At a Glance
- Tasks: Manage hedge accounting and regulatory reporting for a dynamic challenger bank.
- Company: Exciting challenger bank with a focus on innovation in finance.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Why this job: Join a forward-thinking team and make an impact in the banking sector.
- Qualifications: Qualified accountant with knowledge of IFRS 9 and hedge accounting.
- Other info: Full-time role with opportunities for career advancement in finance.
The predicted salary is between 36000 - 60000 £ per year.
This range is provided by JSS Search. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
Direct message the job poster from JSS Search
Recruiting Treasury & Risk Professionals – JSS Search
My client is an exciting challenger bank, looking for a Treasury Accountant to join their finance team. This role has a broad remit across hedge accounting, investment bond portfolios and repo/reverse repo structures.
Responsibilities
- Hedge accounting – hedge relationships, hedge effectiveness testing, compliance with IFRS 9
- Repo/reverse repo transactions
- Regulatory reporting – inputs for PRA/BoE returns, ICAAP/ILAAP support
Requirements
- Qualified accountant (ACA, ACCA, CPA etc)
- Understanding of IFRS 9 (hedge accounting, classification & measurement, expected credit losses)
- Knowledge of IAS 39 (for legacy hedges) and IFRS 7 disclosure requirements
- Familiarity with derivatives, debt instruments and structured products
- Understanding of interest rate risk, FX risk and liquidity risk management
- Knowledge of BoE, PRA and FCA reporting
Seniority level
- Associate
Employment type
- Full-time
Job function
- Finance
- Industries: Banking and Financial Services
London, United Kingdom
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Treasury/Hedge Accountant (Banking) employer: JSS Search
Contact Detail:
JSS Search Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Treasury/Hedge Accountant (Banking)
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking and finance sector. We all know that sometimes it’s not just what you know, but who you know. Attend industry events or webinars to meet potential employers and make a lasting impression.
✨Tip Number 2
Prepare for those interviews! Research the company and understand their values, especially if they’re a challenger bank. We want you to be able to discuss how your skills in hedge accounting and IFRS 9 can add value to their team. Practice common interview questions and have your own ready to go!
✨Tip Number 3
Showcase your expertise! Create a portfolio or a presentation that highlights your experience with hedge relationships and regulatory reporting. We believe that demonstrating your knowledge of IFRS 9 and IAS 39 can really set you apart from the competition.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for talented individuals like you. Keep an eye on our listings and make sure your application stands out by tailoring it to each role you’re interested in.
We think you need these skills to ace Treasury/Hedge Accountant (Banking)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Treasury Accountant role. Highlight your experience with hedge accounting and regulatory reporting, as these are key for us. Use specific examples that showcase your skills in IFRS 9 and IAS 39.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Tell us why you're excited about this role at our challenger bank. Mention your understanding of interest rate risk and liquidity risk management, and how you can contribute to our finance team.
Showcase Relevant Qualifications: Don’t forget to mention your qualifications like ACA, ACCA, or CPA. We want to see that you have the right credentials to back up your expertise in hedge accounting and compliance with IFRS standards.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at JSS Search
✨Know Your Numbers
Brush up on your knowledge of IFRS 9 and IAS 39. Be ready to discuss how these standards apply to hedge accounting and the implications for compliance. This shows you’re not just familiar with the theory but can also apply it practically.
✨Showcase Your Experience
Prepare specific examples from your past roles that highlight your experience with repo/reverse repo transactions and regulatory reporting. Use the STAR method (Situation, Task, Action, Result) to structure your answers clearly and effectively.
✨Understand the Bigger Picture
Familiarise yourself with the current trends in interest rate risk, FX risk, and liquidity risk management. Being able to discuss these topics will demonstrate your awareness of the banking landscape and how it impacts the role.
✨Ask Insightful Questions
Prepare thoughtful questions about the bank's approach to hedge accounting and their strategies for managing risks. This not only shows your interest in the role but also helps you gauge if the company aligns with your career goals.