Manager, Regulatory Reporting - Toronto, Canada - HomeEquity Bank

HomeEquity Bank

Verified Company

Toronto, Canada

2 days ago

Posted by:

Sophia Lee

beBee Recruiter

Description

WHO WE ARE

HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio.

As the only bank solely dedicated to serving homeowners 55 and up, we're passionate about helping Canadian homeowners live retirement on their terms.

We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage product.

Our Values, Our Passion
At HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other.

We Are Customer-Focused, Passionate Advocates.

We Have the Courage to Act and Do the Right Thing.

We Are One Team, with One Vision.

We Think Long-Term, We Are Ever-Evolving.

We Strive to Be Exceptional and Inspire Greatness.

The Manager, Regulatory Reporting is responsible for overseeing all regulatory reporting including reporting requirements to the Office of the Superintendent of Financial Institutions (OSFI), Canada Deposit Insurance Corporation (CDIC) and Statistics Canada.

The Manager's primary focus is to ensure accurate and timely submission of financial reports and compliance with regulatory guidelines.

This is a critical role within the organization, requiring strong analytical skills, in-depth knowledge of regulatory reporting standards, and the ability to collaborate with cross-functional teams.

The Manager, Regulatory Reporting is responsible for supervising and mentoring one direct report.

MAJOR ELEMENTS OF THE ROLE

Regulatory Reporting:

Prepare and submit accurate regulatory reports to regulatory institutions including OSFI, CDIC and Statistic Canada per the required timelines.
Develop, implement and maintain the OSFI Assurance on Capital, Leverage and Liquidity Return attestation process.
Ensure all reports are following all relevant guidelines and reporting standards.
Conduct indepth analysis of financial data to ensure accuracy, identify trends, and make recommendations for process improvements and risk mitigation.
Stay abreast of changes in regulatory requirements, update senior management and ensure the organization's reporting practices align with current guidelines.
Continuously review and enhance the reporting process to improve efficiency, accuracy, and quality of submissions.
Collaborate with various departments, to gather relevant data, resolve issues, and ensure accurate reporting.
Establish and maintain robust internal controls to ensure the integrity and reliability of financial information reported to regulatory institutions.
Coordinate regulatory reporting with internal and external auditors during the audit process, providing necessary documentation and addressing any audit findings related to regulatory reporting.

Other Reporting and Controls:

Preparation and review of other regulatory reports including Pillar III and Annual Information Form
Support the preparation of quarterly and annual financial statements for the many reporting entities of the Bank. Ensure the financial statements are IFRS compliant, meeting all OSFI and OSC requirements.
Manage Internal Controls over Financial Reporting (ICFR) process to remain compliant with requirements of NI 5210
Responsible for the completion of internal control documentation (i.e., maintain monthly control checklists) and ensure all documentation is kept up to date and completed in a timely manner.

SKILLS AND EXPERIENCE REQUIRED

Attributes:

Extensive experience in regulatory reporting within the financial services industry, with a strong understanding of OSFI requirements and guidelines.
Excellent knowledge of financial and accounting principles, including Canadian Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
Strong analytical and problemsolving skills, with the ability to interpret complex financial data and provide actionable recommendations.
Excellent attention to detail and a track record of producing accurate reports within strict deadlines.
Exceptional communication skills, both verbal and written, with the ability to present complex financial information in a clear and concise manner.
Ability to work collaboratively in a crossfunctional environment and build strong relationships with stakeholders at various levels of the organization.
Knowledge of internal control frameworks and risk management principles is highly desirable.
Strong leadership and team management abilities, with a proven ability to motivate and develop a team member.
Prior experience with regulatory audits and familiarity with auditing standards is a plus.

Qualifications and Technical Expertise: