Manager, Portfolio Hedge Qualification

Scotiabank; Toronto; On-site; CAD 100,000 - 125,000; Full time

Job summary

A leading bank in the Americas is seeking an Accounting Policy professional in Toronto to implement hedging strategies under IFRS. This role involves collaboration with business lines on hedging requests and managing financial disclosures. Candidates should have a degree in Finance/Accounting and a minimum of 4 years of experience. A CPA or CFA designation is considered an asset. The bank offers a competitive rewards package and career development opportunities.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Qualifications

• Solid knowledge of finance and financial products including various derivatives.
• Experience in hedging strategies under IFRS.
• Ability to monitor and reconcile hedging relationships.

Responsibilities

• Collaborate with front office on hedging requests.
• Monitor and ensure effectiveness of hedging relationships.
• Prepare quarterly and annual financial disclosures.

Skills

Self-driven

Analytical

Collaborative

Problem-solving

Time-management

Communication

Education

Post-secondary degree in Finance/Accounting/Business

Minimum of 4 years industry experience

CPA accounting designation or working towards it

CFA designation

Tools

Peak trading system

PeopleSoft

EGL

OBI

Excel

PowerPoint

Job description

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Requisition ID: 241796

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 incumbent 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 add value to the business lines. The Opportunity: to gain experience with systems and technical accounting knowledge in variety of Bank’s financial products, valuations & analysis and reporting. Can enjoy dealing with business partners globally and manage variety of projects for systems developments and operational process improvements.

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 is required.
• Solid knowledge of finance and financial products including various derivatives.
• Post-secondary degree in Finance/Accounting/business with a minimum of 4 years industry experiences. An accounting designation (CPA) or working towards designation is asset. A CFA designation is desirable.
• Knowledge of Peak or other trading system, PeopleSoft, EGL, OBI, Excel, Power Point;

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.

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.