Manager, DHQ, Accounting Policy and Procedure

Scotiabank; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading financial institution is seeking a Manager for DHQ, Accounting Policy and Procedure. This role involves implementing hedging strategies under IFRS to ensure hedge accounting treatment. The candidate will manage financial disclosures, collaborate with global business partners, and maintain effective hedge relationships. A degree in Finance/Accounting and strong analytical skills are essential. Enjoy a hybrid work model with competitive rewards and career development opportunities.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Qualifications

• Minimum of 4 years of industry experience.
• Accounting designation (CPA) or working towards is an asset.
• CFA designation is desirable.

Responsibilities

• Collaborate with front office on hedging requests.
• Monitor hedge relationships for qualification.
• Manage month-end close for hedge accounting results.
• Prepare quarterly and annual financial disclosure.
• Research industry best practices for hedge qualification.

Skills

Analytical skills

Communication skills

Problem-solving skills

Time-management skills

Education

Post-secondary degree in Finance/Accounting/business

Tools

Excel

PowerPoint

PeopleSoft

EGL

OBI

Job description

Join a purpose-driven winning team, committed to results, in an inclusive and high-performing culture.

Contribute to the overall success of Accounting Policy and Procedures Group. The Manager, DHQ, Accounting Policy and Procedure implements Hedging Strategies under International Financial Reporting Standards (IFRS) to ensure the Bank qualifies eligible derivatives for hedge accounting treatment, thus immunizing any volatility in the Bank earnings and adding value to the business lines.

The Opportunity: to gain experience with systems and technical accounting knowledge in a variety of Bank’s financial products, valuations & analysis, and reporting. You can enjoy dealing with business partners globally and manage a variety of projects for systems developments and operational process improvements. This dynamic team adopts a hybrid model by working from the office and remotely.

Is this role right for you? In this role, you will:

• Collaborate daily with front office and other business lines with their hedging requests. Review eligibility, identify the associated strategy or set up new strategies and complete required documentation.
• Ongoing monitoring of hedging relationships to ensure they continue to meet the requirements for hedge qualification and have high effectiveness.
• Ensure all instruments in hedging relationships are active and obtain confirmation of hedged item existence and hedge activity from various business areas monthly.
• Manage tight month-end close by reconciling, analyzing, and communicating the hedge accounting results for various hedging units to Group Treasury and other business partners.
• Prepare information for the quarterly and annual financial disclosure. Also, provide support for ad-hoc analysis, and financial reporting.
• Remain current with emerging industry best practices for hedge qualification through research, and critical reading of articles issued by regulatory bodies and industry associations.

Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:

• Self-driven, analytical, and collaborative; problem-solving, time-management, and communication skills are required.
• Solid knowledge of finance and financial products including various derivatives.
• Post-secondary degree in Finance/Accounting/business with a minimum of 4 years of industry experience. An accounting designation (CPA) or working towards designation is an asset. A CFA designation is desirable.
• Knowledge of Peak or other trading systems, PeopleSoft, EGL, OBI, Excel, PowerPoint;

What’s in it for you?

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.

Scotiabank is a leading bank in the Americas. Guided by our purpose: