Senior Consultant – Financial Policy and External Reporting

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Requisition #:  J0613-0088

Position Title:  Senior Consultant – Financial Policy and External Reporting

Employment Type:  Full-time

Position Type:  Short term with possibility of extension

Location:  234 Wellington Street

City, Province:  Ottawa, Ontario

Country:  Canada

Job Category:  Finance

Number of Positions:  1

Date Posted:  June 4, 2013

Closing Date:  June 13, 2013

Salary Range:

The Bank offers a competitive total compensation package with starting salaries, based on qualifications, generally ranging between $3,132 and $3,915 (Bi-weekly rate)* (job grade 18).
*Where the Bank has needs for specialized skills, it may offer higher starting salaries to exceptional candidates.

Take a Central Role at the Bank of Canada:

Canada's central bank is the nation's pre-eminent macroeconomic policy institution. No other employer in the country offers you the unique opportunity to work at the very centre of Canada's economy, in an organization with significant impact on the economic and financial well-being of all Canadians. No matter what your area of expertise, you'll enjoy an open culture and a superior work environment that will challenge, energize, and motivate you to excel. (More info)

Job Summary

Under the general direction of the Director of Financial Policy and External Reporting, you provide leadership in the areas of accounting and financial reporting in support of the Bank of Canada’s reporting entities: the Bank of Canada, the Exchange Fund Account, the two pension funds, and others, as appropriate.

On an ongoing basis, you review and evaluate the financial practices and policies, accounting guidelines and requirements, and industry best practices as they pertain to the framework for financial reporting and internal controls for the reporting entities. You ensure that the attestations and representations made by the Chief Accountant and the Governor with respect to the financial statements of the reporting entities are sound and are based on a formal documented process. You are accountable, with other team members, for the development and production of external financial statements, including liaison with internal and external auditors. As an expert in the field of accounting, you provide recommendations for setting the strategic direction of the department to ensure that policy and regulatory objectives are translated into actions. You also provide information relevant to specific projects and changes Bank-wide.

You provide expert information and guidance on internal control over financial reporting and regulatory requirements to the Financial Services Department, the Chief Accountant and, as required, to the Bank senior management.

Central Responsibilities:

• develop rationale, supporting documentation and audit files to support analysis and decisions related to the external financial reporting
• play a lead role in the year-end audits of the reporting entities, including interaction and coordination with the external audit firms of the reporting entities; and develop wording and presentation of the financial statements
• monitor and research developments in the financial reporting and regulatory environment, both nationally and internationally; assess the impact of these developments on the Bank of Canada’s accounting policies, practices, general ledger and financial statements; and develop and propose recommendations as required
• develop and maintain a control certification process and documentation for the Bank of Canada that is aligned with the strategic vision of the CEO/CFO certification process
• maintain, evaluate and recommend revisions to the internal controls over the financial reporting framework of the Bank’s reporting entities
• recommend changes to financial and accounting processes or procedures to improve internal controls or efficiency of data collection
• build and manage long-term relationships or partnerships on behalf of the department, with internal and external clients, in order to support the evolving needs of financial management and to represent the Bank of Canada’s interests with stakeholders
• provide expert knowledge and guidance to members and colleagues within the department on the application of accounting standards and adequacy of internal controls
• take on specific ad hoc research, development and implementation projects that are delegated by the Director

Key Requirements:

• CA, CMA or CGA designation, with an active membership in good standing
• a minimum of five years of relevant work experience
• knowledge of International Financial Reporting Standards (IFRS)

in addition

• English essential
• ability to communicate effectively with a wide variety of audiences by adapting one’s language to the audience, by clarifying complex information and by conveying sensitive information in an appropriate manner
• ability to quickly grasp the essence of complex issues, diagnose multi-dimensional problems and develop solutions to address them
• ability to conduct research to determine trends
• ability to understand people’s resistance to change and explain the reasons for change in a compelling manner
• ability to indirectly influence others and effectively gain their commitment by using a network of contacts or by enlisting third parties to build support
• ability to facilitate a homogeneous group to solve a problem
• practical knowledge of project-management principles and techniques

Assets:

• functional in second official language
• experience in a bank or in other financial institution(s)
• knowledge of internal controls over financial reporting

Notes:

• Condition of employment: Candidate must be eligible for reliability status.
• Priority will be given to candidates who are legally entitled to work in Canada.
• Only the candidates selected for an interview will be contacted.
• The Bank of Canada benefits from the unique perspectives, attributes and talents of its diverse workforce. We offer flexibility to accommodate the needs of our employees and candidates. The Bank of Canada is committed to employment equity and actively encourages applications from qualified men and women, including Aboriginal peoples, persons with disabilities, and members of visible minorities.

If you are a qualified candidate, please submit a detailed resum้ and a covering letter by 13 June 2013. We will also ask you to complete a mandatory questionnaire during the application process.

Sorry, this job is no longer available.

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