Director, Hedge Accounting Solutions

Job ID: 33521

Location: Singapore, SG

Area of interest: Audit, Accounting & Finance

Job type: Regular Employee

Work style: Office Working

Opening date: 7 Jul 2025

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

**Strategy**
- Spearhead the end-to-end design and implementation of hedge accounting strategies—from opportunity assessment to final accounting approval.
- 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.
- Lead 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).
- 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**
- 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 logic 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**
- To lead, inspire and motivate the Hedge accounting control & solutions team ensuring that everyone achieves their potential and that the team delivers its collective agenda.
- 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**
- Lead and manage financial projects, ensuring they are delivered on time, within scope, and within budget.
- 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
- Bachelor’s degree in accounting, Finance, or a related field; a Master’s degree or professional certification (e.g., CPA, CFA) is strongly preferred.
- 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.
- 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**
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