Hedge Accounting

<p> </p> <p> </p> <p>JOB TITLE:<strong> HEDGE ACCOUNTING</strong></p> <p> </p> <p>Global Markets Product Control is a division of Global Banking and Markets Finance responsible for the production and independent</p> <p>validation of Global Markets' profit and loss and balance sheet. In this regard, Product Control will ensure, inter alia, that accounting</p> <p>policies are correctly and consistently applied, and that Trading portfolios are appropriately valued.</p> <p> </p> <p>The department has region aligned, business aligned and process aligned teams and is responsible for daily service delivery to</p> <p>respective regional and central teams ensuring effective controls, transparent management information and becoming a centre of</p> <p>excellence delivering process simplification and efficiencies. The daily processing involves providing meaningful support to relevant</p> <p>business and a close liaison is required to be maintained between Operations, IT, Risk, Front Office, Central Finance functions, etc.</p> <p>for all aspects of the role. The role requires the incumbent to represent Product Control in internal /external meetings.</p> <p> </p> <p> </p> <p><strong>Skills/Experience Required </strong>·</p> <p> </p> <p>Qualified Chartered Accountant/ CWA/CPA /CFA / MBA from Tier I/II institute with at least 5+ years of experience in Product Control or Global Markets environment and organization of similar scale with US GAAP, IFRS, IAS reporting framework · Knowledge of Product Control functions in a banking environment with exposure to Traded markets products is mandatory. · Knowledge of various Global Market products like Equities, Foreign Exchange, fixed income, Derivatives - Options, Interest rate swaps, Credit Derivatives etc. · Good knowledge of IAS 39/IFRS 9 is mandatory, specifically related to Hedge Accounting strategies. · Proven ability to manage migrations of finance processes and exposure to diverse/multi-culture work environments with strong organization, time management and prioritization skills · Excellent communication skills and presentation skills are mandatory, as are good tact and diplomacy, as the role requires relationship management with other individuals and teams within the Group · Interpersonal skills: persistent, ability to work effectively with senior & junior staff, ability to challenge inputs from senior colleagues in a constructive manner, ability to give feedback positively, co-ordinate work across multiple teams, multi-tasker · Orientation towards Quality (Six Sigma/Lean methodology) and technical bent of mind · Proficiency in MS Office Suite; Exposure to Project Management Software and experience in working on MS Access databases · Ideally, experience of functionally managing team of between 3-5 members or experience of being a senior/deputy within a team. · Global Exposure and experience in multi-tasking.</p>