Controller Finance Full Time

SBI Canada Bank (“SBIC”) is a Schedule II bank and is the subsidiary of India’s largest bank, State Bank of India. The Bank is operating in Canada since 1982 and provides retail and corporate banking services. SBIC has grown organically, spreading its retail and digital banking solutions across provinces of Ontario and British Columbia. We are focused on growth by further expanding our digital offerings, branch footprint and partnerships.

Job Tittle- Controller Finance

SBI Canada Bank is currently recruiting for Controller- Finance. This position will report to the CFO and will be primarily responsible for performing the following functions.

Our remuneration package includes an attractive base salary, a variable component in the form of annual bonus, other key plans such as health and well-being benefits including medical, dental, vision & mental health coverage, paid time off, and concessional banking benefits.

Location: Downtown Toronto (Financial District); on site attendance 5 days per week

Job Description:

·    Responsible for accuracy of financial statements including Trial Balance, Balance Sheet, Income Statement, Deposit/Loans

·     Prepare strategic business plan, annual business plan, various scenarios of financial projections and perform in-depth analysis.

·     Ensure timely preparation and submission of direct taxes and indirect taxes (annual returns, monthly withholding tax, monthly payment of taxes, CRA audits)

·     Reporting to Canada Revenue Agency (CRA) related to FATCA & CRS requirements.

·    Coordinate with the external auditors for annual audit of financial statements including managing communications and requirements with various stakeholders.

·    Preparing and submit various regulatory reports to Office of Superintendent of Financial Institutions (OSFI), Statistics Canada and Bank of Canada (BoC)

·      Manage reporting to Canada Deposit Insurance Corporation (CDIC) to ensure compliance with the CDIC Act

·      Responsible for submitting monthly, quarterly and annual reporting to the Parent Bank

·   Responsible for reporting requirements under OSFI Liquidity Adequacy Requirements (LAR) and Capital Adequacy Requirements (CAR) guidelines to always ensure compliance.

·      Manage reporting obligations under International Financial Reporting Standards (IFRS)

·     Establish and maintain accounting policies and procedures and provide guidance to ensure consistency across the bank

·     Ensuring compliance with internal and external risk and compliance guidelines and obtain satisfactory rating in various review/audits.

·      Manage staff in the finance department and assist them, as needed in their daily tasks.

·      Assist CFO in various projects & special reporting requirements assigned from time to time

Qualifications and skill set:

Education: Graduate in the stream of Finance, with CPA or equivalent designation with advanced MS Excel skills.

Experience: Minimum 5 years of experience in Finance department in a Canadian bank

Industry: Banking/Financial Services

Location: Onsite

Employment Type: Full-time

Compensation Ranges: CAD 75k-130k based on experience

The above statements are intended to describe the general nature and level of work to be performed, detailed KPI’s would be provided at the time on onboarding. They are not intended to be construed, as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.

• While we thank all applicants, only those under consideration for the position will be contacted. If you require accommodation during any stage of the recruitment process, please notify Human Resources at careers@sbicanada.com. We encourage applicants from diverse backgrounds that enhances our commitment towards inclusivity and diversity in the workplace. We dedicate ourselves to employment equity and providing accessible employment practices. Any information obtained during recruitment will be used for employment purposes only.