Our client is a leading international Banking Group. They are looking for a Hedge Accountant to join the Hedge Accounting team which works closely with Treasury Interest Rate desk and Product Control to reduce the P&L volatility across the group due to interest rate risk. This role would manage the day to day activities of a team of four e.g. reviewing risk positions, structuring hedges and analysing P&L impacts on a daily/monthly basis.
Responsibilities for this Hedge Accountant are:
Monitor hedge accountable risk, monitor hedge arrangements, produce monthly results and MI
Arrangement and monitoring of IAS Hedge Accounting and Reporting for cash flow, fair value and hedge of net investment hedge arrangements, in accordance with set procedures
Maintaining details of hedge arrangements in hedging systems, including replicating interest swaps in Treasury Risk Management system and modelling the expected hedged item an interest rate swap
Producing regular reports on changes in fair value of interest rate swaps, analyzing reasons for movements and investigations of drivers.
Hedge effectiveness collation and measurement responsibilities for monthly, quarterly and annual returns and monthly management information packs with respect to hedge accounting.
As the successful applicant you may have:
A reasonable level understanding of the financial instruments used by Treasury and the Bank to manage and hedge risk.
Good grasp of basic accounting principles. Awareness of IFRS Standards particularly those impacting Treasury and their impact for the Bank (e.g. IAS 39).
Good understanding of the workings of a multi-currency general ledger (e.g SAP) and the revaluation thereof.
Advanced knowledge of PC applications, especially Microsoft Excel
If you would like to apply for this Hedge Accountant role or find out more, please apply or contact Matt Mattheou at Robert Walters on 0207 509 8419 or email matt.mattheou@robertwalters.com quoting the Job Reference MMQ-1049200.
Where any specific qualification is mentioned, all equivalent overseas qualifications are acceptable