Manager, Hedge Accounting

Scotiabank•Toronto, ON

30d•Hybrid

About The Position

Contribute to the overall success of Accounting Policy and Procedures Group. 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. Can enjoy 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.

Requirements

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.
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.

Nice To Haves

Professional accounting designation (CPA) or progress toward completion is considered an asset
CFA designation or candidacy is an advantage.
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.

Responsibilities

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.