About the Role
Also known internally as Fin Rep & Analysis Analyst 3
DCOE is a team created in response to issues identified with derivatives reporting and netting that prompted a SOX Significant Deficiency.
To complete the role of the DCOE requires a comprehensive set of derivatives and collateral information. This comprehensive dataset must be reconciled to GL to ensure completeness.
Data validation activities are also performed to ensure the accuracy of data elements received and derived.
Validation activities-certain monitoring of data elements for completeness and accuracy are required to ensure data quality and accurate reporting
Quarter-end Reporting : Overnight LOB Package creation, manual adjustments, creation of certain reporting templates for the team
Collateral Reconciliation-Weekly reconciliation of collateral information contained in Derivatives Application compared to General Ledger to enable the team to review / conduct research of discrepancies
SOX Documentation-Coordinate quarterly review of procedural documentation across the team to ensure documentation is updated timely
Collateral Reporting-Perform monthly and quarterly reporting of collateral values for the y-9c, call report and TIC reporting
Preparation of Variance Analysis files : Update files to aid the team in analyzing changes in derivative values month over month / quarter over quarter
Overnight processing of quarter-end activities : Manual Adjustment Engine runs, update of reconciliation of DNRA to GL, update of Elim Monitoring Report, Hedge Reclassification Activities
Monthly Reconciliations as assigned to Balance Sheet Certification
Daily journal entries associated with applications that lack accurate accounting within the system
Market Skills and Certifications
Candidates must be a CPA (Certified Public Accountant)
Must have at least 2 years of experience in accounting preferably in derivatives, capital markets, US Regulatory Reporting, US Financial Services and reconciliation / validation.
Must be proficient in creating reports in Excel, has the ability to maximize use of formulas and functions to streamline reporting needs.
Basic understanding of macros programming using VBA / Access is highly preferred.
Familiarity in portfolio or securities accounting such as securities, commodities, investment funds, derivatives and especially foreign exchange
Must have in-depth background in compiling and analyzing financial information in preparing entries to accounts, such as general ledgers and document business transactions.
Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions
Ability to resolve accounting discrepancies
Must be able to establish, maintain, and coordinate the implementation of accounting and accounting control procedures
Candidates must be willing to work in night shifts, or weekends / holidays if deemed necessary by the business