Senior Manager, Domestic Tax Planning & Compliance

CIBC • Toronto, ON

10d • Hybrid

About The Position

As part of the Finance group at CIBC, you’ll play a crucial role in providing financial services through effective governance and decision support processes. As the Senior Manager, Domestic Tax Compliance & Regulatory Governance, you’ll help manage the income tax compliance process and work on a broad range of Canadian domestic income tax technical planning and tax accounting projects. You’ll provide support and tax advice to stakeholders across CIBC, ensuring that new business initiatives, projects, and legislative changes are properly reported for tax purposes. You’ll serve as the central point of contact for regulatory, compliance, data, and business initiatives involving the Tax function, and monitor CIBC Taxation’s adherence to enterprise-wide regulatory compliance management policies. Your expertise will ensure that CIBC’s tax function operates efficiently, reduces risk, and remains compliant with evolving regulations. At CIBC we enable the work environment most optimal for you to thrive in your role. You'll have the flexibility to manage your work activities within a hybrid work arrangement where you'll spend 1-3 days per week on-site, while other days will be remote.

Requirements

• Current accreditation and good standing in the Chartered Professional Accountant (CPA) designation (preferably CPA, CA) and have completed Levels I and II of the CPA Canada In-Depth Tax Course or Master of Taxation.
• A minimum of 7 years of experience in corporate tax reporting within a large public accounting firm or a large multi-national financial institution.
• Proficient with technology and comfortable with Microsoft Office products.

Nice To Haves

• Experience with Alteryx, Tableau, Power BI, Power Query, and other related AI applications.

Responsibilities

• Keep up to date with legislative and administrative changes in Canadian domestic tax rules, and assist with monthly and quarterly income tax provision calculations and tax balance sheet maintenance for the Parent Bank.
• Prepare Canadian federal and provincial income tax returns for the Parent Bank, ensuring accurate and timely filing of all tax forms and elections.
• Analyze proposed and enacted Canadian legislation, regulations, and court cases to determine their impact, and prepare technical memos and guidance on domestic income tax matters.
• Participate in the implementation of strategic projects, new business initiatives, and special projects, while monitoring ongoing tax accounting and reporting requirements.
• Serve as the accountable officer for the tax team’s Regulatory Compliance Management (RCM) Oversight Function, ensuring compliance obligations are met and overseeing risk assessments and effectiveness monitoring activities.
• Collaborate with relevant tax teams to identify risks associated with tax processes and procedures, assess the impact, and document findings. Oversee completion of quarterly risk assessments, effectiveness and monitoring activities; address and resolve any deficiencies identified.
• 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. Develop tax policies, procedures, controls, and maintain tracking of tax-related Business Managed Technology (BMTs) and End User Computing (EUC) tools globally.
• Act as the key point of contact for Taxation to meet Finance’s Data Governance objectives and requirements, as well as broader risk and regulatory objectives, and drive compliance across Taxation.
• Continuously evaluate internal processes to enhance efficiency, reduce tax risk, and recommend process enhancements in response to regulatory changes.

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

What This Job Offers

• Job Type: Full-time
• Career Level: Senior