Banking Volatility Management
A leading UK Banking Group is currently seeking a Volatility 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 accounting 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 account
§ 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 trades
§ Continual assessment of the control environment, involving the design and implementation of control reports where applicable
§ Provide support to IT systems integration projects, UAT testing etc
We are seeking qualified accountants (ACA, ACCA, CIMA or equivalent) with demonstrable experience within a similar, interest rate environment. You will have a good understanding of banking products and how to account for them, a good understanding of IAS39 (especially hedge accounting) and the aptitude to proactively work with other areas in the business, whilst raising, challenging and resolving issues as they arise.
MSACA
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