About the position
Zions Bancorporation, N.A. is a premier financial services company with ~$100B in assets operating through 8 brands across various states. Zions Capital Markets provides targeted, client-driven financing and advisory solutions to help companies raise capital efficiently and execute strategic transactions effectively. The role of Capital Markets Accounting Manager will fall within Zions' Enterprise Accounting, which provides accounting for Zions Bancorporation's affiliate companies, including month-end close, consolidation of company general ledgers, and accounting support for the bank's business units. The ideal candidate will have a strong background in derivative accounting and a deep understanding of capital markets, overseeing the accounting and financial reporting of derivative instruments and ensuring compliance with relevant regulations.
Responsibilities
- Oversee the accounting and financial reporting for all derivative instruments, including interest rate swaps, currency swaps, options, and futures.
- Ensure compliance with relevant accounting standards (e.g., GAAP) and regulatory requirements.
- Develop and maintain derivative accounting policies, procedures, and internal controls.
- Perform hedge effectiveness testing and ensure proper documentation of hedge relationships.
- Execute independent price verification (IPV) of complex derivative instruments with a strong attention to detail.
- Prepare and review financial statements, disclosures, and other regulatory filings related to derivatives.
- Assist in the development and implementation of strategies to manage financial risks associated with derivative instruments.
- Collaborate with treasury, risk management, and other finance teams to provide accurate and timely financial information.
- Monitor market trends and developments in derivative accounting to ensure compliance.
- Advise capital markets leadership of any anticipated regulatory market developments.
- Support internal and external audits related to derivative accounting.
Requirements
- Bachelor's degree in Accounting, Finance, Economics, or a related field.
- 6-10 years of public company accounting experience with at least 5+ years of experience with derivative products or Capital Markets.
- Strong knowledge of US GAAP reporting requirements including bank financial statements and derivative disclosures.
- Familiarity with derivative regulatory requirements (e.g., Dodd-Frank, MiFID, and Basel Regulations).
- Understanding of Sarbanes Oxley (SOX) and financial reporting process controls experience for derivatives trading preferred.
- Understanding of major fixed income derivative asset classes (i.e., interest rate FX, credit, and commodities).
- Understanding of financial modeling and valuation of derivative instruments.
- Excellent analytical and problem-solving skills.
- Effective communication and interpersonal skills.
- Ability to work independently and as part of a team.
- Advanced proficiency in Microsoft Excel and other financial software (e.g., Bloomberg, Reuters).
Nice-to-haves
- Master's degree in Accounting, Finance, or a related field.
- CPA or equivalent certification.
- Experience working in financial services or similar regulated industries.
- Knowledge of regulatory requirements and market trends related to derivative instruments.
- Familiarity with treasury management systems and financial reporting tools (experience with Calypso preferred).
- Prior experience conducting independent price verification testing and price reconciliations.
- Deep understanding of ISDA agreements and practices, the Depository Trust and Clearing Corp. (DTCC) Global Trade Repository (GTR) rulebook.
- Past experience monitoring and tracking regulatory rulemaking development.
Benefits
- Competitive salary and performance-based bonuses commensurate with experience.
- Comprehensive health, dental, and vision insurance starting day 1.
- Retirement savings plan with employer match.
- Opportunities for professional development and career advancement.
- Flexible work arrangements and a supportive work environment.
