• Job Description

  Req#: 103670

  End Date

  Wednesday 15 November 2023

  Salary Range

  £77,301 - £85,890

  
  

  We support agile working – click here for more information on agile working options.

  Agile Working Options

  Other Agile Working Arrangements / Open to Discussion

  Job Description Summary

  .

  Job Description

  JOB TITLE: Hedge Accounting Associate Director

  LOCATION(S): London

  Salary; £77,301 - £85,890

  HOURS: Full time

  WORKING PATTERN: Hybrid, 40% (or two days) in London Gresham Street
  

  About this opportunity

  We have an opportunity for an experienced Associate Director to join our Banking Volatility Management team working in Group Corporate Treasury.

  To be at your best you will need a strong understanding of hedge accounting, vanilla interest rate products, financial control and be confident in interacting with different stakeholders. This team are often tasked with explaining complex concepts in a simple manner, so the ability to deliver impactful and concise messages would be a great skill to have.

  The team comprises of 10 members working on various aspects of hedge accounting, P&L reporting, micro and macro hedge accounting models, one-off transactions and controls.
  

  Day to day you’ll be:

  • Building partnerships across Treasury to understand upcoming business and any accounting volatility implications
  • Managing volatility through an understanding of available risk and available hedge accounting approaches
  • Optimally performing hedge accounting through identification, documentation, effectiveness testing and accounting for bespoke hedge accounting packages
  • Bringing to life the hedge accounting impact in GCT management reporting and the Group’s statutory reporting
  • Demonstrating compliance within the Group’s various risk frameworks, accounting requirements and to other interested parties (e.g. external audit)
  • Continuously challenging the work we perform to ensure that we are doing our best to help Britain recover

  About us

  If you think all banks are the same, you’d be wrong. We’re an innovative, fast-changing business that’s shaping finance as a force for good. A bank that’s empowering its people to innovate, explore possibilities and grow with purpose.
  

  What you’ll need

  • Good knowledge of risk, banking products and the accounting for financial instruments
  • Strong understanding of IAS 39, especially hedge accounting rules and application
  • Willingness to proactively interact with other areas of finance and the business to communicate issues impacting other areas
  • Excellent written and verbal communication skills.
  • Qualified accountant
  • Intermediate/Advanced Excel
    

  About working for us

  Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms.

  We want our people to feel that they belong and can be their best, regardless of background, identity or culture.

  We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative.

  And it’s why we especially welcome applications from under-represented groups.

  We’re disability confident. So if you’d like reasonable adjustments to be made to our recruitment processes, just let us know.
  

  We also offer a wide-ranging benefits package, which includes:

  • A generous pension contribution of up to 15%
  • An annual bonus award, subject to Group performance
  • Share schemes including free shares
  • Benefits you can adapt to your lifestyle, such as discounted shopping
  • 30 days’ holiday, with bank holidays on top
  • A range of wellbeing initiatives and generous parental leave policies
    

  Want to do amazing work, that’s interesting and makes a difference to millions of people? Join our journey.

  At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.

  We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.

  We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.

• About the company

  For over 250 years we’ve been making a difference to the lives of customers, businesses and communities. Today, we're still driven by our purpose of helping Britain prosper. We're part of an ever-changing industry and are currently on a journey to shape the financial services of the future, whilst supporting our customers’ changing needs. The scale and reach of our Group means we can offer a broad range of opportunities to learn, grow and develop. Our values-led culture and approach to inclusion and diversity means we can all make a real difference together.

Notice