Treasury Hedge Accounting Analyst

We are seeking a Treasury Hedge Accounting Analyst to join our team in Chennai. The successful candidate will be principally responsible for monthly monitoring and reporting of segmental (head office) and statutory P&L, and model management of certain bespoke hedge accounting activities.

Purpose of the role The role involves reporting and analysing hedging relationships, identifying potential hedge accounting opportunities, and implementing 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.
• Fair value measurements for financial instruments, including both hedged and hedging instruments, using appropriate valuation methodologies.
• Management of regular effectiveness testing of hedging relationships to assess whether they continue to meet the requirements for hedge accounting.

Analyst Expectations

• 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.
• Lead and supervise a team, guiding and supporting professional development, allocating work requirements, and coordinating team resources.

Requirements

• Basic hedge accounting knowledge [cash flow and fair value] would be an advantage.
• Experience in a financial institution with interest rates being the key managed risk.
• Excellent written and verbal communication skills.
• Ability to break down problems into component parts and resolve 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.

Preferred Skills

• 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.