Head of U.S. Accounting Policy and Financial Reporting (US)

Work Location:

Charlotte, North Carolina, United States of America

Hours:

40

Pay Details:

250000 - 350000 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs. 

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Line of Business:

Finance

Job Description:

This role oversees a cross-functional team that is responsible for setting accounting policies under U.S. GAAP and producing financial reports for numerous legal entities and segment reporting purposes.  This role will also monitor the Bank's compliance with the asset cap provision. Collaborates across Risk, TBSM, Corp Dev, Business leaders, Chief Accountants, and other critical areas to ensure accurate and complete financial reporting, including reporting on the Bank's asset position and proactively recommending adjustments to executions strategies to ensure the Bank remains compliant with the asset cap provision.  Liaises with the regulatory affairs team to provide updates to the regulators.  This role is also responsible for Accounting Policy & Advisory supporting U.S. businesses providing accounting advisory services to assist with the application of accounting policies as well as proactive Advisory on new and/or complex transactions including Corporate Development transactions.

Depth & Scope:

• Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required
• Implements and manages processes, facilitates efficient data collection for financial reporting purposes, including reporting on asset positions
• Maintains accurate and up-to-date records of data/information used in reporting
• Identifies and implements opportunities for process improvements in financial reporting to reduce risk and create efficiencies
• Reports on asset positions, profitability, RWA and capital to various Management and Board committees 
• Collaborates across Enterprise and U.S. Treasury, Corp Dev, U.S. Region Wholesale, business leaders and other critical areas to ensure accurate and complete financial reporting, including on the Combined Banks asset position
• Identifies and assesses potential risks associated with asset optimization actions
• Manages and oversees various governance practices including effective challenge, execution and documentation around the asset cap
• Convenes governance (sub) committees as necessary to resolve escalated issues that require team owner input or executive action
• Develops and implements training program for staff involved in financial reporting, including reporting on the asset cap provision, Lines of Business and Board
• Manages Governance processes and review adherence to asset cap provision, including challenge process
• Builds and sustains effective relationships with U.S. regulators
• Works closely with Risk & Control partners to ensure compliance with internal and regulatory expectations
• Provides accounting advisory services to assist various segments with the application of accounting policies as well as proactive advisory on new and/or complex transactions including Corporate Development transactions
• Responsible for the legal entity financial statements produced in the U.S. Region under U.S. GAAP and the segment financial results prepared under IFRS. Reviews financial statement disclosures for appropriateness and reasonability for inclusion in the Consolidated Bank Financial Statements for the U.S. Bank
• Leads technical aspects as well as certain project aspects of the Implementation of new accounting/disclosure requirements
• Maintains effective and positive external relationships with the Bank's regulators, Auditors, Audit Committee, CBA, OSFI and various standard setters
• Demonstrates client service excellence to internal Bank stakeholder groups – Segment CFO's, COO team, TBSM, Corp Dev, Risk, Legal, and U.S. Finance
• Valuation related services on various Corp Dev transactions and other Bank Segment transactions
• Drives efficiencies and communicates effectively across various work streams
• Develops, assigns and monitors plans to ensure completion of goals and objectives

Education & Experience:

• Bachelor's degree required
• 15+ years of financial services experience required, preferably across multiple disciplines inclusive of deep subject matter expertise in Finance
• Strong knowledge of accounting policies and practices for financial services under U.S. GAAP and/or IFRS, with demonstrated ability to apply guidance to complex situations
• Ability to effectively manage financial reporting processes and drive process improvements to reduce risk and create efficiencies
• Ability to apply consultative relationship management and influencing skills across all levels with organizational prowess
• Ability to work effectively with a broad range of stakeholders
• Experience in the effective execution of change management strategies and processes in a complex, multi-faceted business
• Ability to prioritize tasks and determine what is important and where value can be best added
• Organizational awareness and resourcefulness - understanding of whom to engage in order to identify solutions and resolve issues. Superior understanding and judgment on issues to resolve independently or to escalate
• Ability to deal with significant ambiguity and changing priorities in a fast-paced environment
• Strong business acumen and analytical skill set ability to absorb information on a variety of complex issues (financial and nonfinancial) and summarize key issues or concerns
• High degree of personal integrity in order to recognize and manage access to sensitive information about the Bank, our strategy, results, people and issues being addressed
• Excellent judgment, relationship management skills, impact and influence capability, with a demonstrated ability to work effectively with leaders at all levels

Customer Accountabilities:

• Develops and maintains good relationships with key business and other stakeholders and effectively communicates with them
• Liaises and effectively interacts with internal and external auditors, regulators where applicable and ensures appropriate action is taken where required
• Acts as subject matter expert for own area and provide guidance/ advice and recommendations to support dealings with internal / external partners

Shareholder Accountabilities:

• Ensures compliance with Asset Cap
• Protects the interests of the organization – identifies and manages risks, and escalates non-standard, high-risk transactions / activities as necessary
• Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assesses potential impacts
• Ensures employees are knowledgeable; and assumes responsibility to minimize operational and regulatory risk by complying with Bank and industry Code of Conduct
• Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite

Employee/Team Accountabilities:

• Cultivates and models the TD Way to support colleague growth, and a culture of care; makes an impact at work and in our communities by leading with authenticity and supporting well-being to represent TD's brand
• Connects the alignment of colleagues' contributions with the TD Shared Commitments
• Builds and retains an engaged and diverse team that embraces diversity of thought, creativity and curiosity; where every colleague and customer are valued, respected, and listened to; committed to a common goal and collaborate to move with speed and get things done
• Demonstrates inclusive leadership by taking meaningful action with intention to support colleagues and customers across all dimensions of diversity, including those from underrepresented communities, being actively anti-racist, attracting and retaining diverse slate of candidates, nurturing mutual respect, inclusivity of thought and collaboration to drive successful results
• Contributes to the development of business segment and/or enterprise functional strategic priorities within their operational area or field of specialty that drive results
• Develops annual and/or long-term plans for own area that are aligned with enterprise-wide priorities, reinforcing a focus on results that align to One TD

Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%

• Domestic Travel – Occasional
• International Travel – Never
• Performing sedentary work – Continuous
• Performing multiple tasks – Continuous
• Operating standard office equipment - Continuous
• Responding quickly to sounds – Occasional
• Sitting – Continuous
• Standing – Occasional
• Walking – Occasional
• Moving safely in confined spaces – Occasional
• Lifting/Carrying (under 25 lbs.) – Occasional
• Lifting/Carrying (over 25 lbs.) – Never
• Squatting – Occasional
• Bending – Occasional
• Kneeling – Never
• Crawling – Never
• Climbing – Never
• Reaching overhead – Never
• Reaching forward – Occasional
• Pushing – Never
• Pulling – Never
• Twisting – Never
• Concentrating for long periods of time – Continuous
• Applying common sense to deal with problems involving standardized situations – Continuous
• Reading, writing and comprehending instructions – Continuous
• Adding, subtracting, multiplying and dividing – Continuous

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we strive to make every interaction, product, and experience remarkably human and refreshingly simple for over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.

Our Total Rewards Package

Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. Learn more

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

 

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.  

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

TD Bank is an equal opportunity employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.

If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at USWAPTDO@td.com.  Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.