Manager, Portfolio Hedge Qualification

Manager, Portfolio Hedge Qualification

Scotiabank

Requisition

Join a purpose driven winning team, committed to results, in an inclusive and high‑performing culture.

Contribute to the overall success of the Accounting Policy and Procedures Group. The incumbent implements hedging strategies under International Financial Reporting Standards (IFRS) to ensure the bank qualifies eligible derivatives for hedge accounting treatment, thus immunizing any volatility in the bank earnings and adding value to the business lines.

The opportunity:

gain experience with systems and technical accounting knowledge in a variety of bank’s financial products, valuations & analysis and reporting. Enjoy dealing with business partners globally and manage projects for systems developments and operational process improvements.

• Collaborate daily with front office and other business lines with their hedging requests. Review eligibility, identify the associated strategy or set up new strategies and complete required documentation.
• Ongoing monitoring of hedging relationships to ensure they continue to meet the requirements for hedge qualification and have high effectiveness.
• Ensure all instruments in hedging relationships are active and obtain confirmation of hedged item existence and hedge activity from various business areas monthly.
• Manage tight month‑end close by reconciling, analyzing, and communicating the hedge accounting results for various hedging units to Group Treasury and other business partners.
• Prepare information for the quarterly and annual financial disclosure. Also provide support for ad‑hoc analysis, and financial reporting.
• Remain current with emerging industry best practices for hedge qualification through research and critical reading of articles issued by regulatory bodies and industry associations.

• Self‑driven, analytical, and collaborative; problem‑solving, time‑management, and communication skills are required.
• Solid knowledge of finance and financial products including various derivatives.
• Post‑secondary degree in Finance/Accounting/Business with a minimum of 4 years industry experience. An accounting designation (CPA) or working towards designation is an asset. A CFA designation is desirable.
• Knowledge of Peak or other trading system, People Soft, EGL, OBI, Excel, Power Point.

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success.
• Competitive rewards package: performance bonus, Employee Share Ownership Program, pension plan matching, health benefits from day one.
• Career development and progression opportunities.

Toronto, Ontario, Canada

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.

If you require technical assistance, please . 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.

Mid‑Senior level

Full‑time

Finance and Sales

Banking