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About the Role

This role is responsible for providing monthly analysis for derivatives, hedge accounting, and fair valuations. It involves managing middle-office and back-office functions for securities trading and derivatives, including settlements and valuations, and ensuring compliance with reporting requirements.

Responsibilities

• Manage fair value reporting of over $14 billion (notional amount) of derivatives and hedging instruments.
• Eliminate P&L volatility through hedge accounting.
• Prepare hedge accounting documentation and effectiveness testing, ensuring compliance with IAS 39 and IFRS 9.
• Develop and implement new procedures for hedge accounting for various derivatives.
• Manage settlements for security transactions, including swap payments and receipts.
• Coordinate with traders, custodians, and counterparties to resolve 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.
• Prepare/review general ledger entries, monthly reconciliation, and continuity schedules.
• Prepare/review monthly financial statements, financial report packages, variance analysis commentary, and other required analyses.
• Prepare/review assigned financial statement notes in annual and quarterly financial reports.
• Coordinate with various groups to obtain information for financial statement disclosure.
• Assist external auditors during quarterly reviews and year-end audits.
• Ensure timely submission of reporting for IIROC debt transactions and ICOFR documentation.
• Document new operational processes.
• Develop process improvement initiatives.
• Complete ad-hoc projects.

Requirements

• University/post-graduation education in Accounting, Commerce, or Business.
• CPA designation (CMA, CGA, CA) is required.
• 10+ years of experience at financial institutions.
• 3 years of experience with an accounting firm having worked with clients from financial institutions.
• 1-3 years derivative accounting/valuation experience, including hedge accounting.
• Sound technical knowledge of derivative accounting/valuation.
• Knowledge of IFRS is required.
• Ability to clearly communicate technical, analytical, quantitative or conceptual information and ideas.
• Demonstrated ability using MS Office (Excel, Access, PowerPoint and Word).
• Ability to work extensively with formulas, data and spreadsheets.
• Possess strong problem-solving and analytical skills.
• Attention to detail.
• Organization skills.
• Ability to multi-task competing priorities.
• Ability to work in both team and individual environments.

Skills

• Hedge accounting
• Fair value reporting
• Derivatives
• Hedging instruments
• IAS 39
• IFRS 9
• Swaps
• Forwards
• Securities settlement
• Valuations
• General ledger entries
• Reconciliation
• Financial statement preparation
• Variance analysis
• Financial statement disclosures
• IIROC debt transactions
• ICOFR documentation
• Process documentation
• Process improvement
• MS Office (Excel, Access, PowerPoint, Word)
• Advanced Microsoft Excel skills
• Macros
• Formulas
• Data analysis
• Spreadsheets
• Microsoft SQL Server Management Studio
• Securitization
• Problem-solving
• Analytical skills
• Attention to detail
• Organization skills
• Multi-tasking
• Teamwork
• Individual work

Experience Level

• Senior Manager
• 10+ years of experience
• 3 years with an accounting firm
• 1-3 years derivative accounting/valuation experience

Education Level

• University/post-graduation education in Accounting, Commerce, or Business
• CPA designation (CMA, CGA, CA)