Chief Financial Officer (12949)

Toronto Transit Commission (TTC) • Full-time • Greater Toronto Area, Canada, CA • 1d ago

JOB INFORMATION

Department: Chief Financial Officers Office

Salary Information: We offer a competitive compensation package that aligns with the individual's qualifications, experience, and current market data.

Last Day to Apply: May 19, 2026

Reports to: Chief Executive Officer

The Toronto Transit Commission (TTC), North America's third largest transit system and recognized as one of the top places to work in the GTA has introduced its new 2024-2028 TTC Corporate Plan - Moving Toronto, Connecting Communities which continues the TTC’s legacy of delivering service to hundreds of millions of customers a year. The TTC’s new vision and mission statements also help promote the many environmental, social equity and economic benefits that the TTC provides:

Vision: Moving Toronto towards a more equitable, sustainable, and prosperous future.

Mission: To serve the needs of transit riders by providing a safe, reliable, efficient, and accessible mass public transit service through a seamless integrated network to create access to opportunity for everyone.

The full Plan can be viewed on ttc.ca.

Please see TTC website for full posting

POSITION SUMMARY

As Chief Financial Officer (CFO), you will report to the Chief Executive Officer and provide strategic leadership and stewardship of TTC’s Group Finance function. You will deliver enterprise‑wide financial leadership, long‑term planning, and value creation in support of the organization’s sustainability, resilience, and long‑term transit and mobility investment priorities.

You will act as a trusted advisor to the CEO, executive leadership team, Board, and municipal and provincial stakeholders, guiding financial decision‑making in a complex, highly visible, and capital‑intensive public sector environment. Your leadership will ensure that financial strategies, funding models, and investment decisions align with TTC’s long‑term service, infrastructure, and organizational objectives.

Leading all Group Finance operations, you will drive performance excellence, modernize financial systems, and strengthen data, analytics, and reporting capabilities. Beyond financial stewardship, you will be a catalyst for enterprise strategy, transformation, and accountability—supporting strong service outcomes and a positive societal impact.

SCOPE & RESPONSIBILITIES

Enterprise Strategy, Financial Leadership & Transformation

Co‑lead the development and execution of TTC’s enterprise strategy, aligning financial plans, capital investments, and operational priorities.
Translate strategic objectives into clear financial roadmaps, investment themes, and funding strategies.
Provide independent challenge and insight on major decisions, including network expansion, service models, and partnerships.
Advise the CEO and Board on financial risks, opportunities, and investment priorities supported by robust multi‑year modeling and scenario planning.
Co‑lead enterprise transformation initiatives, embedding financial discipline into cost optimization, digital transformation, service redesign, and productivity improvement.

Financial Stewardship, Budgeting & Governance

Oversee multi‑billion‑dollar operating and capital budgets, ensuring strong cost management and performance‑based budgeting.
Ensure transparent, accurate, and timely financial reporting to internal and external stakeholders.
Maintain strong financial controls, governance frameworks, and compliance with public‑sector accounting, procurement, and regulatory requirements.
Oversee enterprise risk management, with primary accountability for financial risk and oversight of broader operational and regulatory risks.

Capital Allocation, Investment & Infrastructure Funding

Lead the prioritization and optimization of TTC’s multi‑billion‑dollar capital and investment portfolio, including infrastructure, fleet renewal, and digital systems.
Establish and oversee rigorous investment appraisal and value‑for‑money frameworks (e.g. NPV, whole‑life cost, socio‑economic impact).
Govern a rolling 3–5-year enterprise project portfolio, ensuring disciplined business case approval, performance monitoring, and value realization.
Lead financing strategies for major capital programs, including bond issuance, grants, and public‑private partnership (P3) structures.

