CommBank

Executive Manager, Hedge Accounting

Recruiter
CommBank
Location
Sydney CBD Area
Salary
Competitive salary
Posted
17 Oct 2019
Closes
24 Oct 2019
Ref
20063909_10092019
Approved employers
Approved employer
Contract type
Permanent
Hours
Full time

See yourself in our team

As part of Group Treasury Finance, the Hedge accounting team is a small, very specialised and high performing team where you will have responsibility for:

  • Oversight of Hedge accounting policy compliance with IFRS and maintenance of CBA Group’s policy framework;
  • Oversight of Group’s Noncash P&L policy framework (Noncash P&L being adjustment between management preferred view of CBA result on a Cash P&L basis to Statutory results under IFRS);
  • Provision of hedge accounting sign offs on any new products, transactions,, etc.;
  • Management of operational aspects of hedge accounting including booking hedge relationships, accounting entries, effectiveness testing, documentations, reporting;
  • Create teams SOPs
  • Drive standardization, simplification and automation

Do work that matters

Key requirements of the role include:

  • Demystify and optimize existing processes with focus on automation and simplification;
  • Keep enhancing P&L attribution and reporting processes;
  • Key interface between Treasury Front Office, Group Finance and Risk teams;
  • Focus on a continuous agenda of value adding activities for our key stakeholders;
  • Liaison with Treasury Front desk, Murex support team, Treasury IT to automate and standardize processes to avoid any manual hurdles;
  • Leverage existing data platforms to automate reconciliations and review processes, in particular a utilization of RACE, GTRS, CHARMS and existing Murex reports;
  • Transparent & understood & controlled product hedge accounting function;
  • Provide monthly/ semi-annually P&L and Balance sheet analysis of the PRM MtM activities

We’re interested in hearing from people who

  • Tertiary Qualifications: Accounting Discipline, CPA – High Importance
  • Ability to analyze & solve complex problems involving transactions spanning multiple Business Units
  • Industry experience and understanding of Treasury principles & operations.
  • Background and technical accounting experience with transfer pricing and market risk concepts.
  • Commercial awareness and business partnering abilities.
  • Ability to form sound working relationships and influence people.
  • Effective communication & interpersonal skills to meet customer, function and Group needs;
  • Ability to identify current and potential issues in the management reporting and analysis outputs and to devise & implement appropriate policy and process improvements in response.
  • Familiarity with Murex, PeopleSoft, GTRS, Essbase preferred and strong Excel & Database query skills are essential.

The people, businesses and communities we serve are wonderfully diverse. To reflect this, we're committed to hiring a similarly diverse workforce. With a focus on inclusion, accessibility and flexibility, we'll support you at every stage of your career.

Applications close: 30 Oct 2019 AUS Eastern Daylight Time

For further information, and to apply, please visit our website via the “Apply” button below.

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