Assistant Manager, Banking Volatility, Hedge Accounting
A leading UK Banking Group is currently seeking a Hedge Accounting Assistant Manager to join their Group Treasury area. This role offers a fantastic opportunity to develop a highly technical and specialist skill set, as well as the chance to gain exposure across the wider Treasury function in a culture renowned for its progression and training support.
Your role will focus on ensuring that banking transactions are accounted for in the optimal way under IFRS to minimize volatility across income statement and equity by identifying, documenting and testing bespoke 'micro' hedge accounting packages and for the management of the 'macro' cash flow fair value models
Accountabilities will include:
* 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.
We are seeking qualified accountants (ACA, ACCA, CIMA or equivalent) or finalists with an understanding of the treasury / interest rate environment. The successful candidate will either come from a financial services or a practice background, with an understanding of IFRS/IAS39 and the drive and ambition to become a subject matter export in an area of focus across the financial services world.
For immediate consideration, please apply online or for more information or a confidential discussion, please contact Greg Hardman on 0207 3215000 or greg.hardman@markssattin.com MSACA
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