Senior Manager, Global AP&P, DHQ
Toronto
Toronto Refugee Hiring Event – Scotiabank /
Hybrid
This position is exclusively for the 2025 Toronto Refugee Hiring Event. To be eligible to apply, you must meet the following criteria:
- Arrived in Canada as a refugee (government or private sponsorship), applied for asylum after arriving in Canada (refugee claimant/asylum seeker), or were forcibly displaced. This includes individuals from countries such as Ukraine, Afghanistan, Iran, and others.
- Currently reside in the Greater Toronto Area or near the Greater Toronto Area.
- You can attend the event in person in Toronto on October 17th.
- Eligible to work in Canada (you must have Permanent Residency, Citizenship, or a valid work permit).
- 18 years of age or older.
Please read the job description carefully and only apply if you meet the eligibility criteria for the position.
Join 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.
Is this role right for you? In this role, you will
- 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
Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have
- 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.
What’s in it for you?
- 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.
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.
The Toronto Refugee Hiring Event Team will review applications and select the most qualified candidates for the positions. Please note that submitting an application does not guarantee an interview.
