Manager, Financial Controls & Governance

Manulife•Waterloo, ON

2d•CA$85,300 - CA$135,300•Hybrid

About The Position

Sponsor Financial Services (SFS) is seeking a highly analytical and governance-focused leader to establish and oversee the financial controls, monitoring, and governance framework across the SFS function. Reporting directly to the Director, Sponsor Financial Services, the Manager, Financial Controls & Governance will play a critical role in ensuring the integrity, completeness, and accuracy of financial and operational processes supporting sponsor billing, deposits, receivables, terminations, commission payments, and related financial activities. This role serves as the central point of oversight for operational controls, financial risk mitigation, process governance, and deficiency management. The successful candidate will possess a strong understanding of end-to-end business processes and their downstream financial implications, with the ability to connect operational events to accounting outcomes, financial reporting, and General Ledger impacts. The position requires a strategic thinker who can identify risks before they materialize, challenge existing processes, strengthen control environments, and provide leadership with confidence that key financial transactions are being processed accurately, consistently, and in accordance with established policies and regulatory requirements.

Requirements

University degree in Accounting, Finance, Business Administration, or a related field.
CPA designation strongly preferred.
7+ years of progressive experience in financial operations, financial controls, governance, audit, risk management, accounting, or financial oversight functions.

Nice To Haves

Additional risk, audit, or governance certifications considered an asset.
Demonstrated experience designing and managing control frameworks within large, complex organizations.
Strong understanding of financial processes, operational risk management, and accounting principles.
Experience assessing financial impacts of operational processes and translating operational activity into accounting and General Ledger outcomes.
Proven ability to lead cross-functional initiatives involving multiple stakeholders and business areas.
Experience supporting audits and remediation programs.
Deep understanding of internal controls, operational risk, governance frameworks, and deficiency management.
Strong ability to evaluate control effectiveness and identify gaps before they become issues.
Ability to connect operational activities to financial results and General Ledger impacts.
Strong understanding of accounting principles, reconciliations, financial reporting, and transaction flows.
Ability to see the broader business implications of operational decisions.
Capable of anticipating downstream impacts and identifying potential risks early.
Demonstrated ability to apply artificial intelligence (AI) and automation technologies to strengthen governance practices, improve control effectiveness, identify emerging risks and opportunities, and drive operational excellence.
Exceptional problem-solving and root cause analysis capabilities.
Ability to synthesize large volumes of operational and financial information into actionable insights.
Strong executive presence with the ability to effectively challenge, influence, and partner with leaders across teams.
Demonstrated ability to drive accountability and deliver change within a matrixed environment.

Responsibilities

Design, implement, and continuously enhance the financial controls framework across all Sponsor Financial Services operations.
Establish governance practices that ensure key financial processes are operating effectively and consistently.
Develop and maintain a comprehensive inventory of operational controls, control owners, risk assessments, and remediation plans.
Lead ongoing monitoring and validation of critical controls supporting sponsors related financial transactions.
Identify control gaps, process deficiencies, and emerging risks, and drive corrective actions to resolution.
Establish governance reporting that provides transparency to leadership on control effectiveness, deficiencies, remediation activities, and operational risks.
Proactively assess the financial and operational impact of process changes, system enhancements, new products, and business initiatives.
Partner with operational teams to ensure risks are identified, evaluated, and mitigated prior to implementation.
Serve as a key escalation point for operational and financial control concerns.
Lead root cause analysis for material operational incidents and control failures and develop sustainable corrective actions.
Maintain oversight of high-risk processes and ensure appropriate controls are operating effectively.
Develop a thorough understanding of the relationship between operational activities and financial accounting outcomes.
Assess and challenge business processes to ensure resulting financial transactions accurately reflect intended accounting treatment.
Analyze operational activities and identify potential impacts to General Ledger accounts and other financial balances.
Partner closely with Finance, Financial Integrity & Controls (FIC), Compliance, Internal Audit, and Risk Management teams to strengthen financial integrity and reporting accuracy.
Ensure financial reporting implications are considered in all major operational decisions and process changes.
Develop executive-level dashboards and key risk indicators to support decision-making and oversight.
Identify trends, anomalies, emerging risks, and control exceptions through data analysis and monitoring activities.
Provide meaningful insights and recommendations to senior leadership based on control performance and operational risk exposure.
Champion a culture of accountability, governance, risk awareness, and continuous improvement throughout SFS.
Influence stakeholders across multiple functions to drive process improvements and strengthen control effectiveness.
Lead initiatives to simplify, standardize, and automate controls wherever possible.
Provide thought leadership on governance best practices and financial controls management.
Support internal and external audits, regulatory reviews, and management examinations.

Benefits

health
dental
mental health
vision
short- and long-term disability
life and AD&D insurance coverage
adoption/surrogacy and wellness benefits
employee/family assistance plans
various retirement savings plans (including pension and a global share ownership plan with employer matching contributions)
financial education and counseling resources
holidays
vacation
personal
sick days