Venture outside the ordinary - TMX Careers
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?
The
Managing Director, Digital Finance serves as the senior finance leader accountable for leading the strategic transformation of Finance operations across systems, data, reporting, business processes, and artificial intelligence. In this business leadership capacity, you will establish priorities, set governance standards, and ensure sustained adoption and measurable value creation. Operating as the primary business counterpart to Technology and working in close partnership with the Chief Financial Officer and senior leadership, you will oversee the strategic roadmap to replace manual, fragmented workflows with a trusted, single source of financial data and insight that accelerates enterprise decision-making and supports global growth.
Reports to: Chief Strategy and Innovation Officer
Job Location: Hybrid (2–3 days/week in office) – based in Toronto, ON.
Key Accountabilities
Finance Transformation & Portfolio Delivery
- Own and champion the multi-year Digital Finance roadmap and unified backlog across the CFO organization, prioritizing initiatives by business value, control requirements, readiness, effort, and operational cost in close collaboration with Technology.
- Sponsor and drive end-to-end process redesign across record-to-report, plan-to-perform, procure-to-pay, and order-to-cash workflows to modernize core operations.
- Establish robust business cases for all digital initiatives, tracking adoption metrics, cycle-time reductions, redeployed capacity, and internal control enhancements.
- Authorize the decommissioning of legacy reports, spreadsheets, and manual steps following the rigorous validation of modern digital replacements.
Finance Systems & Core Architecture
- Act as the accountable Finance business owner for Workday Financials and Workday Adaptive Planning in collaboration with Controllership and FP&A process owners, establishing high standards for clean data capture, straight-through processing, chart-of-accounts governance, and audit-ready planning workflows.
- Ensure Workday configurations align with enterprise best practices, spearheading the design and ongoing governance of the Foundation Data Model (FDM) to support scalable accounting, reporting, and analytics requirements.
- Partner with Technology, external implementation specialists, and Workday to conduct recurring architecture reviews and remediate configuration gaps.
- Oversee and approve the business roadmap for the broader finance application ecosystem (close management, consolidations, billing, accounts payable, expense management, treasury, and tax), actively identifying rationalization opportunities.
- Align application release schedules with the financial close calendar, collaborating with Technology, Risk, and Internal Audit to enforce rigorous segregation of duties, access controls, and Internal Control over Financial Reporting (ICFR).
Finance Data, BI & Analytics
- Direct the team responsible for designing, building, and operating finance data models, data pipelines, and certified financial data products on Snowflake, establishing a single source of truth across all global entities.
- Establish robust semantic layer governance, ensuring every certified data product possesses an assigned Finance owner, approved definitions, and ongoing reconciliation to general ledger accounting outputs.
- Oversee Finance’s enterprise Business Intelligence (BI) capabilities and visualization standards, transitioning teams from static reporting to dynamic, interactive dashboards and executive decision environments utilizing tools such as Amazon QuickSight and native cloud analytics capabilities.
- Accelerate data-driven insights across Finance by collaborating with Finance Business Partners and operational data teams to integrate financial and operational drivers, including trading, clearing, listings, and market data subscriptions.
Applied AI & Intelligent Automation
- Identify, prioritize, and oversee the rollout of high-impact finance AI use cases - such as variance analysis, exception triage, predictive forecasting, narrative document synthesis, and anomaly detection - ensuring each deployment maintains clear quality thresholds, human-in-the-loop oversight, and independent model validation.
- Drive end-to-end automation of data collation, reconciliation, and distribution throughout the reporting cycle while safeguarding professional financial judgment and formal authorization checkpoints.
Market Innovation & Continuous Improvement
- Monitor evolving capabilities across Workday, Snowflake, business intelligence ecosystems, and emerging financial technologies, assessing business viability and integrating high-value opportunities into the strategic roadmap.
- Provide strategic advisory to the Finance Senior Leadership Team on emerging technology trends, fostering shared ownership of digital adoption.
People Leadership & Change Enablement
- Lead, mentor, and develop a multidisciplinary team spanning finance systems, data engineering, business intelligence, and advanced analytics, establishing clear strategic direction while scaling functional capacity.
- Drive enterprise change management, communication, and training programs to embed digital literacy and analytical curiosity across the broader finance organization.
- Manage the Digital Finance operational budget, serving as the business partner to Technology and Procurement for vendor selection and delivery partner management.
Must Have(s)
- 12+ years of progressive finance experience with comprehensive knowledge of core accounting and financial processes, coupled with advanced financial analysis capabilities.
- Professional accounting or financial credential (CPA preferred; MBA or CFA will also be considered).
- Demonstrated success serving as the business lead for major finance transformations (e.g., enterprise ERP implementations, EPM/planning platforms, or enterprise data and reporting overhauls) from conception through operational adoption and value realization.
- Proven leadership experience guiding data, BI, or analytics personnel, underpinned by sufficient technical literacy in data modeling, SQL, cloud data platforms (e.g., Snowflake), and modern BI suites to establish standards and guide technical execution.
- Deep knowledge of financial governance frameworks, internal controls, and ICFR requirements within large-scale system and process transformation environments.
- Demonstrated track record managing multi-year business cases, departmental budgets, third-party software vendors, and systems integration partners.
- Proven leadership acumen in ambiguous, matrixed environments with strong cross-functional stakeholder management and executive presentation skills.
Nice to Have(s)
- Experience with Workday Financials and Workday Adaptive Planning, including Foundation Data Model (FDM) architecture and data integration with Snowflake.
- Direct technical experience with data querying and scripting languages (e.g., SQL, Python).
- Practical experience deploying artificial intelligence or machine learning solutions within corporate finance environments, including model validation and risk management frameworks.
- Industry experience within capital markets, financial services, financial technology, or software organizations.
- Leadership background within multi-entity, multi-currency, and multinational operating structures.
- Experience building, structuring, and scaling a digital or transformation function from early-stage maturity.
The recruiting efforts for this role are intended to fill a vacant position.
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.
Please note that our company is not currently sponsoring work permit applications and the applicant must be authorized to work in the country where this position is located.
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.
