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Manager, Finance - Hedge Accounting Operations

Toronto, ON
Full Time
4 days ago
Company Overview

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Department Overview
The Chief Accountant's Department of TD Bank Group (the "Bank") is responsible for ensuring that the Bank's consolidated shareholder reports are prepared in accordance with International Financial Reporting Standards (IFRS), and regulatory (OSC and SEC) requirements. This involves providing financial accounting advisory support to the Business units and Corporate areas on emerging and existing complex accounting issues such as financial instruments, consolidation, structured transactions, capital issuances, and more. This includes the development and maintenance of strong working relationships with various internal stakeholders within the Bank to deliver consolidated shareholder reports and regulatory filings.

Hedge Accounting Operations is a group of dedicated professionals within Chief Accountant's Department that provides support for several lines of business across the bank (Wholesale, Treasury, Mortgages, Offshore Finance and Visa). This position is to provide hedge accounting support primarily for TD Securities (Including new initiatives), Treasury and Balance Sheet Management (US and Canada) and Regulatory reporting / Tax group.

Job Description
The individual is responsible for driving accurate, complete, and timely inputs for various reports/disclosures related to TDS hedging accounting portfolio during month ends, fiscal quarter ends, and year end. The role includes conveying derivative results and analysis to other business lines within the Bank including TD Securities, Treasury, Regulatory, and Capital.

The role will also be involved in working directly with Front Office, Operations, and Middle Office. The incumbent will develop expertise in IFRS Hedge accounting principles, accounting operations and complex issues relating to the accounting for IFRS.

The role will also include certain adhoc and routine work related to hedged accounting for CAD and US Retail, including end to end review and detailed documentation of existing procedures and workflow.

Key Responsibilities:

•Responsible for performing general accounting and finance reporting functions, which include:
•Gathering of manual and system generated data to prepare, review and post journal entries and required transactions
•Preparation and review account reconciliations
•Production, preparation and review of Financial, Regulatory, and Management Reporting for business lines, including data gathering, cleansing and validation
•Supporting key stakeholders for reporting needs and requirements
•Analysis and investigation of financials
•Preparation of TDS hedging portfolio results monthly
•Execute existing process controls and implement new controls as needed
•Analyze operational problems and recommend strategic solutions to make improvements and create efficiencies.
•Strive for operational excellence through ongoing process improvements
•Assist in the assessment and implementation of new initiatives
•Keep abreast of legal and regulatory changes
•Maintain knowledge of the end-to-end processes and serve as a subject matter expert/partner for various teams throughout the Bank
•Participate in and/or lead ad-hoc requests/projects of various types
•Support compilation of reporting for internal and external auditors
•Cross train with other team members on operational aspects of hedge accounting
Other functions

•Develop expertise in accounting policy requirements for Hedge Accounting
•Monitor daily and weekly process runs and identify issues in a timely manner
•Identify accounting and operational issues and provide recommendations for resolution
•Ensure accounting and management information is complete, accurate, and timely.
•Strive for continuous process improvement opportunities in line with Chiefs philosophy
•Ensure processes and controls are maintained function efficiently and effectively in line with Accounting mandate and policy from Chiefs
•Perform month end posting and reporting for assigned strategies
•Perform month end reconciliation to General Ledger
•The team member will have to manage manual intensive processes and work with complex excel files, so attention to detail is required.
•Efficient and effective management, and account reconciliation in accordance with TDBFG policy.
•Ability to work independently with minimal supervision and work effectively in teams
•Assist in year end close process for own area.
•Work with External / Internal auditors, SOX group and regulators in resolving audit queries.
•Ensure Data integrity and Completeness / reasonability checks.
•Compliance with Hedge maintenance requirements for TDS hedging strategies.


•Fast learner, strong analytical skills and critical thinking capabilities to frame and structure complex issues effectively, and develop insights and recommendations
•Superior attention to detail and comfort reviewing documentation
•Strong project management and planning skills
•Excellent verbal communication, collaboration, and interpersonal skills
•Strong time management and organization skills with the ability to meet tight deadlines
•Demonstrate resourcefulness and initiative in an evolving and sometimes unstructured workplace
•Proven proficiency in Microsoft Excel, including the ability to manipulate large data sets
•Good understanding of Hedge Accounting principles. IFRS 9 preferred
•Accounting designation or working towards a designation
•Ability to work independently
•Capital Market and Specific business line product knowledge required
•Operations experience in Financial Services industry preferred
•Must be able to work with individuals from other areas to achieve objectives
•Knowledge of back office(s), systems (Calypso and PeopleSoft) and processes would be an asset
•Good understanding of EIRM amortization process (IFRS) is required
•Must have very strong MS Excel skills
•Strong Access and Marco skills would be an asset
•Ability to manage deadlines, multiple tasks and adapt well to changing priorities
•Must be able to stay resilient under pressure.

Additional Information



At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve. If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.
Accounting Banking, Finance and Insurance