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|Salary||£50k to £60k|
|Sector||Finance & Accountancy|
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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