Assistant Vice President

Overview

The Treasury HA function sits at the center of Treasury’s risk management activities, often acting as a key business partner to the Treasury function. This role helps to deliver accounting solutions that reduce the firm’s volatility of earnings experienced through fair value accounting.

The role is principally responsible for monthly monitoring and reporting of segmental (head office) and statutory P&L, as well as 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.

Key Accountabilities

• 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 and related models.
• Develop an understanding of how potential rates movement in the UK, Barclays, and globally impacts Hedge Accounting’s ability to mitigate P&L volatility.

Essential Skills/Basic Qualifications

• Basic hedge accounting knowledge [cash flow and fair value] is advantageous, ideally gathered in a financial institution.
• Excellent Excel skills (VBA, SQL, Python highly desirable but not necessary).
• Demonstrable experience of participating in change projects.
• Desirable experience of linking entity results through to financial statement production.
• Fully qualified accountant.
• Degree (or higher) educated.

Purpose of the Role

To report and analyze hedging relationships, identify potential hedge accounting opportunities, and implement effective hedging strategies to mitigate accounting asymmetry risk.

Accountabilities

• Design and implementation of effective hedge accounting strategies that support the bank's overall risk management framework.
• Assessment of potential hedge accounting relationships between financial instruments.
• Preparation and maintenance of comprehensive hedge accounting documentation.
• Fair value measurements for financial instruments, using appropriate valuation methodologies.
• Management of regular effectiveness testing of hedging relationships.
• Report the internal and external statutory view of hedge accounting effectiveness for presentation into Barclays Annual Accounts.

Assistant Vice President Expectations

• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and develop new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the objectives of the organisation sub-function.
• Collaborate with other areas of work, to keep up to speed with business activity and strategy.
• Engage in complex analysis of data from multiple sources to solve problems creatively and effectively.
• Communicate complex information clearly.
• Influence stakeholders to achieve desired outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence, and Stewardship, as well as embody the Barclays Mindset – to Empower, Challenge, and Drive.