Senior Financial and Regulatory Reporting Analyst

WHO WE ARE                                            

HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we’re passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage™ product.  
  

OUR VALUES, OUR PASSION

At HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other.  

• Customer-Focused. Passionate Advocates 
• Courage to Act. Do the Right Thing 
• One Team. One Vision 
• Think Long-Term. Ever-Evolving 
• Be Exceptional. Inspire Greatness

POSITION SUMMARY

The Senior Financial and Regulatory Reporting Analyst is a key contributor within the Finance team, responsible for the preparation, analysis, and delivery of the Bank’s external financial reporting, MD&A disclosures, and regulatory filings. This role plays an important part in ensuring the integrity of the Bank’s financial reporting framework while supporting the evolution of reporting processes, controls, and regulatory infrastructure as HomeEquity Bank transitions toward a Category 1 bank. This role offers the opportunity to gain deep exposure to banking regulatory frameworks, capital reporting, and financial disclosure in a growing federally regulated financial institution.

The Senior Financial and Regulatory Reporting Analyst reports directly to the Director, Financial and Regulatory Reporting.  The position collaborates closely with various stakeholders, including Finance leadership, Treasury, Compliance and Risk, and plays an active role in enhancing the accuracy, efficiency, and reliability of the Bank’s financial reporting environment.

MAJOR ELEMENTS OF THE ROLE

Financial Reporting

• Deliver quarterly and annual IFRS compliant financial statements for multiple entities in Workiva

• Perform detailed analytical review of financial results and underlying general ledger activity to ensure accuracy, completeness, and integrity of external disclosures

• Own the Workiva reporting environment, including document architecture, data linkages, and controls supporting the integrity of financial disclosures

• Support the automation and integration of financial data flows between Workday and Workiva to enhance the efficiency, accuracy, and reliability of financial and regulatory reporting

• Manage the preparation and analysis of complex accounting entries supporting the month-end close

• Prepare cashflow and other supporting schedules for financial statements and MD&A disclosures

• Consolidate and prepare support schedules for the monthly reporting package for senior leadership

• Design and enhance custom reporting within Workday to support evolving financial reporting and management insight requirements

• Prepare analysis and insights supporting reporting to the CFO, senior leadership, and Audit Committee, helping explain the drivers behind financial and regulatory results

• Support the implementation of new accounting standards and assess their impact on financial reporting and disclosures

• Assess and implement Workday updates and new releases that impact financial reporting to ensure system functionality aligns with accounting and reporting requirements

• Coordinate with internal and external auditors to support audit procedures, including responding to information requests and preparing supporting documentation for financial statements

Regulatory Reporting

• Own the preparation and submission of OSFI regulatory filings, including BCAR and Leverage Ratio returns, ensuring accuracy and compliance with prescribed filing deadlines

• Prepare CDIC returns, Statistics Canada and other regulatory returns as required

• Lead the preparation and enhancement of quarterly Basel Pillar 3 and B-20 disclosure

• Ensure compliance with regulatory reporting instructions, prudential standards, and evolving regulatory requirements

• Analyze and communicate key drivers of changes in regulatory capital ratios, supporting internal understanding of capital impacts

• Identify opportunities to enhance financial and regulatory reporting processes through automation, improved controls, and system enhancements

• Coordinate with internal and external auditors to support audit procedures for regulatory filings

• Partner with Treasury, Risk, and Finance leadership to assess the regulatory implications of new products, funding strategies, and business initiatives

Regulatory Transformation & Category 1 Readiness

• Contribute to the development of the Bank’s enhanced financial and regulatory reporting framework as part of transition to a Category 1 bank

• Participate in gap assessments and remediation initiatives related to regulatory reporting and disclosure

• Enhance capital and liquidity reporting processes, documentation, and internal controls to meet heightened OSFI expectations

• Support expansion of Pillar 3 disclosures and enhanced transparency requirements

