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First Nations / Metis / Inuit - Director, Financial Accounting and Business Support - Toronto 1

Scotiabank
Toronto, ON
$500K a year (estimated)
Full-time

Requisition ID : 202170

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Considering a career in Capital Markets? Cedar Leaf Capital, Canada's first Indigenous-owned and operated Investment Dealer (pending regulatory approval), is hiring in the areas of Finance, Operations, Compliance and Debt Capital Markets (Front Office).

If you have an interest in accelerating your career with a niche entity focused on expanding Indigenous advancement in Canada's capital markets and creating commercial opportunities and broader connections for Indigenous communities, consider joining the Cedar Leaf team!

The Company

Cedar Leaf Capital raises new financing for Canadian Corporate and Government issuers through participation in debt underwriting syndicates on the primary market.

As a member of the Scotiabank group of companies, Cedar Leaf Capital benefits from the expertise and resources of the Bank, including those of the Global Banking and Markets (GBM) business and their deep Capital Markets and Investment Banking knowledge and experience.

Become part of an innovative Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients! We work together to drive ambition for every Indigenous future!

This opportunity is open to Indigenous Peoples in Canada, include First Nations, Métis and Inuit people. Only those Indigenous peoples who come from Turtle Island or North America should identify themselves as belonging to this designated group.

We invite you to apply if you are eligible under this definition and are willing to (voluntarily) self-identify as an Indigenous Person in Canada .

Purpose :

As the Director, Financial Accounting & Business Support you will be accountable to Cedar Leaf Capital's Board of Directors for the Firm's financial compliance program, working in partnership with other key stakeholders across Cedar Leaf and Scotiabank.

You will provide effective leadership and management of all aspects of the Firm's audited regulatory and statutory financial statements and tax related filings and audits, and for ensuring the accuracy and integrity of the financial results you present to Cedar Leaf's Board of Directors.

You will also contribute to Cedar Leaf Capital and Scotiabank Global Banking & Market's strategic objectives while ensuring compliance with regulatory, statutory and tax requirements.

You will translate the Firm's strategic and business plans into financial planning and accounting plans and develop and maintain financial models that can reflect different scenarios and can be used in long-term planning in accordance with model risk management policy, framework, and procedures.

You will provide effective Board representation, stewardship, duty of care, and ensure the business affairs of the Firm are in alignment with Scotiabank's global strategy, standards and policies and procedures.

From time to time, you may be expected to represent the Firm at various committees and working groups of the Investment Industry or Indigenous Community where warranted.

What You'll Do :

  • Implement and keep updated policies and procedures that ensure timely, complete and accurate regulatory compliance financial records are maintained at all times
  • Stay current about new and emerging regulations and best practices and changes in Cedar Leaf or Scotiabank's business organization and infrastructure that may necessitate an update to Cedar Leaf's Financial Operations policies and procedures
  • Provide professional advice and quality and timely information to support the Cedar Leaf trading desk with front office initiatives and deployment of business strategies, while ensuring compliance with regulatory, statutory and tax requirements
  • Ensure the integrity and timely filing of monthly and annual financial information, both regulatory and statutory, and as included in Scotiabank's overall reporting, in compliance with the continuous disclosure requirements of various regulatory bodies
  • Manage and oversee Cedar Leaf's business operations and internal controls in a way that supports risk culture and the relevant risk appetite frameworks and limits with respect to operational risk, regulatory compliance risk, AML / ATF risk and conduct risk
  • Safeguard Cedar Leaf and Scotiabank's assets and reputation by ensuring control mechanisms are in place to identify and mitigate risk, including through frequent monitoring of capital and relevant limits;

and reconciliation of the Firm's bank accounts, management of fund disbursements, etc.

Deepen client relationships and leverage broader Scotiabank and stakeholder relationships, systems and knowledge through innovative system solutions and procedural changes to effectively manage all accountabilities and deliverables

What You'll Bring :

  • Working towards or completion of the Canadian Securities' Institute's "Chief Financial Officer Qualifying Examination" "is an asset.
  • A professional accounting designation with a minimum 10 years' experience in a senior management capacity is preferred.
  • Experience working for dealing with the Canadian Investment Regulatory Organization (CIRO) and / or the Ontario Securities Commission is an asset.

Experience with Risk Adjusted Capital calculations and CIRO's Early Warning Capital Rules would be highly desired.

  • A good understanding of Financial Accounting and CRA tax requirements is expected.
  • Strong technical skills and extensive knowledge of the investment business (particularly in a debt capital raising capacity) due to the focused nature of Cedar Leaf Capital's mandate.
  • Trade life-cycle experience, inclusive of monitoring the settlement of trades and managing the deployment and implementation of a Third-party Carrying Broker platform.
  • Ability to manage banking operations (experience in cash management).
  • Experience with the primary market issuance process (applicable margin rates, distinguishing between bought and agency transactions, applicable clauses (i.

e. disaster out, etc.), awareness of other nuances that can impact the Firm's regulatory capital.

  • Strong leadership, motivational and people skills given the continuous interactions expected with Executive Management and various Global Banking and Markets and Scotiabank executives, external Cedar Leaf Directors, internal and external auditors and regulatory body representatives.
  • Requires strategic thinking, excellent analytical skills and decision-making abilities, while being results-oriented to deal with new and unique challenges with short turnaround deadlines.

Working Arrangement :

  • This position is currently an on-site role, with the expectation that you will work 3-5 days a week in the office. Please note that this is subject to change based on the needs of the business
  • Non-standard hours are a common occurrence
  • Limited travel domestically may be required

What's in it for you?

Scotiabank wants you to be able to bring your best self to work - and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

Location(s) : Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose : "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone.

If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know.

If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role.

We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

2 days ago
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