Pasona Canada Inc is currently accepting resumes for the following professional opportunity on behalf of our banking client in Toronto, Ontario. The Director, Financial Control will be responsible for creation and maintenance of control structures surrounding the periodic preparation of financials and other meaningful business information, such as cost accounting, budgeting, compensation, product profitability and other financial analysis. Preparing financial reports in accordance with OSFI requirements, IFRS and JGAAP.

_ Position: Director, Financial Control_

Location: Downtown Toronto

Status: Permanent Full-time

Responsibilities:

Responsibilities:

Accounting

• Responsible for developing, maintaining and reviewing risk KRls and measurement methodologies.
• Advanced understanding of audit and accounting controls to avoid compliance issues.
• Exhibit an understanding of best practice to create efficiencies and improve controls.
• Utilize information technology to efficiently process and control transactions.
• Ensures proper functioning of Oracle applications (GL, AP and FA).
• Coordinates with auditors for the audit of the bank’s financial statements and tax returns.

Regulatory Reporting

• Responsible for the timely production of all regulatory, internal and external reporting requirements, including the production of the periodic internal Capital Adequacy Assessment Process validation report.
• Maintain accurate records for Canadian and Foreign financial reporting simultaneously to meet financial reporting requirements from the regulators and the parent bank.
• Acts as one of the local registration personnel for the OSFI Regulatory Reporting System (RRS) for submission of regulatory return information to regulators e.g. OSFI, Bank of Canada.
• Responsible for preparation of reports and presentations to the OSFI, Advisory and other stakeholders.

Financial Controls:

• Responsible for developing and maintaining proper financial/product controls.
• Creation and maintenance of control structures surrounding the periodic preparation of financials in accordance with relevant filing requirements such as GAAP and other meaningful business information.
• Periodically test controls and ensure that an attestation on internal controls can be obtained.

Tax filing:

• Ensures tax filings for the bank are prepared accurately and on time.
• Acts as the local Tax Compliance officer in accordance with HO requirements.

Policy & Training

• Maintains & updates the Accounting Policy and Procedure Manuals.
• Responsible for the training, mentoring and supervision of the Accounting team members.

Qualifications:

• Post-secondary education in finance, accounting, mathematics, or business discipline plus CPA/CA
• 3 years prior experience with one of the big 4 audit firms in Canada
• 3 years accounting experience with a Schedule Ill bank in Canada
• 2 years prior experience leading and managing a team
• Experience and knowledge of taxation, regulatory reporting and hedge accounting
• Demonstrate knowledge of financial instruments and complex transactions to establish effective controls
• Knowledge and understanding of applicable regulatory requirements
• Result-oriented and attention to details including excellent command of written and spoken English

Salary: $150,000 – $170,000 plus comprehensive benefits package

If you are interested in this opportunity and have the qualifications and drive to succeed with a solid organization that rewards effort and initiative, please forward your resume. We thank all applicants in advance for their interest. Only those being considered for this position will be contacted.

Job Types: Full-time, Permanent

Pay: $150,000.00-$170,000.00 per year

Additional pay:

• Overtime pay

Benefits:

• Dental care
• Extended health care
• Life insurance
• RRSP match
• Vision care

Schedule:

• 8 hour shift
• Day shift

Education:

• Bachelor’s Degree (required)

Experience:

• Corporate Banking: 3 years (required)
• Financial Controls: 3 years (required)

Licence/Certification:

• Chartered Professional Accountant (required)

Work Location: In person