Scotiabank

Senior Manager, Derivative Hedge Qualifications - Finance

Scotiabank$100K — $130K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Post-secondary degree in Finance/Accounting or related field with at least 7 years of experience.
  • Strong understanding of finance and financial products, especially derivatives.
  • Accounting (CPA) or CFA designation is advantageous.
  • Proficient in Peak, PeopleSoft EGL, OBI, Excel, and Power Point.
  • Demonstrated skills in problem-solving, communication, and team collaboration.

Responsibilities

  • Implement and manage hedge relationships to reduce P&L volatility and meet risk management goals.
  • Oversee daily hedge accounting activities and ensure proper documentation and strategy setup.
  • Continuously monitor hedge relationships for qualification and effectiveness compliance.
  • Analyze, reconcile, and communicate hedge accounting results during month-end closings.
  • Prepare financial disclosures and provide guidance on ad-hoc analyses and reporting.
  • Coordinate initiatives for new hedge strategies and evolving accounting standards and projects.
  • Research and stay informed on emerging best practices in hedge qualification.

Benefits

  • Opportunity to join a forward-thinking and innovative team.
  • Diverse professional development pathways to enhance your career.
  • Internal development programs for ongoing skill improvement.
  • Comprehensive compensation and benefits package.
  • Commitment to community engagement and positive impact.
  • Inclusive work environment that fosters creativity and celebrates success.
Full Job Description
Requisition ID: 265807

Purpose

The incumbent 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 systems and technical accounting knowledge in variety of Bank's financial products, valuations & analysis and reporting and enjoy dealing with business partners globally and manage variety of projects for systems developments and operational process improvements.

Is this role right for you? In this role you will:
  • Implement and manage specific hedge relationships to minimize the P&L volatility while achieving risk management strategies
  • Lead direct reports overseeing daily hedge accounting activities. Review eligibility, identify the associated strategy or set up new strategies, review and approve required documentation.
  • Ongoing monitoring of hedging relationships to ensure they continue to meet the requirements for hedge qualification and have high effectiveness
  • Manage tight month end close by reviewing, reconciling, analyzing, and communicating the hedge accounting results for various hedging units to International Banking business partners and/or Group Treasury.
  • Review/Prepare information for the quarterly and annual financial disclosure. Also preform/provide guidance for ad-hoc analysis, and financial reporting.
  • Coordinate various group initiatives/projects, such as implementation of new hedge strategies/new accounting standards/requirements, or various system transition/automation projects.
  • Remain current with emerging industry best practices for hedge qualification through research, and critical reading of articles issued by regulatory bodies and industry associations.
  • Manage direct reports by establishing performance objectives, defining roles & expectations, measuring and providing timely feedback. Providing direction, coaching and training for the continued development of direct reports


Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:
  • Post-secondary degree in Finance/Accounting/business with a minimum of 7 years' experience.
  • Motivating, coaching, curious, analytical, and collaborative; problem-solving, time-management and communication skills.
  • Willingness to take ownership of new initiatives and bring them to fruition.
  • Solid knowledge of finance and financial products including various derivatives.
  • Accounting designation (CPA) or A CFA designation is an asset.
  • Knowledge of Peak or other trading systems, PeopleSoft EGL, OBI, Excel, Power Point.


What's in it for you?
  • The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
  • A rewarding career path with diverse opportunities for professional development.
  • Internal development to support your growth and enhance your skills.
  • A competitive compensation and benefits package.
  • An organization committed to making a difference in our communities- for you and our customers.
  • We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!


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
5 Year Trend
+7%
NASDAQ

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