Senior Derivatives Hedge Accounting Manager
3 weeks ago
Requisition ID: 204054
Become part of a purpose-driven and high-achieving team that values inclusivity and performance.
The Senior Manager is responsible for executing Hedging Strategies in accordance with International Financial Reporting Standards (IFRS) to ensure the Bank qualifies eligible derivatives for hedge accounting treatment. This role is essential in mitigating volatility in the Bank's earnings and enhancing value across various business lines. This position offers the opportunity to deepen technical accounting expertise across a range of financial products, valuations, analyses, and reporting. You will engage with global business partners and oversee diverse projects aimed at improving operational processes. This dynamic team operates under a hybrid model, balancing in-office and remote work.
Key Responsibilities:
- Oversee the month-end closing process by reviewing, reconciling, analyzing, and communicating hedge accounting results for different hedging units to Group Treasury and other stakeholders.
- Prepare and review materials for quarterly submissions and annual financial disclosures, while also providing guidance for ad-hoc analyses and financial reporting.
- Coordinate various group initiatives and projects, including the implementation of new hedging strategies and upcoming standards such as dynamic risk management.
- Enhance operational processes and internal controls by collaborating with team members, regulatory governance, and auditors.
- Act as a liaison with regulatory governance and auditors on control exercises and audit requests.
- Coordinate and execute team-wide control activities and other ad-hoc assignments.
- Stay informed on emerging industry best practices for hedge qualification through research and critical analysis of publications from regulatory bodies and industry associations.
Qualifications:
- Strong analytical, collaborative, and problem-solving skills, along with effective time management and communication abilities.
- Proactive and innovative, with a proven capacity to plan and manage competing priorities.
- Detail-oriented with a strong ability to analyze and document complex processes and procedures.
- Comprehensive knowledge of hedge accounting, finance, and financial products, including various derivatives.
- A post-secondary degree in Finance, Accounting, or Business, with a minimum of 7 years of relevant experience. A CPA designation is required, while a CFA designation is preferred.
- Familiarity with trading systems such as Peak, PeopleSoft EGL, OBI, Excel, and PowerPoint.
What We Offer:
- An inclusive and collaborative work environment that fosters creativity and celebrates achievements.
- A competitive rewards package, including performance bonuses, an Employee Share Ownership Program, and pension plan matching, along with health benefits from day one.
- Opportunities for career development and progression.
#scotiafinancejobs
Scotiabank is a leading bank in the Americas, committed to helping customers, their families, and communities achieve success through a wide range of financial services. We value the unique skills and experiences of each individual and are dedicated to maintaining an inclusive and accessible environment for all.
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