Finance Manager (Hedge Accounting)

Recruiter
Alexander Mann Solutions
Location
London
Posted
06 Dec 2020
Closes
10 Dec 2020
Ref
1856701328
Category
Accounting
Contract Type
Permanent
Hours
Full Time
Alexander Mann Solutions (AMS) is the world's leading provider of Talent Acquisition and Management Services. We deliver award-winning solutions to over 65 outsourcing clients and consulting services to hundreds more. Our Contingent Workforce Solutions (CWS) service acts as an extension of our clients' recruitment team and provides professional interim and temporary resources.

Our client Lloyds Banking Group is a leading UK based financial services group providing a wide range of banking and financial services, focused on personal and commercial customers. Lloyds Banking Group support a culture of Inclusion and opportunities to develop to become the Bank of the future and Helping Britain Prosper.

On behalf of Lloyds Banking Group, AMS are looking for a Finance Manager (Hedge Accounting) for a 6 month contract based in London (currently remote).

Purpose of the Role:

This team sits within the Group Corporate Treasury division and is responsible for funding, issuing capital, debt instruments etc. the team also manages liquidity for the group, and has a big focus on hedging (fixed rate mortgages, funding at variable rates etc.)

As a Finance Manager you will be responsible for:
  • Hedge accounting restructure. (Move them to different hedging models, assess the different risks).
  • Must understand hedge accounting, from an operational perspective.
  • Understand accounting for hedge accounting, where it sits on the balance sheets, to ensure if they are moving stuff around that it is all working appropriately.
  • Trade Compression activity is going to increase in the first quarter of next year which has an impact on the Looking to reduce the volume of trades so there is less trades they need to transition over as part of IBOR programme.
  • Will have a key part in when getting notified of trade compression, the candidate must understand the impact of this and put together a plan.

What we require from the candidate:
  • Qualified Accountant.
  • Experience of Treasury products and understanding of derivatives.
  • Hedge accounting.
  • Trade compression.


Lloyds Banking Group will only accept workers operating via an Umbrella or PAYE engagement model.

If you are interested in applying for this position and meet the criteria outlined above, please click the link to apply and we will contact you with an update in due course.

Alexander Mann Solutions, a Recruitment Process Outsourcing Company, may in the delivery of some of its services be deemed to operate as an Employment Agency or an Employment Business

Similar jobs

Similar jobs