Reconciliation Analyst, MD Financial/Regulatory 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 team's 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 MD's 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.