Senior Specialized Finance Analyst, Hedge Accounting Operations

at  TD Bank

JOB REQUIREMENTS

• Applicants must have good understanding of Hedge Accounting principles.
• Accounting designation is required
• Must have excellent verbal and written communication skills
• Capital Market and Specific business line product knowledge is an asset
• Accounting Operations experience is required
• Must be a team player and able to work closely with individuals from other areas to achieve objectives
• Knowledge of back office(s), systems (Calypso / Oracle PeopleSoft / Essbase) and processes would be an asset
• Analytical and problem solving skills; have an eye for detail; initiative to follow up on items or determine appropriate steps for timely resolution
• Must have very strong MS Excel skills
• Strong Access and Marco skills would be an asset
• Ability to manage deadlines, multiple tasks and adapt well to changing priorities
• Ability to work independently and explain complex issues in a simplified manner
• Must be able to stay resilient under pressure.

KEY RESPONSIBILITIES:

• Primary focus on introducing documented checks and control within each working file to eliminate / mitigate potential of any reporting errors or inconsistencies.
• Perform month end posting of hedge accounting entries in PSGL and Oracle FMS
• Review daily hedge accounting results including hedge effectiveness and amortization, and escalate concerns
• Monitor and maintain daily operational processes including manual input of swap unwinds into amortization engines
• Monitoring and track daily trade offset Process (when required)
• Understand the rationale, logic of hedging strategies and the purpose of booking GL entries
• Compile monthly, quarterly and annual disclosures for financial and regulatory reporting
• Prepare and update desktop procedures for each critical activity
• Involve in testing of changes to operational processes
• Question existing process for potential process improvements
• Compile month end reconciliations and results analysis
• Follow up on source files required towards month-end
• Check daily production error logs if any
• Focus on project intake process, assessing and communicating impact to various stakeholders
• Track and drive projects from start to completion, maintaining active communication with various group and ensuring that deadlines are met.
• Track and follow up on ongoing projects
• Compile and monitor monthly valuation differences and hedging capacity
• Analyse and prepare monthly OCI/CTA flux commentary
• Organize existing and new hedge documentation to ensure completeness
• Update process procedure documentation periodically
• Introducing documented checks and control within each working file to eliminate / mitigate potential of any reporting errors or inconsistencies.