Sr. Manager, Hedge Accounting & Analytics
Sr. Manager, Hedge Accounting & Analytics
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Job Description
Were building a relationshiporiented bank for the modern world. We need talented passionate professionals who are dedicated to doing whats right for our clients.
At CIBC we embrace your strengths and your ambitions so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
To learn more about CIBC please visit
What Youll Be Doing
The Sr. Manager is responsible for overseeing the accuracy and integrity of the monthly quarterly and annual financial reporting for the Banks hedge accounting programs. In addition the Sr. Manager is expected to lead and carry out hedge accounting initiatives provide valueadded analysis and enhance/build disclosures to ensure business objectives are delivered in compliance with governing regulations internal policies and procedures. The Sr. Manager can also be called on to provide hedge accounting advisory to support business partners or fellow Finance stakeholders (such as Product Control Accounting and CFO teams). In addition the Sr. Manager will work closely with Finance stakeholders and other crossfunctional groups to execute on this mandate
At CIBC we enable the work environment most optimal for you to thrive in your role. Youll have the flexibility to manage your work activities within a hybrid work arrangement where youll spend 13 days per week onsite while other days will be remote.
How Youll Succeed
Strategic and new initiatives Provide subject matter expertise related to hedge accounting initiatives
Innovative Lead the development of new reports testing of new systems and or processes to ensure accuracy and completeness
Problem solving Investigate and resolve differences between the ledgers and the source systems to ensure accurate reporting
Team work Work with various teams including Product Control Regulatory Reporting and business partners (Finance/Treasury) in Toronto New York Chicago and London
Financial analysis Prepare commentary and analyses for Finance to explain month over month and quarter over quarter fluctuations as well as monthend attestation packages to meet Finance and governance reporting requirements
Organization Complete all tasks in a timely manner with impeccable attention to detail to meet the deadliness
Who You Are
You can demonstrate knowledge of hedge accounting policies and practices under IAS 39/IFRS 9. You are able to calculate or otherwise validate hedge accounting adjustments and effectiveness for designated relationships perform analysis to understand causes and sources of ineffectiveness and explain hedge accounting disclosure items under IFRS 7 Financial instrument disclosures. In addition you have Advanced Microsoft Excel knowledge (pivot tables vlookups sumifs etc) ability to code and manage macros (VBA) would be an asset. Its an asset to possess prior experience with automation process simplification and proficiency with using related tools (i.e. Alteryx Tableau etc.).
You have a degree in Accounting Commerce or Finance and/or 7 years of business related experience along with completion or enrollment in a CFA CPA or Masters program.
Youre passionate about people. You find meaning in relationships and surround yourself with a diverse network of partners. You build trust through respect and authenticity.
You love to learn. Youre passionate about growing your knowledge and you know that there is no limit to what you can achieve.
You act like an owner. You thrive when youre empowered to take the lead go above and beyond and deliver results.
Values matter to you. You bring your real self to work and you live our values trust teamwork and accountability.
#LITA
What CIBC Offers
At CIBC your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career rather than just a paycheck.
We work to recognize you in meaningful personalized ways including a competitive salary incentive pay banking benefits a benefits program* defined benefit pension plan* an employee share purchase plan a vacation offering wellbeing support and MomentMakers our social pointsbased recognition program.
Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
*Subject to plan and program terms and conditions
What you need to know
CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation please contact
You need to be legally eligible to work at the location(s) specified above and where applicable must have a valid work or study permit.
We may ask you to complete an attributebased assessment and other skills tests (such as simulation coding French proficiency MS Office). Our goal for the application process is to get to know more about you all that you have to offer and give you the opportunity to learn more about us.
Job Location
Toronto81 Bay 26th FloorEmployment Type
RegularWeekly Hours
37.5Skills
Analytical Thinking Derivative Accounting Financial Analysis Financial Derivatives Financial Reporting and Analysis Group Problem Solving International Financial Reporting Standards (IFRS) Reconciliations Regulatory RequirementsRequired Experience:
Manager
Employment Type
Full-Time
