Interim Treasury Manager (Hedge Accounting) Interim Treasury Manager (Hedge Accounting) …

Goodman Masson
à Londres, Angleterre, Royaume-Uni
Intérim, Plein-temps
Dernière candidature, 03 mars 21
GBP450 - GBP550 per day
Goodman Masson
à Londres, Angleterre, Royaume-Uni
Intérim, Plein-temps
Dernière candidature, 03 mars 21
GBP450 - GBP550 per day
IBOR transition. This team sits within the Group Corporate Treasury division and is responsible for funding, issuing capital, debt instruments etc. another part of the role is also managing liquidity for the group, and a big focus on hedging (fixed rate mortgages, funding at variable rates etc) they do have another team that do the interest rates.

IBOR transition.

This team sits within the Group Corporate Treasury division and is responsible for funding, issuing capital, debt instruments etc. another part of the role is also managing liquidity for the group, and a big focus on hedging (fixed rate mortgages, funding at variable rates etc) they do have another team that do the interest rates.

The team are responsible for managing hedge accounting, have several models they use, and they determine how they use that in the right hedge accounting way.

IBOR transition theme, in 2021 a lot of their products will transition to new bench mark rates, linked to bank of England. There will be a lot of changing of products over to the new benchmark rates which will have an impact on all currencies.

Another part is around trade compression, there has been a lot of activity and they have tried to run several trade compression exercises, algorithms that banks have signed up to.

Core duties of the role:

  • Hedge accounting restructure. (Move them to different hedging models, asses the different risks)
  • Must understand hedge accounting, from an operational perspective.
  • Understand accounting for hedge accounting, where it sits on the balance sheets, to ensure if they are moving stuff around that it is all working appropriately.
  • Trade Compression activity is going to increase in the first quarter of next year which has an impact on Steve's team. Looking to reduce the volume of trades so there is less trades they need to transition over as part of IBOR programme.

Will have a key part in when getting notified of trade compression, the candidate must understand the impact of this and put together a plan.

Key:

  • Qualified Accountant
  • Experience of Treasury products and understanding of derivatives
  • Hedge accounting
  • Trade compression
Descriptif de l'entreprise

With a team of over 200 and growing every day, Goodman Masson is one of London’s specialist Finance and Technology recruitment businesses. Voted ‘Best Recruitment Company to Work For’ in 2018, our passion for what we do is clear.

Based in London, Düsseldorf and New York, we hold annual revenues exceeding £42 million. This includes Qualified & Part-Qualified / Transactional Finance, Actuarial & Investment Management, Audit, Banking Operations, Compliance & Financial Crime, Front Office, Housing Development, Information & Cyber Security, Technology, Digital & Data, Product Control & Valuations, Projects, Change & Transformation, Risk & Regulation, Tax and Treasury.

We also have a Solutions team who provide RPO, hybrid and volume recruitment services. Alongside this, Goodman Masson have developed an Executive Search team who focus on sourcing C-suite talent to fee earning Legal partners.

 

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