Job Description
Full job description
Requisition ID: 231930
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
The Senior Manager is responsible for researching and developing accounting policies and procedures and their implementation for the Bank, as directed by the Director or Vice President. 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 Canadian Bankers Association (CBA) sub-committees 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 must be a Chartered Professional Accountant (CPA) with a minimum of 3 years experience in the financial services industry, with exposure to complex accounting issues.
A University degree in Business, Finance or Accounting is desirable.
Strong IFRS technical accounting skills, including documentation skills to support accounting conclusions.
Experience in a financial reporting, accounting policy or public practice role with the ability to research a broad range of accounting issues.
Excellent verbal and written skills.
The incumbent must possess solid financial acumen and strong analytical and problem-solving skills.
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?
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 employee 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 each 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.
Upskilling through online courses, cross-functional development opportunities, and tuition assistance.
Competitive Rewards program including bonus, flexible vacation, personal, sick days, and benefits will start on day one.
Community Engagement - no matter where you choose to work from; we offer opportunities for community engagement & belonging with our various programs.
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. 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.
Requisition ID: 231930
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
The Senior Manager is responsible for researching and developing accounting policies and procedures and their implementation for the Bank, as directed by the Director or Vice President. 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 Canadian Bankers Association (CBA) sub-committees 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 must be a Chartered Professional Accountant (CPA) with a minimum of 3 years experience in the financial services industry, with exposure to complex accounting issues.
A University degree in Business, Finance or Accounting is desirable.
Strong IFRS technical accounting skills, including documentation skills to support accounting conclusions.
Experience in a financial reporting, accounting policy or public practice role with the ability to research a broad range of accounting issues.
Excellent verbal and written skills.
The incumbent must possess solid financial acumen and strong analytical and problem-solving skills.
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?
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 employee 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 each 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.
Upskilling through online courses, cross-functional development opportunities, and tuition assistance.
Competitive Rewards program including bonus, flexible vacation, personal, sick days, and benefits will start on day one.
Community Engagement - no matter where you choose to work from; we offer opportunities for community engagement & belonging with our various programs.
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. 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.
💡 Quick Summary
Seeking a career-building opportunity? The Senior Manager, Global AP&P position is now open for candidates interested in the Bank Jobs sector. This role in Toronto offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
