Manager Hedge Accounting

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If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC is one of the largest banking and financial services organizations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realize their ambitions.

We are currently seeking an experienced professional to join our team in the role of Manager- Hedge Accounting

Purpose of the role

The Regional Hedge Accounting team is responsible for end-to-end hedge accounting control tasks including but not limited to hedge designation and documentation, to ensure the accuracy and integrity of the general ledger and balance sheet. The team works closely with front office, financial control, reporting teams, Change Management teams etc.

In this role, you will:

Responsible for Hedge designation, documentation and inception regression analysis.

Deal with day-to-day production issues ensuring escalation (where appropriate).

Ensure all Hedge Accounting processes were performed in line with Hedge Accounting and SOX compliances.

To ensure that all output is produced in a timely and accurate manner, within agreed SLAs.

Profit & Loss and Balance Sheet Reconciliations & substantiation

Ensure Hedge Accounting ‘Controls are adhered to.

Promote continuous improvement for all activities.

To be successful you will:

Qualified Chartered Accountant or MBA (Finance) with at least 3+ years of experience with minimum 1 years in Treasury, Financial Control, Product Control or Global Markets environment and organization of similar scale with US GAAP, IFRS, IAS reporting framework

Knowledge of Financial Products, Valuation and Accounting and Hedge Accounting Principles

Good knowledge of IAS 39/IFRS 9 is mandatory, specifically related to Hedge Accounting strategies.

Proven ability to manage migrations of finance processes and exposure to diverse/multi-culture work environments with strong organization, time management and prioritization skills

Effective communication and interpersonal skills to be able to face off to stakeholders, both oral and written

Strong skills with MS Office software (Excel/Word/PowerPoint)

You’ll achieve more when you join HSBC.

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