Work Location:
Toronto, Ontario, CanadaHours:
37.5Line of Business:
FinancePay Details:
$115,600 - $163,200 CADTD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.
As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.
Job Description:
Department
Chiefs – Hedge Accounting Operations is a group of dedicated professionals within Chief Accountants Department that provides support for several lines of business across the bank (Wholesale, Treasury, Mortgages, Offshore Finance and Visa). 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.
Position Summary
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.
Key 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
Other functions
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.
Qualifications
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
Good understanding of hedge accounting principles preferred
Accounting designation is highly desirable
Ability to work independently
Capital Market and specific business line product knowledge and experience is strongly preferred
Operations experience in the financial services industry strongly preferred
Must be able to work with individuals from other areas to achieve objectives
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
Ability to manage deadlines, multiple tasks and adapt well to changing priorities
Must be able to stay resilient under pressure.
Who We Are:
TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we strive to make every interaction, product, and experience remarkably human and refreshingly simple for over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.
Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more
Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.
Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.
Colleague Development
If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.
If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.
We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.
Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.
Interview Process
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.
Accommodation
Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.
We look forward to hearing from you!
Language Requirement (Quebec only):
Sans Objet