TD Bank

Head of U.S. Accounting Policy and Financial Reporting (US)

TD Bank • $250K — $350K *
Mount Laurel, NJ 08054In-Person
Finance & Insurance
11 - 15 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree required
  • 15+ years of financial services experience preferred, with expertise in finance
  • Strong knowledge of U.S. GAAP and/or IFRS accounting policies
  • Demonstrated ability to apply complex accounting guidance
  • Experience with managing financial reporting processes and driving improvements

Responsibilities

  • Oversees cross-functional team for accounting policies and financial reporting
  • Monitors Bank's compliance with asset cap provision
  • Collaborates with multiple departments for accurate financial reporting
  • Liaises with regulators for compliance updates
  • Identifies opportunities for process improvements in financial reporting

Benefits

  • Commitment to fair and equitable compensation
  • Growth opportunities and skills development
  • Supportive corporate culture focused on colleague well-being and development
  • Focus on building a diverse and engaged team
  • Access to leadership training and career progression opportunities
Full Job Description
Work Location:
Charlotte, North Carolina, United States of America

Hours:
40

Pay Details:
250000 - 350000 USD

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.

Line of Business:
Finance
Job Description:

This role oversees a cross-functional team that is responsible for setting accounting policies under U.S. GAAP and producing financial reports for numerous legal entities and segment reporting purposes. This role will also monitor the Bank's compliance with the asset cap provision. Collaborates across Risk, TBSM, Corp Dev, Business leaders, Chief Accountants, and other critical areas to ensure accurate and complete financial reporting, including reporting on the Bank's asset position and proactively recommending adjustments to executions strategies to ensure the Bank remains compliant with the asset cap provision. Liaises with the regulatory affairs team to provide updates to the regulators. This role is also responsible for Accounting Policy & Advisory supporting U.S. businesses providing accounting advisory services to assist with the application of accounting policies as well as proactive Advisory on new and/or complex transactions including Corporate Development transactions.

Depth & Scope:
  • Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required
  • Implements and manages processes, facilitates efficient data collection for financial reporting purposes, including reporting on asset positions
  • Maintains accurate and up-to-date records of data/information used in reporting
  • Identifies and implements opportunities for process improvements in financial reporting to reduce risk and create efficiencies
  • Reports on asset positions, profitability, RWA and capital to various Management and Board committees
  • Collaborates across Enterprise and U.S. Treasury, Corp Dev, U.S. Region Wholesale, business leaders and other critical areas to ensure accurate and complete financial reporting, including on the Combined Banks asset position
  • Identifies and assesses potential risks associated with asset optimization actions
  • Manages and oversees various governance practices including effective challenge, execution and documentation around the asset cap
  • Convenes governance (sub) committees as necessary to resolve escalated issues that require team owner input or executive action
  • Develops and implements training program for staff involved in financial reporting, including reporting on the asset cap provision, Lines of Business and Board
  • Manages Governance processes and review adherence to asset cap provision, including challenge process
  • Builds and sustains effective relationships with U.S. regulators
  • Works closely with Risk & Control partners to ensure compliance with internal and regulatory expectations
  • Provides accounting advisory services to assist various segments with the application of accounting policies as well as proactive advisory on new and/or complex transactions including Corporate Development transactions
  • Responsible for the legal entity financial statements produced in the U.S. Region under U.S. GAAP and the segment financial results prepared under IFRS. Reviews financial statement disclosures for appropriateness and reasonability for inclusion in the Consolidated Bank Financial Statements for the U.S. Bank
  • Leads technical aspects as well as certain project aspects of the Implementation of new accounting/disclosure requirements
  • Maintains effective and positive external relationships with the Bank's regulators, Auditors, Audit Committee, CBA, OSFI and various standard setters
  • Demonstrates client service excellence to internal Bank stakeholder groups - Segment CFO's, COO team, TBSM, Corp Dev, Risk, Legal, and U.S. Finance
  • Valuation related services on various Corp Dev transactions and other Bank Segment transactions
  • Drives efficiencies and communicates effectively across various work streams
  • Develops, assigns and monitors plans to ensure completion of goals and objectives


Education & Experience:
  • Bachelor's degree required
  • 15+ years of financial services experience required, preferably across multiple disciplines inclusive of deep subject matter expertise in Finance
  • Strong knowledge of accounting policies and practices for financial services under U.S. GAAP and/or IFRS, with demonstrated ability to apply guidance to complex situations
  • Ability to effectively manage financial reporting processes and drive process improvements to reduce risk and create efficiencies
  • Ability to apply consultative relationship management and influencing skills across all levels with organizational prowess
  • Ability to work effectively with a broad range of stakeholders
  • Experience in the effective execution of change management strategies and processes in a complex, multi-faceted business
  • Ability to prioritize tasks and determine what is important and where value can be best added
  • Organizational awareness and resourcefulness - understanding of whom to engage in order to identify solutions and resolve issues. Superior understanding and judgment on issues to resolve independently or to escalate
  • Ability to deal with significant ambiguity and changing priorities in a fast-paced environment
  • Strong business acumen and analytical skill set ability to absorb information on a variety of complex issues (financial and nonfinancial) and summarize key issues or concerns
  • High degree of personal integrity in order to recognize and manage access to sensitive information about the Bank, our strategy, results, people and issues being addressed
  • Excellent judgment, relationship management skills, impact and influence capability, with a demonstrated ability to work effectively with leaders at all levels


