Senior AVP, Regulatory & External Reporting

Job title:

Senior AVP, Regulatory & External Reporting

Company

Canadian Western Bank

Job description

At , we strive to build value for the people who choose us every day: our people, our clients and our investors. We do this by:

Putting people first and building relationships with intention

Seeking out and embracing new ideas

Believing that how we do things is as important as what we do

Role Specifications

Everyday flexibility. Hybrid work environments with onsite requirements.

Location: Edmonton preferred, but open to other locations across Canada

The opportunity

In this dynamic role, the seasoned financial leader will drive a team through complex financial and regulatory landscapes. They will oversee external financial reporting, ensuring compliance with IFRS standards, and manage regulatory filings with precision

They should expect high visibility as they collaborate with Senior Leaders and engage with the Audit Committee. The need to keep abreast of IFRS, OSFI, CDIC, and other regulatory guidelines is of utmost importance. A keen eye for detail will be crucial in monitoring and reporting data and financial information, mitigating compliance risks and supporting a robust internal control environment.

Areas of focus

External Reporting:

Oversees quarterly and annual financial reporting and disclosures in compliance with IFRS.

Provides oversight and technical guidance for subsidiary financial statements.

Ensures proper disclosure of new accounting standards and provides guidance on the implementation of significant accounting policies.

Assesses impact of complex transactions on reporting.

Collaborates with external auditors for reviews and audits.

Supports Investor Relations with financial information required for presentations and conference calls.

Oversees preparation of materials for inclusion in management and board committee packages.

Provides technical accounting expertise and support to internal stakeholders.

Participates in external technical working groups and contributes to industry specific consultation processes.

Regulatory Reporting:

Oversees team to ensure timely and accurate compliance with regulatory requirements.

Provides support and guidance to the regulatory team in respect of new and changing regulatory requirements and required technology and process changes.

Reviews and provides input on Capital Adequacy Requirements calculations and capital planning.

Researches and evaluates future regulatory changes impacting CWB’s operations and share insights and advice with Senior Management.

Collaborates with Risk, RDAAR, Forecasting and Treasury on inter-departmental reporting.

Provides finance support for capital market issuances.

Participates in regulatory working groups for industry insights.

Supports ad-hoc data and reporting requests from regulators in a professional and efficient manner.

Successful incumbent

This role demands exceptional people leadership, adept at motivating teams and managing change. Effective communication is vital for conveying complex topics. Strong analytical skills are necessary to navigate business and regulatory complexities. Organizational abilities are crucial for meeting multiple deadlines and maintaining confidentiality. Demonstrated leadership in finance, disclosure, and regulation is essential. Initiative, creativity, and problem-solving are valued traits. A thorough understanding of finance and strategic acumen to drive continuous improvement. Adaptability to tight deadlines and task prioritization are imperative. Lastly, the ability to swiftly identify and solve issues independently is crucial for success.

Core knowledge requirements

Bachelor’s degree in finance, accounting, or economics with a strong academic record

CPA designation

Extensive knowledge of IFRS and OSFI supervisory framework, including guidelines, reporting requirements and regulatory returns.

Demonstrated experience

Experience with external financial reporting, including a deep understanding of complex accounting and financial statement concepts.

10+ years in progressively increasing finance leadership roles, including at least 5 years specializing in technical accounting, external and regulatory reporting in senior leadership roles.

Experience in regulated and publicly traded organizations, with experience in the financial services sector considered an asset.

Why work with us?

Your success is our obsession! And our award-winning culture & benefits back it up.
Proudly recognized by Great Place to Work® in 2023 as one of Canada’s top 50 Best Workplaces & recipient of Waterston Human Capital’s Most Admired Corporate Culture 2023.

Wellness matters. We offer an award-winning benefits package that includes:

hybrid work environments

everyday flexibility

company-funded health coverage

health care spending account

a flexible wellness program

generous time-away options to unplug, rest & recover.

Career development. We commit to our employees’ development and help them reach their professional goals with:

organization wide coaching services

mentorship

education support & training programs.

Bring your whole self to work. Inclusion is a journey requiring practice & experience to result in a powerful outcome. Your perspective matters & voice will be heard. Find community within the CWB family in our employee represented groups.

#LI-AI1

As an equitable employer, CWB Financial Group is committed to providing a safe and where a diverse workforce thrives. You are welcomed and encouraged to bring your whole self to work. Dignity, respect and equality are non-negotiables. If you require during any part of the recruitment or selection process, please reach out.

Closing Date:

• Position closes at 12:01am on the close date identified below. 03/6/2024

Expected salary

Location

Edmonton, AB

Job date

Thu, 22 Feb 2024 08:52:29 GMT

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