Replacement. Treasury Hedge Accounting Analyst

1203 Barclays Global Serv. Cent; Zone 12 Alandur; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Barclays Global Serv. Cent in Chennai is seeking a Treasury Hedge Accounting Analyst.

The role focuses on monthly monitoring and reporting of segmental and statutory P&L, model management of hedge accounting activities, and collaboration with stakeholders across the bank’s operations. The ideal candidate will have basic hedge accounting knowledge, experience in a financial institution, and strong communication and analytical skills.

Qualifications

• Basic hedge accounting knowledge (cash flow and fair value) would be advantageous.
• Experience in a financial institution with interest rate risk management.
• Excellent written and verbal communication skills; able to present, document, and engage stakeholders.
• Ability to break down problems, maintain attention to detail, and analyze data.

Responsibilities

• Design and implement hedge accounting strategies aligned with risk management.
• Assess hedge relationships considering effectiveness, designation, and hedge ratio.
• Prepare and maintain hedge accounting documentation and reports for audits.
• Perform fair value measurements for hedging instruments and record adjustments.
• Conduct regular hedge effectiveness testing and refine strategies to maintain compliance.
• Provide internal and external reporting on hedge accounting effectiveness for Barclays accounts.

Job description

Purpose of the role

To report and analyse hedging relationships, identify potential hedge accounting opportunities, and implement effective hedging strategies to mitigate accounting asymmetry risk.

Accountabilities

• Design and implementation of effective hedge accounting strategies that support the bank's overall risk management framework and adjust as needed to maintain hedge effectiveness and respond to changes in market conditions.
• Assessment of potential hedge accounting relationships between financial instruments, considering factors such as effectiveness, designation, and hedge ratio.
• Preparation and maintenance of comprehensive hedge accounting documentation, including hedge designation reports, effectiveness testing results, and fair value measurements and ensure that hedge accounting documentation is accurate, compliant with accounting standards, and readily available for audit review.
• Fair value measurements for financial instruments, including both hedged and hedging instruments, using appropriate valuation methodologies, and calculation and recording of hedge accounting adjustments, including hedge ineffectiveness adjustments, to reflect the impact of hedging relationships on the financial statements.
• Management of regular effectiveness testing of hedging relationships to assess whether they continue to meet the requirements for hedge accounting, and evaluation of the effectiveness of hedging strategies and adjust as needed to maintain hedge effectiveness.
• Report the internal and external statutory view of hedge accounting effectiveness for presentation into Barclays Annual Accounts.

Analyst Expectations

To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement. Requires in-depth technical knowledge and experience in their assigned area of expertise. Thorough understanding of the underlying principles and concepts within the area of expertise.

They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources. If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are:

• L – Listen and be authentic
• E – Energise and inspire
• A – Align across the enterprise
• D – Develop others

OR for an individual contributor, they develop technical expertise in work area, acting as an advisor where appropriate. Will have an impact on the work of related teams within the area. Partner with other functions and business areas. Takes responsibility for end results of a team’s operational processing and activities. Escalate breaches of policies / procedure appropriately. Take responsibility for embedding new policies/ procedures adopted due to risk mitigation. Advise and influence decision making within own area of expertise. Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct. Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function. Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function. Make evaluative judgements based on the analysis of factual information, paying attention to detail. Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents. Guide and persuade team members and communicate complex / sensitive information. Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

Job Summary

Join Barclays as Treasury Hedge Accounting Analyst where the role is principally responsible for monthly monitoring and reporting of segmental (head office) and statutory P&L, and model management of certain bespoke hedge accounting activities. The team has wide diversity in responsibilities and interacts with stakeholders from multiple FTCs across the bank.

Required skills and experience

Basic hedge accounting knowledge [cash flow and fair value] would be advantage. Experience in a financial institution with interest rates being the key managed risk.

Excellent written and verbal communication skills; tested in a variety of mediums including presentations, policy documents and stakeholder meetings/forums. Has the initiative and ability to break down problems into components parts and resolving them. Attention to detail and analytical.

Desirable experience of linking entity results through to financial statement production.

Fully qualified accountant. Degree (or higher) educated, from a top tier university.

Some other highly valued skills needed for this role. CFA / master’s in finance / financial engineering would be an advantage. Articleship / Industrial trainee in mid to large sized firms. Audit exposure in large financial institutions / banks preferred.

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.

Location

This role is based in our Chennai office.

Company Culture

Our Work Experience is the combination of everything that's unique about us: our culture, our core values, our company meetings, our commitment to sustainability, our recognition programs, but most importantly, it's our people. Our employees are self-disciplined, hard working, curious, trustworthy, humble, and truthful. They make choices according to what is best for the team, they live for opportunities to collaborate and make a difference, and they make us the #1 Top Workplace in the area.