About this Senior Manager, Hedge Accounting & Financial Operations role at Eqbank
Core Responsibilities
Hedge accounting
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Manage fair value reporting of over $14 billion (notional amount) of derivatives and hedging instruments and eliminate P&L volatility through hedge accounting.
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Prepare hedge accounting documentation and effectiveness testing, ensuring full compliance with IAS 39 and IFRS 9 disclosure requirements.
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Develop and implement new procedures to achieve hedge accounting for various derivatives (swaps, forwards, etc.)
Middle Office and Valuation
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Manage settlements for security transactions, including swap payments and receipts.
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Coordinate with traders in Treasury/Capital Markets, custodians, and counterparties to resolve any settlement issues.
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Review and provide entries related to fair value through P&L (FVtPL) investments.
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Ensure appropriate controls exist over securities and derivative valuations, and hedge accounting transactions.
Month-end/Quarter-end/Year-end
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Prepare/review general ledger entries, and monthly reconciliation and continuity schedules for various accounts.
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Prepare/review monthly financial statements, financial report packages and variance analysis commentary as well as other monthly, quarterly, and year-end analyses, as required.
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Prepare/review assigned financial statement notes in the annual and quarterly financial reports.
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Coordinate with various groups to obtain information such as counterparty collateral margins to complete the related financial statement disclosure.
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Assist external auditors during quarterly reviews and the year-end audit.
Regulatory and Internal Reporting
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Ensure reporting for IIROC debt transactions and ICOFR documentation are submitted on a timely basis.
Other
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Document new operational processes.
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Develop process improvement initiatives.
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Complete ad-hoc projects, as assigned.
Let's Talk About You
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University/post-graduation education in Accounting, Commerce, or Business.
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CPA designation (CMA, CGA, CA) is required.
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10+ years of experience at financial institutions including 3 years with an accounting firm having worked with clients from financial institutions.
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1-3 years derivative accounting/valuation experience, including hedge accounting, with sound technical knowledge.
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Knowledge of IFRS is required.
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Ability to clearly communicate technical, analytical, quantitative or conceptual information and ideas using language that is appropriate to the target audience.
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Demonstrated ability using MS Office (Excel, Access, PowerPoint and Word).
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Advanced Microsoft Excel skills, including developing/running macros would be an asset.
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Ability to work extensively with formulas, data and spreadsheets.
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Knowledge of Microsoft SQL Server Management Studio would be an asset.
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Experience in securitization would be an asset.
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Possess strong problem-solving and analytical skills, attention to detail, and organization skills.
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Ability to multi-task competing priorities.
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Ability to work in both team and individual environments.
