Finance Hedge Accounting Assistant Vice President

SMBC Bank International plc; Greater London; Hybrid; GBP 45,000 - 55,000; Full time

Job summary

A renowned financial institution is seeking an Accounting professional to join their team in the Greater London area. This newly created role involves supporting both Hedge Accounting and Product Control tasks while ensuring compliance with accounting principles. The ideal candidate will have solid experience in an accounting role, strong IFRS knowledge, and excellent numerical skills. This position offers a hybrid work environment and a competitive benefits package.

Benefits

Hybrid and flexible working

Private medical insurance

Learning and development opportunities

Qualifications

• Solid experience in an accounting role, preferably within a financial institution.
• Strong knowledge in IFRS and relevant accounting exposure.
• Educated to bachelor's level; any professional qualification is a plus.

Responsibilities

• Support all regular accounting tasks in Product Control/Hedge Accounting.
• Perform all Hedge Accounting tasks for EMEA.
• Support the monthly closing process for multiple ledgers.

Skills

Accounting experience

Knowledge of IFRS

Numerical skills

Excel expertise

Team spirit

Proactivity

English language skills

German language skills

Education

Bachelor's degree

Tools

PowerBI

Job description

SMBC: A trusted partner for the long term

Here at SMBC Group, we want to help you find the next step in your career so read on to discover if this opportunity is the one for you. We like to recognise potential in our people, so we welcome your application even when your experience doesn't perfectly align with the job description. Whilst we'll always strive to be better, we're proud of our inclusive culture, and encourage our applicants and colleagues to be their authentic, unique selves.

Who we are

United by a sense of purpose towards our customers – to be a trusted partner for the long‑term – and our universal banking platform in EMEA, SMBC Group has an international growth agenda and award‑winning products, meaning we provide exciting opportunities to work on a diverse range of projects and initiatives. We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services, and a range of innovative solutions in global capital markets. Read on to find out how you could enhance your skills and gain valuable experience, by joining us to support our clients transition to a sustainable future.

Role Summary

This is a newly created position to support Finance and Control EMEA with both Hedge Accounting and Product Control related tasks in compliance with the SMBC group’s policies and procedures. This role involves strong collaboration across the EMEA region working across multiple entities and ensuring compliance with both accounting principles and further supporting and developing SMBC values and culture.

Business Area

The SMBC F&C department is responsible for all finance functions of the bank with the following core areas:

• Accounting & Reporting – ongoing bookkeeping & accounting, preparation of annual financial statements and coordination of external audit, compliance with accounting standards (IFRS, (HGB)), maintenance of internal control system for financial accounting, financial (non‑regulatory) reporting to internal & external parties, management of IT projects, calculation of SLA charges
• Financial Control & Product Control – ongoing monitoring of financial performance incl. lead of annual financial forecast/MYP process, daily monitoring of trading results, market conformity checks of valuation & pricing
• Tax Compliance – monitoring of changes to tax legislation, maintenance of tax compliance system, review of all tax declarations, maintenance of transfer pricing documentation, support for other teams on all tax related matters
• Regulatory Reporting – Compliance with all European & German regulatory & ESG reporting requirements, Coordination of ongoing prudential reporting
• Finance Change – supporting F&C department with ongoing changes in processes and IT‑systems

Position Description

Role Responsibilities:

• Support all regular accounting tasks in the remit of Product Control/Hedge Accounting, e.g.: General ledger postings, Effectiveness testing, reconciliation and control under IFRS
• Perform all Hedge Accounting tasks for EMEA (Designation, Documentation, Valuation, Testing, Postings and monitoring)
• Support XVA Accounting ensuring alignment with relevant internal and external guidelines in close cooperation with Product Control
• Support of monthly closing process for multiple ledgers including preparation of manual adjustment bookings (ADI)
• Perform GLOSS, FOX, OBS & TheMIS reconciliation, consultation with Middle Office in London, Controlling and Front Office
• Support the Term End Process for EMEA Financials and group financials, responsibility for dedicated balance and PL positions, preparation of audit requests
• Preparation of Open Currency Position reporting
• Perform high quality balance sheet substantiation and attestations
• Support coordination tasks between EMEA and BI finance
• Maintenance of F&C related procedures and manuals
• Proactively manage and contribute to control environment

Relevant Knowledge and Skills:

• Solid experience in an accounting / finance role, preferably within a financial institution
• Strong knowledge in IFRS and relevant accounting exposure
• Educated to bachelor's level; any professional qualification is considered as a plus
• Be able to manage complexity with strong numerical skills
• Expert knowledge in Excel and overall tech‑savvy to work with tools like PowerBI or CoPilot.
• Demonstrating and promoting team spirit
• Ability to take the initiative and be proactive
• Language skills: English, German advanced level is a plus

Competencies

• Customer Focus
• Driving Change
• Driving Results
• Embraces Diversity
• Enterprise Leadership
• Judgement and Decision Making
• Risk Management
• Strategic and Visionary
• Trust and Integrity

What we offer

For all the expertise and experience you bring to help us make a difference, it's only sustainable if we support you to build your career and be your best self so we offer competitive company benefits, centred around promoting positive well‑being and work‑life balance. We also believe in fostering a diverse and inclusive work environment, where all team members perspectives and contributions are valued. Initiatives in place which promote a diverse and inclusive culture and healthy work life balance include hybrid working, Sport & Social Clubs and Diversity and Inclusion networks.

• Hybrid and flexible working
• Competitive paid leave days
• Benefits to support your physical wellbeing, including private medical insurance and life and invalidity insurance
• Various policies to support your mental wellbeing, including a robust behavioural health network with counselling and coaching services
• Access a wide range of learning and development opportunities and career progression opportunities
• Ambitious remuneration package

So, if you like a challenge and want to continuously grow and develop in a role where you will be supported along the way by a dynamic and diverse team, apply today!!

We recognise our role as a bank to support social change and welcome all applications, including those from groups often under‑represented in financial services. We value the uniqueness of professional and personal backgrounds and perspectives as they play a vital role in continuing the sustainable growth of our organisation. We'll ensure reasonable adjustments to our recruitment process are offered due to a disability or long‑term condition whenever requested.

About SMBC

A trusted partner for the long term. United by a sense of purpose towards our customers – to be a trusted partner for the long‑term – and our universal banking platform in EMEA, we deliver a full suite of corporate finance products and solutions to our customers, including corporate, structured and trade finance, leveraged finance, loan market and treasury products. We can also provide investment banking and advisory services and a range of innovative solutions in global capital markets.

Find out more about what we do and who we are at https://www.smbcgroup.com/emea/careers