Manager, Global Accounting Policies & Procedures

Scotiabank; Toronto; On-site; CAD 110,000 - 160,000; Full time

Benefits offered by this job

Annual bonus

Flexible vacation

Personal and sick days

Comprehensive benefits

Job summary

Scotiabank is seeking a Manager to research and develop accounting policies and procedures under IFRS, assess impacts of standards, and advise on specialized transactions. The role requires keeping up-to-date with IFRS and collaborating across departments to implement new guidelines.

You will maintain the IFRS monograph, provide training, and participate in standard setting and disclosures. Strong analytical, organizational, and communication skills are essential, with proficiency in Word, Excel

Qualifications

• Ability to stay up to date with IFRS within the assigned scope.
• Strong understanding of IFRS standards and their impact on Bank accounting.
• Organized and capable of handling multiple initiatives concurrently.
• Excellent written and verbal communication skills.

Responsibilities

• Research and develop accounting policies and procedures for IFRS.
• Analyze and assess impact of accounting standards and proposed changes.
• Resolve complex accounting issues and advise on specialized transactions.
• Maintain IFRS monograph and implementation guidelines, including user training.
• Participate in development and interpretation of new accounting standards and disclosures.

Skills

Organizational skills

Analytical skills

Communication skills

Project management

Attention to detail

Team collaboration

Tools

Microsoft Word

Microsoft Excel

PowerPoint

Job description

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

The Manager is responsible for researching and developing accounting policies and procedures and their implementation for the Bank, as directed by the Director or Senior Manager. It involves analyzing and assessing the impact of accounting standards and proposed changes, resolving complex accounting issues, and providing advice and counsel on specialized transactions where required. As a result, the incumbent must become and remain up to date in the areas of International Financial Reporting Standards (IFRS) within their responsibility and be generally familiar with other major changes to IFRS as they occur.

Is this role right for you? In this role you will:

• Responsible for ensuring that key areas of the Bank are aware of and appropriately prepare for and manage the impact of new and emerging accounting standards. The incumbent will help with the direct implementation of these new accounting standards, research issues with respect to specific strategies/transactions and provide alternatives and recommendations on compliance. The incumbent will require interaction with other departments of the Bank to communicate and establish their respective roles and responsibilities in implementing the requirements of these new accounting standards.
• Ensure that senior management is up to date on the specific accounting implications to the Bank of new and modified IFRS standards. The incumbent is expected to identify and research issues, consider areas of flexibility and make recommendations after considering the Bank's priorities. Proposed recommendations should consider the impact on the all-Bank and business line results in order to change business behaviour and practices, if necessary.
• Review and provide recommendations on the appropriate accounting for proposed transactions that are specialized. The analysis of these transactions will normally require well-documented summaries of the relevant transaction terms, accounting alternatives, and a basis for recommendations. Due to the time-sensitive nature of these pending transactions, the incumbent is expected to provide a timely turnaround of these analyses.
• Maintain and update the accounting monograph (i.e., IFRS policies) and implementation guidelines on a timely basis, including training of users and implications of the new guidelines.
• Actively participate in the development and interpretation of new and proposed accounting standards, including disclosures in the financial statements and the MD&A. It will include responding to new accounting standards issued by IASB, FASB and Regulators (OSC, SEC & OSFI). It may also involve participation in CBA subcommittees as well as industry working groups.

Do you have the skills that will enable you to succeed in this role? We’d love to work with you if you have:

• The incumbent is expected to be organized and to manage any number of projects/initiatives/reviews at any given time.
• The incumbent must be able to search and understand a vast body of complex material efficiently and productively to produce accurate results and present alternatives.
• The incumbent is expected to implement the complex accounting requirements for the assigned business lines.
• The incumbent must possess solid financial acumen and strong analytical and problem-solving skills.
• The incumbent must be accurate and pay attention to detail while working under pressure to meet tight deadlines.
• The incumbent must possess superior communication skills, both orally and in written memos and other forms of communication, are required.
• Results-oriented yet capable of utilizing an adaptable and flexible approach in dealing with changes in the work/project environment.
• Good interpersonal skills to develop and maintain relationships with a variety of staff in cross-functional teams.
• Must be a team player with the willingness to take on additional projects and responsibilities to achieve the group's overall objectives and goals.
• Good working knowledge of Microsoft Word, Excel and PowerPoint and the ability to learn to use the various reporting tools to extract and present information from the Bank's accounting records

What’s in it for you?

• A rewarding career path with diverse opportunities for professional development
• An organization committed to making a difference in our communities – for you and our customers.
• A competitive rewards program includes annual bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
• Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
• Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.

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.