Senior Director, Financial Operations (Ottawa (Downtown), ON, CA)

Bank of Canada

$224K — $264K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Chartered Professional Accountant (CPA) designation required.
  • Minimum of 10 years in senior financial advice and leadership roles.
  • Expertise in international financial reporting standards (IFRS).
  • Significant experience in complex organizational governance and reporting.
  • Demonstrated ability to lead large teams and manage operational complexity.

Responsibilities

  • Provide strategic leadership for financial operations team.
  • Oversee modernization of financial systems and processes.
  • Ensure sound financial management and robust governance practices.
  • Support the Bank's business objectives through effective reporting.
  • Drive continuous improvement and operational efficiency in financial services.

Benefits

  • Flexible and comprehensive health and dental insurance options.
  • Enhanced benefits program with additional $5,000 for supplementary coverage.
  • Five weeks of annual leave plus ability to purchase extra vacation days.
  • Indexed defined-benefit pension plan.
  • Opportunity for performance-based incentives (10-15% of salary).
Full Job Description
Senior Director, Financial Operations

About the Financial Services department
The Financial Services (FIN) department supports effective strategic financial management across the Bank and provides sound accounting and financial reporting for the Bank and its related entities. The department is responsible for the accounting, financial management and reporting of the Bank as a corporate entity, and its two pension plans. In support of the Bank's fiscal agent role, the department is also responsible for certain accounting and financial reporting for the Government of Canada. FIN promotes strong financial management and governance while leading the modernization of finance systems, processes, and business practices to drive continuous improvement, operational efficiency, and innovation across the department and the Bank.

About the position
Reporting to the Chief Financial Officer, the Senior Director, Financial Operations provides strategic leadership to a diverse team of experienced professionals responsible for accounting, payment operations, corporate travel services, external financial reporting, the internal controls framework, accounting standards and tax compliance, as well as Finance Transformation and Systems.

What you will do
The role oversees the delivery of core financial operations and the modernization of FIN's systems and business processes to ensure effective, efficient and resilient financial services. The Senior Director is responsible for maintaining sound financial management practices, strengthening governance and controls, and supporting the Bank's business objectives.

What you need to succeed

As the ideal candidate, you are an inspiring leader with outstanding financial and accounting expertise and an in-depth understanding of international financial reporting standards (IFRS) and related business practices.

You have significant experience applying accounting standards, financial governance, and reporting practices within a complex organization. You also bring a successful track record of leading large teams, managing operational complexity, and delivering organizational change.

You are a strategic thinker who leads through influence, sound judgment, and collaboration.

Comfortable operating at both the strategic and enterprise levels, you bring an informed point of view, contribute actively to broader departmental and Bank priorities, and engage confidently with senior leaders and stakeholders.

A skilled partnership builder, you excel at bringing people together around common objectives and navigating competing priorities. You lead with integrity and foster an environment where people can grow, contribute, and perform at their best.

Beyond technical expertise, you are a proactive and engaged leader who brings energy, initiative, and a strong sense of ownership. Naturally curious, action-oriented, you anticipate challenges, identify opportunities, and mobilize people toward results. You balance strategic thinking with pragmatic execution, build trust through collaboration and active listening, and know when to step into the details and when to empower others.

Through your leadership, you create a culture of accountability, continuous improvement, and high performance.

Your education and experience
  • This position requires a Chartered Professional Accountant (CPA) designation.
  • A minimum of 10 years of progressive experience in providing relevant senior advice and leadership within an organization or a government/Crown corporation.


Innovative Mindset

We value candidates who demonstrate adaptability, curiosity, and a willingness to learn new technologies, including AI and digital tools. We seek individuals who can think critically about data, question existing processes, and find ways to simplify our work while embracing change and new ways of doing things.

Language requirement
The Bank's work environment is conducive to the use of both of Canada's official languages - English and French. The position language requirement is Level 5 (Fully Functional). If a qualified candidate who meets the language requirement of the position is not found, a qualified candidate who does not meet the language requirement may be considered. Training may be provided to help reach the required level. Both bilingual and unilingual candidates are encouraged to apply.

What you need to know
  • Priority will be given to Canadian citizens and permanent residents
  • Security level required: Be eligible to obtain Secret
  • Relocation assistance may be provided, if required


Hybrid Work Model

The Bank offers work arrangements that provide employees with flexibility, enable high-performing teams, and support an excellent workplace culture. Most employees can telework from home for a substantial part of each month as part of the Bank's hybrid work model, and they are expected on site at the Bank location a minimum of twelve days per month to help build connections between colleagues. You must live in Canada, and within reasonable commuting distance of the office.

What you can expect from us
This is a great opportunity to join a leading organization and be part of a high-performing team. We offer a competitive compensation and benefits package designed to meet your needs at every stage of your life and career. For more information on key benefits please visit A great deal to consider.

  • Salaries are based on qualifications and experience and typically range from $224,770 to $264,435 (job grade SO1).
  • The Bank offers an incentive for successfully meeting expectations at 10 to 15% of your base salary. The Bank offers additional performance pay (10%) for those who exceed expectations. Exceptional performers who far exceed expectations may be eligible for higher performance pay.
  • Flexible and comprehensive benefits so you can choose the level of health, dental, disability and life and/or accident insurance coverage that meets your needs.
  • An Enhanced Benefits Program for Senior Officers, which allocates an additional $5,000 that can be applied toward supplementary benefits or be paid out to you in cash.
  • Five weeks of annual leave plus the option to purchase extra vacation days (up to five each year) to add to your vacation entitlement.
  • Indexed, defined-benefit pension plan.


We wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted.

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