Analyst - Tax Reporting

Requisition ID: 168958

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

Why work for Scotiabank?

Scotiabank is among the largest banks in the world and the most international bank in Canada. We are powered by our 97,000 high-performing teammates who make a real difference across the globe as a leading provider of advice, products, digital experiences, and financial services. Together with our Digital Factories around the world, we are dedicated to helping our 25 million customers become better-off.

This is a place where you’ll get to learn and develop your skills, while being recognized for your hard work. At Scotiabank, we’re passionate about bringing our whole selves to work, allowing us to create inclusive work environments for everyone to enjoy. Say hello to a career at Scotiabank!

Global Banking and Markets

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange, and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Purpose

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  Contribute to a successful Tax Campaign by troubleshooting and resolving technical issues encountered by members of the Tax Team.
• Provide assistance to the Manager in completing the Tax Reporting to Canada Revenue Agency and Internal Revenue Service.

Accountabilities

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  Support and assist in the generation of adhoc queries, monthly reporting for various reconciliations; and work with vendors to scope, test and review effectiveness of available technologies.
• Assist in the preparation of spec documents for internal technology developed reporting for the Tax Team.
• The ability to be proactive, use own initiative, and work independently, as well as part of the team
• Support and assist the paperless Tax Campaign by troubleshooting any macro issues for T5s, T3s, and T5013s and the gathering of income payment data and tax information from CDS and security issuers for 1099, 1042, T3 and T5 reporting.
• Pulling and matching tax reports from various sources.
• Miscellaneous duties as assigned.
• The ability to effectively manage multiple tasks in a fast paced and high-volume environment with keen attention to details
• Effectively manage risk and minimize losses by: i) Adhering to effective procedural management controls that are in place; ii) Following escalation procedures for any potential losses; iii) Challenging/reviewing existing procedures to ensure adequate controls are implemented; iv) Assisting with monthly reconciliations of control/suspense accounts ensuring all monetary changes are valid.
• Research general tax issues, and
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursue effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
• Contribute to a high performance and inclusive work environment.

Requirements

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  Proficiency in MS Office with strong knowledge of visual basic programming and macro creation to both create and troubleshoot existing Microsoft Access databases and Excel spreadsheets.
• Excellent communication skills.
• Some Canadian and US/QI tax knowledge.
• Quick and accurate keyboarding skills.
• Good basic accounting background.
• Working knowledge of dividends, income processing, and reorg
• Working knowledge of the following systems: Broadridge, TXSY, CDS, DTCC, BFS, AS400
• Able to work under pressure to meet tight deadlines; able to take direction.
• Flexible; ability to multi-task be available to work overtime (often with little notice).

Working conditions

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  Work in a standard office-based environment; non-standard hours are a common occurrence.
• Priorities are subject to constant change and multiple high priority issues are common.
• Regulatory changes may not be supported by existing systems and processes and accordingly must be handled manually
• Critical deadlines must be met to avoid potential penalties on meeting CRA and IRS deadlines, and other foreign tax authorities.

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. 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.