Shinhan Bank Canada (SHBC) is part of the global Shinhan Financial Group, one of South Korea's leading financial institutions. At SHBC, we provide a full range of financial services including everyday banking, mortgages and loans - delivered with deep local expertise and global insight.
Join a workplace where your contributions are valued and your professional development supported. At SHBC, you'll be part of a collaborative culture where every voice matters and your efforts directly impact the communities we serve.
Primary Purpose of the Role/Job
The Chief Financial Officer (CFO) is responsible for providing strategic financial leadership and ensuring the integrity, accuracy, and compliance of the Bank’s financial management, reporting, treasury operations, and regulatory governance. The CFO oversees Finance, Accounting, Treasury, Corporate Tax, and Financial Planning functions, ensuring alignment with Canadian banking regulations, IFRS standards, and the Bank’s strategic priorities.
Key Responsibilities & Accountabilities
Accounting and Financial Reporting
- Provide leadership and subject-matter expertise on accounting and financial reporting matters, ensuring compliance with IFRS and internal accounting policies.
- Oversee the preparation and analysis of financial statements and management reports for the CEO, Senior Management, Audit Committee, and the Board of Directors.
- Supervise, guide, and support the Accounting team on complex accounting matters.
- Ensure effective management of the Bank’s Expected Credit Loss (ECL) including methodology and documentation
- Research, assess, and document accounting impacts from new or revised accounting standards, regulatory requirements, and new product initiatives.
- Lead the implementation of new IFRS standards, including IFRS 18 and any future IFRS changes applicable to the Bank.
- Lead the implementation of changes to OSFI Accounting reporting requirements and ensure timely, accurate submission of regulatory returns.
Financial Governance and Corporate Tax
- Ensure the integrity of the Bank’s financial reporting and regulatory governance framework, aligning financial operations with OSFI and any other regulatory requirements.
- Evaluate and recommend changes to Treasury and Accounting policies, guidelines and manuals to support sound financial governance.
- Oversee financial compliance with all Bank policies, internal controls, procedures, and governance standards.
- Lead and manage all CDIC related return filings in cooperation with related departments
- Lead and manage all internal, external, tax, and regulatory audits, including OSFI reviews and Parent Bank audits.
- Provide oversight of the Bank’s budgeting and accounts payable functions.
- Provide leadership and subject-matter expertise on corporate taxation matters, ensuring compliance with related Tax regulations.
- Lead the preparation, review, and filing of corporate tax returns and indirect tax obligations (GST/HST, provincial tax filings)
Treasury and Asset-Liability Management (ALM)
- Provide strategic direction and analytical guidance to the Treasury team.
- Lead the Asset–Liability Committee (ALCO) and report directly to the CEO on ALM matters.
- Ensure effective management of funding costs, liquidity risk, and interest rate risk, including monitoring and mitigating balance sheet mismatch risks.
- Develop wholesale funding and investment strategies aligned with policy rate outlook, market conditions, and the Bank’s asset growth objectives.
- Oversee Liquidity Risk Management, including LCR/NCCF reporting, Liquidity Stress Testing, Liquidity Contingency Planning, and Daily Liquidity Activity Monitoring.
- Oversee Capital Adequacy Management, including RWA monitoring, BIS & Leverage Ratio management, and BCAR & Leverage Ratio reporting.
- Lead the implementation of changes to OSFI Treasury reporting requirements and ensure timely, accurate submission of regulatory returns.
- Provide recommendations on ALM strategies to business units and relevant stakeholders.
Financial Plan and Analysis
- Lead the development of the annual financial plan, forecasts, and periodic updates.
- Provide financial and strategic insights to support business planning, new product evaluations, and market assessments.
- Conduct financial analysis to support decisions on accounting policies, new business opportunities, and regulatory developments.
- Support the CEO, Senior Management and the Board with forward-looking analytics and performance insights.
Internal Control and Risk Management
- Ensure financial compliance with applicable laws, regulations, and prescribed banking practices across all jurisdictions in which the Bank operates, in coordination with related departments
- Develop and implement robust internal control processes to identify issues, assess risks, and ensure timely remediation with clear action plans.
- Promote a strong risk management culture through regular training, communication, and staff engagement.
- Ensure effective financial risk management practices are embedded across all finance-related operations.
Qualifications & Competences
- CPA, CA, CTP or equivalent professional accounting designation required.
- Extensive experience in financial management within a Canadian federally regulated financial institution preferred.
- Strong knowledge of IFRS, OSFI regulatory frameworks, corporate taxation, ALM, treasury operations, and financial governance.
- Proven leadership, communication, and Board-level presentation skills.
Job Requirements
Work Experience Requirements
- Minimum of 15 years of relevant experience
- Experience with industry best practices and professional standards
- Proven ability to implement strategies for effecting change, enterprise thinking and the ability to effectively gain buy in to large scale enterprise implementation of programs
- Superior interpersonal and leadership skills, oral and written communication and ability to anticipate and guide the impact of legislative/regulatory changes on the Bank
Professional Certification/Membership Requirements
- Accounting and Finance related designation CPA (CGA,CMA,CA), CTP
At Shinhan Bank Canada, we are committed to creating and maintaining a diverse, inclusive and accessible workplace. We believe that a collaborative and diverse team strengthens our organization and reflects the communities we proudly serve. You will be supported and empowered to realize your full potential as we work together to shape the future of banking. Our recruitment process is designed to be fair and inclusive. If you require accommodation at any stage of the hiring process, please let us know - we will work with you to meet your needs.
Only candidates selected for an interview will be contacted.
