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CIBC

Senior Manager, Domestic Tax Planning & Compliance

Posted 4 Days Ago
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In-Office
Toronto, ON, CAN
Senior level
In-Office
Toronto, ON, CAN
Senior level
The Senior Manager oversees tax compliance and planning for CIBC, ensuring regulatory adherence, preparing tax returns, and providing strategic tax advice.
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We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.

At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

To learn more about CIBC, please visit CIBC.com

What you'll be doing

As part of the Finance group at CIBC, you’ll play a crucial role in providing financial services through effective governance and decision support processes. As the Senior Manager, Domestic Tax Compliance & Regulatory Governance, you’ll help manage the income tax compliance process and work on a broad range of Canadian domestic income tax technical planning and tax accounting projects. You’ll provide support and tax advice to stakeholders across CIBC, ensuring that new business initiatives, projects, and legislative changes are properly reported for tax purposes. You’ll serve as the central point of contact for regulatory, compliance, data, and business initiatives involving the Tax function, and monitor CIBC Taxation’s adherence to enterprise-wide regulatory compliance management policies. Your expertise will ensure that CIBC’s tax function operates efficiently, reduces risk, and remains compliant with evolving regulations.

At CIBC we enable the work environment most optimal for you to thrive in your role. You'll have the flexibility to manage your work activities within a hybrid work arrangement where you'll spend 1-3 days per week on-site, while other days will be remote.

How you'll succeed

  • Tax Planning and Compliance – Keep up to date with legislative and administrative changes in Canadian domestic tax rules, and assist with monthly and quarterly income tax provision calculations and tax balance sheet maintenance for the Parent Bank.
  • Income Tax Return Preparation – Prepare Canadian federal and provincial income tax returns for the Parent Bank, ensuring accurate and timely filing of all tax forms and elections.
  • Technical Analysis and Guidance – Analyze proposed and enacted Canadian legislation, regulations, and court cases to determine their impact, and prepare technical memos and guidance on domestic income tax matters.
  • Strategic Project Implementation – Participate in the implementation of strategic projects, new business initiatives, and special projects, while monitoring ongoing tax accounting and reporting requirements.
  • Regulatory Compliance– Serve as the accountable officer for the tax team’s Regulatory Compliance Management (RCM) Oversight Function, ensuring compliance obligations are met and overseeing risk assessments and effectiveness monitoring activities.
  • Risk Management – Collaborate with relevant tax teams to identify risks associated with tax processes and procedures, assess the impact, and document findings. Oversee completion of quarterly risk assessments, effectiveness and monitoring activities; address and resolve any deficiencies identified.
  • Process & Controls Management – Ensure that appropriate regulatory compliance processes and controls are in place and operating effectively to meet the requirements of the Regulatory Compliance Policy and relevant tax regulations. Develop tax policies, procedures, controls, and maintain tracking of tax-related Business Managed Technology (BMTs) and End User Computing (EUC) tools globally.
  • Data Governance – Act as the key point of contact for Taxation to meet Finance’s Data Governance objectives and requirements, as well as broader risk and regulatory objectives, and drive compliance across Taxation.
  • Process Improvement – Continuously evaluate internal processes to enhance efficiency, reduce tax risk, and recommend process enhancements in response to regulatory changes.

Who you are

  • You’re a certified professional. You have current accreditation and good standing in the Chartered Professional Accountant (CPA) designation (preferably CPA, CA) and have completed Levels I and II of the CPA Canada In-Depth Tax Course or Master of Taxation.
  • You can demonstrate a minimum of 7 years of experience in corporate tax reporting within a large public accounting firm or a large multi-national financial institution.  In addition, you’re proficient with technology and comfortable with Microsoft Office products.  It’s an asset if you have experience with Alteryx, Tableau, Power BI, Power Query, and other related AI applications.
  • Your influence makes a difference. You know that relationships and networks are essential to success. You inspire outcomes by sharing your expertise.
  • You're digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends.
  • Values matter to you. You bring your real self to work, and you live our values - trust, teamwork, and accountability.

#LI-TA

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

  • We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

  • Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

  • We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions

What you need to know

  • CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact [email protected]

  • CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.

  • You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

  • We may ask you to complete an attribute-based assessment and other skills test (such as simulation, coding, French proficiency).

  • We use artificial intelligence tools during the recruitment process. Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location

Toronto-81 Bay, 26th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Decision Making, Domestic Taxation, Financial Reporting and Analysis, Income Tax Compliance, Tax Accounting, Tax Analysis, Tax Compliance, Tax Legislation, Tax Planning, Tax Provisions, Tax Reporting
HQ

CIBC Toronto, Ontario, CAN Office

Square, 81 & 141 Bay, Toronto, Ontario, Canada

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