Derivative Hedge Strategist, Accounting Policy and Procedure Specialist

2 weeks ago


Old Toronto, Canada Scotiabank Full time
Job Overview

We are seeking a highly skilled Derivative Hedge Strategist to join our Accounting Policy and Procedure team in Toronto, Canada.

The ideal candidate will have a strong background in finance and financial products, including derivatives. They will be responsible for implementing hedging strategies under International Financial Reporting Standards (IFRS) to ensure the bank qualifies eligible derivatives for hedge accounting treatment.

About the Role
  • Collaborate with front office and other business lines to review eligibility and identify associated strategies or set up new ones.
  • Ongoing monitoring of hedging relationships to ensure they continue to meet requirements for hedge qualification and effectiveness.
  • Manage tight month-end close by reconciling, analyzing, and communicating hedge accounting results for various hedging units to Group Treasury and other business partners.
Requirements
  • Solid knowledge of finance and financial products, including various derivatives.
  • Post-secondary degree in Finance/Accounting/Business with a minimum of 4 years industry experience.
  • Knowledge of Peak or system trading system, PeopleSoft EGL, OBI, Excel, Power Point.
What We Offer
  • A competitive salary range of $90,000 - $120,000 per year, depending on experience.
  • An inclusive & collaborative working environment that encourages creativity and curiosity.
  • Career development and progression opportunities within Scotiabank.


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