Job Description

The Global Treasury BALANCE Sheet Management (BSM) is part of the CFO organization. The primary focus of the team is providing various financial and accounting services in support of the Corporate Treasury group pertaining to forecasting, daily P&L attribution, management reporting/analysis and funds transfer pricing.

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Global Finance Treasury BSM seeks to provide a first-class support service with particular focus on the relationship between trading risk positions and P&L components.
We are looking to recruit an individual to work in the Hedge Accounting (FAS 133) and P&L production area covering the Treasury/Fixed Income/FX trading desks. The candidates main responsibility will be to perform - ASC 815 (FAS 133) Hedge accounting on derivatives hedging bonds, manage hedge operations/reporting, produce and deliver the daily P&L to front office, providing a high standard of analysis and explanation around any issues faced and daily revenue drivers. The candidate will therefore have considerable interaction with the respective Front Office, Middle Office, Finance and Trade Capture teams so good communication and time management skills are an essential requirement for this job.
The candidate would be required to manage all the aspects of Finance functions for the business for a Sub-LoB/LoB (Line of Business), perform - ASC 815 (FAS 133) Hedge accounting on derivatives hedging bonds, manage hedge operations/reporting, analyze PnL & B/S moves, explain market driven events and review/approve journal entries.
Primary products covered will include: Money Market, Bonds and FX etc.

Responsibilities*
Essential Skill: Excellent working knowledge of ASC 815 (FAS 133) Hedge accounting & Core knowledge is FX and Fixed income bond accounting
Essential Skill: Understanding of IFRS 9 principles and Product Account including AFS, MTM etc.
Risk based attribution experience.
Supervision of production and reporting of daily P&L to Front Office & Senior Management.
Working closely with the trading desks on position, P&L or other issues on an ad-hoc basis.
Assist with execution of month-end controls ensuring management vs financial P&L variances are within thresholds
Analyze traders risk positions and understand and apply the Greeks (Delta, Vega Gamma) vs daily market moves.
Drive strategic initiatives for the business finance functions.
Influence the regional & global strategy of CFO group.
Liaise with various business partners such as Technology, Market Risk, Credit Risk, Operations and Finance to resolve issues / queries.
Execute and integrate new capabilities, as driven by local, regional and global objectives
Development & continuous improvement of existing processes & workflow.
Testing / UAT for systems work ranging from minor system releases to major system implementations.
Remediation of issues in an autonomous yet timely manner considering the principles of control and the need to mitigate operational risk.
Attract, retain and grow talent.
Build a culture and process to identify, mitigate and control operational risk.

Requirements*

Education*
Qualified Chartered Accountant/Management Accountant/CPA /CFA / MBA Finance or equivalent from Tier I/II institute/ Graduate/ Post Graduate Certifications If Any
Certifications If Any
Certifications including FRM, CQF etc if any would be an added advantage

Experience Range*
6-9 years of of relevant experience Product Control in Treasury/Global Markets environment of which 3- 4 in Hedge Accounting - ASC 815 (FAS 133),.

Foundational skills*
Candidate should have excellent understanding of ASC 815 (FAS 133) Hedge accounting & Core knowledge is FX and Fixed income bond accounting
Understanding of IFRS9 Product Account including AFS, MTM etc.
Understanding of Fixed Income product set with a good understanding of the products used (see above) and their pricing
Understanding of Trade Life Cycle, Cash Flows, trade economics
Understanding of daily PnL reporting, MTM/Attribute analysis, PnL commentary
Demonstrates executive presence in interactions with various stakeholders.
Ability to manage develop strategic plans for the business
Experience in driving locational optimization, innovation and automation
Proficiency in MS Office Suite; expert knowledge of Excel, Word, PowerPoint - ability to troubleshoot spreadsheet issues is also critical. **Knowledge of Visual Basic, Access databases and macros will be an added advantage.
Ability to manage alliances, client relationships, cross functional initiatives and process integration within the geography covered
Candidate must have a proven track record of communicating effectively with personnel from various areas within an organization and at different management levels
Must be proactive and be a highly-motivated self-starter.
Comfortable working in a collaborative team environment

Desired skills
It would be advantageous if the individual has prior experience in on-shoring Finance, Middle Office or Operational workflow and implementing procedures and controls
Ability to use SQL, VBA, Python etc. would enhance the candidates attractiveness significantly
Understanding of daily PnL reporting, MTM/Attribute analysis, PnL commentary
Demonstrates executive presence in interactions with various stakeholders.
Ability to manage develop strategic plans for the business
Experience in driving locational optimization, innovation and automation
Proficiency in MS Office Suite; expert knowledge of Excel, Word, PowerPoint - ability to troubleshoot spreadsheet issues is also critical. **Knowledge of Visual Basic, Access databases and macros will be an added advantage.
Ability to manage alliances, client relationships, cross functional initiatives and process integration within the geography covered
Candidate must have a proven track record of communicating effectively with personnel from various areas within an organization and at different management levels
Must be proactive and be a highly-motivated self-starter.
Comfortable working in a collaborative team environment

Desired skills
It would be advantageous if the individual has prior experience in on-shoring Finance, Middle Office or Operational workflow and implementing procedures and controls
Ability to use SQL, VBA, Python etc. would enhance the candidates attractiveness significantly
Education: Any Graduate
Industry: Banking

Skills Required