Finance Manager - Hedge Accounting

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. More rewarding relationships are supported through our hybrid approach, bringing colleagues together across our UK wide estate, whilst also supporting generous access to home working. We value our time in the office to solve problems, to learn, and to feel connected.

For this job you'll spend at least two days per week, or if part time you'll spend 40% of your working time, based at either our London, Swindon or Glasgow office. If you’re based at our Glasgow office, this will apply from 1 April 2027 and ahead of that there will be a need to regularly connect with colleagues for collaboration events. If your application is successful, your hiring manager will provide further details on how this works. You can also find out more about our approach to hybrid working here. 

If we receive a high volume of relevant applications, we may close the advert earlier than the advertised date, so please apply as soon as you can.

What you’ll be doing

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

As a minimum, you’ll have/be:

• 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, so that every decision we make starts and finishes with our customers in mind

• Say it straight - We are brave in speaking out and saying what we think – we’re honest and direct with good intent, openly sharing diverse perspectives to reach the best conclusions and using language everyone can understand

• 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.

The extras you’ll get

There are all sorts of employee benefits available at Nationwide, including:

• 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

Banking – but fairer, more rewarding, and for the good of society

We forge our own path at Nationwide.

As a mutual, we’re owned by our members - those customers who bank, save or have a mortgage with us. We challenge the financial sector status quo. We don’t see customers as the engine of our own profit. We share our profits with them and put their needs first. Always there when they need us. Supporting them and their lives.

If you’re inspired by fairer finances, passionate about making a meaningful impact, and truly care about our customers, you’re one of us.

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. As a standard-setter, we work for the good of customers, communities, and broader society.

We are purpose-driven. Uncompromisingly customer. Unstoppably Nationwide.

What to do next

If this role is for you, please click the ‘Apply Now’ button. You’ll need to attach your up-to-date CV and answer a few quick questions for us. 

We respond to everyone, so we will be in contact shortly after the closing date to let you know the outcome of your application.

Please note that should you be successful in securing this role, the job title on our internal systems will be Finance Manager Treasury Financial Reporting.