WSTA Home Page
  Job Seeker Sign-in / Register Recruiter Home
Career Center Jobs and Career Management in the Financial Markets, Banking & Finance Career Center
Head of Central Hedging, UK-London
Home > View Job
Head of Central Hedging
Company: Hays City  
Location:   UK-London  
Compensation:   £80001-150000  
Years Experience:   No exp.  
Position Type:   Employee  
Employment type:   Full time  
Updated:   10 Jul 2008  
eFC Ref no:   443133  
 
11000000000002697.gif
KEY PURPOSE OF THE JOB

This is a high profile and challenging role which has become available as a result of internal restructuring. It offers an exciting opportunity to head up the Central Hedging Function (CHF) within GCT (Group Corporate Treasury).
KEY PURPOSE OF THE JOB

This is a high profile and challenging role which has become available as a result of internal restructuring. It offers an exciting opportunity to head up the Central Hedging Function (CHF) within GCT (Group Corporate Treasury).


  • To lead the Central Hedging Function, responsible for identifying sources of P&L volatility in the Group and operating IAS39 hedge relationships in order to manage this volatility effectively.
  • To manage the Group's derivative P&L volatility in line with Group risk appetite.
  • To explain Group derivatives P&L volatility results to internal customers including Group Finance Director.
  • To lead the strategic agenda for Central Hedging Function including volatility P&L review.


      ACCOUNTABILITIES

      Lead a small team to identify sources of P&L volatility in the Group and develop and maintain hedge accounting solutions to manage this volatility within agreed acceptable levels.
      Overall responsibility for:

      • The team's provision of statutory and management accounting information for all hedge accounting solutions including budgets and forecasts.
      • The team's production of clear financial management information to explain the sources and key drivers of the residual P&L volatility.
      • The team's volatility sense-check (second line of defence assurance to Group Finance that Business Unit volatility results are complete and accurate.)
      • Ensuring accounting processes in CHF follow best practice and are fully compliant with Sarbox and all relevant Group policies.

          Present and explain volatility results to Group Corporate Treasurer and Group Finance Director.
          Ensure all new sources of volatility due to new products or business are successfully managed by building strong relationships with senior finance staff across the Group and providing support to business units.
          Develop and maintain strong understanding of economic hedging and other uses of derivatives across the Group.
          Motivate and develop team members to ensure CHF team maintain relevant technical skills and are fully effective
          Support GCT team on hedging issues (both economic and accounting) for all new initiatives
          Be technical champion for hedge accounting and P&L volatility issues across the Group
          Lead project to develop and implement new hedge accounting solutions to reduce residual P&L further, improve predictability and ensure CHF are able to support future business growth.
          Provide or manage the development of valuation models required by GCT and other areas in the Group that are not supported by Products and Markets.
          Proactively maintain technical accounting expertise to ensure all hedge accounting solutions continue to be compliant with IAS39 and continue to be fit for purpose

          KEY COMPETENCIES


          • Delivering business results
          • Developing the strategy
          • Influencing
          • Making change work
          • Providing excellent customer service


              KEY KNOWLEDGE / SKILLS


              • Qualified accountant with extensive knowledge of IAS 39 (especially hedge accounting)
              • Strong communication skills (oral/written): the ability to explain difficult concepts to senior management and non-specialists
              • Extensive working knowledge of treasury and capital market products including product valuation expertise (especially interest rate derivatives and mortgages)
              • Knowledge of risk concepts and methodologies such as Value at Risk
              • Extensive analytical skills required
              • Experience of managing a small technical team
              • Good MS Excel and MS Access skills are an advantage
All jobs from Hays City
Email this job
Print this job
Save this job
Contact:
Audrey Fournier
Company:
Hays City
Telephone:
02077860458
Email:
audreyf.08042.efi@hayscity.aplitrak.com
Website:
www.hays.com
Address:
141 Moorgate London EC2M 6TX
Recruiter Ref:
00185414
All jobs from Hays City
Email this job
Print this job
Save this job