Director, Tax Regulatory Reporting and Planning

CIBC•Toronto, ON

3d•Hybrid

About The Position

The Director, Tax Regulatory Compliance is responsible for managing the reporting of regulatory developments and overseeing CIBC Taxation’s adherence to enterprise-wide regulatory compliance management policies from a tax accounting perspective, while actively contributing to broader tax reporting initiatives. The Director is responsible for oversight to meet regulatory requirements within the Regulatory Compliance Management framework. In this capacity, the Director contributes to collaborating and working on project initiatives to ensure sound implementation and accurate financial reporting from a tax accounting perspective. The Director ensures the effective design, documentation, and monitoring of controls that mitigate medium and low risks, collaborates across governance groups and tax teams, and supports compliance reporting. The Director leads discussions, documents activities, and drives continuous improvement in risk management processes, including tax-related business managed technology (BMTs) and end-user computing (EUCs), ensuring all regulatory obligations are met and deficiencies are addressed promptly. The Director will also collaborate with various groups within the Bank and tax teams globally to ensure accurate financial reporting and compliance of new initiatives of the Bank. At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

Requirements

Certified professional with current accreditation and good standing in the CPA designation or a Bachelor of Law degree.
Approximately 7 years of experience in corporate tax reporting, preferably within a large public accounting firm or a large multi-national financial institution.
Comprehensive tax reporting and compliance skills, including federal and provincial income tax returns.
Proficient with Microsoft Office products.
Continually upgrade knowledge with regards to developments in tax accounting and reporting issues with respect to financial institutions and accounting for income taxes.

Nice To Haves

Completed Levels I and II of the CPA Canada In-Depth Tax Course or Master of Taxation.
Experience with Alteryx, Tableau, Power BI, Power Query and other related AI applications.

Responsibilities

Serve as the key accountable officer for the tax team’s Regulatory Compliance Management (RCM) Oversight Function, ensuring all regulatory reporting compliance obligations are met.
Ensure that appropriate regulatory compliance processes and controls are in place and operating effectively to meet the requirements of the Regulatory Compliance Policy and relevant tax regulations.
Oversee completion of quarterly risk assessments, effectiveness and monitoring activities and address and resolve any deficiencies identified.
Develop Tax policies, procedures, controls, tracking, and maintaining of tax-related BMTs and EUCs globally.
Serve as key point of contact to design, manage, review, and document Tax policies, procedures, and controls.
Act as a liaison between the tax planning and tax compliance teams to ensure all projects and planning initiatives are executed as intended.
Facilitate communication to ensure that impacts and requirements are understood, appropriately booked, reflected in financial statements, and accurately disclosed in tax returns supporting accurate and compliant reporting.
Perform various compliance-related activities, including the preparation of surplus calculations, and assess the impact of transactions and initiatives on various compliance filings.

Benefits

Competitive salary
Incentive pay
Banking benefits
Benefits program
Defined benefit pension plan
Employee share purchase plan
Vacation offering
Wellbeing support
MomentMakers, our social, points-based recognition program
Purpose Day; a paid day off dedicated for you to use to invest in your growth and development