Requisition ID: 266311
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
The Role
As Senior Manager, QI / IRS Tax Reporting, you will lead the Bank's U.S. tax information reporting, withholding, remittance, reconciliation, and compliance obligations under the IRS Qualified Intermediary (QI) Agreement and related U.S. tax regulations.
You will provide oversight for U.S. tax reporting programs including Forms 1042-S, 1042, 1099, and 945, FATCA, Chapters 3 and 4 withholding, Section 1446 reporting, and related governance activities across multiple business lines and legal entities.
Acting as a senior subject matter expert, you will partner with Operations, Technology, Tax Advisory, Compliance, Legal, Wealth Management, Capital Markets, and external stakeholders to ensure regulatory compliance, operational excellence, and the successful delivery of tax reporting obligations.
Is this role right for you? In this role, you will:
U.S. Tax Reporting & Regulatory Compliance
- Lead annual and periodic U.S. tax reporting obligations, including Forms 1042-S, 1042, 1099, 945, FATCA reporting, Chapters 3 and 4 withholding, Section 1446 reporting, QI reporting, and U.S. REIT/RIC and LPU reporting
- Ensure accurate withholding, remittance, reconciliation, certification, and reporting of U.S.-source income across applicable business lines and legal entities
- Oversee tax reporting calendars, production schedules, filing deadlines, control checkpoints, and management attestations
- Monitor regulatory developments impacting QI, FATCA, withholding tax, and IRS reporting requirements, and lead implementation of required changes
Governance, Controls & Risk Management
- Maintain governance frameworks, policies, procedures, control documentation, and recordkeeping requirements supporting U.S. tax reporting programs
- Oversee reconciliations, withholding validations, remittance controls, exception management, and supporting control activities
- Lead audit, regulatory, and QI review activities, including issue management, remediation, and stakeholder engagement
- Act as the primary escalation point for complex tax reporting, withholding, documentation, and regulatory matters
Tax Operations & Transformation
- Lead end-to-end annual tax campaign execution, including production readiness, vendor coordination, testing, issue resolution, and form issuance
- Drive process improvements through automation, standardization, data governance, and operational efficiency initiatives
- Partner with Technology and Operations teams to deliver system enhancements, regulatory changes, and transformation initiatives
- Support modernization efforts focused on reporting efficiency, data quality, and control effectiveness
Leadership & Stakeholder Management
- Partner with Tax Advisory, Compliance, Legal, Wealth Management, Capital Markets, Treasury, Operations, and external vendors to deliver regulatory and business initiatives
- Provide executive reporting, risk updates, and decision-support materials to senior leadership
- Lead, coach, and develop managers and tax reporting professionals
- Promote a culture of accountability, continuous improvement, operational excellence, and strong risk management
Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:
- Prior experience in tax reporting, withholding, tax operations, regulatory reporting, or related financial services functions
- Deep knowledge of IRS Qualified Intermediary (QI) requirements, FATCA, Chapters 3 and 4 regulations, Section 1446, and Forms 1042, 1042-S, 1099, and 945
- Experience leading tax reporting or tax operations functions within banking, brokerage, custody, wealth management, capital markets, or similar financial services environments
- Experience managing audits, regulatory examinations, QI reviews, governance processes, reconciliations, remittances, and control frameworks
- Strong understanding of operational risk, controls, and regulatory compliance requirements
- Demonstrated experience leading regulatory, operational, or technology-driven change initiatives
- Strong stakeholder management and executive communication skills
- Experience leading teams and developing talent in complex operational environments
- Professional designation such as CPA, CA, CGA, CMA, Master of Taxation, In-Depth Tax Program, PMP, or equivalent is preferred
- Experience with Broadridge platforms and systems including TFP, TXSY, CDS, DTCC, BFS, and AS400 is an asset
- Experience supporting securities lending, custody, wealth management, capital markets, or other investment servicing businesses is an asset.
What’s in it for you?
- A rewarding career path with diverse opportunities for professional development
- An organization committed to making a difference in our communities – for you and our customers.
- A competitive rewards program including bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
- Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
- Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.
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.