Agile Working Options

Job Description Summary

Job Description

Key purpose of the role 

Ensure that banking transactions are accounted for in the optimal way under IFRS to minimise income statement and equity volatility.  The role requires an in-depth knowledge of banking products and their impact on banking volatility. 
Responsible for the identification, documentation, testing and accounting for bespoke micro hedge accounting packages and also for the management of the macro cash flow and the macro fair value models. 

• The manager plays a key role in developing both existing processes and the control environment. 
• Production of MI and analytics to assess various hedge accounting relationships.  
• Liaison with other finance teams as part of the reporting process, and liaison with other teams within GCT as part of the day-to-day hedge accounting activities. 
• driving forward improvements to processes  
• Partnering with various business areas on new transactions 

Job Description 

Accountabilities:

• Compile IFRS profit and loss reporting
• Analysis of new trades to determine appropriate accounting treatment under IAS 39
• Identification, designation and documentation of hedge accounting relationships
• Retrospective and prospective testing of hedge accounting relationships to ensure compliance with IAS 39
• Investigation into hedge ineffectiveness on new and existing hedge accounting relationships
• Continual assessment of the control environment, involving the design and implementation of control reports where applicable
• Continual improvement of existing IT processes to enhance the efficiency of the team’s activities
• Ad hoc work/projects as required, particularly at month end
   

Key competencies:

• Adapting to change and uncertainty 
• Attention to detail 
• Team working and coaching 
• Providing excellent customer service 
• Clear and regular communication with stakeholders 
• Ability to manage change 
   

Knowledge and skills: 

• Ability to work and communicate well in a team 
• Willingness to proactively interact with other areas of finance and the business to communicate issues impacting other areas 
• Capacity to continually raise, challenge and resolve issues as and when they arise. 

Technical skills

• Qualified accountant 
• Good knowledge of banking products and the accounting for financial instruments 
• Strong understanding of IAS 39, especially hedge accounting rules and application
• Intermediate/Advanced Excel 

Our continued commitment to helping Britain prosper means that as a colleague you can make a difference to customers, businesses and communities. 

Together we have a key role to play in shaping the bank of the future, whilst the scale and reach of our Group means you'll continue to have opportunities to learn, grow and develop. 

We're focused on creating a values-led culture, and our approach to inclusion and diversity means that we all have the opportunity to make a real difference, together. 

As part of the Group's commitments as a result of ring-fencing legislation, colleagues based in the Islands and Gibraltar are required to be exclusively dedicated to the non-ring-fenced bank and its subsidiaries. This means that colleagues who are based in the Islands or Gibraltar would not be able to undertake roles for the Ring Fenced Bank from their existing location and would need to consider relocation when applying for roles. 

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain recover. 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'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.