Scotiabank

Director, Accounting Policies & Procedures - Finance

Scotiabank • $125K — $150K *
Toronto, ON M3C 0E3In-Person
Legal & Accounting
Less than 5 years of experience
6 days ago
Job Overview by Ladders

Qualifications

  • 5+ years of experience in accounting or finance leadership roles
  • Proven track record of managing complex accounting policies and IFRS implementation
  • Strong understanding of regulatory frameworks including OSFI and SEC
  • Excellent analytical problem-solving skills
  • Demonstrated leadership and team development skills
  • Proficiency in Microsoft Office Suite and financial reporting tools

Responsibilities

  • Guide the analysis of IFRS changes and their impacts on the Bank
  • Manage corporate accounting policy development and implementation
  • Advise on business acquisitions and complex financial transactions
  • Lead Bank responses to IASB and FASB accounting proposals
  • Design and implement financial disclosure requirements
  • Maintain the accounting monograph and provide training on guidelines
  • Motivate and develop staff to enhance team performance

Benefits

  • Collaborative work environment with innovative thinkers
  • Diverse opportunities for professional growth
  • Internal development programs for skill enhancement
  • Comprehensive benefits package
  • Commitment to community engagement and customer service
  • Inclusive workplace fostering creativity and success
Full Job Description
Requisition ID: 268755

Purpose

The Director is responsible for coordinating the development and implementation of accounting policies and procedures in response to constant changes to International Financial Reporting Standards (IFRS) and for specialized corporate transactions undertaken by the Bank, within the applicable accounting and regulatory frameworks. This involves analyzing and assessing the impact of proposed accounting changes by the International Accounting Standards Board (IASB), as well as, resolving accounting issues, and providing advice and counsel on specialized transactions which might include financing, business combinations and disposals etc. The Director's responsibilities also involve ensuring senior management is fully up to date on IFRS and regulatory changes that significantly impact the Bank within their area of expertise. To accomplish this, the incumbent must be on the leading edge of knowledge in their area of expertise. As IFRS change in their area of expertise, the incumbent must develop the Bank's responses, and work with industry committees as necessary, to promote the Bank's interests. Supervision and development of staff is an essential element of the job (and recruiting as necessary) to ensure the Bank has the expertise and resources it needs in a very complex area, both now and in the future.

Is this role right for you? In this role you will:
  • Guide the analysis and assessment of the impact of proposed changes, related to their area of expertise, of IFRS, as well as, changes in legislation and regulations affecting financial reporting (e.g., OSFI, OSC and SEC). This necessitates an always-up-to-date in-depth knowledge of current and proposed accounting standards and reporting requirements. The incumbent is expected to develop appropriate Bank-specific accounting policies and procedures, and co-ordinate their bank-wide implementation. Such policies must also provide for meaningful and relevant management reporting information. In today's environment, this implementation may be required within a short time frame of the standard being finalized, as well as different policies and procedures for IFRS. This also involves advising executives of the proposed changes and the impact on the all-Bank and business line results, in order to change business behavior and practices, if necessary.
  • Plan and manage the development of corporate accounting policies for the Bank and its subsidiaries. Also, the incumbent is expected to manage and co-ordinate the final resolution of certain accounting issues arising from the business units. Further, the incumbent needs to ensure that the SOX documentation for their processes is updated and maintained on a regular basis.
  • Provide advice and counsel on business acquisitions as it relates to their area of expertise. This may involve advice on structuring a transaction to meet the Bank's accounting and financial reporting objectives, or advice on the impact of various complex transactions and investments entered by the target. This may include taking an active part in due diligences for prospective acquisitions, which may require foreign travel.
  • Lead the Bank's responses to accounting changes proposed by the IASB, FASB, and regulators, including OSFI, OSC, and the SEC. Ensure responses advance the Bank's interests and, where needed, collaborate with peer Canadian banks, CBA subcommittees, and industry working groups.
  • Design and implement the necessary financial disclosure requirements for specific topic areas. This often involves taking a broad disclosure requirement and shaping it to meet the evolving needs of users of the financial statements. Disclosure requirements must consider applicable accounting and regulatory standards for both quarterly and year-end financial statements and where applicable related presentation within the Management Discussion & Analysis.
  • Maintain and update the accounting monograph and implementation guideline on a timely basis including training of users and implications of the new guideline.
  • Provide strong leadership to motivate both individual and team performance. Also, recognize training and development needs of the direct reports with the objective of making the direct reports promotable into a more senior role, and to make sure the Bank has the skilled technical resources it will require going forward.


Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:
  • Solid financial acumen and strong analytical and problem-solving skills.
  • Ability to manage any number of projects/initiatives/reviews at any given time.
  • Ability to coordinate resources across various areas of the Bank to get pertinent information to provide the proper accounting recommendations within tight time frames.
  • Skills to search and understand a vast body of complex material in an efficient and productive manner to produce accurate results and present alternatives.
  • Skills to write clear and concise memos, presentations and letters tailored to specific audiences with varying needs, depending on the transaction or project in question.
  • Flexible approach in dealing with issues and implementation of IFRS, considering alternative treatments, different viewpoints and practical aspects of implementation.
  • Ability to develop and maintain strong working relationships across many departments of the Bank. This is critical to successfully perform their accountabilities and deliver value and expertise.
  • Strong supervisory skills as the development of staff is critical to the success of the department.
  • Good working knowledge of Microsoft Word, Excel and PowerPoint and the ability to learn to use the various reporting tools to extract and present information from the Bank's accounting records.


What's in it for you?
  • The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
  • A rewarding career path with diverse opportunities for professional development.
  • Internal development to support your growth and enhance your skills.
  • A competitive compensation and benefits package.
  • An organization committed to making a difference in our communities- for you and our customers.
  • We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!


Location(s): Canada : Ontario : Toronto

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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