Finance Accounting Lead Analyst - Hedge Accounting

Citi • Getzville, NY

26d

About The Position

Develop and maintain in-depth knowledge of Finance industry trends Contribute to the directional strategy of the Finance function, anticipating the impact to daily work and the business Evaluate and resolve complex issues and select the best action by weighing various alternatives and balancing potentially conflicting needs Hedge program governance, ensuring adherence to the hedge program requirements, hedge documentation and controls. Application of accounting standards, monitoring hedge metrics including effectiveness regressions, reviewing daily measurement of hedge ineffectiveness, hedge volume levels, among others. Review new hedge designation and hedge de-designation and validate that transactions are conducted following the ASC 815 guidelines. Manage monthly USGAAP reporting including preparation of journal entries and completion of deliverables such as regulatory reporting and 10Q/K requirements. Participate in discussions with trading desks, accounting policy and other stakeholders on business and product initiatives and advise on accounting and infrastructure implication of proposals. Perform tie-outs of derivatives disclosures on a quarterly basis Represent as hedge accounting subject matter expert in initiatives in response to new regulations, new transactions, and technology implementation. Perform control and operational risk management functions through regular risk assessments and implementation of robust internal control activities. Streamline and enhance existing processes to achieve greater efficiency and a stronger

Requirements

• 6-10 years of relevant experience
• Consistently demonstrates clear and concise written and verbal communication
• Knowledge of derivative instruments and the accounting for them (including hedge accounting).
• Proficient in Microsoft Office
• Bachelor's degree in Accounting

Nice To Haves

• CPA preferred
• Master's degree preferred
• Accounting Processes and Financial Controls
• Assessment
• Constructive Debate
• Financial Accounting
• Financial Reporting
• Management Reporting
• Policy and Regulation
• Portfolio Analysis
• Product Knowledge
• Risk Management

Responsibilities

• Hedge program governance, ensuring adherence to the hedge program requirements, hedge documentation and controls.
• Application of accounting standards, monitoring hedge metrics including effectiveness regressions, reviewing daily measurement of hedge ineffectiveness, hedge volume levels, among others.
• Review new hedge designation and hedge de-designation and validate that transactions are conducted following the ASC 815 guidelines.
• Manage monthly USGAAP reporting including preparation of journal entries and completion of deliverables such as regulatory reporting and 10Q/K requirements.
• Participate in discussions with trading desks, accounting policy and other stakeholders on business and product initiatives and advise on accounting and infrastructure implication of proposals.
• Perform tie-outs of derivatives disclosures on a quarterly basis
• Represent as hedge accounting subject matter expert in initiatives in response to new regulations, new transactions, and technology implementation.
• Perform control and operational risk management functions through regular risk assessments and implementation of robust internal control activities.
• Streamline and enhance existing processes to achieve greater efficiency and a stronger

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees