Senior Group Manager, Specialized Finance

TD•Toronto, ON

3d•CA$115,600 - CA$163,200•Onsite

About The Position

This position is to provide hedge accounting support primarily for Canadian Hedging strategies (Including new initiatives), Treasury and Balance Sheet Management (US and Canada) and Regulatory reporting / Tax group. The individual is responsible for driving accurate, complete, and timely inputs for various reports/disclosures related to Canadian hedge accounting portfolio during month ends, fiscal quarter ends, and year end. The role includes conveying derivative results, analysis and information supporting regulatory reporting to other business lines within the Bank including Treasury, TD Securities, Corporate. The role will also be involved in working directly with Front Office, FinOps and Treasury. 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 hedge accounting for Treasury, Wholesale and Corporate, including end to end review and detailed documentation of existing procedures and workflow.

Requirements

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 interpersonal skills
Strong time management and organization skills with the ability to meet tight deadlines
Demonstrate resourcefulness and initiative in an evolving and sometimes unstructured workplace
Proven proficiency in Microsoft Excel, including the ability to manipulate large data sets
Must be able to work with individuals from other areas to achieve objectives
Ability to manage deadlines, multiple tasks and adapt well to changing priorities
Must be able to stay resilient under pressure.

Nice To Haves

Good understanding of hedge accounting principles preferred
Accounting designation is highly desirable
Capital Market and specific business line product knowledge and experience is strongly preferred
Operations experience in the financial services industry strongly preferred
Knowledge of back office(s), systems (Calypso and PeopleSoft) and processes would be an asset
Good understanding of EIRM amortization process (IFRS) is preferred
MS Access and macro development skills would be an asset

Responsibilities

Manage a team of senior financial analysts with responsibilities 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 CAD hedging portfolio results monthly
Execute existing process controls and implement new controls as needed
Analyze operational issues and recommend strategic solutions to make improvements and create efficiencies.
Strive for operational excellence through ongoing process improvements
Assist in the assessment of infrastructure and implementation of new initiatives
Keep abreast of legal and regulatory changes
Maintain knowledge of the end-to-end processes and serve as a subject matter expert/partner for various teams throughout the Bank
Participate in and/or lead ad-hoc 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
Develop expertise in accounting and policy requirements for hedge accounting
Monitor daily and weekly process runs and identify and escalate 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 Chief Accountant and Controller's philosophy
Ensure processes and controls are maintained function efficiently and effectively in line with controls frameworks and policies
Deliver on month end reporting for Canadian hedge accounting strategies
Review and supervise month end reconciliations of general ledger
Oversee intensive manual processes and work with complex excel files, demonstrating strong attention to detail.
Efficient and effective management, and account reconciliation in accordance with TDBFG policy.
Ability to work independently with minimal supervision and work effectively in teams
Oversee year end close process.
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 hedging strategies.