Senior Specialized Finance Analyst

Work Location

Toronto, Ontario, Canada

37.5

Finance

$81,600 - $115,200 CAD
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  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.

Derivative Accounting Operations is a group of dedicated professionals within the Chief Accountant's Department that provides support for several lines of business across the bank (Treasury – Canada and USA, as well as Wholesale). This position is part of a function supporting Treasury.

The individual is responsible for monitoring daily accounting results critical to management decision making processes. The individual is also responsible for tracking, posting and reconciling all numbers used for reporting Treasury hedging activities. Working directly with Front Office, Finance Operations and Treasury, the incumbent will learn and develop expertise in Hedge accounting principles, accounting operations and complex issues relating to hedge accounting and reporting under IFRS and US GAAP.
In addition, the person will be responsible for participating in and testing for certain projects impacting hedge accounting and reporting. This work may involve liaising with various stakeholders, understanding and documenting project requirements, testing and preparing operating procedures, implementation and maintenance.

• Primary focus on introducing documented checks and control within each working file to eliminate / mitigate potential of any reporting errors or inconsistencies.
• Perform month end posting of hedge accounting entries in PSGL and Oracle FMS , Fidelity or other
• Review daily accounting results including hedge effectiveness and amortization, and elevate concerns
• Monitor and maintain daily operational processes including manual input of derivative unwinds into amortization engines
• Monitor and track daily trade offset process (when required)
• Understand the rationale and logic of hedging strategies, as well as the purpose of booking GL entries
• Compile monthly, quarterly and annual disclosures for financial and regulatory reporting
• Prepare and update documented desktop procedures for each critical activity
• Involvement in testing of changes to operational processes
• Review of existing process for potential process improvements
• Compile month end reconciliations and results analyses
• Gather source files required for month‑end close
• Review of daily production error logs
• Oversee project intake processes, assessing and communicating impact to various stakeholders
• Track and manage certain projects from start to completion, maintaining active communication with various group and ensuring that deadlines are met.
• Prepare and monitor monthly valuation differences and hedging capacity
• Analyse and prepare monthly OCI/CTA flux commentary
• Organize existing and new hedge documentation to ensure completeness

• Develop expertise in accounting policy requirements for Hedge Accounting
• Review daily hedge accounting results for hedge effectiveness and overflows and elevate concerns
• Identify accounting and operational issues and provide recommendations for resolution
• Ensure accounting and management information is complete, accurate, and timely.
• Strive for continuous process improvement opportunities in line with the TD's philosophy
• Ensure processes and controls are maintained and function efficiently and effectively
• Perform regular and ad‑hoc month end journal entry posting and reporting as needed.
• Manage complex manual processes and Excel files, demonstrating strong attention to detail.
• Efficient and effective management and account reconciliation in accordance with TDBFG policy.
• Ability to work independently with minimal supervision and work effectively in teams
• Work with External / Internal auditors and SOX group in resolving audit queries.
• Ensure data integrity by maintaining multiple checks over completeness / existence / accuracy and reasonability of data.
• Complete all provided training to develop strong understanding of hedge accounting.

• Provide and ensure financial reports are accurate.
• Provide advice and guidance to business partners on a range of financial accounting issues within the scope of own area
• Identify and develop key business performance measures or metrics for own area and ensure best practice information is shared with appropriate parties
• Work to maximize…