Hedge Accounting Manager

As a Hedge Accounting Manager, you'll design the bank's RMA application, translating the exposure draft into a workable framework, and shaping data, modelling, behavioural assumptions, and governance requirements. You'll also lead and execute RMA field testing, including scenario runs, parallel comparisons to current hedge accounting, and preparing insight-driven outputs. In addition, you'll be:

• Working closely with Assets & Liability Management, Treasury, and Finance to validate data readiness, assess measurement approaches, and identify infrastructure gaps
• Engaging with senior stakeholders and external forums, contributing analysis, insights, and well-structured documentation
• Producing high-quality materials for governance, auditors, and decision-makers, covering design proposals, test outcomes, and reporting implications
• Translating testing insights into future RMA policy design, supporting the development of the bank's longer-term roadmap
• Designing the bank's approach to adopting IFRS 9 general hedge accounting, shaping methodologies, documentation, and governance
  
  To succeed in this role, you'll need knowledge and experience of applying the technical requirements of international financial reporting standards that apply to hedge accounting. You'll also need a track record of successfully applying accounting concepts to add value in a financial environment.
On top of this, you'll need a strong awareness of the control environment requirements for hedge accounting, how banks manage risk in the banking book, what the application of hedge accounting achieves, and the limitations of hedge accounting. You'll also need:
• A deep understanding of financial instruments found in the banking book of a large financial institution
• A deep understanding of the developments to date of the IASB's RMA model
• An awareness of accounting in a regulatory environment
• Strong IT knowledge, including Excel and Access
• A track record of building relationships with technical and non-technical stakeholders across the business
• The ability to work under pressure, and to handle change in a dynamic environment
• Good interpersonal and communication skills, with the ability to work across different teams and levels
  
  We'll look to you to manage the bank's response to the International Accounting Standards Board's (IASB) Risk Mitigation Accounting (RMA) IFRS, designing the application of RMA and IFRS 9 hedge accounting for the Group
• Represent the team in industry forums, helping to craft responses for regulators, standard setters, and Group leadership
• This role will provide you with a platform to keep building your knowledge and expertise, and offers you great exposure for you and your work
• We have one permanent position available and also a two-year fixed term contract opportunity
• We offer a hybrid way of working where you'll spend at least two days per week in the London office