Join our employer partner, a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
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.
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Key Responsibilities
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
Requirements/ Qualifications
Motivating, coaching, 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 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 A CFA designation are desirable.
Knowledge of Peak or other trading systems, PeopleSoft EGL, OBI, Excel, Power Point.
Benefits
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.
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APPLY NOW!
We thank all applicants for their interest. However, only those selected for the next step will be contacted.
