Senior Manager, Derivative Hedge Qualifications

Scotiabank; Toronto; On-site; CAD 85,000 - 105,000; Full time

Job summary

A leading bank in the Americas is seeking a finance professional to manage hedge accounting strategies in Toronto. This role requires strong problem-solving and analytical skills, alongside a post-secondary degree in finance or accounting and at least 7 years of relevant experience. The position offers a collaborative work environment and a competitive rewards package including a performance bonus and health benefits.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Career development opportunities

Qualifications

• Minimum of 7 years experience in finance or accounting.
• Accounting designation (CPA) is a must.
• CFA designation is desirable.

Responsibilities

• Manage month-end close by reviewing hedge accounting results.
• Prepare information for financial disclosure and ad-hoc analysis.
• Coordinate initiatives/projects for new hedge strategies.

Skills

Problem-solving

Time-management

Communication

Analytical skills

Education

Post-secondary degree in Finance/Accounting/business

Tools

Excel

Power Point

Peak or other trading systems

PeopleSoft EGL

OBI

Job description

Overview

Requisition ID: 231281

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

The incumbent implements Hedging Strategies under IFRS to ensure the Bank qualify 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 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 operational process improvements.

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

• Manage tight month end close by reviewing, reconciling, analyzing, and communicating the hedge accounting results for various hedging units to Group Treasury and other business partners.
• Review/Prepare information for the quarterly submission and annual financial disclosure. Also perform/provide guidance for ad-hoc analysis, and financial reporting.
• Coordinate various group initiatives/projects, including implementation of new hedge strategies/upcoming standard such as dynamic risk management standard/changes of overall market convention.
• Review/improve existing operational processes/internal controls and associated documentations (i.e., RCM, process documents, Desk top procedure, roles and responsibility memorandum etc.) by collaborating with other team members, regulatory risk governance, and internal/external auditors.
• Liaison with regulatory governance controls and interna/external auditors on various control exercises/inquiries and audit requests.
• Coordinate/perform team wide activities including HAM/OCI reconciliation for IB units, GL account mapping, IBA/ICA reconciliation, BCP review/update/test and other ad-hoc tasks.
• Remain current with emerging industry best practices for hedge qualification through research, and critical reading of articles issued by regulatory bodies and industry associations.

What you’ll need

• Curious, analytical, and collaborative; problem-solving, time-management and communication skills is required.
• Willingness to take ownership of new initiatives and bring them to fruition.
• Solid knowledge of hedge accounting, finance and financial products including various derivatives.
• Post-secondary degree in Finance/Accounting/business with a minimum of 7 years experiences. An accounting designation (CPA) is must. A CFA designation is desirable.
• Knowledge of Peak or other trading systems, 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.

#scotiafinancejobs

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 contact the Recruitment team. 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.