Treasury Finance Volatility Management.

  • 400p/d
  • London, England, United Kingdom
  • Contract, Full time
  • B&FS Finance
  • 11 Jan 18 2018-01-11

Contract 3 months Qualified accountant Good understanding of IAS 39 Treasury


  • Ensure that banking transactions are accounted for in the optimal way under IFRS to minimise income statement and equity volatility.
  • Role requires an in-depth knowledge of banking products and their impact on banking volatility.
  • Responsible for the identification, documentation, testing and accounting for bespoke micro hedge accounting packages and also for the management of the macro cash flow and the macro fair value models.
  • The manager plays a key role in developing both existing processes and the control environment.
  • Production of MI and analytics to assess various hedge accounting relationships.
  • Liaison with other Finance teams as part of the reporting process, and liaison with other GCT Front Office teams as part of the day-to-day hedge accounting activities.



  • 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.
  • Continual improvement of existing IT processes to enhance the efficiency of the team’s activities.
  • Ad hoc work/projects as required, particularly at month end.



  • Adapting to change and uncertainty
  • Attention to detail
  • Team working and coaching
  • Providing excellent customer service
  • Clear and regular communication with stakeholders




Business Skills/Experience

  • Ability to work and communicate well in a small team
  • Willingness to proactively interact with other areas of finance and the business to communicate issues affecting other areas
  • Capacity to continually raise, challenge and resolve issues as and when they arise


Technical Skills/Experience

  • Qualified accountant or relative experience in 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.
  • Intermediate/Advanced Excel
  • An aptitude and willingness to learn other IT processes