Requisition ID: 216460

Tangerine is Canada’s leading direct bank. We offer flexible and accessible banking options, innovative products, and award-winning Client service. The reason why Tangerine employees come to work each day is to help Canadians live better lives. We focus on making a difference in our communities, and that includes our own internal community. It’s important to us that our employees feel empowered and enthusiastic about belonging to our Orange culture.

Leads and oversees the Securitization, Treasury and Loan Accounting team in Tangerine Finance Department / Canadian Banking Finance in Canada ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies, and procedures. The Senior Manager Treasury Operations and Loan and Securitization Accounting will be responsible for all aspects of the Bank’s treasury operations and for overseeing the end-to-end accounting for the Bank’s loan portfolio which currently includes residential mortgages, home equity lines of credit, unsecured term loans, unsecured lines of credit and credit cards. The incumbent will also be responsible for ensuring current and ongoing compliance with Canadian Mortgage and Housing Corporation (CMHC) NHA MBS guidelines. The Senior Manager leads a team of 6 and reports directly to the Director Financial Accounting and Operations.

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

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Creates an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Builds a high-performance environment and implements a people strategy that attracts, retains, develops, and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and managing succession and development planning for the team.

Treasury Operations

• Manage the process for setting the foreign exchange rate at which the Bank’s clients can buy/sell Canadian and U.S. dollars from the Bank.
• Oversee the Bank’s collateral management process ensuring that the Bank has collected and posted adequate collateral at all times.
• Maintain the Integra-T System and ensure all the trades and securitization deals are entered and appropriately updated as and when required.
• Manage the Bank’s cash and ensure a strong system of internal controls prevails over the Bank’s trade settlement and cash movement activities.
• Supervise the production of daily and monthly treasury reporting to regulators and parent bank.
• Responsible for maintaining a healthy relationship with various vendors (Custodian, Software vendors, trade counterparties) and regulators (primarily CMHC).

Others

• Maintain Finance Access database for loan portfolio and coordinate with PMO/ IT on updates of Database in order to meet information requirement from business partners.
• Manage business relationships with third party lending partners
• Assist with implementation of appropriate operational and accounting infrastructure.
• Develop and/or update analytical financial modules as required.
• Liaise with Internal and external Auditors.
• Coordinate the activities of the accounting team and close the monthly GL.
• Responsible for maintaining and updating the entire financial statement close process narrative and SOX controls. Responsible for understanding and complying with the Regulatory Compliance Framework including the Anti-Money Laundering/Anti-Terrorist Financing and Sanctions Policy and all AML related policies, procedures, and controls within the department.
• Other duties as assigned.

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

• University Degree in Finance or Business Administration
• Minimum 10 years of experience in the financial service industry
• CPA, CA or CGA or a Professional Accounting Designation
• Thorough knowledge of mortgages, securitization structures, unsecured lending, and credit card accounting/operations
• In-depth understanding of IFRS conceptual framework, expertise in Accounting Standards of Financial Instruments, Loan Impairment and Provisions
• In-depth understanding of financial instruments and valuation methods
• Sound knowledge of provincial and federal banking compliance regulations
• Exceptionally strong analytical skills
• Advanced MS Excel skills
• Ability to learn to gather information from Enterprise Data Warehouse
• Ability to think clearly and in a very organized/systematic manner
• Able to express/explain very complex situations/items in a very easy to understand manner ideally with the help of drawings and simple flowcharts
• Able to make well-reasoned and thought-out decisions
• Ability to research and account for complex transactions
• Able to work independently and exercise good professional judgment
• Exceptionally strong verbal and written communication skills with a proven ability to summarize accurately and adequately
• Very detail-oriented with an extremely inquisitive mind
• Excellent time management and organizational skills

What’s in it for you?

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.

Location(s):  Canada : Ontario : North York

At Tangerine we value the unique skills and experiences each individual brings to the team, and are committed to creating and maintaining an inclusive and accessible environment. If you require accommodation during the recruitment and selection process, please let our Recruitment team know.