Senior Accounting Manager

3 days ago


Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time

At EQ Bank | Equitable Bank, we're shaping the future of banking by challenging traditional norms and embracing innovation. As a key member of our Accounting and Finance team, you'll play a vital role in driving this vision forward.

About the Role
  • This Senior Manager, Hedge Accounting & Financial Operations position is responsible for providing monthly analysis for derivatives, hedge accounting, and fair valuations, ensuring accurate financial reporting and minimizing volatility.
  • You'll work closely with various departments, including Treasury, Capital Markets, Corporate Development, and Securitization operations, to provide middle-office and back-office functions for securities trading and derivatives, including settlements and valuations.
Key Responsibilities
  • Manage fair value reporting of over $14 billion (notional amount) of derivatives and hedging instruments, eliminating P&L volatility through effective hedge accounting.
  • Prepare hedge accounting documentation and effectiveness testing, ensuring full compliance with IAS 39 and IFRS 9 disclosure requirements.
  • Develop and implement new procedures to achieve hedge accounting for various derivatives (swaps, forwards, etc.).
Requirements
  • University/post-graduation education in Accounting, Commerce, or Business.
  • CPA designation (CMA, CGA, CA) is required.
  • 10+ years of experience at financial institutions, including 3 years with an accounting firm having worked with clients from financial institutions.
  • 1-3 years derivative accounting/valuation experience, including hedge accounting, with sound technical knowledge.


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