Director, Treasury Controls, Risk and Banking

4 weeks ago

Eastern Ontario, Canada Sun Life Financial Full time

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

About the role

The Corporate Treasury team has responsibility for the group treasury function at Sun Life.

Reporting to the AVP, Treasury, the Director Treasury Controls, Risk and Banking has accountability for managing the finance, risk and bank relations activities for the Capital Planning & Treasury departments including financial reporting and expense management, risk management and bank relationship activities for North American banking partners. Within Treasury, the Director is responsible for accounting functions with emphasis on ensuring the integrity of the cash accounting and its impact to financial reporting, governance, and controls ensuring compliance to defined standards, policies, and guidelines.

This position will provide a unique opportunity to be involved in the development of a world-class treasury operation with a goal to improve treasury management and decision making within a consistent risk / return framework.

What you'll be doing

  1. Manage and ensure compliance with the risk and compliance activities across Treasury and Capital Planning including acting as the Business Unit Compliance officer (BUCO) and Operational Risk Officer (ORO).
  2. Manage the accounting and reporting activities with respect to banking/treasury for Sun Life Financial.
  3. Oversee and sign off on bank reconciliations for SLF North America.
  4. Provide leadership for Treasury financial reporting activities including weekly, month end, and quarter end deliverables. Includes responsibility for generation of global bank balance reporting.
  5. Work with Asset Liability Management, Corporate Investments, and Corporate Treasury to improve the reporting and risk management process around notional cash forecasting.
  6. Oversee compliance activities for treasury accounting, including bank reconciliation, accounting, audit, and applicable SOX controls.
  7. Work closely with Corporate Treasury, DBTS and business groups globally to support Frontier reconciliation system.
  8. Oversee the fixed assets accounting processes for SLF North America with work outsourced to SLGSI.
  9. Manage the expense budgeting, forecasting and variance analysis for the Treasury and Capital Planning teams.
  10. Manage the Treasury chargeback models ensuring appropriate distribution of Treasury costs to business partners.
  11. Ownership of cash management component of North American banking relationships in alignment with policy requirements.
  12. Manage contractual negotiations across North American bank relationships (25+ banks) related to bank fees.
  13. Monitor operating cash balances and manage earnings credit and interest arrangements to ensure optimal income is received by Sun Life.
  14. Manage reporting and analysis of bank fees and benchmarking activities for North American banking partners.
  15. Oversee North American and Corporate global banking documentation processes including account open/close, KYC and service contracts.
  16. Business continuity lead for Treasury and Capital Planning.
  17. Support other business process activities and initiatives as required across the broader Treasury team including addressing the impact of acquisitions or divestitures.
  18. People leader establishing performance goals, coaching, development and succession planning for direct reports.

What you'll need to succeed

  1. CPA designation and post secondary degree or diploma in accounting, business, technology or a related field.
  2. Ten or more years treasury/finance related experience.
  3. Deep knowledge of financial reporting and internal controls.
  4. Ability to manage complex financial concepts and financial structures.
  5. In depth knowledge of banking products and services in North America.
  6. Senior level experience with third party vendor management including contractual, pricing and service management.
  7. In depth knowledge and experience managing compliance and risk activities with a financial services environment.
  8. Strong organizational and decision making skills.
  9. Strong communication, decision making and organizational skills.
  10. Superior leadership skills including people management exhibited through previous team management experience.
  11. Demonstrated ability to multitask and handle conflicting priorities in a team based environment.
  12. Protected B certification / ability to get Protected B status.

What's in it for you

  • Being a member of the Sun Life family, a group of people united by our Purpose: to help Clients and Employees achieve lifetime financial security and live healthier lives.
  • In 2024, Sun Life ranked among the top 100 most sustainable global corporations by Corporate Knights for the 15th consecutive year, leading Canadian insurers.
  • We are proud to be on the 2024 Best Workplaces in Canada list by Great Place to Work.
  • We’re also listed as one of the Best Workplaces for Women and Best Workplaces with Most Trusted Executive Teams.
  • Our unique Sabbatical Program gives you the opportunity to take up to 6 weeks off, every five years.
  • Care Days available for self-care or care of others (i.e., family or others you may support) and Sick Days to support your well-being.

The Base Pay range is for the primary location for which the job is posted. It may vary depending on the work location of the successful candidate or other factors. In addition to Base Pay, eligible Sun Life employees participate in various incentive plans, payment under which is discretionary and subject to individual and company performance. Certain sales focused roles have sales incentive plans based on individual or group sales results.

Diversity and inclusion have always been at the core of our values at Sun Life. A diverse workforce with wide perspectives and creative ideas benefits our clients, the communities where we operate and all of us as colleagues. We welcome applications from qualified individuals from all backgrounds.

Persons with disabilities who need accommodation in the application process or those needing job postings in an alternative format may e-mail a request to thebrightside@sunlife.com.

At Sun Life we strive to create a flexible work environment where our employees are empowered to do their best work. Several flexible work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.

Salary Range:

105,000/105 000 - 180,000/180 000

Job Category:

Finance

Posting End Date:

25/02/2025

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