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Senior Manager, Hedge Accounting Solutions
Senior Manager, Hedge Accounting SolutionsConfidential • Bengaluru / Bangalore, India
Senior Manager, Hedge Accounting Solutions

Senior Manager, Hedge Accounting Solutions

Confidential • Bengaluru / Bangalore, India
23 days ago
Job description

This job is with Standard Chartered Bank, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

Job Summary

The Product Control GBS is accountable for delivery of the end-to-end product & valuation control functions in GBS and supervise different strategic initiatives for Treasury including Hedge Accounting Control & Solutions.

We are seeking a dynamic and technically skilled professional to join our Treasury team. This role will play a pivotal part in expanding the Bank's hedge accounting capabilities, developing compliant and commercially effective strategies, and supporting IFRS 9 transition initiatives. The successful candidate will work for HA Control & Solution center of excellence, working closely with Technical Accounting, Treasury, IRRBB, Product Control, and other key stakeholders to deliver best-in-class hedge accounting solutions across the Group.

Key Responsibilities

Strategy

  • Proactively identify and evaluate hedgeable exposures across the Bank to expand hedge accounting capacity; collaborate with IRRBB and Treasury to design strategies eligible for hedge accounting treatment.
  • Support Proof-of-Concept (PoC) initiatives for new hedge strategies, including simulations and stress testing using in-house systems to assess hedge effectiveness through both automated and manual approaches

Business

  • Partner with Technical Accounting, Group Reporting, and Product Control to drive compliance with applicable accounting standards (e.g., IAS 39, IFRS 9).
  • Help build robust valuation models for hedged risks to support prospective and retrospective hedge effectiveness testing, in collaboration with Valuation Control and other key stakeholders.
  • Processes

  • Help Drive system enhancement efforts by shaping hedge-related functionality, drafting business requirements (BRDs), and overseeing UAT activities with Product Control, Treasury Change and IT teams.
  • Design tactical interim solutions for early implementation of new strategies, including development of manual pricing rationale and reporting processes, in partnership with Product Control.
  • Collaborate closely with regional and cross-functional teams (e.g., Treasury Market, IRRBB, local CFOs, TA, COO, VC) to deliver enterprise-wide hedge accounting initiatives.
  • Position the Bank favourably for future changes, including driving IFRS 9 DRM transition readiness, including gap assessments, policy alignment, and solution design in partnership with Technical Accounting.
  • Champion thought leadership, mentor peers, and support knowledge-sharing across regions.
  • People & Talent

  • Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from the team and work in collaboration with risk and control partners across the organization
  • Risk Management

  • Prepare and present complex technical hedge accounting papers under IAS 39 / IFRS 9 for internal stakeholders and external auditor endorsement
  • Governance

  • Identify opportunities for process improvements and drive initiatives to enhance efficiency and effectiveness.
  • Regulatory & Business Conduct

  • Display exemplary conduct and live by the Group's Values and Code of Conduct.
  • Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
  • Lead to achieve the outcomes set out in the Bank's Conduct Principles.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
  • Key stakeholders

  • IRRBB, UK and regional
  • Regional Treasurer
  • Head and Directors, Treasury Market, Global
  • Technical Accountant team, Singapore
  • Valuation Control team, Singapore
  • Treasury COO team, Singapore, India
  • Treasury CFO team, Singapore
  • Product Control, India
  • Sabre Tech team, Singapore
  • Qualifications

  • Bachelor's degree in accounting, Finance, or a related field; a Master's degree or professional certification (e.g., CPA, CFA) is strongly preferred.
  • 6-8 years of experience in finance or accounting functions, with a strong preference for candidates with hedge accounting expertise.
  • Deep technical knowledge of hedge accounting frameworks (e.g., IAS 39) and practical experience in financial instrument valuation.
  • Demonstrated success in designing and executing hedge accounting strategies across multiple risk types.
  • Strong analytical mindset and problem-solving capabilities, with the ability to apply judgment in data-driven decisions.
  • Excellent communication and interpersonal skills, with the ability to effectively influence and collaborate across business, finance, and technical teams.
  • Familiarity with hedge accounting tools and financial systems (e.g., Sabre Cortex, Murex) is an advantage.
  • Role Specific Technical Competencies

  • Ability to engage and manage stakeholders in delivering objectives and outcomes
  • Strong excel and data analysis skills
  • Accounting knowledge and understanding of financial statements
  • Financial Market and product knowledge
  • About Standard Chartered

    We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

    Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.

    Together We

  • Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
  • Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
  • Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
  • What We Offer

    In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

  • Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
  • Time-off including annual leave, parental / maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
  • Flexible working options based around home and office locations, with flexible working patterns.
  • Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
  • A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
  • Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
  • Skills Required

    Cortex, Valuation Models, Sabre, ias 39 , Data Analysis, Excel, Murex, hedge accounting

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