of non-routine functions.

What’s 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.

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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.