Hedge Accounting Manager

OVERALL SUMMARY

At Close Brothers we look to recruit individuals from all different backgrounds and encourage you to apply even if you don’t tick every box. We celebrate diversity and promote inclusivity. Vacancies are available on a part-time, job-share or full-time basis because we know the best person for the job isn’t always available full-time. Our aim is to facilitate requests wherever possible and managers will consider requests on an individual basis.

Join Close Brothers Treasury Hedge Accounting ensure that the bank’s hedge accounting framework is technically robust, well controlled, audit-ready and aligned to Treasury’s risk management strategy. The role supports Treasury in managing interest rate risk and reducing avoidable P&L volatility by advising on hedge structures, maintaining hedge documentation, and assessing the accounting impact of hedging activity. The role is also responsible for supporting accurate month-end and year-end reporting, explaining hedge accounting results to senior stakeholders, and managing audit engagement on hedge accounting matters.

RESPONSIBILITIES

Hedge accounting technical ownership

Act as the main point of expertise for all hedge accounting issues within the bank.

Take ownership of hedging instruments traded by Treasury, checking the accuracy of booking and reporting in the financial statements.

Month-end close, controls, and reconciliations

Coordinate the key elements of the monthly and quarterly close and regular hedge maintenance tasks, ensuring controls are adequately maintained.

Manage the overall results of the bank’s hedge accounting processes, including providing explanations and commentary on P&L movements, accounting journals, and exposures to senior management.

Reporting, disclosures, and regulatory submissions

Take responsibility for financial statement disclosures relating to hedge accounting and derivatives

Policy, projects, and process improvement

Review and update the Group’s hedge accounting policy to ensure it complies with the bank’s risk management strategy and proposed hedges

WE WOULD LOVE TO HEAR FROM YOU IF YOU HAVE/ARE:

A qualified accountant (ACA / ACCA or equivalent).

Proven industry experience applying hedge accounting under IAS39 and IFRS9.

Strong technical knowledge of financial instruments, including valuation concepts and practical application.

Good understanding of interest rate and FX risk within a Treasury / banking context.

Experience collaborating with and influencing senior stakeholders across functions (e.g. Treasury, FP&A, Financial Control).

Strong problem-solving skills, with the ability to analyse complex issues and deliver pragmatic solutions.

High level of accuracy and attention to detail.

Driven to identify and implement process improvements.

Experience contributing to financial reporting, controls, and balance sheet integrity (including hedge accounting impacts).

Working knowledge of regulatory and external reporting requirements

IT IS NOT ESSENTIAL BUT IT WOULD BE GREAT IF YOU:

Experience with SAP general ledger.

Experience with Bloomberg

Experience with FIS Treasury management system.

We are committed to providing an inclusive and accessible recruitment process. We recognise that candidates may have specific needs that require adjustments to ensure they have a fair and equal opportunity to demonstrate their skills and abilities. Candidates who require the job description or application form in an alternative format, or any other adjustments, are encouraged to email us at recruit.ssc@closebrothers.com or request a call back.

ABOUT US

For roles offering hybrid working: At Close Brothers we support employees to balance their work life priorities and in this role you will be able to enjoy a mixture of hybrid working.

Close Brothers is a leading UK merchant banking group providing lending, deposit taking and securities trading. We employ approximately 3,000 people, principally in the United Kingdom and Ireland. Close Brothers Group plc is listed on the London Stock Exchange and is a constituent of the FTSE 250.

To find out more about Close Brothers, please visit our careers page: https://www.closebrothers.com/careers

To find out more about life at Close Brothers:

To find out more about our benefits:

To find out more about our commitment to creating an inclusive environment:

Our Responsibility - Diversity and inclusion ¦ Close Brothers Group

#LI-KB1 #LI-HYBRID

At Close Brothers Group, we are all connected by our mission to be the best place in the UK for wealth professionals and their clients.

We believe that everyone should think ahead, have a financial plan and invest wisely. Our clients are professionals, business owners, individuals, charities, families, and employers, who rely on our clear financial advice and investment management services to preserve and grow their long-term savings and investments.

We are a team of about 900 people based in 15 offices across the UK. Our geographic footprint means we can combine a local approach with face-to-face services to enable strong, long-term relationships with our clients.

Sustainability is fundamental to our purpose and we have a responsibility to help address the social, economic and environmental challenges facing our business, colleagues and clients. We strive to do the right thing and are dedicated to helping the charities that matter most to our people.

Our vision is to develop an open and inclusive company that ensures everyone is valued, respected and included, so that in years to come our business will represent a diverse and inclusive workforce from the top down.

We look to recruit individuals from all different backgrounds. If this job is of interest to you but you do not meet every criteria then we encourage you still to apply as we are open to providing training opportunities.