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Federal Home Loan Bank of Atlanta · 3 days ago

Derivative Accounting and Compliance Analyst

Atlanta, GA

Full-time

Hybrid

Entry, Mid Level

2+ years exp

Federal Home Loan Bank of Atlanta is seeking a Derivative Accounting and Compliance Analyst to perform compliance functions related to Accounting Standards Codification ASC 815. The role involves analyzing derivative transactions, contributing to system-oriented projects, and maintaining the ASC 815 processing system.

BankingFinancial ServicesInsurance

Comp. & Benefits

No H1B

Hiring Manager

Chase Scully

Responsibilities

Analyze derivative transactions and the respective documentation and applies departmental policies and procedures to ensure compliance

Contribute to system-oriented projects to include involvement with detailed testing, as well as analysis and requirements definition

Represent the business unit in Information Technology enhancement projects. This includes attending detail project meetings, user acceptance testing and working with management to resolve unexpected testing results

Monitor, maintain, and understand the Bank’s Statistical Regression Model used for retrospective testing of hedge correlation for all instruments receiving hedge accounting. Work with detailed data and analyzes calculation results to support fair value hedge relationship assertions and documentation

Review, monitor, and understand the Prospective Effectiveness tests used to comply with Prospective Testing requirements of ASC 815 for all instruments receiving hedge accounting to support an expectation of highly offsetting market value changes under fair value hedge relationships. Recommend design enhancements and perform testing of regression and amortization calculations used for ASC 815

Provide analytical review of market valuations used for ASC 815 accounting

Assist with the maintenance and updating of the Accounting Services department ASC 815 procedures and documentation

Maintain and enhance the ASC 815 processing system and interfaces to other systems

Involvement with critical accounting functions, including accounting entries, processing as necessary for monthly accounting close, and monthly and quarterly reporting, in addition to providing support through cross-training with ASC 815 and other departmental areas

Use existing and write new SQL queries to analyze data and provide ad hoc data requests

Qualification

ASC 815 complianceStatistical regressionSQL queriesFinancial instrumentsCertified Public AccountantChartered Financial AnalystMinimal supervisionCommunication skillsProblem-solving skills

Required

A bachelor's degree in accounting/finance and two years accounting/financial analysis to include derivatives and/or ASC 815 experience, or the equivalent combination of education and experience

Good communication and problem-solving skills are required

Ability to work with minimal supervision required

Experience with financial instruments and derivatives desired