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Manager, Corporate Actions & Income processing Tax Reporting (GWO)
manager · Corporate Finance
Requisition ID: 269783
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
The Role
The Manager, Corporate Actions & Income processing Tax Reporting is a specialized subject matter expert responsible for providing centralized tax guidance, governance, and oversight for Corporate Action and Income events impacting client holdings. The role is responsible for providing analysis and determining the appropriate tax treatment of events, issuing tax opinion summaries, and ensuring all tax implication on both the Canadian and U.S. tax reporting requirements are correctly applied.
This position plays a key role in reducing operational, regulatory, and reputational risk by ensuring accurate tax treatment, strengthening controls, and establishing a centralized knowledge base for Corporate Action tax reporting.
Is this role right for you? In this role, you will:
Tax Analysis & Opinion Development
- Perform detailed tax analysis for Corporate Action and Income events affecting client positions.
- Review and interpret prospectuses, circulars, election materials, depository notices, issuer documentation, and other supporting legal documentation, including researching for additional information that may be required to support the analysis
- Determine appropriate tax treatment, withholding requirements, tax reporting implications, and tax characterization for each event.
- Develop and publish standardized Tax Opinion Summaries that provide clear operational guidance as well as document all analysis and reference material used to support the opinion.
- Ensure tax analysis is completed proactively ahead of payable dates to support timely processing and risk mitigation.
- Provide expert guidance on the tax implications of complex events and reorganizations.
Corporate Action Tax Governance
- Develop and maintain a matrix of tax treatment methodologies referencing the accurate Tax Act provision that support the interpretation across all Corporate Action and Income event types.
- Serve as the primary control point for tax interpretation and guidance
- Develop and maintain governance standards, procedures, templates, and controls to support accurate tax treatment.
- Monitor regulatory, legislative, and market infrastructure developments that affect Corporate Action and Income tax reporting.
- Track incoming volume and establish efficiency to meet the fast-paced and quick turn-around service level agreement
- Ensure adherence to internal policies, regulatory requirements, and industry best practices.
- Support audit, compliance, risk management, and regulatory review activities related to Corporate Action tax reporting.
Regulatory & Technical Tax Oversight
- Provide subject matter expertise and oversight for complex tax events, including:
Sections 302, 304, and 1446(f) events, FIRPTA transactions, foreign withholding taxes, cross-border Corporate Actions, and taxable reorganizations. The incumbent will ensure compliant tax reporting, escalate complex matters to Tax, Legal, Compliance, or external advisors as needed, and stay current on regulatory and market developments impacting Corporate Actions and tax reporting.
Operational Risk Management
- Identify and assess tax reporting risks associated with Corporate Action and Income events.
- Conduct root cause analysis for tax-related processing exceptions, amendments, and remediation activities.
- Recommend and implement process improvements to reduce operational risk and improve control effectiveness.
- Partner with operational teams to resolve complex tax treatment issues and implement corrective actions where required.
- Support continuous improvement initiatives focused on efficiency, scalability, and risk reduction.
Knowledge Management & Documentation
- Maintain a centralized repository of tax opinions, event analyses, and supporting documentation.
- Create reusable tax guidance, reference materials, and decision frameworks.
- Establish minimum documentation standards and supporting evidence requirements for tax analysis.
- Maintain historical event records to support future reviews, client inquiries, and tax reporting requirements.
- Develop and maintain advisor-facing summaries and educational materials as required.
Stakeholder Collaboration
- Partner with Corporate Actions, Asset Servicing, Client Tax Reporting, Wealth Management, Global Tax, and external tax advisors.
- Provide subject matter expertise guidance and consultation regarding event-specific tax treatment.
- Support business initiatives, process enhancements, and strategic projects impacting tax reporting and Corporate Actions.
- Act as a trusted advisor on Corporate Action and Income tax matters across the organization.
Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:
- University degree in Accounting, Finance, Taxation, Business Administration, Economics, Law, or a related discipline.
- Prior experience in Corporate Actions, Tax Operations, Asset Servicing, Securities Operations, Tax Reporting, or a related field.
- Demonstrated experience in analyzing complex Corporate Action events and determining appropriate tax treatment.
- Strong understanding of Canadian and U.S. tax reporting requirements applicable to securities and investment products.
- Experience working in a financial institution, broker-dealer, wealth management, custody, or asset servicing environment.
- CPA, CFA, LL.M. (Tax), JD, In-Depth Tax Program, MTax or equivalent professional designation.
- Experience with Qualified Intermediary (QI), FATCA, CRS, NRA withholding, and cross-border tax reporting obligations.
- Familiarity with DTCC, CDS, custodial processing, and global Corporate Action market practices.
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.