Job Description

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 implement effective hedge accounting strategies that support the bank's overall risk management framework and adjust as needed to maintain hedge effectiveness and respond to changes in market conditions.

- Assess potential hedge accounting relationships between financial instruments, considering factors such as effectiveness, designation, and hedge ratio.

- Prepare and maintain comprehensive hedge accounting documentation, including hedge designation reports, effectiveness testing results, and fair value measurements; ensure that hedge accounting documentation is accurate, compliant with accounting standards, and readily available for audit review.

- Conduct fair value measurements for financial instruments, including both hedged and hedging instruments, using appropriate valuation methodologies, and calculate and record hedge accounting adjustments, including hedge ineffectiveness adjustments, to reflect the impact of hedging relationships on the financial statements.

- Manage regular effectiveness testing of hedging relationships to assess whether they continue to meet the requirements for hedge accounting, and evaluate the effectiveness of hedging strategies, adjusting as needed to maintain hedge effectiveness.

- Report the internal and external statutory view of hedge accounting effectiveness for presentation in 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, requiring an understanding of how areas coordinate and contribute to the achievement of the objectives of the organization sub-function.

- Collaborate with other areas of work, for business-aligned support areas to keep up to speed with business activity and business strategy.

- Engage in complex analysis of data from multiple sources of information, both internal and external, such as procedures and practices in other areas, teams, companies, etc., to solve problems creatively and effectively.

- Communicate complex information, which could include sensitive information or information that is difficult to convey due to its content or audience.

- Influence or convince stakeholders to achieve outcomes.

Barclays Values and Mindset

All colleagues are expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence, and Stewardship - our moral compass, helping us do what we believe is right. They are also expected to demonstrate the Barclays Mindset - to Empower, Challenge, and Drive - the operating manual for how we behave.

Role Requirements

As a Barclays Treasury Hedge Accounting Assistant VP, you may be assessed on key critical skills relevant for success in the role, such as risk and controls, change and transformation, business acumen, strategic thinking, digital and technology, as well as job-specific technical skills.

Legal Right to Work

Barclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays or require sponsorship from Barclays, you must declare this as part of your application. Sponsored visas are role and entity-specific, and any changes must be reviewed. It is important to ensure you are working on the correct visa at all times. Failure to accurately disclose your visa status or Legal Right to Work may result in your application or any employment offer being withdrawn at any time.