Join us as a Hedge Accounting Manager
- We’ll look to you to manage the bank's response to the International Accounting Standards Board's (IASB) Risk Mitigation Accounting (RMA) IFRS, designing the application of RMA and IFRS 9 hedge accounting for the Group
- Represent the team in industry forums, helping to craft responses for regulators, standard setters, and Group leadership
- This role will provide you with a platform to keep building your knowledge and expertise, and offers you great exposure for you and your work
- We have one permanent position available and also a two-year fixed term contract opportunity
- We offer a hybrid way of working where you'll spend at least two days per week in the London office
As a Hedge Accounting Manager, you’ll design the bank’s RMA application, translating the exposure draft into a workable framework, and shaping data, modelling, behavioural assumptions, and governance requirements.
You’ll also lead and execute RMA field testing, including scenario runs, parallel comparisons to current hedge accounting, and preparing insight‑driven outputs.
In addition, you’ll be:
- Working closely with Assets & Liability Management, Treasury, and Finance to validate data readiness, assess measurement approaches, and identify infrastructure gaps
- Engaging with senior stakeholders and external forums, contributing analysis, insights, and well‑structured documentation
- Producing high‑quality materials for governance, auditors, and decision‑makers, covering design proposals, test outcomes, and reporting implications
- Translating testing insights into future RMA policy design, supporting the development of the bank’s longer‑term roadmap
- Designing the bank’s approach to adopting IFRS 9 general hedge accounting, shaping methodologies, documentation, and governance
To succeed in this role, you’ll need knowledge and experience of applying the technical requirements of international financial reporting standards that apply to hedge accounting. You’ll also need a track record of successfully applying accounting concepts to add value in a financial environment.
On top of this, you’ll need a strong awareness of the control environment requirements for hedge accounting, how banks manage risk in the banking book, what the application of hedge accounting achieves, and the limitations of hedge accounting.
You’ll also need:
- A deep understanding of financial instruments found in the banking book of a large financial institution
- A deep understanding of the developments to date of the IASB’s RMA model
- An awareness of accounting in a regulatory environment
- Strong IT knowledge, including Excel and Access
- A track record of building relationships with technical and non-technical stakeholders across the business
- The ability to work under pressure, and to handle change in a dynamic environment
- Good interpersonal and communication skills, with the ability to work across different teams and levels
Hours
35Job Posting Closing Date:
16/04/2026Ways of Working:HybridTop Skills
What We Do
We’re a business that understands when our customers and people succeed, our communities succeed, and our economy thrives. As part of our purpose, we’re looking at how we can drive change for our communities in enterprise, learning and climate. As one of the leading supporters of UK business, we’re prioritising enterprise as a force of change. We’re focusing on the people and communities who have traditionally faced the highest barriers to entry and figuring out ways to remove these. Learning is also key to our continued growth as a company in an ever changing and increasingly digital world. By setting a dynamic and leading learning culture, our people prosper, and our customers are given the tools to continue to improve their financial capability and confidence. One of the biggest challenges we all face in our future is climate change. That’s why we’ve put it right at the core of our purpose. We want to champion climate solutions with financing and entrepreneurial support, fully embed climate into our culture and decision making, and be climate positive by 2025. We’re committed to using our purpose to break down barriers, drive change and ultimately create a great place to work.
