Manager, Finance - Deposit & Money Movement

Questrade Financial Group•Toronto, ON

66d•$105,000 - $135,000•Hybrid

About The Position

The Manager, Finance – Controllership (Deposit & Money Movement) is responsible for the financial integrity, accounting governance, and regulatory reporting of the bank’s deposit products, with a specialized focus on Nominee GICs and Trust Deposits. This role ensures that high-volume money movement activities are accurately captured and that the bank remains compliant with CDIC (Canada Deposit Insurance Corporation) and OSFI requirements. You will lead a team of finance professionals to manage the month-end close, provide technical accounting guidance on deposit instruments, and maintain a robust control environment for fiduciary and nominee-held assets.

Requirements

Hold a Bachelor’s degree in Business, Finance, or Accounting
Hold a professional accounting designation (CPA)
Have 5+ years of progressive experience in finance or accounting, preferably within a Schedule 1 Canadian Bank or a large financial institution
Have proven experience with deposit products (GICs, Savings/Chequing) and an understanding of the Canadian deposit insurance landscape (CDIC)
Have strong knowledge of IFRS, particularly as it relates to financial liabilities and disclosure
Have Advanced proficiency in Microsoft Excel (modeling, macros) and financial reporting systems (e.g., SAP, Oracle, or Hyperion)
Are familiar with data visualization tools (e.g., Tableau, Power BI) and SQL for data extraction
Are able to distill complex data into clear financial stories and identify trends or anomalies in large lending portfolios
Are exceptionally accurate in financial reporting with a "no-surprises" approach to the control environment
Have strong verbal and written communication skills to explain financial results to non-finance business partners and senior executives
Are able to manage multiple priorities and tight deadlines during peak reporting cycles while maintaining a focus on continuous improvement

Responsibilities

Oversee the end-to-end month-end close for deposit products, ensuring accurate recording of interest expense, accrued interest, and fee income.
Manage complex accounting reconciliations for Nominee GICs, ensuring sub-ledger data aligns with the general ledger and external intermediary records.
Govern the accounting treatment for Trust Deposits, ensuring strict adherence to fiduciary accounting standards and internal segregation of funds policies.
Support the preparation and validation of CDIC data requirements, specifically relating to trust and nominee disclosure rules (e.g., "Professional Trustee" data requirements).
Contribute to the accuracy of OSFI returns (e.g., M4 Balance Sheet reporting) as they relate to retail and wholesale deposit liabilities.
Act as a key contact for internal and external audits concerning deposit-related controls and reporting.
Partner with Treasury and Product teams to assess the accounting implications of new deposit product launches or pricing changes.
Maintain oversight of money movement workflows, ensuring that high-value transfers and settlement activities are governed by rigorous financial controls.
Monitor and report on liquidity-related KPIs such as deposit churn, term maturity profiles, and weighted average costs of funds.
Lead automation initiatives to streamline data extraction and reconciliation processes for large-scale deposit portfolios.