Hedge Accounting AVP

2 weeks ago

London, United Kingdom Barclays Full time

The Treasury HA function sits at the centre of Treasury’s risk management activities, often acting as a key business partner to the Treasury function; helping to deliver accounting solutions that reduce the firm’s volatility of earnings experienced through fair value accounting. The role 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. The team has wide diversity in responsibilities and interacts with stakeholders from multiple FTCs across the bank.

Key Accountabilities

  • Understanding and reporting across multiple entities in a solus and consolidated lens, forging stakeholder relationships at each entity level
  • Ledger management, control and journal execution in a complex accounting discipline
  • Review, build and run regression models and trade pricing tools that underpin bespoke trading strategies supported by Hedge Accounting
  • Identify and develop ‘lean’ ways of working; leveraging Product Control tools where possible
  • Manage and support technology development of in-house Hedge Accounting platform and related models
  • Develop an understanding of how potential rates movement in the UK, US and across the Globe impacts Hedge Accounting’s ability to mitigate P&L volatility and support resolution analytics on an ongoing basis

Essential Skills/Basic Qualifications:

  • 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 Excel skills (VBA, SQL, Python highly desirable but not necessary)
  • Demonstrable experience of participating in change projects
  • Desirable experience of linking entity results through to financial statement production
  • Fully qualified accountant
  • Degree (or higher) educated

You may be assessed on 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.

Purpose of the role

To report and analyse hedging relationships, identify potential hedge accounting opportunities, and implement effective hedging strategies to mitigate accounting asymmetry risk.

Accountabilities

  • 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.

Assistant Vice President Expectations

  • 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.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

#J-18808-Ljbffr

  • Hedge Accounting AVP

    2 weeks ago

    London, United Kingdom Barclays Full time

    Job Description Purpose of the role To report and analyse hedging relationships, identify potential hedge accounting opportunities, and implement effective hedging strategies to mitigate accounting asymmetry risk. Accountabilities Design and implementation of effective hedge accounting strategies that support the bank's overall risk management...

  • Hedge Accounting AVP

    2 weeks ago

    London, United Kingdom Barclays Full time

    The Treasury HA function sits at the centre of Treasury’s risk management activities, often acting as a key business partner to the Treasury function; helping to deliver accounting solutions that reduce the firm’s volatility of earnings experienced through fair value accounting. The role is principally responsible for monthly monitoring and reporting of...

  • Hedge Accounting AVP

    1 week ago

    London, United Kingdom Barclays Full time

    Job DescriptionPurpose of the roleTo report and analyse hedging relationships, identify potential hedge accounting opportunities, and implement effective hedging strategies to mitigate accounting asymmetry risk.AccountabilitiesDesign and implementation of effective hedge accounting strategies that support the bank's overall risk management framework and...

  • Hedge Accounting AVP

    2 months ago

    London, UK, United Kingdom Barclays Full time

    The Treasury HA function sits at the centre of Treasury’s risk management activities, often acting as a key business partner to the Treasury function; helping to deliver accounting solutions that reduce the firm’s volatility of earnings experienced through fair value accounting. The role is principally responsible for monthly monitoring and reporting of...

  • Hedge Accounting Avp

    7 months ago

    London, United Kingdom Eames Consulting Full time

    **Job Details**: **Sector**: Finance & Accountancy- **Location**: City of London- **Job Ref**: 1118_1692968991- **Job Type**: Permanent- **Salary**: £75000 - £80000 per annum- **Contact**: Chirag Raichura**Responsibilities**: - Analysing new trades to determine appropriate accounting treatment under IAS39. - Identification, designation and documentation...

  • Senior Hedge Accounting Specialist

    2 months ago

    London, Greater London, United Kingdom Barclays Full time

    About the RoleThe Hedge Accounting team at Barclays is seeking a highly skilled and experienced professional to join our team as a Senior Hedge Accounting Specialist. In this role, you will be responsible for designing and implementing effective hedge accounting strategies that support the bank's overall risk management framework.Key AccountabilitiesDesign...

  • Collateral Management

    1 week ago

    London, United Kingdom cer Financial Ltd Full time

    Collateral Management / Assistant Vice President (AVP)Location: City of London / HybridType: PermanentSalary: £60,000cer Financial are working alongside a mid tier diverse bank who are based in the City of London. They are seeking a Collateral Management / Assistant Vice President (AVP) who are based in the City of London.Responsibilities of a Collateral...

  • Collateral Management

    2 weeks ago

    London, United Kingdom cer Financial Ltd Full time €60,000

    Collateral Management / Assistant Vice President (AVP) Location: City of London / Hybrid Type: Permanent Salary: £60,000 cer Financial are working alongside a mid tier diverse bank who are based in the City of London. They are seeking a Collateral Management / Assistant Vice President (AVP) who are based in the City of London. Responsibilities of a...

