What you'll be doing

The Director, Tax Regulatory Compliance is responsible for managing the reporting of regulatory developments and overseeing CIBC Taxation's adherence to enterprise-wide regulatory compliance management policies from a tax accounting perspective, while actively contributing to broader tax reporting initiatives. The Director is responsible for oversight to meet regulatory requirements within the Regulatory Compliance Management framework. In this capacity, the Director contributes to collaborating and working on project initiatives to ensure sound implementation and accurate financial reporting from a tax accounting perspective. The Director ensures the effective design, documentation, and monitoring of controls that mitigate medium and low risks, collaborates across governance groups and tax teams, and supports compliance reporting. The Director leads discussions, documents activities, and drives continuous improvement in risk management processes, including tax-related business managed technology (BMTs) and end-user computing (EUCs), ensuring all regulatory obligations are met and deficiencies are addressed promptly. The Director will also collaborate with various groups within the Bank and tax teams globally to ensure accurate financial reporting and compliance of new initiatives of the Bank.

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

How you'll succeed

• Regulatory Reporting and Risk Management - With support from the Director, Tax Operational Risk & Regulatory Compliance, serve as the key accountable officer for the tax team's Regulatory Compliance Management (RCM) Oversight Function, ensuring all regulatory reporting compliance obligations are met. Ensure that appropriate regulatory compliance processes and controls are in place and operating effectively to meet the requirements of the Regulatory Compliance Policy and relevant tax regulations. Oversee completion of quarterly risk assessments, effectiveness and monitoring activities and address and resolve any deficiencies identified. Develop Tax policies, procedures, controls, tracking, and maintaining of tax-related BMTs and EUCs globally. Serve as key point of contact to design, manage, review, and document Tax policies, procedures, and controls.
• Tax Accounting Planning & Compliance - Act as a liaison between the tax planning and tax compliance teams to ensure all projects and planning initiatives are executed as intended. Facilitate communication to ensure that impacts and requirements are understood, appropriately booked, reflected in financial statements, and accurately disclosed in tax returns supporting accurate and compliant reporting. Perform various compliance-related activities, including the preparation of surplus calculations, and assess the impact of transactions and initiatives on various compliance filings.

Who you are

• You're a certified professional. You have current accreditation and good standing in the CPA designation or a Bachelor of Law degree, along with ~7 years of experience in corporate tax reporting, preferably within a large public accounting firm or a large multi-national financial institution with experience. It's an asset if you have completed Levels I and II of the CPA Canada In-Depth Tax Course or Master of Taxation.
• You can demonstrate comprehensive tax reporting and compliance skills, including federal and provincial income tax returns. In addition, you are proficient with Microsoft Office products and have experience with Alteryx, Tableau, Power BI, Power Query and other related AI applications is preferred. It is also expected that you will continually upgrade your knowledge with regards to developments in tax accounting and reporting issues with respect to financial institutions and accounting for income taxes.
• You put our clients first. You engage with purpose to find the right solutions. You go the extra mile, because it's the right thing to do.
• Your influence makes a difference. You know that relationships and networks are essential to success. You inspire outcomes by sharing your expertise.
• Values matter to you. You bring your real self to work and you live our values - trust, teamwork and accountability.

#LI-TA

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
• Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions

Job Location
Toronto-81 Bay, 26th Floor

Employment Type
Regular

Weekly Hours
37.5

Skills
Compliance Oversight, Financial Reporting and Analysis, Leadership, People Management, Regulatory Requirements, Tax Advising, Tax Audits, Tax Compliance, Tax Law, Tax Legislation, Tax Planning