Company
Robert WaltersLocation
UK-LondonRemuneration
GBP53635 - GBP66256 per annum + Car allowance & London WeightingPosition Type
PermanentEmployment type
Full timeUpdated
30-Oct-2013eFC Ref no
1300170
We now have an opportunity for a
qualified accountant with a track record in risk management and product
control of hedge accounting to progress their career with the UK's
largest retail bank.
We now have an opportunity for a
qualified accountant with a track record in risk management and product
control of hedge accounting to progress their career with the UK's
largest retail bank.
The role requires an in-depth knowledge of banking products and their impact on banking volatility. You would be responsible for the identification, documentation, testing and accounting for bespoke micro hedge accounting packages and also for the management of the macro cash flow and the macro fair value models. Also to ensure that banking transactions are accounted for in the optimal way under IFRS to minimise income statement and equity volatility. Naturally, you would be IT proficient in the production of MI and analytics to assess various hedge accounting relationships.
Compile daily IFRS profit and loss reporting.
Analysis of new trades to determine appropriate accounting treatment under IAS39.
Identification, designation and documentation of micro hedge accounting relationships.
Retrospective and prospective testing of hedge accounting relationships to ensure compliance with IAS39.
Investigation into hedge ineffectiveness on new and existing hedge accounting relationships.
Ensuring the appropriate accounting treatment of existing hedge accounting relationships.
Continual assessment of the control environment, involving the design and implementation of control reports where applicable.
Continual improvement of existing IT processes to enhance the efficiency of the team's activities.
Ad hoc work/projects as required, particularly at month end.
Qualified accountant or relative experience in a similar role (Interest rate and FX environment)
Good knowledge of banking products and the accounting for financial instruments
Good understanding of IAS 39, especially hedge accounting rules and application.
Apply below or to find out more about the Banking Volatility Management job contact Rakesh Sudra on imf@robertwalters.com or call +44(0) 207509 8573 quoting the reference 1920910.
The role requires an in-depth knowledge of banking products and their impact on banking volatility. You would be responsible for the identification, documentation, testing and accounting for bespoke micro hedge accounting packages and also for the management of the macro cash flow and the macro fair value models. Also to ensure that banking transactions are accounted for in the optimal way under IFRS to minimise income statement and equity volatility. Naturally, you would be IT proficient in the production of MI and analytics to assess various hedge accounting relationships.
Compile daily IFRS profit and loss reporting.
Analysis of new trades to determine appropriate accounting treatment under IAS39.
Identification, designation and documentation of micro hedge accounting relationships.
Retrospective and prospective testing of hedge accounting relationships to ensure compliance with IAS39.
Investigation into hedge ineffectiveness on new and existing hedge accounting relationships.
Ensuring the appropriate accounting treatment of existing hedge accounting relationships.
Continual assessment of the control environment, involving the design and implementation of control reports where applicable.
Continual improvement of existing IT processes to enhance the efficiency of the team's activities.
Ad hoc work/projects as required, particularly at month end.
Qualified accountant or relative experience in a similar role (Interest rate and FX environment)
Good knowledge of banking products and the accounting for financial instruments
Good understanding of IAS 39, especially hedge accounting rules and application.
Apply below or to find out more about the Banking Volatility Management job contact Rakesh Sudra on imf@robertwalters.com or call +44(0) 207509 8573 quoting the reference 1920910.
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