Senior Manager, Hedge Accounting & Financial Operations

Core Responsibilities

Hedge accounting 

• Manage fair value reporting of over $14 billion (notional amount) of derivatives and hedging instruments and eliminate P&L volatility through hedge accounting. 

• Prepare hedge accounting documentation and effectiveness testing, ensuring full compliance with IAS 39 and IFRS 9 disclosure requirements. 

• Develop and implement new procedures to achieve hedge accounting for various derivatives (swaps, forwards, etc.) 

Middle Office and Valuation 

• Manage settlements for security transactions, including swap payments and receipts. 

• Coordinate with traders in Treasury/Capital Markets, custodians, and counterparties to resolve any settlement issues. 

• Review and provide entries related to fair value through P&L (FVtPL) investments. 

• Ensure appropriate controls exist over securities and derivative valuations, and hedge accounting transactions. 

Month-end/Quarter-end/Year-end 

• Prepare/review general ledger entries, and monthly reconciliation and continuity schedules for various accounts. 

• Prepare/review monthly financial statements, financial report packages and variance analysis commentary as well as other monthly, quarterly, and year-end analyses, as required. 

• Prepare/review assigned financial statement notes in the annual and quarterly financial reports. 

• Coordinate with various groups to obtain information such as counterparty collateral margins to complete the related financial statement disclosure.  

• Assist external auditors during quarterly reviews and the year-end audit. 

Regulatory and Internal Reporting 

• Ensure reporting for IIROC debt transactions and ICOFR documentation are submitted on a timely basis. 

Other 

• Document new operational processes. 

• Develop process improvement initiatives. 

• Complete ad-hoc projects, as assigned. 

Let's Talk About You

• University/post-graduation education in Accounting, Commerce, or Business.  

• CPA designation (CMA, CGA, CA) is required.  

• 10+ years of experience at financial institutions including 3 years with an accounting firm having worked with clients from financial institutions. 

• 1-3 years derivative accounting/valuation experience, including hedge accounting, with sound technical knowledge. 

• Knowledge of IFRS is required. 

• Ability to clearly communicate technical, analytical, quantitative or conceptual information and ideas using language that is appropriate to the target audience. 

• Demonstrated ability using MS Office (Excel, Access, PowerPoint and Word). 

• Advanced Microsoft Excel skills, including developing/running macros would be an asset. 

• Ability to work extensively with formulas, data and spreadsheets. 

• Knowledge of Microsoft SQL Server Management Studio would be an asset. 

• Experience in securitization would be an asset. 

• Possess strong problem-solving and analytical skills, attention to detail, and organization skills. 

• Ability to multi-task competing priorities. 

• Ability to work in both team and individual environments.