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Hedge Accountant/ Treasury Process Review Manager

Employer
Fraser Carver Executive Search
Location
London, UK
Salary
Competitive
Closing date
Oct 17, 2019

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Job Role
Management Accountant
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Your role will be within the Business Transformation team, part of (GCT) Group Corporate Treasury - Finance, Controls and Operations (FCO). This team is responsible for delivering the FCO financial reporting aspects and partnering to GCT desks for 'one off complex transactions as well as ensuring the appropriate governance and sign off is completed by various stakeholders around the Group. They also use the Lean framework to facilitate and support GCT teams in completing business process reviews, to ensure processes are effective and efficient at meeting customer's needs. Initially, your primary focus will be on 'one off complex transactions' with key accountabilities including: Analysis and reporting of the statutory and management accounting impacts of the transaction on the Group, both from a day1 and on-going basis Analysis and reporting the hedge accounting impact of the transaction on the Group, including the impact on capacity on the existing hedge accounting models Analysis, reporting and understanding the legal entity impact of the transaction Ensuring from a governance perspective that issues are highlighted to key stakeholders on a timely basis through the complex transaction review process and escalated appropriately Ensuring completeness of sign off from the various stakeholders. Over time you'll also start to assist in providing full facilitation of business process reviews to GCT teams, utilising the Lean principles and following the DMAIC framework. You'll be completing comprehensive reviews and providing implementation road map packs for senior sponsors, to help identify 'waste' and improvement opportunities. You'll help drive the continuous improvement culture, assisting with Lean training and advocate GCT Operational Excellence initiatives. This role requires real technical expertise but isn't driven by the usual month or year-end reporting cycle. The analysis you undertake into one off complex transactions will be high profile, involve significant stakeholder interaction and your day to day role will benefit from a real breadth and variety. You must be a Qualified Accountant (Ideally ACA/ICAEW) with post qualification experience gained within a Treasury function. Industry background is less important than your ability to demonstrate an in-depth knowledge and understanding of the purpose of a Group Treasury function within a Bank and the key responsibilities of each of the teams in the division, how one-off complex transactions need to be accounted for under IAS39 / IFRS9 and the impact this has on the financial position. You'll also need to demonstrate your knowledge of banking products and the accounting of financial instruments and derivatives (interest rate/FX), have the commercial acumen to get behind the numbers to understand the economic and business rationale for completing a transaction, and be able to explain the financial impact of the transaction on the Group. Whilst Hedge Accounting experience would be useful, it is not essential, and the same goes for previous experience of the Lean / DMAIC framework. As you'll be managing the relationship with the front office, you must have excellent communication skills, be adept at using Excel and PowerPoint to give stakeholder presentations and be confident in understanding and simplifying complex business issues. You'll also need a controls focused and continuous improvement mindset, combined with a collaborative and business partnering approach.

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