Senior Manager, Hedge Accounting Solutions

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Job Summary

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

We are seeking a dynamic and technically skilled professional to join our Treasury team as the Head - Hedge Accounting Control & Solution. This role reports to the Global Head of Product Control with a matrix to the Global Head of IRRBB. The successful candidate will expand the Bank's hedge accounting capabilities, develop compliant and effective strategies, and support IFRS 9 transition initiatives. They will lead the HA Control & Solution center of excellence, working closely with Technical Accounting, Treasury, IRRBB, Product Control, and other stakeholders to deliver top-tier hedge accounting solutions across the Group.

Responsibilities

Strategy

• Spearhead the design and implementation of hedge accounting strategies, from opportunity assessment to final accounting approval.
• 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 automated and manual approaches.

Business

• Partner with Technical Accounting, Group Reporting, and Product Control to ensure compliance with applicable accounting standards (e.g., IAS 39, IFRS 9).
• Build valuation models for hedged risks to support hedge effectiveness testing, collaborating with Valuation Control and other stakeholders.

Processes

• Drive system enhancements by shaping hedge-related functionalities, drafting business requirements (BRDs), and overseeing UAT activities with Product Control, Treasury Change, and IT teams.
• Design interim solutions for early implementation of new strategies, including manual pricing logic and reporting processes, in partnership with Product Control.
• Collaborate with regional and cross-functional teams to deliver enterprise-wide hedge accounting initiatives.
• Prepare for future changes, including IFRS 9 DRM transition readiness, gap assessments, policy alignment, and solution design with Technical Accounting.
• Lead thought leadership, mentor peers, and promote knowledge-sharing across regions.

People & Talent

• Lead, inspire, and motivate the Hedge Accounting Control & Solution team to achieve their potential and deliver on objectives.
• Set the tone and expectations, fostering an appropriate culture and values, working collaboratively with risk and control partners.

Risk Management

• Prepare and present complex hedge accounting papers under IAS 39/IFRS 9 for internal and external review.

Governance

• Manage financial projects, ensuring timely delivery within scope and budget.
• Identify and drive process improvements for efficiency and effectiveness.

Regulatory & Business Conduct

• Uphold the Group's Values and Code of Conduct.
• Ensure compliance with laws, regulations, and guidelines, embedding high standards of ethics.
• Lead in achieving the Bank's Conduct Principles.
• Identify, escalate, and resolve risk, conduct, and compliance issues collaboratively.

Key Stakeholders

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

Our Ideal Candidate

• Bachelor's degree in accounting, Finance, or related; Master's or professional certifications (CPA, CFA) preferred.
• 10+ years in finance or accounting, with hedge accounting expertise.
• Deep knowledge of hedge accounting frameworks (IAS 39) and financial instrument valuation.
• Experience designing and executing hedge strategies across risk types.
• Strong analytical and problem-solving skills, with sound judgment in data-driven decisions.
• Excellent communication and collaboration skills.
• Familiarity with hedge accounting tools (e.g., Sabre Cortex, Murex) is a plus.

Technical Competencies

• Stakeholder engagement and management
• Excel and data analysis skills
• Financial statement understanding
• Knowledge of financial markets and products

About Standard Chartered

We are an international bank committed to making a positive impact. We value diversity, inclusion, and continuous improvement. Join us if you seek purpose-driven work and a supportive environment for your talents.