Customer Accountabilities:
  • Develops and maintains good relationships with key business and other stakeholders and effectively communicates with them
  • Liaises and effectively interacts with internal and external auditors, regulators where applicable and ensures appropriate action is taken where required
  • Acts as subject matter expert for own area and provide guidance/ advice and recommendations to support dealings with internal / external partners


Shareholder Accountabilities:
  • Ensures compliance with Asset Cap
  • Protects the interests of the organization - identifies and manages risks, and escalates non-standard, high-risk transactions / activities as necessary
  • Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assesses potential impacts
  • Ensures employees are knowledgeable; and assumes responsibility to minimize operational and regulatory risk by complying with Bank and industry Code of Conduct
  • Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite


Employee/Team Accountabilities:
  • Cultivates and models the TD Way to support colleague growth, and a culture of care; makes an impact at work and in our communities by leading with authenticity and supporting well-being to represent TD's brand
  • Connects the alignment of colleagues' contributions with the TD Shared Commitments
  • Builds and retains an engaged and diverse team that embraces diversity of thought, creativity and curiosity; where every colleague and customer are valued, respected, and listened to; committed to a common goal and collaborate to move with speed and get things done
  • Demonstrates inclusive leadership by taking meaningful action with intention to support colleagues and customers across all dimensions of diversity, including those from underrepresented communities, being actively anti-racist, attracting and retaining diverse slate of candidates, nurturing mutual respect, inclusivity of thought and collaboration to drive successful results
  • Contributes to the development of business segment and/or enterprise functional strategic priorities within their operational area or field of specialty that drive results
  • Develops annual and/or long-term plans for own area that are aligned with enterprise-wide priorities, reinforcing a focus on results that align to One TD


Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%
  • Domestic Travel - Occasional
  • International Travel - Never
  • Performing sedentary work - Continuous
  • Performing multiple tasks - Continuous
  • Operating standard office equipment - Continuous
  • Responding quickly to sounds - Occasional
  • Sitting - Continuous
  • Standing - Occasional
  • Walking - Occasional
  • Moving safely in confined spaces - Occasional
  • Lifting/Carrying (under 25 lbs.) - Occasional
  • Lifting/Carrying (over 25 lbs.) - Never
  • Squatting - Occasional
  • Bending - Occasional
  • Kneeling - Never
  • Crawling - Never
  • Climbing - Never
  • Reaching overhead - Never
  • Reaching forward - Occasional
  • Pushing - Never
  • Pulling - Never
  • Twisting - Never
  • Concentrating for long periods of time - Continuous
  • Applying common sense to deal with problems involving standardized situations - Continuous
  • Reading, writing and comprehending instructions - Continuous
  • Adding, subtracting, multiplying and dividing - Continuous


The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

About TD Bank

TD Securities offers a range of advisory and capital market services to its clients. The company's range of services includes research, investment banking, capital markets, and global transaction banking. Research consists of commodity and equity research. Investment banking consists of mergers, acquisitions, industry expertise, and credit origination. Global transaction banking consists of trade finance, cash management, and correspondent banking. TD Securities was founded in 1855 and is based in Ontario.

TD Bank Careers

Join the vibrant team at TD Bank, one of North America's leading financial services organizations, where innovation, leadership, and growth go hand in hand. At TD Bank, we are committed to fostering a culture of diversity and inclusion, making it an ideal place for ambitious professionals to thrive. Work You’ll Do At TD Bank, your professional journey is bolstered by a robust support system. From your first interview to every career milestone, you will find opportunities for growth and leadership. Our team is dedicated to helping you develop the skills necessary for success in the ever-evolving financial sector. TD Bank offers a variety of job opportunities across multiple fields, from customer service to investment banking. Each position at TD Bank is a chance to contribute to our culture of innovation and exceptional client service. Internship Programs Kickstart your career with a TD Bank internship. Our programs provide invaluable industry exposure and hands-on experience, making them a perfect starting point for students and recent graduates eager to make their mark in the banking industry. Interns at TD Bank enjoy the unique opportunity to work alongside seasoned professionals, gaining insights that are crucial for future employment. Benefits and Growth TD Bank is deeply committed to the well-being and continuous growth of our team members. We offer competitive benefits packages that cover health, finance, and family care. Our employees enjoy comprehensive health insurance, retirement plans, and generous paid time off, among other perks. Moreover, TD Bank encourages professional development through various training programs, including leadership development and diversity training. These initiatives ensure that our team remains at the forefront of industry standards and best practices. Join Our Team Explore the numerous career paths available at TD Bank and discover how your skills and interests align with our mission. We are actively hiring and continually looking for talented individuals who are passionate about banking and customer service. Networking and Professional Development At TD Bank, we believe in the power of networking and collaboration. Our employees have access to a wide range of networking events, workshops, and seminars that promote career development and professional growth. These platforms not only enhance your professional skills but also expand your industry connections. Stay Connected Keep up to date with the latest at TD Bank Careers by subscribing to our job alert emails. Tailor your subscription to match your career preferences and get the latest news, insider tips, and job opportunities delivered straight to your inbox. Explore job opportunities at TD Bank and be part of a team that values hard work, creativity, and a diverse workplace culture. Your next great career move is just a click away. SEARCH TD BANK JOBS Join us at TD Bank and let your ambition lead you to a rewarding career filled with opportunities to learn, grow, and innovate.
Learn more about TD Bank
Size
90,000 employees
Market Cap
$117.9 billion
Industry
Finance & Insurance
Net Income
-$6.9 million
5 Year Trend
+6.6%
* Ladders Estimates

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