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Senior Manager, Finance (Financial Reporting Controls)

Toronto, ON
Full Time
Company Overview

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Department Overview
The Chief Accountant's Department (Chief's) is responsible for TD Bank Group's (TDBG) consolidated financial statements and selected regulatory filing for the Canadian subsidiaries. The Chief's team ensures that all these filings are accurate, timely and compliant with the accounting and regulatory requirements set by different governing bodies. The Financial Reporting Controls Team (FRC) within Chiefs supports the Chief Accountant & Controller in fulfilling their controllership mandate, is responsible for setting policies governing financial reporting and providing oversight on their compliance. It is also responsible for providing oversight to and guidance on financial reporting related controls at both the Consolidated Bank level and significant subsidiaries level.

Job Description

•The Senior Manager, Finance will be responsible for strengthening the overall internal control environment related to the specified workstreams of reconciliations & attestations and general ledger chart of accounts, enhancing policies related to governance on financial reporting, and refining governance framework and infrastructure on financial controls across the Bank. The individual will also be responsible for reviewing and assessing the existing financial controls frameworks, processes and controls, identifying issues/opportunities, make recommendations to enhance financial control environment, oversee the implementation of changes and improvements, manage changes and roll out training requirements.
•Reviewing and updating policies and guidelines related to general ledger chart of accounts, across the Bank. Establishing governance requirements on policy compliance and review.
•Reviewing and assessing effectiveness of financial control design, including but not limited to ownership, roles and responsibilities, management supervision & review, reporting & escalation, quality control review, operational coverage, ongoing training, data lineage and change management.
•Oversee the reviewing / walking through SOX/ICFR process flowcharts to understand risks and assess the design effectiveness of significant controls identified to mitigate such risks. Ascertain if there are risks not addressed by the SOX relevant controls. Ensure IT-related controls are also in scope.
•Reviewing data flows and processes to assess potential data gaps for purposes of account reconciliation & attestation and general ledger chart of accounts.
•Oversee the collection of inventories of end to end general ledger accounts.
•Directing and performing risk-rated GAP analyses to identify control weaknesses requiring remediation and establishing quality controls guidelines.
•Reviewing and concurring on management remediation plans (segregating interim actions from long-term measures) for control weaknesses identified through the GAP analyses, Internal Audit Findings or Risk PIRs (Post Incident Reviews). Include course of actions (with IT solutions and/or other automation opportunities), ownership, timeline, resource requirements
•Managing end-to-end production of reports and dashboards supporting FRC in its mandate of oversight over Finance policies and financial reporting controls
•Benchmarking policies and procedures against industry best practices and establishing a Target Operating Model (TOM) over specified control areas.
•Provide oversight on setting up operating procedures to support the implementation and training on TOM policies and procedures.
•Formulate change management strategies, requirements to ensure successful roll out of policies
•Preparing ad hoc reports and presentations, as required.

Specific Educational and Professional Experience Requirements:

•CPA designation is required
•University degree in business or other relevant fields
•10+ years experiences in an accounting/finance role (financial services industry desirable) with internal controls experience
•Financial industry experience would be considered a strong asset
•History of successful process, internal controls improvement experiences
•Demonstrated track record of leading teams in a fast pace, time sensitive and complex environment
•Develop and maintain strong relationships with business partners, strong collaboration skills with variety levels of employees
•Effective communication skills (both written and verbal), organizational and time-management skills
•Ability to synthesize data, extract meaning and utilize relevant information to form a view on actual, potential risks and opportunities
•Advance working knowledge of MS Excel, VBA and PowerPoint is highly preferred
•Given high level objectives, ability to navigate ambiguity and formulate/define a plan and be able to execute
•Ability to make decisions based on a combination of data, professional judgment and common sense
Professional Skills and Competencies Requirements:

•Excellent problem-solving skillsets with ability to interpret new business requirements, undertake deep-dive analysis and translate findings into actionable data insights
•Ability to work with numbers, large data sets and their interpretation for business impact
•Ability to make recommendations based on a combination of data, professional judgment and common sense
•Ability to navigate some level of ambiguity and execute
•Ability to synthesize data, extract meaning and utilize relevant information to identify opportunities and provide recommendations
•Effective communication skills (both written and verbal), organizational and time-management skills
•Good understanding of financial statement assertions and their practical application in controls

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