Job Information
CIBC Sr. Director, Accounting Policy and Advisory in Toronto, Ontario
We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.
At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
To learn more about CIBC, please visit CIBC.com (https://www.cibc.com/en/about-cibc.html)
What You’ll be Doing
The Senior Director, Accounting Policy and Advisory will participate in the development and interpretation of CIBC’s accounting requirements under International Financial Reporting Standard (IFRS) with consultation of and input from all affected parties in the Chief Accountants Division and Controllership including the VP, Accounting Policy and Advisory, SVP Chief Accountant, and the EVP, Controller. The Senior Director will also provide consultation and assist other areas of Finance (SBU Finance, Treasury, Taxation, Capital Management), Risk Management and Business areas with the interpretation and evaluation of the impact of both present financial accounting and reporting policies and future changes thereto under IFRS, on accounting and operational processes and procedures as well as on business practices as required.
At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 1-3 days per week on-site, while other days will be remote.
How You’ll Succeed
Accounting Requirements - Influence the development of appropriate external accounting requirements under IFRS that are relevant to CIBC. Ensures that CIBC’s financial accounting requirements are developed in compliance with IFRS, and take into account industry and regulatory considerations. Provide accounting recommendations over the accounting for complex / significant transactions globally to all areas across CIBC that apply IFRS. Establish, maintain and communicate internal accounting requirements. Provide leadership and oversight over accounting interpretation within CIBC, including interpretation provided to the Controllership teams responsible for booking transactions and the SBU Finance teams who are responsible for planning and analysis. Provide accounting advice to senior Finance personnel upon request to ensure that accounting operational concerns are addressed appropriately and in a timely fashion
Research/Analysis - Keep up-to-date on relevant developments in IFRS including the requirements of OSFI, the OSC and the SEC, including keeping current with any authoritative or interpretive statements from the major accounting firms. Identifying new IFRS requirements that impact CIBC and influence the development of implementation plans for these requirements. Leads the evaluation of the effects of accounting developments on CIBC's financial accounting and reporting. Comment on relevant Exposure Drafts or Discussion Documents issued by IASB and other standard setting bodies.
Relationship Management - Liaise with the Canadian Bankers Association, including chairing working groups as required, and directly working with other banks on financial accounting, reporting and related issues and developments. Liaise with the External Auditors on key financial accounting and reporting policy issues. Support the Shareholder Reporting area in the Chief Accountants Division with external disclosures.
Projects and Ad Hoc Work - Lead and participate in project work as required and appropriate to ensure that financial accounting and reporting related changes are understood by stakeholders and implemented in a controlled and timely manner.
Who You Are
You can demonstrate strong knowledge of IFRS and the accounting and disclosure requirements applicable to banks. Knowledge of US GAAP and SEC reporting requirements is also beneficial. In addition, you have strong technical skills in statutory accounting and reporting and financial management business principles, including the accounting for financial instruments. Further, you have experience in providing accounting advisory services to business partners. You also demonstrate strong communication and presentation skills in order to present findings/results and recommendations to target audiences. It’s an asset if you have knowledge of associated regulatory requirements (i.e. OSFI/OSC/SEC) and audit experience with a public accounting firm.
You’re a certified professional. You have current accreditation and good standing with a recognized professional accounting body and designation, along with relevant work experience at the appropriate level
You're passionate about people. You find meaning in relationships and surround yourself with a diverse network of partners. You connect with others through respect and authenticity.
You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision making.
Values matter to you . You bring your real self to work and you live our values - trust, teamwork, and accountability.
What CIBC Offers
At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.
We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program, defined benefit pension plan, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
*Subject to plan and program terms and conditions
What you need to know
CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com
You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, French proficiency, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.
Job Location
Toronto-81 Bay, 26th Floor
Employment Type
Regular
Weekly Hours
37.5
Skills
Accounting Policies, Analytical Thinking, Critical Thinking, Deliverables Management, Finance, Financial Reporting and Analysis, Group Problem Solving, Leadership, Shareholder Reports
At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.
Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.
Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.