Assistant Director, Financial Planning

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Requisition #:  J1012-0324

Position Title:  Assistant Director, Financial Planning

Employment Type:  Full-time

Position Type:  Regular

Location:  234 Wellington Street

City, Province:  Ottawa, Ontario

Country:  Canada

Job Category:  Management

Number of Positions:  0

Date Posted:  October 11, 2012

Closing Date:  October 19, 2012

Salary Range

Salary Range (annual salary): The Bank offers a competitive total compensation package with starting salaries, based on qualifications, generally ranging between $103,090 and $128,863* (job grade 20).

*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

The Assistant Director, Financial Planning (AD) is responsible for providing financial leadership, business advice and guidance to departments in support of attaining their goals and objectives while ensuring overall fiscal responsibility.

As a member of the Financial Services leadership team, the AD has a primary responsibility for Bank-wide financial planning, budgeting, reporting and analysis. He/she is accountable for ensuring the effective and efficient management of operational expenses and capital spending, providing oversight to all levels of management, including the Board of Directors and Management Council. The AD supports key business initiatives and decisions through providing insightful proactive financial and business advice and analysis. He/she is often a key adviser to departmental chiefs and leadership teams, fostering quality partnerships to strengthen collaboration, co-operation and trust.

The AD is responsible for developing a competent, effective and motivated team that has the leadership, operational knowledge and business skills necessary to deliver on their mandate.
This position forms part of the Financial Services leadership team, overseeing the Bank’s internal financial management processes, accounting and back-office operations, as well as external reporting for five reporting entities, of which the Bank is the most prominent. The other reporting entities include the pension trusts, government debt and the Exchange Fund Account. As part of longer-term career development at the Bank, the AD may take on various roles and accountabilities within these different areas.

The AD ensures alignment with best practices of other central banks and financial institutions. To undertake this accountability, there is a requirement to develop relationships with experts at other central banks, with colleagues in industry and government departments, and within the Bank of Canada itself. Experience in the private and public sectors will be important to developing sound, efficient processes that will lead the Bank to the effective use and control of its expenditures.
This position reports directly to the Bank’s senior officer responsible for Financial and Strategic Advice.

Central Responsibilities

•lead the budgeting, forecasting and management reporting processes for the Bank

•direct the annual budgeting process involving communication and coordination with departmental leadership teams in the development of financial targets, assumptions and strategic directives to be incorporated into the planning process

•provide guidance in establishing departmental operating and capital budgets/forecasts and in monitoring progress against plan

•lead his/her team in optimizing planning processes and management reporting

•design and direct insightful financial analyses, adopting a proactive approach in assessing trends, risks and areas of opportunity

•develop and distribute timely, effective standard and ad hoc reports and analysis that provide management with required information supporting effective decision making

•provide departmental leaders with the business and financial support required to enhance the achievement of business objectives

•ensure and promote compliance with applicable financial policies and procedures

•build and cultivate strong working relationships and partnerships within finance and across business units Bank-wide

•serve as an adviser to the senior officer responsible for Financial and Strategic Advice with respect to operations, business cases, financial planning and performance measurement

•provide senior management with timely, accurate and meaningful forecasts of expenditures for the upcoming periods

•foster a positive working environment that motivates staff to excel and promotes co-operation and partnerships

Key Requirements

•recognized Canadian (or reciprocal) accounting designation (CA, CMA, CGA)


•minimum of seven years of experience in budgeting, planning and costing expenses and preparing reports for senior management

•minimum of three years of work experience at a mid-managerial level with direct reports


•an equivalent combination of education and experience may be considered

in addition

•English and French essential

•linguistic requirement: functional in second official language (training may be provided to help the selected candidate reach the required level of fully functional)

•solid knowledge of and experience in the application of Canadian accounting guidelines and auditing processes

•broad experience in different aspects of financial management, accounting and project support

•ability to provide sound accounting advice and guidance at all levels within the organization

•commitment to ensuring that operational requirements, often within tight deadlines, are met with accuracy and timeliness

•excellent ability to communicate effectively, both orally and in writing, with a wide variety of audiences by adapting one’s approach to these audiences, by clarifying complex information, and by conveying sensitive information in an appropriate manner

•proven ability to manage, motivate and lead professional staff in a corporate accounting environment

•ability to conceptualize, distill and synthesize business issues clearly, and guide others in finding effective and creative solutions

•strong leadership skills and team mentoring – the building blocks of your success in this role

•strong organizational skills and demonstrated ability to identify and manage changing priorities


•fully functional in second official language

•knowledge of Canadian banking processes

•experience working within an integrated SAP enterprise resource planning system

•work experience in both the public and private sectors

•sound understanding of approaches to financial management reporting

•project office experience


•Condition of employment: Candidate must be eligible for reliability status clearance.

•Priority will be given to candidates who are legally entitled to work in Canada.

•There will be no relocation assistance provided for this recruitment action.

•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.

•Only the candidates selected for an interview will be contacted.

If you are a qualified candidate, please submit a detailed resumé and a covering letter by 19 October 2012. 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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