Chief Financial Officer, Cedar Leaf Capital

Scotiabank; Toronto; On-site; CAD 120,000 - 180,000; Full time

Job summary

Join a purpose-driven team as the Chief Financial Officer at an innovative investment dealer focused on Indigenous capital markets. In this pivotal role, you will ensure financial compliance, lead strategic initiatives, and drive growth in debt capital markets while collaborating with key stakeholders. This is an exciting opportunity to make a meaningful impact in a newly established firm backed by a leading bank, where your expertise will help shape the future of Indigenous participation in capital markets. If you are a strategic thinker with a passion for finance and leadership, this role is perfect for you.

Benefits

Flexible benefit programs

Holistic well-being support

Opportunity for growth in a new entity

Qualifications

• 10+ years of experience in a related business with a professional accounting designation.
• Strong knowledge of financial regulations and investment business practices.

Responsibilities

• Oversee financial compliance and regulatory filings for Cedar Leaf Capital.
• Provide leadership and strategic direction for the firm’s growth.

Skills

Financial Accounting

Regulatory Compliance

Leadership Skills

Analytical Skills

Risk Management

Cash Management

Client Relationship Management

Education

Professional Accounting Designation

Completion of CFO Qualifying Examination

Tools

Financial Regulatory Filings

Third-party Carrying Broker Platform

Job description

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Title: Chief Financial Officer, Cedar Leaf Capital

Requisition ID: 223624

Join a purpose-driven winning team, committed to results, in an inclusive and high-performing culture.

Considering a career in Capital Markets? Cedar Leaf Capital, Canada’s first Indigenous-owned and operated Investment Dealer is hiring a Chief Financial Officer. If you have an interest in accelerating your career with a company focused on providing exceptional service to its clients and creating commercial opportunities for Indigenous communities, consider joining the Cedar Leaf team!

The Company
Cedar Leaf Capital is a newly established Investment Dealer with unique ownership and a commitment to facilitate greater participation of Indigenous people, businesses and communities in Capital Markets. The firm participates in underwriting syndicates for Corporate and Government issuers to raise debt financing in the primary market. As a member of the Scotiabank group of companies, Cedar Leaf Capital benefits from the expertise and resources of the Bank, including those of the Global Banking and Markets (GBM) business and their deep Capital Markets and Investment Banking knowledge and experience.

Become part of an innovative Capital Markets business with a unique focus that puts capital to work for our clients!

Role Overview
As the Chief Financial Officer, you will be accountable to Cedar Leaf Capital’s CEO and Board of Directors for the Firm’s financial compliance program, working in partnership with other key stakeholders across Cedar Leaf Capital and Scotiabank.

You will be an integral part of the Senior Leadership Team by helping drive the strategic direction and growth of the firm across Debt Capital Market syndication and the potential evolution into equity markets and advisory work.

As the CFO, you will be accountable for monitoring the Firm’s adherence to the financial requirements of the Firm’s key regulator, the Canadian Investment Regulatory Organization (CIRO), as it relates to the adequacy of the Firm’s Capital Position and the preparation of related Financial regulatory filings the Monthly financial report (MFR) and the audited Joint Regulatory Financial Questionnaire and Report (JRFQR) Form 1.

You will provide effective leadership and oversight of all aspects of the Firm’s audited regulatory and statutory financial statement preparation and tax-related filings and audits, ensuring the accuracy and integrity of the financial results you present to Cedar Leaf’s Board of Directors. You will also be a key advisor and contributor to the Front Office and the Leadership Team when supporting deal participation.

You will provide effective Board representation, stewardship, duty of care, and ensure the business affairs of the Firm are in alignment with Cedar Leaf Capital’s strategy, standards and policies and procedures.

From time to time, you may be expected to represent the Firm at conferences, committees and working groups within the Investment Industry or Indigenous Community where warranted.

What You’ll Do:

• Implement and keep updated policies and procedures that ensure timely, complete and accurate regulatory compliance financial records are maintained at all times.
• Stay current about new and emerging regulations and best practices and changes in Cedar Leaf or Scotiabank’s business organization and infrastructure that may necessitate an update to Cedar Leaf’s Financial Operations policies and procedures.
• Provide professional advice and quality and timely information to support the Cedar Leaf trading desk with front office initiatives and deployment of business strategies, while ensuring compliance with regulatory, statutory and tax requirements.
• Ensure the integrity and timely filing of monthly and annual financial information, both regulatory and statutory, and as included in Scotiabank’s overall reporting, in compliance with the continuous disclosure requirements of various regulatory bodies.
• Manage and oversee Cedar Leaf’s business operations and internal controls in a way that supports risk culture and the relevant risk appetite frameworks and limits with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk.
• Safeguard Cedar Leaf and Scotiabank’s assets and reputation by ensuring control mechanisms are in place to identify and mitigate risk, including through frequent monitoring of capital and relevant limits; and reconciliation of the Firm’s bank accounts, management of fund disbursements, etc.
• Deepen client relationships and leverage broader Scotiabank and stakeholder relationships, systems and knowledge through innovative system solutions and procedural changes to effectively manage all accountabilities and deliverables.

What You’ll Bring:

• Successful completion of the Canadian Securities’ Institute’s “Chief Financial Officer Qualifying Examination”.
• A professional accounting designation or a minimum 10 years’ experience in a related business.
• Experience dealing with the Canadian Investment Regulatory Organization (CIRO) and/or the Ontario Securities Commission. Experience with Risk Adjusted Capital calculations and CIRO’s Early Warning Capital Rules.
• A good understanding of Financial Accounting and CRA tax requirements is expected.
• Strong technical skills and extensive knowledge of the investment business (particularly in a debt capital raising capacity) due to the focused nature of Cedar Leaf Capital’s mandate.
• Trade life-cycle experience, inclusive of monitoring the settlement of trades and managing the deployment and implementation of a Third-party Carrying Broker platform.
• Ability to manage banking operations (experience in cash management).
• Experience with the primary market issuance process (applicable margin rates, distinguishing between bought and agency transactions, applicable clauses (i.e. disaster out, etc.), awareness of other nuances that can impact the Firm’s regulatory capital.
• Strong leadership, motivational and people skills given the continuous interactions expected with Executive Management and various Global Banking and Markets and Scotiabank executives, external Cedar Leaf Directors, internal and external auditors and regulatory body representatives.
• Requires strategic thinking, excellent analytical skills and decision-making abilities, while being results-oriented to deal with new and unique challenges with short turnaround deadlines.

Working Arrangement:

• This position is currently an on-site role, with the expectation that you will work 3-5 days a week in the office. Please note that this is subject to change based on the needs of the business.
• Non-standard hours may be a common occurrence.
• Limited travel domestically may be required.

What's in it for you?

• Cedar Leaf wants you to be able to bring your best self to work – and life - every day. With a focus on holistic well-being, we offer many flexible benefit programs designed to help support your unique family, financial, physical, mental, and social health needs.
• An opportunity to join a newly established entity and participate in its successful growth and strategic development as an innovative leader in Indigenous capital market advancement.

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.