Scotiabank

Manager, Derivative Hedge Qualifications

Scotiabank • $90K — $120K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Post-secondary degree in Finance, Accounting, Business, or a related field.
  • Minimum of 4 years relevant experience in financial services.
  • Strong knowledge of financial markets, instruments, and derivatives.
  • Professional accounting designation (CPA) or progress is a plus; CFA candidacy is advantageous.
  • Excellent analytical, organizational, and time-management skills.
  • Strong communication skills for effective collaboration.
  • Proficiency in Microsoft Excel and PowerPoint; experience with financial systems is advantageous.

Responsibilities

  • Partner with Treasury and stakeholders to assess hedge accounting eligibility and establish strategies.
  • Monitor hedge relationships for compliance and effectiveness.
  • Validate hedging instruments and items through regular partner communication.
  • Support month-end close by reconciling and reporting hedge results to stakeholders.
  • Contribute to quarterly and annual financial reporting and provide ad hoc support.
  • Stay updated on accounting developments and industry trends.
  • Participate in system enhancements and process improvement initiatives.

Benefits

  • Diverse opportunities for professional development.
  • Commitment to community impact and customer service.
  • Competitive rewards program including annual bonus and flexible vacation.
  • Focus on diversity, equity, inclusion, and allyship in the workplace.
  • Commitment to accessibility and creating an inclusive environment.
Full Job Description
Requisition ID: 267618

The Accounting Policy & Procedures Group is responsible for supporting the Bank's hedge accounting activities in accordance with International Financial Reporting Standards (IFRS). The Senior Analyst contributes to the successful implementation, monitoring, and reporting of hedge accounting strategies that help mitigate earnings volatility and support the Bank's overall financial objectives.

This is an excellent opportunity to gain exposure to a wide range of financial products, valuation methodologies, accounting frameworks, and reporting processes while partnering with stakeholders across the organization. Working in a dynamic and collaborative environment, you will contribute to process improvements, technology initiatives, and strategic projects that drive operational excellence.

Is this role right for you? In this role you will:
  • Partner with Treasury, Front Office, and business stakeholders to assess hedge accounting eligibility, establish hedging strategies, and prepare required documentation in accordance with IFRS guidelines.
  • Monitor hedge relationships on an ongoing basis to ensure compliance with hedge accounting requirements and maintain effectiveness throughout the hedge lifecycle.
  • Validate the ongoing existence and activity of hedging instruments and hedged items through regular communication with business partners across the Bank.
  • Support the month-end close process by reconciling, analyzing, and communicating hedge accounting results to Treasury and other key stakeholders.
  • Contribute to quarterly and annual financial reporting and disclosures, while providing ad hoc analysis and reporting support as required.
  • Stay current on accounting and regulatory developments, industry trends, and best practices related to hedge accounting and financial instruments.
  • Participate in system enhancements, process improvement initiatives, and projects that improve operational efficiency and reporting accuracy.


Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:
  • A post-secondary degree in Finance, Accounting, Business, or a related discipline.
  • A minimum of 4 years of relevant experience within the financial services industry.
  • Strong knowledge of financial markets, financial instruments, and derivative products.
  • Professional accounting designation (CPA) or progress toward completion is considered an asset; CFA designation or candidacy is an advantage.
  • Excellent analytical, problem-solving, organizational, and time-management skills, with the ability to manage multiple priorities in a fast-paced environment.
  • Strong communication and relationship-building skills, with the ability to collaborate effectively across business lines and support functions.
  • Proficiency with Microsoft Excel and PowerPoint; experience with PeopleSoft, EGL, OBI, Peak, or similar trading and financial systems is considered an asset.
  • A proactive, detail-oriented mindset with a strong commitment to continuous improvement and delivering high-quality results.


What's in it for you?
  • A rewarding career path with diverse opportunities for professional development
  • An organization committed to making a difference in our communities - for you and our customers.
  • A competitive rewards program includes annual bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
  • Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
  • Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.


Location(s): Canada : Ontario : Toronto

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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