VP Finance Toronto recruitment
Company Overview
Barclays Capital is the investment banking division of Barclays Bank PLC. With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Barclays Capital has offices around the world, employs over 23,000 people and has the global reach, advisory services and distribution power to meet the needs of issuers and investors worldwide.
For further information about Barclays Capital, please visit our website www.barclayscapital.com.
It is the policy of Barclays Capital to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.
Department Overview
The Finance department covers Financial, Product Control, Management Information and Tax. Financial Control Canada is responsible for the preparation of statutory, regulatory, tax and management reports for Barclays Capital Canada.
It ensures integrity of financial information by implementing and monitoring appropriate controls throughout the organisation. In addition, a primary role of Financial Control is to collaborate with the businesses to develop innovative ways of adding shareholder value. This is achieved by striving to execute in a consistent and timely manner, and by implementing best practices globally across the division. Primary communications are with the American Balance Sheet Control team and Product Control Teams in NY, London Singapore, Canada Front Office and various Infrastructure areas (Operations, Treasury, Compliance, Legal etc). The Canadian business includes Global Markets Trading (Equities Broker Dealer), Commodities and Global Loans, Investment Banking (MA, Origination, Bonds and Debt Issuance), Distribution (Equities, FX, Investor Solutions, Rates and Commodities) and Equities Research. The key functions of the department are currently:
- Preparing of financial accounts
- Local regulatory reporting
- Local MIS
- Local tax compliance
- Capital and Liquidity reporting and monitoring
Main Function
The main function of the role is responsibility for local financial and regulatory reporting requirements (under IIROC OSFI rules) for the Canadian entities. This includes but is not limited to PL reporting, local MIS, financial reporting, local regulatory reporting, tax preparation and Capital liquidity reporting.
The role will also provide input to initiatives aimed at the focus areas of control, supporting the business, cost and efficiency, core infrastructure alignment and organisation, and people.
Main Duties
Perform local financial and regulatory reporting functions including:
- Manage the preparation and lodgement of various regulatory returns to IIROC, OSFI, OSC, CRA (CORP, HST/GST etc) and statutory reporting requirements
- Manage the month-end and year-end processes, plus MIS reporting locally with the Trading, Investment Banking and Distribution teams
- Ensure the appropriate policies and procedures are up to date and adopted locally
- Manage Financial Control team of 3 in Toronto
- Represent Canada Financial Control in dealing with external and internal groups ie, Finance (Financial and Product Control), Front Office - Trading desks, IBD, Distribution, and Operations on all Financial Control matters
- Key Canadian Financial Control representatives for Canadian growth initiatives
- Ad hoc queries
Responsible for driving process efficiency improvements locally and contributing to local and regional project initiatives in finance. This will include input to local compliance with Sarbanes Oxley and Basel III, FATCA etc requirements and contribution to various Finance projects.