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Technical Reporting - Hedge Accounting

Salary £50k to £60k
Type Permanent
Location London
Sector Finance & Accountancy
Job Reference T81/AXM/29486
Contact Andrew Mackay
Date posted 02-08-2018

We currently have an exciting opportunity as a Senior Analyst, Technical Reporting based in London.

The job purpose is to assist in monthly technical reporting within the Technical Accounting team covering the Ring Fenced Bank wholesale activities for the UK plc Group. The role will include hands on involvement monthly reporting for hedging and other technical accounting area.

The Technical Accounting team has primary responsibility for the documentation and maintenance of hedge accounting relationships including the posting of hedge accounting entries to the general ledger.
• Assist with the preparation of hedge accounting adjustments, including hedge effectiveness testing
• Calculate the legal entity split of CVA and DVA and communicate the results to legal entity accountants
• Assist with the preparation of hedging derivatives reclassification journals, including clearing all validation checks through active collaboration with Group Reporting and Treasury Accounting teams
• Perform reporting pack reconciliations, UK legal entity and UK Group level (including review of reporting packs submitted by other entities) to ensure reporting accuracy and investigate any discrepancies
• Responsible for the timely submission of hedge reports to Head office with fully reconciled hedge accounting related numbers and act as key point of contact for any queries from Head office team
• Prepare monthly summary of all Fair Value Hedge (FVH) and Cashflow Hedge (CFH) Adjustments – split by hedging categories, to enhance the Account Ownership Reconciliation Process (AORP)

Minimum skills and experience required:

• Qualified accountant with experience in a Financial Services industry
• Knowledge of Treasury Products, including Loans and deposits, Derivatives, Interest Rate, Inflation, Cross currency, Equity linked, Bonds, corporate and government
• Strong knowledge and experience of accounting for financial instruments, including detailed knowledge and understanding of IAS32, IFRS 9, IAS39 rules

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Contact Andrew about this job

AVP, Consultant