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BNY

Senior Vice President, Technical Accounting

Posted 17 Days Ago
Be an Early Applicant
In-Office
New York, NY, USA
102K-196K Annually
Senior level
In-Office
New York, NY, USA
102K-196K Annually
Senior level
The role involves leading a technical accounting team, advising on US GAAP hedge accounting rules, managing compliance, and liaising with auditors and regulators.
The summary above was generated by AI

At BNY, our culture allows us to run our company better and enables employees’ growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.

Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.

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 office.

In 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- 20yrs
  • Strong 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

At BNY, our culture speaks for itself, check out the latest BNY news at:

BNY Newsroom

BNY LinkedIn 

Here’s a few of our recent awards: 

  • America’s Most Innovative Companies, Fortune, 2025
  • World’s Most Admired Companies, Fortune 2025
  • “Most Just Companies”, Just Capital and CNBC, 2025
    Our Benefits and Rewards: 

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter. 

BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $102,000 and $196,250 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.

This position is at-will and the Company reserves the right to modify base (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance and market factors.
 

Top Skills

Excel
Hedge Accounting
Us Gaap
HQ

BNY New York, New York, USA Office

240 Greenwich St, New York, NY, United States, 10007

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