Hedge Accounting & Financial Operations Manager

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**At EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions. 

We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.

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If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity. 

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The Work   The Senior Manager, Hedge Accounting & Financial Operations is a key member of the Accounting and Finance team.  Reporting to the Director, Financial Reporting, Policies and Controls, the role will be responsible for providing monthly analysis for derivatives, hedge accounting and fair valuations.  The role works closely with various departments including Treasury, Capital Markets, Corporate Development, and Securitization operations, and is responsible for providing middle-office and back-office functions for securities trading and derivatives including settlements and valuations.  The role will also be responsible for financial statement disclosures on derivative financial instruments, including compliance and reporting for IIROC debt transactions. The role will also provide support to the banking operations, procurement, and accounts payable functions within the Financial Operations team.  

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.