Senior Vice President, Technical Accounting

Location: New York

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We are seeking to add a senior member to Derivatives and Hedging Technical Accounting team.  The candidate will be a senior member of a 6 person technical accounting advisory team which supports Treasury business global interest rate and foreign exchange hedge programs $50B notional.  Candidate required to be CPA with experience in application of hedge accounting rules pursuant to US GAAP (FAS 133, ASC 815).

This role is located in New York, NY, with required minimum 4 days a week in the  this role, you’ll make an impact in the following ways:
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

To be successful in this role, we’re seeking the following:
Experienced CPA professional 10- 20yrsStrong knowledge of US GAAP Hedge accounting rules and/or experience in audit of hedge programs or direct experience in application of hedge accounting

Successful candidate should have strong communication skills necessary to interact with auditors, regulators and BNY Treasury team in summarizing BNY Hedge programs Strong knowledge of excel and willingness to embrace new technologies
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