Role: Hedge Accounting Specialist - VP
Location: London
Purpose of the role
To report and analyse hedging relationships, identify potential hedge accounting opportunities, and implement effective hedging strategies to mitigate accounting asymmetry risk.
Accountabilities
* Design and implement effective hedge accounting strategies that support the bank’s overall risk management framework and adjust as needed to maintain hedge effectiveness and respond to changes in market conditions.
* Assess potential hedge accounting relationships between financial instruments, considering factors such as effectiveness, designation, and hedge ratio.
* Prepare and maintain comprehensive hedge accounting documentation, including hedge designation reports, effectiveness testing results, and fair value measurements to ensure accuracy, compliance with accounting standards, and audit readiness.
* Calculate fair value measurements for both hedged and hedging instruments using appropriate valuation methodologies, and record hedge accounting adjustments, including ineffectiveness adjustments, to reflect the impact on financial statements.
* Manage regular effectiveness testing of hedging relationships to determine ongoing eligibility for hedge accounting and adjust strategies as required to maintain effectiveness.
* Report the internal and external statutory view of hedge accounting effectiveness for presentation in Barclays Annual Accounts.
Vice President Expectations
* Contribute or set strategy, drive requirements, and make recommendations for change; plan resources, budgets, and policies; manage and maintain policies and processes; deliver continuous improvements and address policy breaches.
* Define jobs and responsibilities, plan for the department’s future needs, counsel employees on performance, and shape pay decisions when managing a team.
* Demonstrate leadership behaviours that create an environment for colleagues to thrive and deliver consistent excellence; focus on listening, energising, aligning, and developing others.
* Act as a subject‑matter expert, guide technical direction, lead collaborative assignments, coach less‑experienced specialists, and provide insights for long‑term profits and strategic decisions when working as an individual contributor.
* Advise key stakeholders, including functional leadership and senior management, on functional and cross‑functional impact and alignment.
* Manage and mitigate risks through assessment, support the control and governance agenda, and strengthen controls in the work of your team.
* Demonstrate comprehensive understanding of organisational functions to support business goals.
* Collaborate with other areas to stay aligned with business activity and strategies.
* Create solutions based on sophisticated analytical thought, comparing complex alternatives and applying interpretative thinking to define problems and develop innovative solutions.
* Incorporate research outcomes into problem‑solving processes.
* Build and maintain trusting relationships and partnerships with internal and external stakeholders, using influencing and negotiating skills to achieve outcomes.
Role Overview
As a Hedge Accounting VP, you’ll act as a key subject‑matter expert for Barclays’ hedge accounting function and a trusted business partner to stakeholders across the firm. You’ll provide expert advice, support the development and refinement of existing hedge strategies, and help shape the strategic direction of the function. Your insight will enable the business to make informed decisions while ensuring hedge accounting approaches remain robust, compliant, and aligned with commercial objectives.
You’ll play a central role in managing and evolving the hedge accounting risk and control framework, ensuring controls are designed and performed to the highest standards, and that financial performance is clearly understood. You’ll be responsible for the accurate and timely reporting of hedge accounting results and disclosures across the firm’s legal entity structure, and you’ll support impact assessments for new accounting standards, including Risk Mitigation Accounting. In addition, you’ll contribute to and lead elements of the function’s change agenda, provide input into the Transform initiative, and help deliver sustainable improvements across hedge accounting capabilities.
Essential Skills / Basic Qualifications
* Technical accounting mindset with experience of hedge accounting.
* Excellent written and verbal communication skills; proven across presentations, policy documents, and stakeholder meetings.
* Fully qualified accountant (ACA, ACCA or equivalent).
Desirable Skills / Preferred Qualifications
* Experience of working in banking or other financial services.
* Understanding of Treasury function and related products.
* Experience with risk, controls, change, transformation, business acumen, strategic thinking, digital and technology.
Your Benefits
As a contract employee of Randstad Sourceright, you’ll receive a wide range of financial and personal benefits, including enrolment in a pension plan (after 12 weeks on assignment), holiday pay, 24/7 access to an Employee Assistance Programme, and discounts at a variety of retailers, restaurants, and entertainment venues.
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