Hedge Accounting Analyst
Barclays · Posted Oct 20
Banking, credit card, corporate, investment banking, and wealth management services
Get a personal compatibility score
Add a resume for personal matches
About the role
The Barclays hedge accounting team is principally responsible for monthly monitoring and reporting of segmental (head office) and statutory P&L, and model management of certain bespoke hedge accounting activities, interacting with stakeholders from multiple FTCs across the bank. The role sits within finance/risk reporting, covering hedge accounting strategies, effectiveness testing, fair value measurement and documentation supporting Barclays Annual Accounts. The analyst reports and analyses hedging relationships, identifies hedge accounting opportunities and implements strategies to mitigate accounting asymmetry risk, based in the Noida or Chennai office.
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.
- To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
- Partner with other functions and business areas.
- Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
- Advise and influence decision making within own area of expertise.
- Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to.
- Make evaluative judgements based on the analysis of factual information, paying attention to detail.
- Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
- Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.
Skills used in this role
What the employer is looking for
- Basic hedge accounting knowledge [cash flow and fair value] would be advantageous, ideally gathered in a financial institution with interest rates being the key managed risk.
- Excellent written and verbal communication skills; tested in a variety of mediums including presentations, policy documents and stakeholder meetings/forums.
- Has the initiative and ability to break down problems into components parts and resolving them.
- Attention to detail and analytical.
- Desirable experience of linking entity results through to financial statement production.
- Fully qualified accountant.
- Degree (or higher) educated, from a top tier university.
Preferred qualifications
- CFA / master’s 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
Recent coverage
The Guardian
Barclays to cut 5,000 jobs as AI replaces roles2026-10-22
Investing.com
Barclays Q3 2026 slides show mixed results, on track for targets2026-10-22
Euronews
Barclays cuts 5,000 jobs as net profit grows 13% in Q32026-10-22