Senior Specialized Finance Analyst

Work Location:

Hours:

Line of Business:

Pay Details:

TD 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

Derivative Accounting Operations is a group of dedicated professionals within the Chief Accountant's Department that provides support for several lines of business across the bank (Treasury – Canada and USA, as well as Wholesale). This position is part of a function supporting Treasury.

Position Summary

The individual is responsible for monitoring daily accounting results critical to management decision making processes. The individual is also responsible for tracking, posting and reconciling all numbers used for reporting Treasury hedging activities. Working directly with Front Office, Finance Operations and Treasury, the incumbent will learn and develop expertise in Hedge accounting principles, accounting operations and complex issues relating to hedge accounting and reporting under IFRS and US GAAP.

In addition, the person will be responsible for participating in and testing for certain projects impacting hedge accounting and reporting. This work may involve liaising with various stakeholders, understanding and documenting project requirements, testing and preparing operating procedures, implementation and maintenance.

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 and Oracle FMS , Fidelity or other

• Review daily accounting results including hedge effectiveness and amortization, and escalate concerns

• Monitor and maintain daily operational processes including manual input of derivative unwinds into amortization engines

• Monitor and track daily trade offset process (when required)

• Understand the rationale and logic of hedging strategies, as well as the purpose of booking GL entries

• Compile monthly, quarterly and annual disclosures for financial and regulatory reporting

• Prepare and update documented desktop procedures for each critical activity

• Involvement in testing of changes to operational processes

• Review of existing process for potential process improvements

• Compile month end reconciliations and results analyses

• Gather source files required for month-end close

• Review of daily production error logs

• Oversee project intake processes, assessing and communicating impact to various stakeholders

• Track and manage certain projects from start to completion, maintaining active communication with various group and ensuring that deadlines are met.

• Prepare 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

Other functions

• Develop expertise in accounting policy requirements for Hedge Accounting

• Review daily hedge accounting results for hedge effectiveness and overflows and escalate concerns

• 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 TD's philosophy

• Ensure processes and controls are maintained and function efficiently and effectively

• Perform regular and ad-hoc month end journal entry posting and reporting as needed.

• Manage complex manual processes and 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

• Work with External / Internal auditors and SOX group in resolving audit queries.

• Ensure data integrity by maintaining multiple checks over completeness / existence / accuracy and reasonability of data.

• Complete all provided training to develop strong understanding of hedge accounting.

Overall Accountabilities

Financial

• Provide and ensure financial reports are accurate.

• Provide advice and guidance to business partners on a range of financial accounting issues within the scope of own area

• Identify and develop key business performance measures or metrics for own area and ensure best practice information is shared with appropriate parties

• Work to maximize shareholder value by enhancing financial analysis for own area to meet department objectives

• Lead or manage the development for required changes to existing systems, processes or computing tools for own area

Operations

• Contribute to the strategic direction of the Finance function by keeping current on industry trends and best practices within own area, recognizing external and internal business issues and recommending action to management where applicable

• Direct operation processes, financial reporting for own unit and ensure work is completed on time and within established service parameters

• Manage respective financial accounting and planning operations to support the achievement of department objectives

• Maintain and enhance key operational controls by ensuring adherence to internal policies, procedures, applicable regulatory guidelines and accounting standards for own area and identify opportunities to enhance operational effectiveness, efficiencies to support the overall Finance objectives

• Work with various business partners to design and maintain effective accounting information systems to ensure integrity of financial data, facilitate analysis and Bank reporting needs for own area

Customer

• Develop and maintain good relationships with key business partners and effectively communicate relevant recommendations on a range of operational processes

• Liaise and effectively interact with internal and external auditors and ensure appropriate action is taken where required

• Act as subject matter expert for own area and provide guidance, advice and recommendations to support dealings with business partners

• Contribute to the analysis, due diligence and execution of potential business restructures, acquisitions, joint ventures and divestitures within own area of responsibility and ensure appropriate Finance areas are involved where necessary

• Develop and assess significant new initiatives applying expertise and ensuring criteria for own area are met

• Manage and coordinate requests for financial information, and ensure solutions balance and address business partner needs

Employee

• Understand and work towards a shared Finance vision and promote and foster a positive work environment that encourages productivity, professionalism and teamwork

• Actively contribute as a member of the Finance team and ensure ongoing communication with the broader Finance team on the progress of projects and issues

• Ensure adherence to established guidelines of conduct

Breadth, Depth and Scope

• Provide financial accounting analysis to support the derivatives operations team.

• Develop a good perspective of the finance function and the business area supported

• Undertake and complete a variety of complex projects and initiatives in an independent manner within defined parameters and objectives

Qualifications

• Knowledge of hedge accounting principles and operations would be considered an asset

• Accounting designation or working towards one is preferred

• Understanding of derivative valuation and booking processes (Swaps , Cross currency swaps, Swaptions, FX Forwards and FX Swaps ) would be considered an asset

• Must have excellent verbal and written communication skills

• Capital Market and Specific business line product knowledge is an asset

• Accounting Operations experience is required

• Must be a team player and able to work closely with individuals from other areas to achieve objectives

• Knowledge of trade capture and G/L systems (Calypso / Oracle PeopleSoft / Essbase) and processes would be an asset

• Analytical and problem solving skills; have an eye for detail; initiative to follow up on items or determine appropriate steps for timely resolution

• Must have very strong MS Excel skills

• Strong Access and Marco skills would be an asset

• Ability to manage deadlines, multiple tasks and adapt well to changing priorities

• Ability to work independently and explain complex issues in a simplified manner

• 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):