Scotiabank

Senior Manager, Derivative Hedge Qualifications

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

Qualifications

  • Minimum of 7 years of experience in finance/accounting or related field.
  • Post-secondary degree in Finance, Accounting, or Business is required.
  • CPA designation is mandatory; CFA designation is an asset.
  • Solid understanding of hedge accounting and financial products, particularly derivatives.
  • Familiarity with Peak or other trading systems, PeopleSoft EGL, OBI, as well as Microsoft Excel and PowerPoint.

Responsibilities

  • Manage monthly close processes for hedge accounting results, ensuring accuracy and clarity in reporting.
  • Coordinate and prepare materials for quarterly financial disclosures and conduct ad-hoc analyses.
  • Implement and oversee new hedge strategies and comply with market changes and standards.
  • Enhance internal control processes and documentation through collaboration with team members and auditors.
  • Liaise with regulatory bodies regarding governance controls and audit inquiries.
  • Perform reconciliation activities across IB units and support various team-wide tasks.
  • Stay updated on industry best practices related to hedge qualification through ongoing research.

Benefits

  • Inclusive and collaborative work environment that fosters creativity and celebrates success.
  • Comprehensive rewards package including performance bonuses and share ownership programs.
  • Health benefits starting from day one, alongside pension plan matching.
  • Opportunities for career development and progression.
Full Job Description
Requisition ID: 260194

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

Is this role right for you? In this role, you will:

  • Manage tight month end close by reviewing, reconciling, analyzing, and communicating the hedge accounting results for various hedging units to Group Treasury and other business partners.
  • Review/Prepare information for the quarterly submission and annual financial disclosure. Also preform/provide guidance for ad-hoc analysis, and financial reporting.
  • Coordinate various group initiatives/projects, including implementation of new hedge strategies/upcoming standard such as dynamic risk management standard/changes of overall market convention.
  • Review/improve existing operational processes/internal controls and associated documentations (i.e., RCM, process documents, Desk top procedure, roles and responsibility memorandum etc.) by collaborating with other team members, regulatory risk governance, and internal/external auditors.
  • Liaison with regulatory governance controls and interna/external auditors on various control exercises/inquiries and audit requests.
  • Coordinate/perform team wide activities including HAM/OCI reconciliation for IB units, GL account mapping, IBA/ICA reconciliation, BCP review/update/test and other ad-hoc tasks.
  • Remain current with emerging industry best practices for hedge qualification through research, and critical reading of articles issued by regulatory bodies and industry associations.


Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

  • Curious, analytical, and collaborative; problem-solving, time-management and communication skills is required.
  • Willingness to take ownership of new initiatives and bring them to fruition.
  • Solid knowledge of hedge accounting, finance and financial products including various derivatives.
  • Post-secondary degree in Finance/Accounting/business with a minimum of 7 years experiences. An accounting designation (CPA) is must. A CFA designation is desirable.
  • Knowledge of Peak or other trading systems, PeopleSoft EGL, OBI, Excel, Power Point;


What's in it for you?

  • An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
  • We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
  • Your career matters! You will have access to career development and progression opportunities.


#scotiafinancejobs

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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