  • Senior Financial Data Engineer

    2 days ago

    London, Greater London, United Kingdom Paragon Alpha - Hedge Fund Talent Business Full time

    Paragon Alpha, a leading provider of hedge fund talent solutions, is partnering with a prominent systematic trading outfit with an impressive $22BN AUM. This exceptional trading firm has achieved remarkable results, outperforming competitors with over 35% growth in 2024. Their success can be attributed to their state-of-the-art technology infrastructure,...

  • Accounting Director Hedge Fund

    2 days ago

    London, Greater London, United Kingdom SS&C Technologies Full time

    Hedge Fund Accounting ExpertWe are looking for an experienced Hedge Fund Accounting Expert to join our team in Windsor, Connecticut.In this role, you will be responsible for providing comprehensive Back Office operations support to our UK clients, working closely with internal teams to ensure seamless service delivery.You will also be involved in staff...

  • Head of Regional Hedging

    6 months ago

    London, United Kingdom BRUIN Financial Full time

    Permanent - London, **Ref**: 35560 We are currently seeking an accomplished professional to join this team in the position of Head of Regional Hedging Unit (RHU) - Americas at a leading bank. In this capacity, you will: - Oversee all aspects of Hedge Accounting activities, controls, and methodologies within the Americas region. Act as a central point of...

  • International Finance, AVP

    3 months ago

    London, United Kingdom Blackstone Full time

    Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $ trillion in assets under management include...

  • Avp - Leveraged Finance Portfolio Management

    6 months ago

    London, United Kingdom ConnectedGroup Limited Full time

    Non-disclosed London, United KingdomPosted 3 hours ago Hybrid Permanent company benefits and competitive bonus City of London based International Investment Bank **Description** AVP - Leveraged Finance Portfolio Management Actively engage in the internal rating process for up to 50 Leveraged Finance Borrowers, including: i) analyzing financial...

  • AVP Platforms

    6 days ago

    London, United Kingdom Salesforce Full time

    Job Category: Sales About Salesforce We’re Salesforce, the Customer Company, inspiring the future of business with AI+ Data + CRM. Leading with our core values, we help companies across every industry blaze new trails and connect with customers in a whole new way. Empower Innovation at Scale with Salesforce Salesforce, the world’s #1 CRM and a...

  • AVP Platforms

    1 week ago

    London, United Kingdom Salesforce Full time

    Job Category: SalesAbout SalesforceWe’re Salesforce, the Customer Company, inspiring the future of business with AI+ Data + CRM. Leading with our core values, we help companies across every industry blaze new trails and connect with customers in a whole new way.Empower Innovation at Scale with SalesforceSalesforce, the world’s #1 CRM and a global leader...

  • AVP, Financial Analysis

    2 days ago

    London, Greater London, United Kingdom Ares Management Corporation Full time

    About the Role:We are seeking a highly motivated and detail-oriented AVP, Financial Analysis to join our team in London. As an integral part of our Investment Operations group, you will be responsible for providing financial analysis and reporting to support investment decisions.The successful candidate will have 5-7 years of experience in public or fund...

  • Avp - Leveraged Finance Portfolio Management

    6 months ago

    London, United Kingdom ConnectedGroup Limited Full time

    City of London based International Investment Bank **Description** AVP - Leveraged Finance Portfolio Management Actively engage in the internal rating process for up to 50 Leveraged Finance Borrowers, including: i) analyzing financial audited/management accounts received from Borrowers ii) conducting both annual and ad-hoc Credit Monitoring of the Bank's...

  • Hedge Fund Accounting Specialist

    2 days ago

    London, Greater London, United Kingdom SS&C Technologies Full time

    Senior Accounting Professional - Hedge FundWe are seeking an experienced Senior Accounting Professional to join our team in Windsor, Connecticut.In this role, you will be responsible for providing comprehensive Back Office operations support to our UK clients, working closely with internal teams to ensure seamless service delivery.You will also be involved...

  • Accounts Payable with Global Hedge Fund

    6 months ago

    London, United Kingdom OCR Alpha Full time

    I am currently working with one of the fastest growing hedge funds globally on a newly created Accounts Payable role that has opened up due to cotinued growth. The role initially will be processing around 500 monthly invoices, but there is the opportunity to work on more complex tasks such as the monthly management accounts, audit and tax process. The firm...

  • Hedge Fund Credit Officer

    6 months ago

    London, United Kingdom Deutsche Bank Full time

    **Job Title: Hedge Fund Credit Officer** **Location: London** **Corporate Title**:AVP** The Chief Risk Office function has Group-wide responsibility for the management and control of all credit, market, operational, enterprise and liquidity risks and has the responsibility of continual development of methods for risk measurement, frameworks and creating a...