Manager, Finance - Deposit & Money Movement
Toronto, Ontario, Canada
Full Time
1 day ago
$105,000 - $135,000 CAD
Key skills
SQLAIArtificial IntelligenceBITableauPower BIOracleSAPLeadershipCommunication
About this role
Questrade Financial Group (QFG), through its companies - Questrade, Inc., Questrade Wealth Management Inc., Community Trust Company, Zolo, and Flexiti Financial Inc., provides securities and foreign currency investment, professionally managed investment portfolios, mortgages, real estate services, financial services and more. Questrade uses cutting-edge technologies to develop innovative products that give customers better, more affordable ways to take control of their money.
We are everything a traditional financial institution is not. At QFG, you will be constantly moving forward, bringing the future of fintech into existence. You will be a part of a collaborative team that cares deeply about our mission and each other. Your team members will help you conquer challenges, push boundaries and discover what you are truly capable of.
At QFG, we have a culture of innovation where technology serves people—both our team and our customers. We see AI as a collaborative and transformative enabler, and we are seeking forward-thinking individuals who can effectively integrate it into their daily work. The ideal candidate will be a catalyst for change, helping us use AI to create a more efficient and rewarding employee experience while also developing cutting-edge solutions that delight and serve our customers. Join us in shaping a future where AI empowers our team to do their best work and helps us deliver unparalleled customer experiences.
This is a place where you can explore, discover and learn with continuous growth. As a diverse and inclusive place to work, with a hybrid working environment you can unleash your creativity and curiosity with no limits. If you share the same sense of infinite possibility, come shape your future at QFG.
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
At Questrade Financial Group of Companies, with multiple office locations around the world, we are committed to fostering a diverse, inclusive and accessible work environment. This is an environment where individuals are treated with dignity and respect. Here, the unique skills and experience you bring will be valued. You will be supported and motivated, so that you can harness your unlimited potential. Our team reflects the diversity of the communities we serve and operate in. Having a collaborative and diverse team helps us push boundaries to bring the future of fintech into existence—not only for the benefit of our customers, but for those who build their career with us.
Questrade Financial Group of companies Applicant Tracking System utilizes artificial intelligence (AI) for application screening. The AI system operates on predetermined criteria, with final decisions subject to human review.
Candidates selected for an interview will be contacted directly. If you require accommodation during the recruitment/selection process, please let us know and we will work with you to meet your needs.
We are everything a traditional financial institution is not. At QFG, you will be constantly moving forward, bringing the future of fintech into existence. You will be a part of a collaborative team that cares deeply about our mission and each other. Your team members will help you conquer challenges, push boundaries and discover what you are truly capable of.
At QFG, we have a culture of innovation where technology serves people—both our team and our customers. We see AI as a collaborative and transformative enabler, and we are seeking forward-thinking individuals who can effectively integrate it into their daily work. The ideal candidate will be a catalyst for change, helping us use AI to create a more efficient and rewarding employee experience while also developing cutting-edge solutions that delight and serve our customers. Join us in shaping a future where AI empowers our team to do their best work and helps us deliver unparalleled customer experiences.
This is a place where you can explore, discover and learn with continuous growth. As a diverse and inclusive place to work, with a hybrid working environment you can unleash your creativity and curiosity with no limits. If you share the same sense of infinite possibility, come shape your future at QFG.
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
At Questrade Financial Group of Companies, with multiple office locations around the world, we are committed to fostering a diverse, inclusive and accessible work environment. This is an environment where individuals are treated with dignity and respect. Here, the unique skills and experience you bring will be valued. You will be supported and motivated, so that you can harness your unlimited potential. Our team reflects the diversity of the communities we serve and operate in. Having a collaborative and diverse team helps us push boundaries to bring the future of fintech into existence—not only for the benefit of our customers, but for those who build their career with us.
Questrade Financial Group of companies Applicant Tracking System utilizes artificial intelligence (AI) for application screening. The AI system operates on predetermined criteria, with final decisions subject to human review.
Candidates selected for an interview will be contacted directly. If you require accommodation during the recruitment/selection process, please let us know and we will work with you to meet your needs.