Full Time
Toronto, ON
Posted 2 years ago

TMX Group Limited

The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets.

United as a global team, we’re connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we’re powering some of the nation’s most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.

Ready to be part of the action?

Working in Finance as part of the Finance Business Partnering (FBP) team, this role forms part of a core FBP central team that supports BU FBPs, other functions in finance, and the enterprise as a whole.
The Director has a team of 2-3 and will leverage resources across the central FBP team. The role oversees the enterprise cost allocation framework and will lead the Finance function’s effort to stand up the capabilities to measure and improve delivery of finance processes. Specifically, it will lead major enhancements to group-wide cost allocation processes and transparency to better demonstrate service value and improve enterprise focus. The Director will also be responsible for finance business partnering for enterprise corporate functions, namely Global Enterprise Services (GTS), Finance, HR, and Legal & Corporate Affairs (LCA).

Reports to: VP, Finance Business Partnering

Key Accountabilities:

Cost Allocation (Shared Services) Model

Ownership of the enterprise-wide cost allocation framework, spanning legal entities and operating segments
Lead design and structure of model, including tools, principles, governance, regulatory compliance, and tax compliance
Provide detailed transparency to senior management and BU FBPs of core drivers and outcomes, with specific focus on deepening understanding of value provided and where BUs can influence shared services costs
Provide improved variance analysis (i.e., to budget or prior periods) that is easily understood by senior management; assist FBPs with their stakeholder interactions to improve confidence in model integrity
Partner closely with team members to confirm data capture and GL reporting structures improve and optimize straight-through-processing
Conduct specific business analysis on core enterprise cost drivers
Enhance rigour and control framework of model updates and design
Build model flexibility and adaptability for a frequently changing corporate structure (e.g., M&A)
Collaborate with external auditors on quarterly reviews and annual audits
Improve efficiency of model updates and monthly/quarterly journals; leverage automated tools where possible
Build roadmap for next future generation of higher maturity model and framework

Finance Business Partnering – Corporate Functions (CFs)

Provide financial leadership, guidance, and governance to 4 corporate functions: Global Enterprise Services (GTS), HR, Finance, and Legal & Corporate Affairs (LCA)
Accountable for the consolidated planning (Budgets, Long-Term Plans and Forecast) deliverables for the CF
Recommendation of process improvements and identification of cost savings opportunities/efficiencies
Support deeper understanding of GTS technology cost base, supporting the fast changing technology landscape and further adoption of cloud services
Decision support & analysis: initiative modeling/tracking and business case development, including the review and monitoring of external contracts and services provided by suppliers to ensure that these are operating effectively and provide the best value to the BU
Development and implementation of performance measures, monitor and adjust on a regular basis
Leveraging deep accounting and IFRS knowledge, ensure all financial information that populates the CF financial statements is accurate and complete including month-end and quarter-end management reporting and analysis

Finance Process Measurement

Lead measurement, benchmarking, and analysis of the delivery of finance processes, with priority to accounting close and external reporting
Commence measurement of finance department work, including design, data capture, reporting, and insights

Must haves:

CPA designation
10+ years of progressive finance experience
Strong organizational, analytical and conceptual skills, able to work at a high level and in detail while managing challenging priorities in an ambiguous and complex environment
Effective and positive management style supporting staff through example, coaching and development and working effectively across organizational lines to promote an effective team-based environment with employees and management
Strong technical skills, including Excel (pivot tables, model building, model auditing) and knowledge of financial systems structure
Strong financial analysis skills, ability to undertake research
Leverage excellent verbal and written communication skills by tailoring messages according to audience with a customer centric approach
Strong problem-solving and critical thinking skills
Excellent ability to influence with a collaborative nature and team player mentality

Nice to haves:

Software industry or capital markets
CFA designation
Workday Financials / HCM
Google Suite of Tools for Work (Sheets, Docs, Slides)

In the market for…

Excitement – Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success.

Connection – With site hubs in some of the world’s most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.

Impact – More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, our employee-led Team Impact spreads social good via our giving strategy.

Wellness – From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger “we”. Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived!

Growth – From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.

Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX? Apply now.

TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.