Director, Head of Hedge Accounting Control & Solutions
Standard Chartered Bank
APAC/Oceania, India, Bengaluru
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Salary
$78,347 - $135,568 Per Year
Rank
Director
Responsibility
Process Roles
Scope
Regional
Workplace
100% in office
Functions
Finance
Reports to
Global Head of Product Control
Level
N-3
Travel Max:
0%
Posting Date
07-18-2025
Description
We are seeking a dynamic and technically skilled professional to join our Treasury team as the Head – Hedge Accounting Control & Solution, reporting into the Global head of product control with a matrix to Global Head, IRRBB. 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 act as lead running the 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
- 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 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.
- Develop and maintain appropriate policies and procedures which ensure the accounting, management and financial reporting integrity of the balance sheet and P&L.
- Responsible for designing, building, and maintaining a robust control environment in respect of FTP controllership.
People & Talent
- To supervise, inspire and motivate the Hedge accounting control & solutions team ensuring that everyone achieves their potential and that the team delivers its collective agenda.
- To manage 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.
- Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
- Employ, engage and retain high quality people, with succession planning for critical roles.
- Responsibility to review team structure/capacity plans.
- Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
Risk Management
- Prepare and present complex technical hedge accounting papers under IAS 39/IFRS 9 for internal stakeholders and external auditor endorsement.
Governance
- Provide thought guidance and take accountability on different initiatives spanning – Technology, Regulatory & Group reporting Controls.
- Supervision 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.
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
- Lead to achieve the outcomes set out in the Bank’s Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.] *
- Serve as a Director of the Board
- Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association (or equivalent)
Qualification & Requirements
Skills and Experience
- Manage Conduct
- Manage Risk
- Manage People
- External Reporting
- Risks & Controls
- Performance Management
- Balance Sheet Management
- Tax Management
- Regulatory & Compliance
- Project Management
Qualifications
Given the breadth of areas the role covers, it requires a high proficiency in a wide variety of topics, including:
- Bachelor’s degree in accounting, finance, or a related field; a Master’s degree or professional certification (e.g., CPA, ACCA, CA, CFA) is strongly preferred.
- 10–15 years of experience in finance or accounting functions, with a strong preference for candidates with Treasury and 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.
- Strong Control mindset
- Strong Product knowledge at across the core business products.
Benefits
- 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.
Company Profile
Standard Chartered Bank
Industry
Banking
Revenue
$17.4B
Employees
85,000
Fortune 500 Rank
#102
Global 500 Rank
#396
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