What’s in it for you as an employee of QFG?

• Health & wellbeing resources and programs

• Paid vacation, personal, and sick days for work-life balance

• Competitive compensation and benefits packages

• Work-life balance in a hybrid environment with at least 3 days in office

• Career growth and development opportunities

• Opportunities to contribute to community causes

• Work with diverse team members in an inclusive and collaborative environment

This job posting is for an existing vacancy.

We’re looking for our next Manager, Finance - Deposit & Money Movement. Could It Be You?

The Manager, Finance – Controllership (Deposit & Money Movement) is responsible for the financial integrity, accounting governance, and regulatory reporting of the bank’s deposit products, with a specialized focus on Nominee GICs and Trust Deposits. This role ensures that high-volume money movement activities are accurately captured and that the bank remains compliant with CDIC (Canada Deposit Insurance Corporation) and OSFI requirements. You will lead a team of finance professionals to manage the month-end close, provide technical accounting guidance on deposit instruments, and maintain a robust control environment for fiduciary and nominee-held assets.

Need more details? Keep reading…

In this role, responsibilities include but are not limited to:

Financial Accounting & Controllership

• Oversee the end-to-end month-end close for deposit products, ensuring accurate recording of interest expense, accrued interest, and fee income.

• Manage complex accounting reconciliations for Nominee GICs, ensuring sub-ledger data aligns with the general ledger and external intermediary records.

• Govern the accounting treatment for Trust Deposits, ensuring strict adherence to fiduciary accounting standards and internal segregation of funds policies.

Regulatory Reporting & Compliance

• Support the preparation and validation of CDIC data requirements, specifically relating to trust and nominee disclosure rules (e.g., "Professional Trustee" data requirements).

• Contribute to the accuracy of OSFI returns (e.g., M4 Balance Sheet reporting) as they relate to retail and wholesale deposit liabilities.

• Act as a key contact for internal and external audits concerning deposit-related controls and reporting.

Money Movement & Operational Control

• Partner with Treasury and Product teams to assess the accounting implications of new deposit product launches or pricing changes.

• Maintain oversight of money movement workflows, ensuring that high-value transfers and settlement activities are governed by rigorous financial controls.

• Monitor and report on liquidity-related KPIs such as deposit churn, term maturity profiles, and weighted average costs of funds.

Leadership & Process Improvement

• Lead automation initiatives to streamline data extraction and reconciliation processes for large-scale deposit portfolios.

So are YOU our next Manager, Finance - Deposit & Money Movement? You are if you…

• Hold a Bachelor’s degree in Business, Finance, or Accounting

• Hold a professional accounting designation (CPA)

• Have 5+ years of progressive experience in finance or accounting, preferably within a Schedule 1 Canadian Bank or a large financial institution

• Have proven experience with deposit products (GICs, Savings/Chequing) and an understanding of the Canadian deposit insurance landscape (CDIC)

• Have strong knowledge of IFRS, particularly as it relates to financial liabilities and disclosure

• Have Advanced proficiency in Microsoft Excel (modeling, macros) and financial reporting systems (e.g., SAP, Oracle, or Hyperion)

• Are familiar with data visualization tools (e.g., Tableau, Power BI) and SQL for data extraction

• Are able to distill complex data into clear financial stories and identify trends or anomalies in large lending portfolios

• Are exceptionally accurate in financial reporting with a "no-surprises" approach to the control environment

• Have strong verbal and written communication skills to explain financial results to non-finance business partners and senior executives

• Are able to manage multiple priorities and tight deadlines during peak reporting cycles while maintaining a focus on continuous improvement

Compensation Information:

• Base salary range: $105,000 - $135,000

• The final compensation package will be commensurate with the successful candidate's experience, skills, and geographic location (Canada). It includes a comprehensive benefits plan and a competitive incentive (bonus) program for Full-Time Permanent roles.

Sounds like you? Click below to apply!

#LI-NP1

#LI-Hybrid