A leading UK and International Banking Group are looking for a qualified accountant with good hedge accounting knowledge to join them within their Central London office.
Your role will be to ensure that banking transactions are accounted for correctly under IFRS to minimise income statement and equity volatility. Role requires an in-depth knowledge of banking products and their impact on banking volatility.
Within this role your main responsibilities will be:
- Compile daily IFRS profit and loss reporting.
- Analysis of new trades to determine appropriate accounting treatment under IAS39.
- Identification, designation and documentation of micro hedge accounting relationships.
- Retrospective and prospective testing of hedge accounting relationships to ensure compliance with IAS39.
- Investigation into hedge ineffectiveness on new and existing hedge accounting relationships.
- Ensuring the appropriate accounting treatment of existing hedge accounting relationships.
- Continual assessment of the control environment, involving the design and implementation of control reports where applicable.
- Ad hoc work/projects as required, particularly at month end.
The successful candidate will be:
- ACCA or ACA Qualified (or equivilent)
- Experience within a similar role (Interest rate and FX environment)
- Good knowledge of banking products and the accounting for financial instruments
- Good understanding of IAS 39, especially hedge accounting rules and application.
The salary on offer is in the region of £60,000-£70,000 plus a great benefits and bonus structure. For immediate consideration please apply online or for more information or a confidential discussion, please contact james.otter@markssattin.com 02077479724