Assistant Vice President - Treasury Hedge Accounting
Barclays · Posted Oct 12
Banking, credit card, corporate, investment banking, and wealth management services
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About the role
This role sits within Barclays' treasury hedge accounting function and focuses on reporting and analysing hedging relationships, identifying hedge accounting opportunities, and implementing effective hedging strategies to mitigate accounting asymmetry risk. The work covers hedge documentation, effectiveness testing, fair value measurement, and reporting hedge accounting effectiveness for Barclays Annual Accounts. It is based in Noida.
What you will do
- To report and analyse hedging relationships, identify potential hedge accounting opportunities, and implement effective hedging strategies to mitigate accounting asymmetry risk.
- Design and implementation of effective hedge accounting strategies that support the bank's overall risk management framework and adjust as needed to maintain hedge effectiveness and respond to changes in market conditions.
- Assessment of potential hedge accounting relationships between financial instruments, considering factors such as effectiveness, designation, and hedge ratio.
- Preparation and maintenance of comprehensive hedge accounting documentation, including hedge designation reports, effectiveness testing results, and fair value measurements and ensure that hedge accounting documentation is accurate, compliant with accounting standards, and readily available for audit review.
- Fair value measurements for financial instruments, including both hedged and hedging instruments, using appropriate valuation methodologies, and calculation and recording of hedge accounting adjustments, including hedge ineffectiveness adjustments, to reflect the impact of hedging relationships on the financial statements.
- Management of regular effectiveness testing of hedging relationships to assess whether they continue to meet the requirements for hedge accounting, and evaluation of the effectiveness of hedging strategies and adjust as needed to maintain hedge effectiveness.
- Report the internal and external statutory view of hedge accounting effectiveness for presentation into Barclays Annual Accounts.
- Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
- Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
- Take ownership for managing risk and strengthening controls in relation to the work done.
- Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
- Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
- Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
- Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
- Influence or convince stakeholders to achieve outcomes.
Skills used in this role
What the employer is looking for
- Personable individual; with an ability to influence effectively others towards desired outcomes.
- Collaborative person; who leads and generates ideas but listens to the views of others.
- A track record of success in developing and meeting tight, but realistic, deadlines.
- Holds themselves accountable for key responsibilities, effectively managing stakeholder expectations.
- A continuous learning mind-set; someone who applies analytical reasoning and problem solving to all they do.
- You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.
Preferred qualifications
- CFA / Masters in Finance / Financial Engineering would be an advantage.
- Articleship / Industrial trainee in mid to large sized firms.
- Audit exposure in large financial institutions / banks preferred.
Benefits and support
- Compensation and benefits are detailed in the job posting
About Barclays
Barclays is a British multinational universal bank that provides consumer, corporate, and investment banking, as well as wealth management services. Tracing its origins back to 1690 in London, the institution operates globally to serve millions of retail and institutional clients. The bank leverages cutting-edge technology and digital platforms to drive operational efficiency across its international network.
- Industry
- Banking
- Company size
- 93000+ employees
- Founded
- 1690
- Location
- London, United Kingdom
- Funding stage
- Public Company
Leadership
Group Chief Executive
Group Finance Director
Group Chief Operating Officer
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