BNY · 2 weeks ago
Senior Vice President, Technical Accounting
240 Greenwich Street, New York, NY, 10286, US
Full-time
Onsite
Senior Level, Lead/Staff
10+ years expBNY is a leading global financial services company influencing nearly 20% of the world’s investible assets. They are seeking a Senior Vice President for their Technical Accounting team, responsible for providing advisory services on hedge accounting rules and ensuring compliance with US GAAP for Treasury hedge programs.
Financial Services
Responsibilities
Acting as accounting Subject Matter Expert (SME) in US GAAP Hedge Accounting Rules and Requirements by performing advisory services to Treasury personnel on implementation of new hedge strategies and implementation of hedge effectiveness monitoring (interest rate swap, Interest rate option products, Cross-Currency swaps and FX Forwards)
Ensuring timely creation and approval of Hedge Documentation for Approved Hedge Strategies
Review or creation of Hypo trades representing risk component hedged
Review of hedge documentation for compliance with documented hedge strategy
Ensuring reconciliation controls performed to ensure all Hedge Trades executed in designated hedge books have been contemporaneously documented as approved hedge relationships
Finance manager supporting end-to-end hedge accounting and reporting of Treasury Hedge Activities:
As manager, act as owner of teams end-to-end accounting controls for hedge programs including monthly review of key GL checks
Lead partner in implementation of new hedge programs, ensuring accounting systems appropriately segregate hedging derivatives for automated accounting, and hedge designation tracking
Perform monthly and quarterly hedge effectiveness monitoring and reporting
Ensuring Corporate Accounting Policies updated to reflect new hedge strategies
Act as direct point of contact to External Audit, Internal Audit, SOX, and or regulators associated with data requests associated with Global Hedge programs
Qualification
Required
CPA certification
10-20 years of experience
Strong knowledge of US GAAP Hedge accounting rules
Experience in audit of hedge programs or direct experience in application of hedge accounting
Strong communication skills necessary to interact with auditors, regulators and BNY Treasury team
Strong knowledge of Excel
Willingness to embrace new technologies
Benefits
Highly competitive compensation
Benefits
Wellbeing programs
Flexible global resources and tools
Generous paid leaves
Paid volunteer time
Company
BNY
For more than 240 years BNY has partnered alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Brian A. Ruane
CEO Government Securities Services & Global Client Management
Chris Kearns
CEO, Depositary Receipts
Recent News
PR Newswire
2024-11-01
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