Senior Manager, Regulatory Reporting (12-month contract)

Join a Challenger

Being a traditional bank just isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.

How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo. So, if you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity.

Our company continues to grow, and today we serve more than 800,000 customers across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $142 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.

The Work

Reporting to the Senior Director, External Reporting, the Senior Manager, Regulatory Reporting will be responsible for partnering with key stakeholders across the Bank including the Bank’s Basel Project Management Office (“Basel PMO”), mortgage lending and servicing Business Units, Risk, Finance and IT departments in order to effectively design, develop, and deliver on the Bank’s capital adequacy initiatives. The individual is required to possess a high degree of knowledge and experience in regulatory reporting and comfort with configuration and maintenance of capital engines and reporting systems. In conjunction with key stakeholders, the Regulatory Reporting Specialist will help the Bank deliver on its Basel III Advanced Internal Rating Based (“AIRB”) capital adequacy project plan. The individual will be required to have well developed interpersonal and communication skills, due to extensive work with other departments and external vendors. This role will augment and help lead an experienced team within Finance to assess current standardized reporting requirements and migrate them to a new capital and reporting engine. The ability to effectively gather and document requirements and prepare thoughtful solutions is paramount to the success of the incumbent in this role. Strong organization and multi-tasking skills are a must and the individual should be able to work with a high degree of independence and initiative. As an individual contributor, the incumbent must also be willing to take a hands-on approach to the role together with a high level of attention to detail.

The Core Responsibilities::
• Act as a subject matter expert for the Bank’s AIRB project including Pillar 3 and NCR reporting.

• Manage complex functional and technical requirements gathering required for implementing the Bank’s vendor-provided capital engine and reporting platform. Prepare gap analysis and develop comprehensive closure plans.

• Facilitate data mapping and testing activities as well as systems configuration. Lead and implement related project activities including delivery within agreed upon parameters.

• Ensure the Bank’s compliance of Data Governance Framework and related standards over IRB data to comply with regulatory requirements.

• Assist the Basel PMO in developing project plan updates for project steering committees and/or key stakeholders.

• Communicate effectively with project members to ensure that processes are carried out consistently in accordance with the agreed program timelines.

• Ensure timely identification and appropriate escalation of decisions, risks, issues and actions.

• Ensure that all activities and duties are carried out in full compliance with regulatory requirements and internal policies and standards.

Let's Talk About You! :
• 4 year Degree in Statistics, Finance, Economics, Business or other quantitative field preferred. CPA designation is a plus.

• Knowledge of BASEL II & III, including the Standardized and IRB approach to regulatory capital requirements for Credit Risk and related reporting and OSFI data maintenance requirements.

• Experience in design and re-design of financial or regulatory reporting processes.

• Excellent Microsoft Project, PowerPoint and Excel skills.

• Strong attention to detail.

• Great documentation skills such as creating a process manual.

• Excellent oral and written communication skills as well as excellent presentation skills with ability to conduct presentations comfortably to senior and executive management.

• Ability to pro-actively solve problems and escalate issues through the proper governance protocols and channels.

• Ability to handle multiple competing priorities (multi-tasking).

• Enjoys working well in both team and individual environments.

Preferred Qualifications:

• 5+ years of knowledge and experience of the regulatory landscape and the changes impacting banking organizations in Canada.

• Knowledge of Personal and Commercial Banking and Financial Services products.

What we offer [For full-time permanent roles]

💰 Competitive discretionary bonus
✨ Market leading RRSP match program
🩺 Medical, dental, vision, life, and disability benefits
📝 Employee Share Purchase Plan
👶🏽 Maternity/Parental top-up while you care for your little one
🏝 Generous vacation policy and personal days
🖥 Virtual events to connect with your fellow colleagues
🎓 Professional development and comprehensive Career Development program
💛 A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 2200-25 Ontario Street, Toronto, ON.

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well.

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We can’t wait to get to know you!