Financial Regulatory Reporting Analyst - Surrey, Canada - Coast Capital Savings

Coast Capital Savings

Verified Company

Surrey, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

As a member-owned cooperative, we're helping our members with their real goals and real challenges so they can live the real life they want.

It's what we've been doing for over 80 years, and it's why today we stand almost 600,000 members strong.

Plus, we invest 10% of our budgeted profits back into our community - almost $90 million since 2000 alone - because when our members do well, we believe our communities should do well too.

Financial Regulatory Reporting Analyst

Location:
Help Headquarters
Job Type: Full Time
myWork Options: In-person, Remote, Hybrid
What's the job?

As a Financial Regulatory Reporting Analyst, you are responsible for creating and maintaining reports that keeps Coast Capital Savings in compliance with government regulations. You will prepare and analyze regulatory reports and ensure timely, accurate and complete reporting to various regulatory bodies including but not limited to OSFI, CDIC and Bank of Canada. The analyst will assist with the enhancement of the Financial Regulatory Reporting program and participates in various related projects.

What you'll get to do:

Support the full regulatory reporting cycle that includes implementing new and revised financial regulatory reporting requirements; developing and implementing regulatory reporting processes and/or systems (including internal controls) and researches for industry best practices.
Utilize enterprise knowledge of products (credit and investment), systems, regulatory capital, liquidity, and other key metrics to analyze regulatory reporting trending and data accuracy.
Maintain up to date information on relevant regulatory reporting requirements.
Analyze and interpret data from internal stakeholders and ensure alignment with regulatory reporting requirements within the Data Governance framework.
Prepare the analysis of the regulatory reporting metrics and ratios to enable stakeholders (management and regulators) to understand the drivers and implications of business decisions.
Assist in designing a regulatory reporting process that supports timely, accurate and complete reporting to all external regulators.
Maintain a strong focus on streamlining processes by identifying and implementing opportunities for automation and efficiencies, offer recommendations and appropriate implementations.
Assist in the design and development of financial regulatory reporting tools (database, dashboard, registries etc.) as part of the financial regulatory reporting program enhancement.
Compile regulatory reporting controls and ensure process manuals are up to date.
Support in the development and implementation of sound internal controls within the regulatory reporting process to mitigate the risks of errors and omissions.
Assist in the review and analysis of new business, rule/system changes that impact regulatory reporting processes and/or regulatory metrics/ratios and provide advisory to stakeholders/business units/project teams as needed.

Who are we looking for?

34 years professional experience in regulatory reporting, financial reporting & accounting in financial services sector or in a similar role. Exposure to OSFI's financial regulatory reporting requirements is an asset.
CPA/CGA/CFA designation preferred with a Bachelor's Degree in finance, commerce, business or a diploma requiring 4 years of fulltime study.
Required strong understanding of financial sector operations, including advanced knowledge on credit and investment products. It would be an asset if you have some experience in risk management primarily credit risk, liquidity and and interest rate risk.
Proficient with financial reporting tools, including advanced knowledge in MS Excel/Office Suite. Knowledge of Power BI, SQL, VBA or other programming language would be an asset.
Thrive under pressure and multitask in a deadline driven environment with multiple deliverables.
Ability to understand complex matters, high attention to detail with the objective of delivering quality products.
Excellent communication and mutual beneficial relationship building skills.
Proactive in identifying and pursuing tasks with energy, drive, and a need to "finish"; strong desire to continuously improve processes, programs, workflows and performance to optimize efficiency internally and externally (with stakeholders).

Equity, Diversity & Inclusion at Coast Capital- Why join Coast Capital?

Purpose is our North Star.
We look at everything through our purpose.

It informs the advice we provide our members, the experiences and products we create, and the programs we build to support our employees and communities.

Committed to inclusion and engagement. We have an ongoing focus on equity, diversity, and inclusion and routinely track how we're doing, and what we need to do to keep improving. We foster a culture where everyone can feel safe to be who they really are and thrive.

**A career that grows with