Treasury Hedge Accounting Assistant Vice President Job at Barclays (Chennai)

Job Description

Join us as a Treasury Hedge Accounting Assistant Vice President at Barclays, where you'll spearhead the evolution of our digital landscape, driving innovation and excellence. You'll harness cutting-edge technology to revolutionize our digital offerings, ensuring unapparelled customer experiences. 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.

Job Responsibility

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

Requirements

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
experience with hedge accounting knowledge [cash flow and fair value]

Nice to have

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

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Treasury Hedge Accounting Assistant Vice President

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