Job Description

Story Behind the Need:

• Business group: GWO - Operations Control - Reconciliations oversees the audit processes for their clients (internal and external to client)

Candidate Value Proposition:

• The successful candidate will have the opportunity to work on a high visibility to project, working closely with multiple client's departments and executive members of client.

Accountabilities:

• Champion a customer-focused culture to deepen internal and external interactions, leveraging broader Bank relationships, systems, and knowledge
• Develop and demonstrate SME level knowledge of the Bank's TPRM policy and GWO's mandate and operating expense categories - primarily data processing, software licensing & maintenance, depository network, and market data.
• Adhere to and support contract management objectives, procedures, audit, and workflow processes in relation to the Bank's risk appetite and TPRM policies
• Support the management of multiple vendor relationships with a global scope and varying in complexity
• Support business partners conducting risk assessment of third-party relationships as a first line control function within the Bank's TPRM program; specifically:
• Coordination, and execution of quality assurance and effective challenge activities
• Review of due diligence performed on fourth party sub-contractors, and others
• Maintain an updated contract management database that contains all executed contracts, as well as contracts that are under development but are not yet active.
• Coordinate with service owners to ensure the validation and accuracy of third-party expense statements, invoices, and debit advices across multiple systems and jurisdictions
• Manage invoice repositories and databases ensuring all details are captured and processed in a timely basis to track monthly vendor spend against financial plan
• Contribute to GWO's budgeting and forecasting exercise, providing trends and assumptions for GWO's expense categories
• Support the wider Business & Performance Management team with the production of metrics on vendor spend, monthly reporting packages, dashboards, performance reports, and any other team initiatives.
• Actively pursue effective and efficient operations of his/her respective areas in accordance with bank's values and Code of Conduct, while ensuring the adequacy, adherence to, and effectiveness of day-to-day business controls to meet obligations with respect to operations
• Champion a high-performance environment and contributes to an inclusive work environment

Must have requirements:

• At least 2- 3 years of experience in an accounting environment, including Account Payables, Vendor Management, Risk Management, Payment Operations, Cash Management or a related function
• Ability to apply sound knowledge of accounting and auditing terms, practices and principles.
• Proficient in using the Microsoft Office productivity suite, and intermediate level of expertise in Excel. Experience in analytical tools such as Power BI would be an asset.

Nice-to-have requirements:

• Working knowledge of regulations related to third-party relationships in the financial services industry
• Good understanding of back office functions and services provided by Global Wholesale Operations

Soft skills:

• Strong verbal and written communication skills
• Ability to prioritize, identify and solve various issues while effectively communicating concepts and requirements to key stakeholders
• Strong interpersonal skills and ability to work effectively independently and in a team environment with peers and superiors across the organization
• Possess a high degree of initiative, commitment, and be results-oriented and highly self-motivated
• Incumbent may be required to perform business outside of normal business hours, sometimes at short notice.

Education:

• College / University degree in Finance or related studies

Best vs average candidate:

• The best candidate is someone who emonstrates strong analytical thinking and consistently takes full ownership of tasks and responsibilities. Proactively engages in self-directed learning and adapts quickly to established processes, standard operating procedures (SOPs), and workflows.

Candidate Review & Selection:

• 2 rounds:

o 1st round - Hiring manager and Senior manager - 30 -45 minutes - Video call or in-person, depending on availability.
o They will talk about previous experience, get to know the consultant, and role overview.
o 2nd round - Hiring manager and Director - 30 minutes - Video call.
o The intent is to see cultural and team fit.
Job Details
13561
Contract
6 months
Toronto

Skills Required