Professional Consulting - Toronto

Our Client in the Banking and Finance Industry is seeking a Financial Analyst for their Downtown Toronto office. This is a 6 months contract to start, possible extension OR Permanency
 
 
Role Mandate:
This individual will support the Capital Markets, Payments and Securities Operations Management Team in strengthening and advancing its operational efficiency and effectiveness by providing management information, financial budgeting, forecasting and analysis, and coordination of workforce management activities across the Capital Markets, Payments and Securities Operations Team.  This individual is accountable to support the development and ongoing utilization of an integrated approach to financial performance management that is underpinned by consistent practices, analytics, monitoring and reporting (monthly/quarterly and as required).  Also accountable to coordinate data as it relates to strategy, quality program projects, finance, risk management to produce effective reporting, high quality diagnostics and improved productivity and efficiency.
Though this team handles reporting for various areas of the bank, this position’s focus would solely be on financial reporting related to staffing, the onboarding and offboarding of new resources, validation and monitoring of the approval process, and other activities related to the staffing vertical. Though the scope of the work is more limited, it requires great attention to detail.

Candidate Value Proposition (CVP):
This role is highly visible and will allow this individual to interface with various Senior Managers, Directors and Managing Directors within the Capital Markets, Payments and Securities Ops team, as well as others. This role will allow for someone to work on building valuable relationships with these individuals, an invaluable skill.

Team Culture:
Team of 4 members, 3 of which perform a very similar function to this position, though the others would be focused on other areas of financial reporting. The team is collaborative in nature, and often requires more than one individual to contribute to the end product.

Role Responsibilities Include (but are not limited to):
 Business Performance Management
• Research, design and compile various forms of management information for the purpose of supporting strategy planning and effective change management.
• Act as the central contact for reporting and metrics to ensure management information necessary for senior leadership team decisions is consolidated, packaged and distributed in a manner that facilitates effective decision-making and actions.
• Support the development and implementation of consistent tools and processes that facilitate operational excellence in managing and overseeing business performance within the business unit.
• Collect, analyze, communicate and maintain robust management information.
• Design and create senior management and executive reports that meet reporting requirements and align to business plans.
• Provide business performance diagnostics, as appropriate, to internal business partners and other internal groups.
• Facilitate training, consulting and/or direction for PO business units to enhance capability in the management of key performance indicators (KPIs).
• Conduct effective trend analysis of key business metrics; partner with key resources to develop action plans and address thematic issues; recommend actions to continuously drive the business unit to higher levels of business performance.
• Investigate the ongoing effectiveness of business performance management processes, and identify and recommend changes or enhancements to support the maturing business and/or discipline.

Risk & Control
• Establish procedures and controls to govern database management and report creation to ensure the effectiveness and usefulness of management information reports.
• Monitor and identify potential risk situations/ impacts, and make recommendations or escalate to the manager.
• Provide information for regulatory reporting and audit queries, as required.
• Ensure all appropriate authorizations/ approvals are obtained in accordance with policies and controls.
• Ensure adherence to directives and internal approvals to mitigate risk to the Bank, review documents for unresolved reporting issues, highlight any anomalies, and take appropriate action to resolve issues.
• Understand regulatory and compliance requirements as prescribed for the business unit, and provide recommendations and implement actions to ensure adherence, as required.
• Ensure strict confidentiality is maintained for both customer and Bank information to protect the customer and the Bank and to ensure compliance with Bank P&Ps.
• Manage risk and minimize losses through monitoring and controlling various reports and taking appropriate action, ensuring compliance requirements, audits and verifications within span of control are completed in accordance with Bank P&Ps.

Must-Have Skills:
• 6+ years of financial reporting experience, ideally in a large banking environment
• Advanced skills in MS Office (Word, Excel, PowerPoint, Project), Lotus, Outlook- particularly Excel
• Advanced knowledge of business planning processes, reporting cycles, PO financial processes and key business metrics
• Strong experience with financial forecasting
• Advanced knowledge of management information reporting and publishing processes
• Advanced knowledge of the business unit’s risk and regulatory requirements
• Ability to create and organize various forms of business information while developing cohesive, professional reports and presentations

Nice-to-Have Skills:
• Financial reporting experience as it relates to personnel reporting- onboarding and offboarding numbers, approval chains, etc.
• Previous Banking experience
• Experience with process improvement and change management initiatives

Soft Skills:
• Very strong communication skills, both oral and written
• Strong attention to detail
• Strong collaborative skills
• Comfort with reaching out to all levels of management, forging relationships with these individuals in the process
• Ability to work in a self-directed fashion
• Ability to not only receive information, but to truly analyze data and make independent inferences on its meaning and connect it to other relevant processes

Interview Process:
• One round, in person, 30 minutes, with Hiring Manager

 
To Apply, Please send your resume to: a.ravi@maxsys.ca

Position Type Contract
Application Deadline November 9, 2018
Experience Required 3 years
Job Duration 6 months
Education Required Bachelors