Control and Compliance

• Maintain robust documentation, controls and audit-ready workpapers supporting financial and regulatory reporting processes

• Automate and enhance the 52-109 certification process

• Perform reconciliations between general ledger accounts and regulatory reporting systems

• Control testing as required

SKILLS AND EXPERIENCE REQUIRED

Qualifications and Technical Expertise

• Professional Designation, CPA (Certified Public Accountant)

• Bachelor’s degree in finance, accounting, or a related field

• 3-5+ years of experience in banking, financial services or public accounting  

• Experience interpreting OSFI guidelines (e.g. capital adequacy requirements) would be an asset

• Strong knowledge of accounting standards (IFRS), principles and financial reporting

• Familiarity with internal controls over financial reporting (ICFR) frameworks and processes

• Experience documenting processes

• Experience with financial reporting software and ERP systems would be an asset

Attributes

• Demonstrate exceptional attention to detail with clear ownership for accuracy, completeness, and audit-ready outputs

• Applies a continuous improvement mindset

• Effectively manages competing priorities while consistently meeting tight regulatory and financial reporting deadlines

• Exhibits strong analytical and research capabilities, translating complex financial and regulatory data into clear insights for decision-makers

• Communicates with clarity and confidence, building trusted, effective partnerships across Finance, Risk, Treasury, Compliance, and senior leadership

WORKING CONDITIONS UNIQUE TO JOB

• Hybrid office environment

WHY WORK AT HOMEEQUITY BANK?

Great Environment

HomeEquity Bank offers a hybrid working environment supported with a culture of flexibility – an approach that is unique to each person, and that enables both business and individual needs to be met in a mutually beneficial way.

We pride ourselves in recognizing and celebrating performance, community service, teamwork, and diversity among our employees.
 

A Dynamic Culture – With People at the Centre  

We believe our people make all the difference; our tireless commitment to inclusivity, professional development, and employee experience has been recognized through awards including the Greater Toronto’s Top Employers 2024,Waterstone Canada's Most Admired Corporate Cultures 2022-2023, the Globe and Mail's Report on Business: Canada's Top Growing Companies 2022 (third year since 2019), Canadian's Mortgage Professional (CMP) Top Mortgage Employer 2023 for the third year in a row and Achievers Top 50 Most Engaged Workplaces 2023. 
 

Growth and Opportunities
We provide challenging and rewarding careers in a wide variety of fields. We continuously develop and train our employees through professional growth opportunities and on-the-job training. We also encourage our employees to develop professionally and personally though a series of career developing programs including our Educational Assistance Program, designed to reimburse costs related to professional learning and development.

Celebrating Great Work and People

We believe in an environment that celebrates success, knowledge, leadership, and work that is inspired by our core values. For these reasons, we have created several programs that make it easy for our employees to say ‘great job’ to their colleagues and leaders.

From our Appreciate! Program to the High Five Award Program and President’s Award Program, we recognize professional achievement with a variety of rewards including points towards gift cards, merchandise, and travel experiences, as well as group RRSP/DPSP contributions and more.

Our Community Leadership Program recognizes employees who make a positive impact in their communities through volunteer work with a grant for their charity of choice. Additionally, we provide employees with one paid day off each year to volunteer at their favourite local charity.

The Perks (for eligible employees)

• HomeEquity Bank offers a competitive total rewards package that includes:

• Extended health and dental benefits

• Employee & Family Assistance Program

• Employer-Matched Group Retirement Savings Plan

• Employee Share Investment Plan

• Well-being initiatives including: a wellness account; virtual self-care programs and extended mental health benefits

• Employee corporate discount for GoodLife Fitness 
   

HomeEquity Bank is committed to an inclusive, equitable and accessible workplace. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Please note that our successful candidate is required to complete a background check.

Stay in the Know

Find out what we’re up to online, and learn more about what makes HomeEquity Bank a great place to work:

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Join Us! If you’re ready to build the future of reverse mortgages, we want to hear from you.