Accountant 6

This group is dedicated to process control improvement and the betterment of corporate reporting for SEC and regulatory filings as well as legal entity reporting for institutional broker-dealers. The controller group works closely with the Finance team to compile SEC and regulatory reporting. The department has been in existence for several years but is in process of increasing its technical accounting depth and bandwidth given the increased level of regulation, new product development, and increased control standards. This position is an important aspect to the success of this initiative.

This role will act as a liaison between the Business Unit Senior Leaders, Group Finance Officer team and the Corporate Controllers Division. Primary responsibilities include ensuring that major financial accounting procedures and controls are adequate and that the overall system of internal controls provides reasonable assurance as to the integrity and reliability of financial data. A candidate in this role is required to have a strong understanding and knowledge of the group’s products and services and the underlying processes, systems and other support partner functions (operations, technology, compliance, risk management, legal, etc.) supporting their business and customers. The position also requires a detailed knowledge base in derivative products and the relationship between accounting and economics of the transactions, including risk mitigation.

This role provides technical expertise regarding accounting issues, SEC reporting and regulatory information and research. Duties include providing technical assistance on major transactions and product development, reviewing SEC disclosure and regulatory reporting information, communicating practices and procedures for proper financial control, working on implementation of new or revised accounting standards, ensuring compliance with Corporate Controllers accounting and governance policies and procedures, ensuring the monthly close is effective by analyzing the income statement/balance sheet/yields, ensuring compliance with GAAP, monitoring of system conversations, and working with Internal/External Auditors and Federal Reserve/OCC regulators on exams. This role applies extensive specialized knowledge and acts as an internal consultant or final authority in area of expertise.

In addition to the above, this position will be responsible for the following:

•Maintain regular interaction with front office and finance personnel regarding technical accounting matters and discuss/review new products for controller group approval.

?Technical accounting matters generally consist of consolidation, transfer accounting, fair value, derivative determination, bifurcation of embedded derivatives, hedge accounting, and balance sheet netting.

•Document highly technical accounting policy memorandums that are concise and clear for senior management and Corporate Accounting Policy review.

•Day to day management of ledger entries and providing accounting insight to business, operations, and finance personnel related to derivative and cash products of Securities

•Provide product and accounting training to the larger controller group of Securities

•Represent Securities within applicable industry groups and accounting related industry initiatives.

•Perform corporate level SEC and Regulatory reporting relevant to products within business lines inclusive of but not limited to equity sales and trading, commodities trading, municipal trading, and other products such as repos, securities lending, and credit trading, as applicable.

Basic Qualifications:

7+ years accounting experience.

Minimum Qualifications:

•Understanding of derivative accounting including identification, recognition, and reporting

•Understanding of broker-dealer/investment banking activities and products

•Strong technical accounting experience/understanding required in some or all of the following

-Consolidation

-Financial instrument transfers

-Derivatives and hedging

-Fair value

•Ability to research and document GAAP issues in clear and concise memorandums

•Strong computer skills required

•Strong analytical skills

•Strong verbal and written communication skills

•Ability to lead, organize, and manage projects beginning to end that require coordinated efforts across multiple functions (e.g., legal, operations, front-office, finance, corporate, etc.)

•Product knowledge in some or all of the following areas (repurchase agreements, securities lending, commodities, cash equities trading, credit trading, securities, etc.)

Preferred Qualifications:

•General ledger experience to facilitate review

•MBA/CPA

•SEC & Regulatory Reporting and Accounting Policy Experience

•Broad Capital Markets product knowledge throughout the industry inclusive of investment banking, asset-backed financing, non-marke equity investments, etc

All your information will be kept confidential according to EEO guidelines.

Contact: Jaime Chisolm -