Senior Finance Analyst

Job title: Senior Finance Analyst

Company: TD Bank

Job description: TD Description

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Department Overview

Specialized Reporting & Solutions Management (SRSM) is a group of dedicated professionals within Chief Accountants Department that provides support for several lines of business across the bank (Wholesale, Treasury, Mortgages and Visa). This position is part of function supporting Canadian Treasury and Balance Sheet Management Accounting group.

Job Requirements

Key Responsibilities:

• Primary focus on introducing documented checks and control within each working file to eliminate / mitigate potential of any reporting errors or inconsistencies.
• Perform month end posting of hedge accounting entries in PSGL
• Monitoring and track daily trade offset Process (Including manual trade offset process )
• Compile monthly, quarterly and annual disclosures for financial and regulatory reporting
• Prepare and update desktop procedures for each critical activity
• Involve in testing of changes to operational processes
• Question existing process for potential process improvements
• Compile month end reconciliations and results analysis
• Follow up on source files required towards month-end
• Track and follow up on ongoing projects
• Compile and monitor monthly valuation differences and hedging capacity
• Analyse and prepare monthly OCI/CTA flux commentary
• Organize existing and new hedge documentation to ensure completeness
• Update process procedure documentation periodically
• Check daily production error logs if any

Other functions

• Develop expertise in accounting policy requirements for Canadian Hedge Accounting
• Monitor daily process runs and identify issues in a timely manner (Accounting Scorecard / FI Calypso and HCA)
• Review daily Accounting Scorecards for hedge ineffectiveness and overflows and escalate concerns
• Prepare and distribute Accounting Scorecard results to senior management, front office and middle office on a daily basis
• Review FI Calypso and HCA on a daily basis and approve ledger postings
• 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 the SRSM philosophy
• Ensure processes and controls are maintained function efficiently and effectively in line with Accounting mandate and policy from Chiefs
• Perform month end posting and reporting for Commitment, Equity Linked GICs, Fair Value CMB, Other Income / NII reclass, etc.
• Perform month end reconciliation to General Ledger via Master Loader
• Process all Calypso and FI Calypso data for IFRS entries
• The team member will have to manage manual intensive processes and work with complex excel files, so attention to detail is required.
• Efficient and effective management, and account reconciliation in accordance with TDBFG policy.
• Ability to work independently with minimal supervision and work effectively in teams
• Assist in year end close process for own area.
• Work with External / Internal auditors and SOX group in resolving audit queries.
• Ensure Data integrity and Completeness / reasonability checks.
• Compliance with Hedge maintenance requirements for Canadian hedging strategies.

Hours

37.5

Job Description

The individual is responsible for monitoring daily accounting runs critical to management decision making process (Scorecard, FI Calypso and HCA). The individual is also responsible for tracking, posting and reconciling all numbers used for reporting TBSM Canadian Hedge Accounting results (Commitments, Equity Linked, Fair Value). Working directly with Front Office, Operations, and Middle Office, the incumbent will develop expertise in Canadian Hedge accounting principles, accounting operations and complex issues relating to the accounting for IFRS.

Inclusiveness

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve. If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.

Business Line

Corporate

Job Category – Primary

Finance / Accounting

Job Category(s)

Finance / Accounting

Job Family

Core Finance

Time Type

Full Time

Employment Type

Regular

Expected salary:

Location: Toronto, ON

Job date: Wed, 09 Jun 2021 05:12:38 GMT