Job Description
Job details
Job type
Permanent
Location
Toronto, ON M5H 1H1•Hybrid work
Benefits
Pulled from the full job description
Vision care
Profit sharing
Company pension
Paid vacation
Full job description
Requisition ID: 22666+
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
The role:
The Senior Manager, Derivative Hedge 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.
You will gain experience with systems and technical accounting knowledge in variety of Bank’s financial products, valuations & analysis and reporting. You will also be dealing with business partners globally and manage variety of projects for systems developments and operational process improvements. This dynamic team adopts a hybrid model by working from the office and remotely.
What will you do?
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 Group Treasury and other business partners.
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
What do you need to succeed?
Solid knowledge of finance and financial products including various derivatives.
Post-secondary degree in Finance/Accounting/business with a minimum of 5 years experiences. An accounting designation (CPA or CFA) designation are desirable.
Coaching, motivating, curious, analytical, and collaborative; problem-solving, time-management and communication skills are required.
Willingness to take ownership of new initiatives and bring them to fruition.
Knowledge of Peak or other trading systems, PeopleSoft EGL, OBI, Excel, Power Point;
What's in it for you?
We have an inclusive and collaborative working environment that encourages creativity and curiosity and celebrates success
We provide you with the tools and technology needed to create meaningful customer experiences
You'll get to work with and learn from diverse industry leaders, who have hailed from top technology companies around the world
We hire you for your talent — not just a job — so you can grow with us. We’ll equip you for success not only in your role, but also in your career as a whole
Dress codes don't apply here: being comfortable does
Access to thousands of online and in-person courses so you can hone your current skills, or learn new ones
A competitive rewards package that includes a base salary, a performance bonus, company matching programs on pension and profit sharing, paid vacation, personal & sick days, medical, vision, and dental and much more
Location(s): Canada : Ontario : Toronto
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.
You must create an Indeed account before continuing to the company website to apply
Job type
Permanent
Location
Toronto, ON M5H 1H1•Hybrid work
Benefits
Pulled from the full job description
Vision care
Profit sharing
Company pension
Paid vacation
Full job description
Requisition ID: 22666+
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
The role:
The Senior Manager, Derivative Hedge 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.
You will gain experience with systems and technical accounting knowledge in variety of Bank’s financial products, valuations & analysis and reporting. You will also be dealing with business partners globally and manage variety of projects for systems developments and operational process improvements. This dynamic team adopts a hybrid model by working from the office and remotely.
What will you do?
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 Group Treasury and other business partners.
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
What do you need to succeed?
Solid knowledge of finance and financial products including various derivatives.
Post-secondary degree in Finance/Accounting/business with a minimum of 5 years experiences. An accounting designation (CPA or CFA) designation are desirable.
Coaching, motivating, curious, analytical, and collaborative; problem-solving, time-management and communication skills are required.
Willingness to take ownership of new initiatives and bring them to fruition.
Knowledge of Peak or other trading systems, PeopleSoft EGL, OBI, Excel, Power Point;
What's in it for you?
We have an inclusive and collaborative working environment that encourages creativity and curiosity and celebrates success
We provide you with the tools and technology needed to create meaningful customer experiences
You'll get to work with and learn from diverse industry leaders, who have hailed from top technology companies around the world
We hire you for your talent — not just a job — so you can grow with us. We’ll equip you for success not only in your role, but also in your career as a whole
Dress codes don't apply here: being comfortable does
Access to thousands of online and in-person courses so you can hone your current skills, or learn new ones
A competitive rewards package that includes a base salary, a performance bonus, company matching programs on pension and profit sharing, paid vacation, personal & sick days, medical, vision, and dental and much more
Location(s): Canada : Ontario : Toronto
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.
You must create an Indeed account before continuing to the company website to apply
💡 Quick Summary
Seeking a career-building opportunity? The Senior Manager, Derivative Hedge Qualification position is now open for candidates interested in the Bank Jobs sector. This role in Toronto offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.