AVP, Accounting Policy & SOX Compliance Manager

The Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a cooperative, we are owned by more than 420 banks, credit unions, insurance companies, and community development financial institutions that access tens of billions of dollars of our reliable wholesale funding each year.

Our funds are a vital resource that helps our members succeed, provide families with safe, decent affordable housing, and generate economic development that creates jobs in communities throughout our region.

Our highly skilled team of 220 is diverse, innovative, collaborative, and passionate about the work we do. We seek other professionals excited to share their knowledge, talent, and passion for our mission to join our team. We offer opportunities for career development, robust benefits, and a work-life balance.

The AVP, Accounting Policy and SOX Compliance Manager oversees and has overall responsibility for the development, implementation and administration of accounting policies for the Bank and the development and maintenance of the Bank’s SOX 404 and 302 compliance activities. The position manages the implementation of new accounting standards and reporting requirements with accounting personnel and functional departments. Provides guidance for financial reporting and general Bank accounting issues.

Evaluates new/proposed products or transactions for appropriate accounting treatment.

The position manages one staff member, the Senior SOX Compliance Analyst. With the Senior SOX Compliance Analyst, the position works with business process owners on the continued refinement, timely completion, and ongoing maintenance of all SOX 404 and 302 activities. Evaluates and concludes on the severity and materiality of any identified accounting errors or internal control deficiencies. Assesses business processes to identify internal control strengths and weaknesses.

Liaises with external and internal auditors to ensure compliance with rules and interpretations of SOX guidelines.

Additionally, the AVP, Accounting Policy and SOX Compliance Manager analyzes business processes across the Accounting department to identify opportunities for process improvement through automation and IT-system feature adoption, working collaboratively with department managers and staff to develop and implement solutions.

This role will have a hybrid work schedule in our Boston office in accordance with the Bank’s Hybrid Work Program. More time will be expected in the office to support onboarding initially.

The anticipated base pay range for this role is $119k - $182k

This role is based in Boston with weekly in-office expectations. The base pay posted represents the annual base pay range or hourly wage range that we expect to offer for this job opportunity. The actual base salary offer will depend on a variety of factors including relevant experience, required skills and other relevant factors. The range noted here is not indicative of all positions in the job grade within which this position falls.

All Bank full-time positions are eligible to participate in our annual incentive program and our robust total rewards offerings, in addition to the base pay.

For more information, visit Careers - FHLBank Boston

• Develop and maintain accounting policies for the Bank which are consistent with GAAP and SEC requirements.
• Evaluate new GAAP and SEC requirements as issued to determine the impact on the Bank and develop or modify the Bank’s accounting policies as necessary.
• Monitor the Bank’s ongoing compliance with its accounting policies and disclosure requirements.
• Manage the update process for the Accounting Control department’s Policies and Procedures manual.
• Communicate accounting policies throughout the organization as necessary.

• Continuously improve the…