Senior Manager, Derivative Hedge Qualifications

3 weeks ago


Toronto, Ontario, Canada Scotiabank Full time

Requisition ID: 204054

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

The Sr. Manager implements Hedging Strategies under International Financial Reporting Standards (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. 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:

  • 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 preform/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 the operational processes/internal controls and associated documentations by collaborating with other team members, regulatory risk governance, and internal/external auditors.
  • Liaison with regulatory governance controls and internal/external auditors on various control exercises/inquiries and audit requests.
  • Coordinate/perform team wide control activities 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

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

  • Curious, analytical, and collaborative; problem-solving, time-management and communication skills is required.
  • Proactive and creative, with strong, proven ability to plan and manage competing priorities.
  • Detailed-oriented with proven ability to analyze and document complex processes/procedures.
  • 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 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.



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