Stakeholder Leadership & Organizational Capability

Serve as TTC’s primary financial liaison with municipal, provincial, and federal stakeholders, navigating complex funding and appropriation environments.
Communicate financial strategy, risks, and performance to governments, oversight bodies, media, and the public in partnership with TTC Communications.
Lead and mentor a large, multidisciplinary finance organization, fostering a culture of integrity, accountability, innovation, and continuous improvement.
Champion modernization of financial systems, data, analytics, and digital tools to strengthen decision‑making and transparency.
Ensure accessibility and accommodation obligations are met in accordance with the Ontario Human Rights Code, supporting TTC’s mandate as both a service provider and employer.
Perform related duties as assigned.

KEY SKILLS & EXPERTISE

Extensive senior-level financial leadership experience in public transit, large public-sector organizations, or capital-intensive industries.
Proven experience in formulating and managing multi-billion-dollar budgets and complex funding portfolios. Deep understanding of public finance, capital markets, and government funding mechanisms.
Exceptional leadership and stakeholder engagement skills in politically sensitive and rapidly changing environments.
Highly advanced knowledge of strategic planning, risk management, and regulatory compliance.
Thorough knowledge of policies and government legislation applicable to all areas of responsibility.
Sound judgement, highly developed strategic planning, organizational, decision-making, interpersonal and oral and written communication skills.
Highly decisive with superior analytical, problem-solving, facilitation, negotiations and presentation skills.
Ability to coordinate diverse areas of responsibility with due regard for quality, quantity, effectiveness and deadlines.
Ability to effectively lead a multidisciplinary team resulting in a work environment conducive to positive employee morale, a commitment to customer satisfaction and high delivery of service.
Demonstrated commitment to equity, sustainability, and public service values.
Must have or rapidly acquire a comprehensive knowledge of the Ontario Human Rights Code and Related Orders including disability accommodation and accessibility requirements.

EDUCATION & PROFESSIONAL CREDENTIALS

Bachelor’s degree in Finance, Accounting, Business Administration, Economics or related field combined with extensive and progressively responsible experience at the executive level.
CPA designation or equivalent is required; CFA or MBA is considered a very desirable asset.

Commitment to EDI

The TTC is committed to upholding the values of equity, diversity, anti-racism and inclusion in the delivery of its services and in its workplaces. The TTC is committed to fostering a diverse workforce that is representative of the communities it serves at all levels of the organization and supports an inclusive environment where diverse employee and community perspectives and experiences bring value to the organization. The TTC encourages applications from all applicants, including members of groups with historical and/or current barriers to equity, including but not limited to, Indigenous, Black and racialized groups, people with disabilities, women and people from the LGBTQIA+ community. The TTC values and supports an inclusive and barrier-free recruitment and selection process. Accommodations for applicants are available upon request throughout the recruitment and selection process, including for those who identify as having a disability. Please contact Talent Management at (416) 393-4570 or Jobs@ttc.ca . Any information received related to an accommodation will be addressed confidentially.

General Prohibition in Hiring Process

The TTC is also committed to a fair hiring process based on job related qualifications, merit, and abilities. You are expected to write your own materials and provide your own qualifications and experiences during the hiring process. The TTC will not tolerate the use of artificial intelligence or external resources in any of your submissions or responses, or the disclosure of interview questions to others. By submitting your application, you acknowledge and agree to the following:

The use of any artificial intelligence (AI) tool including, but not limited to, ChatGPT and Microsoft Copilot, to generate or produce any information or materials to be submitted or any response to any assessment question or any interview question, is prohibited.
All information and materials you submit, including resume, cover letter, and assessment responses, are your own original work without the use of any AI tool
During any interview, your response to any interview question is your own without the use or assistance of any AI tool or any person.
You will not disseminate or disclose to any person any interview question.

Should you breach the prohibition of AI tool use, or information dissemination or disclosure, you will be in violation of TTC’s hiring process and TTC may withdraw your application and may prohibit you from participation in the TTC hiring process.

Relatives of TTC Employees

The TTC’s policy prohibits relatives of current TTC employees from being hired, assigned, transferred or promoted into positions, where there is a conflict of interest due to a relationship. Should you be selected for an interview, you will be required to disclose the name, relationship and position of any relative who is a current TTC employee.