Hedge Accountant

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Job description

My client is a leading retail bank. This role is based in the City of London.

Job Description
The Hedge Accountant will be responsible for:

• Preparing all IAS 39 hedging documentation, and performing all necessary reconciliations and balance sheet substantiation for balances relating to hedging accounting
• Preparing all necessary analysis to ensure the IAS 39 hedge accounting is complete and accurate
• Analysing viability of proposed hedging strategies from an IAS 39 perspective and provide proper guidance/advice to Front Office and other departments
• Producing the hedge analysis and disclosures required by Group Finance in monthly hedge disclosures
• Ensuring a full audit trail for all accounting and reconciliation processes, and ensuring that the control infrastructure around the reconciliation process is robust
• Flagging and investigating any problems or unusual items in hedged packages

The Successful Applicant
The successful Hedge Accountant candidate will have:

• Strong technical accounting (hedge accounting knowledge) especially IAS39, IFRS 9 and IFRS 7
• Extensive Treasury product knowledge with a strong emphasis on derivative valuation knowledge including an understanding of the drivers of changes in valuation
• Qualified accountant ACA/ACCA/CIMA
• Previous experience in hedge accounting / Treasury Finance / Product control team, or strong technical financial services / instrument experience PQE from practice is desirable
• Excellent attention to detail, and the ability to work accurately under pressure, often to very tight timescales
• Excellent MS Excel skills and communication skills

What's on Offer
This is a permanent role offering a basic salary of £75,000 - 85,000 depending on experience, as well as competitive bonus and benefits.

Contact
Victoria Karpinski

Quote job ref
JN-032208

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