Treasury Hedge Accounting

Job Title: Treasury Hedge Accounting - Analyst
Location: Chennai

About Barclays
Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

Risk and Control Objective
Take ownership for managing risk and strengthening controls in relation to the work you do.

Working Flexibly
We're committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers' and clients' needs. Whether you have family commitments or you're a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility, then please discuss this with the hiring manager, and your request will be reviewed subject to business needs.

Hybrid Working
Structured hybrid role:
At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home. We have a structured approach where colleagues work at an onsite location on fixed, 'anchor', days of the week, for a minimum of two days a week or more, as set by the business area (or nearest equivalent if working part-time hours). Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.

Introduction
The Treasury HA function sits at the centre of Treasury's risk management activities, often acting as a key business partner to the Treasury function; helping to deliver accounting solutions that reduce the firm's volatility of earnings experienced through fair value accounting.

The Treasury HA function covers management of banking book risks arising in Barclays Bank UK (BUK), Barclays Bank plc (BI), Barclays Bank Ireland (BBI), Barclays Services Limited (BXSL) and the International Holding Company US (IHC) as hedged by the Treasury, covering products as diverse as mortgages to investment bonds and debt issuances. The function also provides ad hoc advisory and support to a number of other smaller entities and functions around the bank.

The role is principally responsible for monthly monitoring and reporting of segmental (head office) and statutory P&L, and model management of certain bespoke hedge accounting activities. The team has wide diversity in responsibilities, and interacts with stakeholders from multiple FTCs across the bank.
What will you be doing?
• Understanding and reporting across multiple entities in a solus and consolidated lens, forging stakeholder relationships at each entity level
• Ledger management, control and journal execution in a complex accounting discipline
• Review, build and run regression models and trade pricing tools that underpin bespoke trading strategies supported by Hedge Accounting
• Identify and develop 'lean' ways of working; leveraging Product Control tools where possible
• Manage and support technology development of in-house Hedge Accounting platform (Consaepio) and related models
• Develop an understanding of how potential negative rates in the UK and the Libor Reform program impair Hedge Accounting's ability to mitigate P&L volatility and support resolution analytics on an ongoing basis

What we're looking for:
• Basic hedge accounting knowledge [cash flow and fair value] would be advantageous, ideally gathered in a financial institution with interest rates being the key managed risk
• Excellent written and verbal communication skills; tested in a variety of mediums including presentations, policy documents and stakeholder meetings/forums
• Has the initiative and ability to break down problems into components parts and resolving them.
• Attention to detail and analytical.
• Desirable experience of linking entity results through to financial statement production
• Fully qualified accountant
• Degree (or higher) educated, from a top tier university.

Skills that will help you in the role:
• CFA / Masters in Finance / Financial Engineering would be an advantage
• Articleship / Industrial trainee in mid to large sized firms
• Audit exposure in large financial institutions / banks preferred.

Where will you be working?
Chennai

Be More at Barclays
At Barclays, each day is about being more - as a professional, and as a person. 'Be More @ Barclays' represents our core promise to all current and future employees. It's the characteristic that we want to be associated with as an employer, and at the heart of every employee experience. We empower our colleagues to Be More Globally Connected, working on international projects that improve the way millions of customers handle their finances. Be More Inspired by working alongside the most talented people in the industry, and delivering imaginative new solutions that are redefining the future of finance. Be More Impactful by having the opportunity to work on cutting-edge projects, and Be More Valued for who you are.
Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details.
Purpose, Values and Mindset
We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term.
Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.
Respect
We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone's contribution.
Integrity
We operate with honesty, transparency and fairness in all we do.
Service
We act with empathy and humility, putting the people and businesses we serve at the centre of what we do.
Excellence
We champion innovation, and use our energy, expertise and resources to make a positive difference.
Stewardship
We prize sustainability, and are passionate about leaving things better than we found them.

Our Mindset shapes how we take action, living by our Values, driven by our Purpose, always with our customers and clients at the heart of what we do; our Mindset is to Empower, Challenge and Drive.
Empower
Trust and support each other to deliver. Make decisions with those closest to the topic. Include diverse perspectives. Celebrate success and learn from failure.
Challenge
Question whether things can be done better. Use insights based on data to inform decisions. Be curious about how we can adapt and improve. Speak up and be open to alternative viewpoints.
Drive
Focus on outcomes. Deliver with pace. Be passionate and ambitious about what we do. Take personal responsibility. Actively build collaborative relationships to get things done.

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