Manager, Finance - Toronto, Canada - TD Bank

TD Bank

Verified Company

Toronto, Canada

4 days ago

Posted by:

Sophia Lee

beBee Recruiter

Description

398170BR

Finance / Accounting

Toronto, ON

February 2, 2023

Company Overview

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
Participate in and/or lead adhoc 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 mínimal 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.

Requirements:

Qualifications

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 interper