At a Glance
- Tasks: Lead hedge accounting implementation and enhance financial reporting processes.
- Company: Join a purpose-driven mutual, committed to fairer finances.
- Benefits: Enjoy 25 days holiday, private medical insurance, and a competitive pension.
- Other info: Flexible working options and a supportive team culture await you.
- Why this job: Make a meaningful impact in finance while growing your career.
- Qualifications: Qualified accountant with experience in hedge accounting and Treasury finance.
The predicted salary is between 56700 - 69300 £ per year.
As a Finance Manager within our Hedge Accounting team, you’ll take the lead on our implementation of Risk Mitigation Accounting (RMA) within Nationwide and support the development of Hedge Accounting for the Society. You’ll take responsibility for translating the new accounting standard into a workable framework, shaping data, modelling, behavioural assumptions, and governance requirements. You will ensure that all opportunities are taken to simplify processes and to enhance the integrity, efficiency, and accuracy of financial reporting and controls.
You will be a key member of the Treasury Finance team at Nationwide and take responsibility for areas of Treasury financial reporting as required. We are happy to consider flexible working approaches to help you perform at your best. The working hours (per week) for this role can be between 28 and 35 hours. At Nationwide we offer hybrid working wherever possible.
Responsibilities:
- As Finance Manager – Hedge Accounting, you’ll be a subject matter expert for hedge accounting and Treasury financial reporting, working at the centre of Treasury, Risk, Change and Financial Reporting.
- You’ll play a key role in shaping how the Society responds to evolving accounting standards and market developments, helping to influence strategy, policy and decision‑making across the business.
- You’ll lead the assessment and implementation of hedge accounting developments and the RMA framework, providing expert analysis, policy interpretation and recommendations that support Nationwide’s long‑term roadmap.
- Working with senior stakeholders and external industry forums, you’ll bring valuable insight to complex challenges and help shape future accounting policy.
- Drawing on your expertise in IFRS 9, financial instruments and Treasury activities, you’ll provide trusted advice on new transactions, develop robust accounting policies, and translate complex technical issues into clear, actionable insight.
- You’ll also ensure accurate financial reporting, disclosures and audit readiness, while continually enhancing the hedge accounting risk and control environment to keep Nationwide well positioned for the future.
About you:
- Qualified accountant (ACA, ACCA, CIMA or equivalent), with significant post qualification experience.
- Proven experience in hedge accounting, Treasury Finance or product control within a financial services environment.
- Demonstratable experience of derivatives, funding structures and balance sheet risk management.
- A deep understanding of and the ability to value financial instruments found in the banking book of a large financial institution.
- Excellent IT skills including Excel in particular.
- Clear and engaging communicator, able to simplify complex accounting concepts.
- An understanding of the developments to date of RMA would be useful.
Our customer first behaviours put customers and members at the heart of how we work together. They are the set of behaviours that every colleague needs to display, in every role:
- Feel what customers feel - We step into our customers’ shoes, using their feedback and insights to empathise with them and to understand their needs.
- Say it straight - We are brave in speaking out and saying what we think - we’re honest and direct with good intent.
- Push for better - We don’t settle for mediocrity, we challenge the status quo, taking responsibility for continuous improvement and personal development.
- Get it done - We prioritise what will have the greatest impact, we are decisive, and we take accountability for delivering brilliant customer outcomes.
You can strengthen your application by showing how our customer first behaviours resonate with you, and where you may have already demonstrated these.
Qualifications:
- 25 days holiday, pro rata.
- Private medical insurance.
- A highly competitive pension to help you build a strong foundation for retirement.
- Access to an annual performance‑related bonus.
- Training and development to help you progress your career.
- A great selection of additional benefits through our salary sacrifice scheme.
- Life assurance to provide peace of mind for you and your loved ones in the event of your death.
- Wellhub - access to a range of free and paid options for health and wellness.
- Up to 2 days of paid volunteering a year.
At Nationwide, you are challenged to grow and rewarded for doing so. Valued. Recognised. Inspired to be your best. As a community, we want our working lives to count. As a team, we celebrate what we achieve.
We respond to everyone, so we will be in contact shortly after the closing date to let you know the outcome of your application.
Finance Manager - Hedge Accounting employer: Nationwide
At Virgin Money, we pride ourselves on being an exceptional employer, offering a supportive and dynamic work environment in Cleckheaton. Our commitment to employee growth is evident through ongoing training and development opportunities, alongside a competitive benefits package that includes generous holiday allowances, health and wellness resources, and a strong pension plan. Join us to be part of a team that values customer care and community impact, where your contributions are recognised and celebrated.
