Join us as a Hedge Accounting Manager
- Well look to you to manage the profit and loss volatility generated by derivative hedging instruments using a range of methodologies
- Youll be designing strategies to reduce accounting volatility, along with designating and maintaining effective accounting hedges for the bank
- This role will provide you with a platform to keep building your knowledge and expertise, and offers you great exposure for you and your work
What you'll doAs a Hedge Accounting Manager, youll be managing our hedge accounting processes and ensure a robust control framework is in place. Working with business hedging desks and finance functions, youll provide technical accounting guidance to support the structuring of hedging programmes.
Youll also be managing the application of hedge accounting standards requirements, including effectiveness testing, external disclosures and developing a robust methodology to support persistency arguments, underpinning the bank's macro cash flow hedging programme.
In addition, youll be:
- Working with IT support to develop our hedge accounting platforms
- Supporting projects across the wider team and bank, including hedge accounting support for strategic projects
- Managing the production of MI for distribution to senior executives within Treasury and the wider bank, giving commercial focussed explanations for significant movements
- Supporting the design of the banks response to and the implementation of the IASBs dynamic risk management model and the eventual implementation of IFRS 9 hedge accounting
The skills you'll needTo succeed in this role, youll need knowledge and experience of applying the technical requirements of international financial reporting standards that apply to hedge accounting. Youll also need a track record of successfully applying accounting concepts, to add value in a financial environment.
On top of this, youll need a strong awareness of the control environment requirements for hedge accounting, how banks manage risk in the banking book, what the application of hedge accounting achieves and the limitations of hedge accounting.
You'll also need:
- A good understanding of financial instruments found in the banking book of a large financial institution
- An understanding of the development to date of the IASBs dynamic risk management model
- An awareness of accounting in a regulatory environment
- Strong IT knowledge, including Excel and Access
- A track record of building relationships with technical and non-technical stakeholders across the business
- The ability to work under pressure, and to handle change in a dynamic environment
- Good interpersonal and communication skills, with the ability to work across different teams and levels
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