Head of Financial Reporting & Controls

The Ontario Securities Commission (OSC) is the statutory body responsible for regulating Ontarios capital markets in accordance with the mandate established in the provincial Securities Act and the Commodity Futures Act. The mandate of the OSC is to provide protection to investors from unfair improper or fraudulent practices to foster fair efficient and competitive capital markets and confidence in the capital markets to foster capital formation and to contribute to the stability of the financial system and the reduction of systemic risk. This mandate is performed through policy operational and enforcement activities. The OSC also contributes to national and global securities regulation development.

We offer a diverse fair and flexible work environment and take pride in our challenging and rewarding work.

What We Do

The Finance and Administration Division exercises leadership through its strategic allocation of financial resources and managing of financial risks proactively to meet OSC regulatory responsibilities. The division provides financial management and analysis budgeting and forecasting treasury procurement and contract management services. In addition the division is responsible for Administration providing workplace design and facilities management services.

The Head of Financial Reporting & Controls in the Finance and Administration reports to the AVP Finance. The role will oversee OSCs accounting processes and financial records while providing guidance to members of the Finance and Administration division. The Head of Financial Reporting & Controls will be responsible for the preparation of annual IFRS compliant financial statements directing and managing the companys accounting functions including establishing and maintaining accounting principles practices and procedures. The Head of Financial Reporting & Controls will monitor and provide guidance on new accounting standards and analyze the impacts and changes expected in the OSCs financial statements. In addition the Head of Financial Reporting & Controls will be responsible for ensuring the appropriate design of controls within the finance operations function in addition to providing sound advice on controls across the organization as deemed necessary.

Key Duties and Responsibilities:

Financial Statement Oversight and Compliance

• Oversee a team of three corporate accountants providing leadership guidance development opportunities and support to ensure timely and accurate completion of the monthly financial close accounting and reporting activities.

• Foster an environment of continuous learning transformation critical thinking and efficiency opportunities.

• Prepare IFRS compliant financial statements.

• Prepare monthly and quarterly financial reports for Executive and Board presentations.

• Provide guidance and support to the Manager Finance on technical accounting research and accounting issues.

• Responsible for the implementation of new accounting standards.

• Ensure appropriate adoption and oversight of accounting changes.

• Prepare a reconciliation of IFRS developed financial statements against Public Sector Accounting Standards.

• Coordinate the preparation and submission of financial reports to internal stakeholders and the Ministry of Finance.

• Develop regular reporting on key financial indicators incorporating risk and opportunity assessments and recommendations to enhance financial strength controls and oversight (e.g. impairment risk and analysis).

• Drive initiatives to enhance the efficiency and effectiveness of financial processes leveraging technology and innovative practices.

• Lead initiatives to improve efficiency in financial workflows and processes

Financial Performance and Systems

• Oversee technical finance Workday issues and resolve on timely basis assigning responsibility to corporate accountants.

• Promote technical enhancements to Workday financial reporting fixed asset receivable and revenue modules to streamline processes and enhance effectiveness.

• Partner with the FP&A team to report on financial performance and assess financial opportunities and risks.

• Partner with OSC leaders to assist with executing enterprise-wide initiatives enhancing cross-functional engagement to achieve the OSCs strategy.

• Responsible for the development of financial dashboards (e.g. periodic fixed asset additions prepaid schedules etc.)

Compliance and Controls Oversight

• Oversee the audit of the OSCs financial statements.

• Responsible for review of appropriate system access rights for Finance and Administration division ensuring appropriate segregation of duties.

• Implement maintain and improve the design of effective and efficient internal controls over financial reporting (ICFR) within Finance operations and develop additional procedures to monitor their operative effectiveness regularly.

• Work directly with Senior leaders across the organization to provide advice to the OSC on the appropriate design of internal controls (e.g. to safeguard OSC assets).

• Responsible for liaising with Auditors of the ICFR program to ensure appropriate information is provided on a timely basis to allow for CFO and CEO ICFR certification.

• Design effective financial policies and procedures ensuring they remain appropriate in light of organizational changes and emerging trends

• Annually amend financial policies with the Audit and Finance Committee and Board.

Qualifications

• CPA designation required Chartered Accountant program preferred. Member is in good standing.

• Proven leadership and team management skills.

• 7 years of direct managerial experience in accounting auditing or finance function

• 10 years of direct experience in an accounting auditing or finance role.

• Minimum of five years of public accounting experience in the preparation or review of financial statements and note disclosures.

• IFRS experience is required.

• Excellent people management skills

• Undergraduate degree in Accounting or Finance

• Core competencies for this role include the ability to demonstrate critical thinking think outside the box and apply creative and constructive thinking to proposed recommendations for improvements to internal controls processes procedures and policies; good knowledge of organizations structures enterprise risk management and internal controls; the ability to work alone and to plan and execute projects with minimum supervision and to complete work within required deadlines; and has knowledge of the business objectives and processes of various and complex environments such as information technology operations human resources operations maintenance and security.

• Detailed-orientated self-started that takes great pride in delivering high-quality timely results.

• Organizational skills to identify prioritize and meet deadlines. Candidate must have a history of handling multiple assignments with a focus on details and precision.

• Proficiency in financial systems and software with experience in managing accounting systems.

• The level of responsibility in this role requires excellent communication influencing collaboration and listening skills with the ability to interact effectively with all levels of management and staff including presenting to the Audit and Finance Committee and Board.

• Having an understanding of the Canadian and international securities environment and how regulatory actions impact stakeholders is a strong asset.

Grow your career and make a difference working at the OSC.

* OSC Employees: please apply in Workday using the Browse Jobs feature within your Jobs Hub *

We thank all applicants for their interest in the Ontario Securities Commission. We will contact those selected for an interview.

The OSC is committed to diversity and providing an inclusive workplace and providing accommodation in accordance with the Accessibility for Ontarians with Disabilities Act and the Human Rights Code. It is our priority to ensure employment opportunities are visible and barrier-free to all under-represented groups including but not limited to Indigenous Black and racialized groups people with disabilities women and people from the 2SLGBTQI community to achieve an employee demographic profile reflective of the demographic profile of Ontarians.

The OSC is a proud partner with the following organizations: Ascend Canada BlackNorth Initiative Canadian Centre for Diversity and Inclusion and Pride at Work Canada

If you require an accommodationduringthe recruitment process please let us know by contacting our confidential inbox .

VisitAccessibility at the OSCto review the OSCs policies on accessibility and accommodation in the workplace.