Senior Manager, Hedge Accounting

Ripple•Chicago, IL

2h•$176,000 - $210,000•Hybrid

About The Position

As Senior Manager, Hedge Accounting at Ripple Treasury, you lead the team that delivers technical hedge accounting excellence across our managed services client portfolio. You are the subject matter expert — the person clients, auditors, and colleagues turn to on the most complex ASC 815 and IFRS 9 questions — and the manager who sets the standard the team grows into. You own the quality and integrity of every hedge accounting deliverable we produce from hedge documentation and effectiveness testing through journal entries, disclosures, and audit support. You develop the Derivative Accountants and the broader team. And you drive the process discipline that makes our practice scalable — building the workflows, templates, and operational habits that let us do exceptional work efficiently, quarter after quarter. This role is for a leader who combines deep technical authority with a builder’s mindset: someone who can sit with a client through a complex hedge de-designation conversation in the morning.

Requirements

CPA required; advanced degree in Accounting or Finance a plus.
10+ years of progressive accounting experience, with at least 7 years focused on derivative instruments and hedge accounting under ASC 815 and IFRS 9.
Proven experience managing and developing accounting teams — in public accounting, managed services, or corporate finance.
Deep technical fluency in ASC 815 and IFRS 9, including practical hedge accounting elections, effectiveness testing methodologies, and disclosure requirements — you can research, interpret, and apply the standards independently.
Strong understanding of derivative instruments across asset classes: interest rate swaps, cross-currency swaps, FX forwards, options, and commodity derivatives.
Demonstrated track record of designing and implementing process improvements — you leave workflows better than you found them.
Comfortable managing multiple client engagements simultaneously — precise, organized, and able to prioritize under tight deadlines.
Strong communicator: you make complex accounting conclusions accessible to non-technical audiences, and you hold your ground on technical positions when it matters.

Nice To Haves

Experience with hedge accounting platforms (Ripple Treasury, Chatham Financial, Reval, FIS Quantum, or comparable TMS) strongly preferred.

Responsibilities

Serve as the company’s primary SME for hedge accounting under ASC 815 and IFRS 9 — providing authoritative technical guidance on fair value hedges, cash flow hedges, net investment hedges, de-designation scenarios, and disclosure requirements.
Review and approve hedge documentation, designation memos, risk management objectives, and effectiveness testing methodologies across the client portfolio.
Oversee quantitative and qualitative effectiveness assessments (regression analysis, dollar-offset, hypothetical derivative method) on a prospective and retrospective basis.
Guide clients through structuring new hedging relationships to achieve qualification and optimize accounting outcomes.
Translate FASB and IASB standard updates into clear, actionable impact summaries for clients and internal teams — before the deadline, not at it.
Lead audit support at the Director level: final review of work product and direct engagement with external auditors on complex hedge accounting matters.
Manage, mentor, and develop the derivative accounting team.
Set clear performance expectations, provide ongoing coaching, and deliver meaningful feedback that accelerates career growth and strengthens technical depth.
Own resource planning across client engagements — balancing workload, maintaining quality, and building capacity for growth.
Build a team culture grounded in technical rigor, accountability, and continuous improvement.
Identify and implement process improvements across the hedge accounting lifecycle — from trade capture and documentation through close, disclosure, and audit response.
Develop, document, and maintain standardized workflows, templates, and close checklists that scale across a growing client portfolio.
Evaluate and leverage technology solutions that increase accuracy, reduce manual effort and improve efficiency.
Establish and track team KPIs for delivery quality, timeliness, and client satisfaction; use data to drive decisions.
Lead retrospectives after each close cycle to capture what worked, what didn’t, and what changes before next quarter.
Serve as the senior escalation point for client inquiries, audit questions, and complex accounting positions across the managed services portfolio.
Build trusted relationships with client treasury, accounting, and finance leadership — advising at a strategic level, not just executing deliverables.
Partner with Ripple Treasury’s product, technology, and client success teams to inform platform capabilities and service design.

Benefits

Professional development budget to support other modes of learning.
Competitive salary, bonuses, and equity
Competitive benefits that cover physical and mental healthcare, retirement, family forming, and family support
Employee giving match
Mobile phone stipend
R&R days so you can rest and recharge
Generous wellness reimbursement and weekly onsite & virtual programming
Generous vacation policy - work with your manager to take time off when you need it
Industry-leading parental leave policies.
Family planning benefits.
Catered lunches, fully-stocked kitchens with premium snacks/beverages, and plenty of fun events