NatWest Group

Hedge Accounting Manager (9 Months FTC)

NatWest Group
London, Greater London, United Kingdom, United Kingdom
Competitive salary
17 Apr 2024
20 Apr 2024
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Approved employer
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Experience level
Our people work differently depending on their jobs and needs. From hybrid working to flexible hours , we have plenty of options that help our people to thrive.

This role is based in the United Kingdom and as such all normal working days must be carried out in the United Kingdom.

Job description

Join us as a Hedge Accounting Manager
  • In this key role, you'll be managing the profit and loss volatility generated by derivative hedging instruments using a range of methodologies
  • We'll look to you to manage the hedge accounting processes of the bank and the controls framework
  • Working in a fast-paced environment, you'll benefit from great variety in your work as well as gain excellent exposure as you build relationships with a range of key stakeholders
  • We're offering this role for a period of 9 months
What you'll do

As a Hedge Accounting Manager, you'll be supporting the accounting standards requirements, including effectiveness testing, external disclosures and the development of a robust methodology to support persistency arguments, underpinning the bank's macro cash flow hedging programme.

By maintaining effective cash flow and fair value accounting hedges for the bank, you'll also be linking external and internal derivatives to the range of underlying balance sheet positions using knowledge and systems.

Through the course of your work, you'll be:
  • Providing technical accounting guidance to support with the structuring of transactions
  • Working with business finance functions to resolve outstanding issues and make sure a robust control framework is in place
  • Working with IT support to develop the bank's hedge accounting platform
  • Supporting projects across the wider team including hedge accounting support for strategic projects
  • Producing and reviewing management information for distribution to senior executives in treasury and other senior management
  • Understanding the drivers of the profit and loss derivative volatility and supporting the development of hedging solutions
The skills you'll need

To thrive in this role, you'll need a track record of successfully applying accounting concepts to add value in a financial environment along with building relationships with technical and non-technical stakeholders across the business.

You'll also need a strong awareness of a controls environment for hedge accounting trades substantiation, and linking of hedge accounting trades to underlying transactions.

Additionally, you'll need:
  • Technical knowledge of the requirements of international accounting standards and an understanding of emerging accounting requirements
  • Strong IT knowledge including good Microsoft Excel and Access skills
  • An understanding of market risk concepts with an awareness of accounting in a regulatory environment
  • The ability to build relationships with a range of stakeholders across the business
  • Good interpersonal and communication skills with the ability to work across different teams and levels

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