TFI recently welcomed Vanguard Investments Canada Inc to our membership network. We caught up with Kathy Bock, Managing Director and Head of Vanguard Canada to learn more about Vanguard's Canadian business and the role of innovation in today's fast-paced and changing financial market.
If you are a business leader struggling to land talented candidates for vacant finance and accounting roles, it is likely that you have noticed the labour pool getting smaller. Job seekers with the advanced technology skills you need get snatched up as soon as, or even before, they hit the job market. As a hiring manager, it makes finding the right person for the job increasingly difficult. And you are not alone. Research for our latest Benchmarking Accounting & Finance Functions report reveals that 9 in 10 Canadian CFOs have difficulties finding qualified candidates for these positions.
What is Sustainable Finance?
Sustainable Finance can be defined as capital flows, risk management activities, and financial processes that assimilate environmental and social factors as a means of promoting sustainable economic growth and the long-term stability of the financial system.
Source: TFI Newsletter February 2019 Edition
TFI launched The ASPIRE Challenge in October 2018; a competitive, industry-led innovation challenge designed to attract 2nd year post-secondary students to Financial Services and showcase innovation within the sector. The Challenge was built to incorporate meaningful employer interaction and feedback into every stage, providing all participants with solid work-integrated learning (WIL) experience and increasing the number of WIL opportunities available to students within the GTA.
Source: TFI Newsletter December 2018 Edition
Rotman School of Management, in partnership with TD Bank, are working to develop a Financial Acumen Development Program for Women. This program will complement Rotman’s many programs within its Initiative for Women in Business, which has been committed to strengthening the female talent pipeline since 2008. The purpose of this Financial Acumen Development Program is to help women working in Canada’s Financial industry improve their Analytical Thinking and Financial Acumen Skills.
Source: TFI Newsletter November 2018 Edition
Work-integrated learning (WIL) – an unfamiliar phrase to most of us, is a term meant to modernize and broaden the definition of student work experience beyond traditional examples such as co-ops and internships. Given its potential to positively impact the level of work readiness and employability among our student population across Canada, it’s no wonder that the concept of WIL is growing in popularity among post-secondary educators, employer talent acquisition teams and government officials alike. In fact, governments at all levels are proactively investing in WIL, to support students’ transition to the workplace. One example of this progressive support is the federal government’s $2M+ investment earlier this year in expanding ASPIRE, a sector-wide, student WIL initiative led by Toronto Finance International. ASPIRE’s goal is the creation of 10,000 new WIL opportunities in financial services by the end of 2020.
Source: TFI Newsletter November 2018 Edition
The Canadian government recently released its immigration levels plan for 2019 to 2021, aimed at increasing permanent residents to Canada, with a focus on spurring economic innovation.
Toronto employs almost 400,000 professionals in the Financial Services Industry; making it Canada’s largest financial centre, and the second largest financial center in North America. Financial Services (FS) professionals work in the country’s well-established banking institutions, as well as in securities and investment, insurance, fund management and technology companies. While the FS industry has been actively developing this talent domestically, having world-class talent means attracting many professionals from abroad. The FS industry in Toronto has had to innovate to attract, develop and retain top talent to sustain its competitive advantage, among other global financial hubs.
Source: TFI Newsletter October 2018 Edition
Welcome to the first edition of the TFI newsletter. A new monthly newsletter for TFI members to keep them informed about TFI activities and important Toronto industry news and events. This edition and those to follow will feature:
- TFI initiatives including newly released reports and events
- Upcoming industry events
- A monthly blog by one of our Members discussing an important industry topic
I am very pleased that our first blog is by Ontario Teachers’ Pension Plan’s Chief Risk & Strategy Officer, Barbara Zvan, titled Global investors find value in making a difference, profiling how 11 major investors agreed to work together and pledged to commit resources, expertise and networks to make a difference.