Banking Volatility Manager – Group Corporate Treasury recruitment
A top tier Investment Bank are looking to recruit a qualified accountant to sit in their Group Corporate Treasury function. Group Treasury ensure that banking transactions are accounted in the optimal way under IFRS to minimise income statement and equity volatility. The team are responsible for the identification, documentation and testing of bespoke 'micro' hedge accounting packages and also for the management of the 'macro' cash flow and the macro fair value models. The role requires an in-depth knowledge of banking products and impact on banking volatility.
ACCOUNTABILITIES
- 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.
- Continual improvement of existing IT processes to enhance the efficiency of the team.
- Ad hoc work/projects as required, particularly at month end.
- Additional coaching responsibilities.
- Provide support to IT systems integration projects, UAT testing etc.
KEY COMPETENCIES
- Adapting to change and uncertainty
- Attention to detail
- Team working and coaching
- Providing excellent customer service
- Clear and regular communication with stakeholders
KEY KNOWLEDGE / SKILLS
Business Skills/Experience
- Ability to work and communicate well in a small team
- Willingness to proactively interact with other areas of finance and the business to communicate issues affecting other areas
- Capacity to continually raise, challenge and resolve issues as they arise
Technical Skills/Experience
- Qualified accountant or relative experience in a similar role (Interest rate environment)
- Good knowledge of banking products and the accounting of financial instruments
- Good understanding of IAS 39, especially hedge accounting.
- Intermediate/Advanced Excel
- An aptitude and willingness to learn other IT processes
August 4, 2012
• Tags: Accounting & Finance careers in the UK, Banking Volatility Manager, Group Corporate Treasury recruitment • Posted in: Financial