Senior Banking Financial Accountant - participates in Commercial and Corporate banking projects - 84365-1
S.i. Systèmes Toronto
Position Title:
Advisory and Support § Provide timely and value-added advice on accounting policies and financial reporting functional and controls requirements for Commercial and Corporate Banking lines of business.
§ Lead and support the development and documentation of the current and future process maps for Finance, detailing data flows from source system to general ledger (GL) and downstream impacts.
§ Serve as key liaison between Business programs and Finance Controllership teams § Proactively identify gaps and defects in requirements and facilitate resolution of issues to ensure adherence to project delivery timelines.
§ Effectively prioritize and manage competing demands based on risks, urgency and deadlines.
§ Regular project delivery status reporting to Finance stakeholders ie.
Controllership and CFO teams.
§ Ensure that new or changes to products, services, processes have effective financial controls and comply with applicable accounting policies and standards ie IFRS, USGAAP,The bank's accounting policies, OSFI regulations.
§ Conduct thorough testing and reviews to support Finance sign-off on projects.
§ Collaborate with Controllership teams to provide business and systems financial reporting and controls requirements, as needed.
§ Create and managed comprehensive documentation of the end-to-end process flow, accounting policies, procedures, systems and controls for projects supported.
Familiarity with ACBS (Advanced Commercial Banking System) and finance general ledger 3.
- Finance
- Accountant
- Expert Line of Business: Finance controllership
- responsible for integrity of financial reporting.
- Mon and Tues and a floating day OT: Potentially during month end Location Address: 81 Bay 26th Floor Project: The CW participates in Commercial and Corporate banking projects, provides advice and guidance in support of initiatives, along with end user reviews and tests to ensure financial reporting functionality and integrity is maintained.
Job Description: The Finance group provides financial services to The Bank's businesses through effective governance and decision support processes.
These services include financial, management and regulatory reporting, maintenance of accounting records and internal controls, financial analysis and planning, tax planning and compliance, treasury, middle office, global sourcing and payment processing, regular reviews of business line performance, corporate real estate and liaison with The BAnk’s investors.
Controllership have overall responsibility for producing valid, accurate, complete and timely daily, monthly, quarterly and annual accounting records (books and records) in support of reporting (statutory, regulatory and management).JOB PURPOSE Reporting into the Associate Vice President, Banking Wealth and Corporate Controllership, the Controller is accountable for providing financial controllership oversight to the financial accounting and processes used for statutory, regulatory and management accounting of businesses and legal entities in the Commercial and Corporate Banking Strategic Business Units.
The role participates in Commercial and Corporate banking projects, provides advice and guidance in support of initiatives, along with end user reviews and tests to ensure financial reporting functionality and integrity is maintained.Advisory and Support § Provide timely and value-added advice on accounting policies and financial reporting functional and controls requirements for Commercial and Corporate Banking lines of business.
§ Lead and support the development and documentation of the current and future process maps for Finance, detailing data flows from source system to general ledger (GL) and downstream impacts.
§ Serve as key liaison between Business programs and Finance Controllership teams § Proactively identify gaps and defects in requirements and facilitate resolution of issues to ensure adherence to project delivery timelines.
§ Effectively prioritize and manage competing demands based on risks, urgency and deadlines.
§ Regular project delivery status reporting to Finance stakeholders ie.
Controllership and CFO teams.
§ Ensure that new or changes to products, services, processes have effective financial controls and comply with applicable accounting policies and standards ie IFRS, USGAAP,The bank's accounting policies, OSFI regulations.
§ Conduct thorough testing and reviews to support Finance sign-off on projects.
§ Collaborate with Controllership teams to provide business and systems financial reporting and controls requirements, as needed.
§ Create and managed comprehensive documentation of the end-to-end process flow, accounting policies, procedures, systems and controls for projects supported.
§ Identify and implement opportunities to enhance efficiency and cost-effectiveness while minimizing operational risk § Continuously evaluate internal controls and implement necessary changes in response to dynamic business and evolving regulatory landscape.
§ Develop and maintain relationships with internal areas such as Risk Management, Internal Audit and Controllership teams § Ensure robust internal control environment and processes and compliance with SOX requirements.- Bachelor’s degree.
- 10+ years of relevant work experience in the financial service industry, an understanding of commercial or corporate banking loans and operations is a plus.
- Proven experience in process design, documentation, control, and optimization within a large, full-service financial institution.
- Familiarity with ACBS (Advanced Commercial Banking System) application and SAP ERP system is an asset.
- Critical analytical capability to assess and investigate complex situations to reach productive decisions and recommendations.
- Ability to collaborate and influence on organization-wide initiatives that require cross-functional alignment and effective change management while ensuring finance requirements are met.
- Experience with directing projects, use case creation and documentation of test scenarios and results.
Must haves: 1.
8+ years of relevant work experience (Project/BA/finance) in the financial service industry 2.Familiarity with ACBS (Advanced Commercial Banking System) and finance general ledger 3.
Experience with directing projects, use case creation and documentation of test scenarios and results.
Nice to have:- Understanding of commercial or corporate banking loans and operations is a plus.
- A CPA or equivalent certification is preferred.
- Accounting and controls knowledge
- Ability to document current and future process maps for Finance, detailing data flows from source system to general ledger (GL) and downstream impacts.
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