GBM Private, Corporate Derivatives - Hedge Accounting Specialist, Vice President, New York

Our division works on some of the most complex financial challenges and transactions in the market today. Whether advising on a merger, providing financial solutions for an acquisition, or structuring an initial public offering, we handle projects that help clients at major milestones. We work with corporations, pension funds, financial sponsors, and governments and are team of strong analytical thinkers, who have a passion for producing out-of-the-box ideas.

The Corporate Derivatives desk helps corporations and financial sponsors address macro market exposures across interest rates, foreign exchange, commodities, credit and equity derivatives. Typical client dialogue relates to managing risk on the back of M&A, financing and / or other strategic initiatives, along with day-to-day exposures. The team interacts closely with both the Global Markets Division desks and the rest of the Investment Banking Division (Investment Grade Capital Markets, Leveraged Finance and Classic Banking) to educate clients, help develop innovative solutions and execute trade ideas.

Responsibilities:

• Serve as the point of contact within Investment Banking for all US GAAP accounting topics - both for external clients as well as internal stakeholders
• Primary support to the Corporate Derivatives team with respect to hedge accounting of derivative strategies under US GAAP, incl. hedging of ongoing interest rates and FX exposures as well as strategic exposures related to M&A
• Highly technical role encompassing both the theoretical and practical aspects of (hedge) accounting to help our clients with hedge accounting requirements
• Liaise with external stakeholders (auditors) and internal stakeholders to develop understanding of accounting treatment for novel derivative solutions which is aligned with hedge accounting standards and the Bank's policies
• Support the development of tailored communication (both internally and externally) about changes in hedge accounting policy or interpretation and impacts on corporates
• Utilize knowledge of corporate finance, derivatives and capital markets to propose innovative ideas to address client goals around new (hedging) strategies as well as restructuring existing client portfolios

Skills and Experience we are looking for:

• Bachelor's degree and 5 years of experience in Technical Accounting, Auditing or Financial Reporting, ideally, with respect to derivatives
• CPA License preferred
• Deep understanding of derivative financial instruments
• Experience managing and maintaining relationships with both internal and external clients
• Drive, enthusiasm, creativity and interpersonal skills required
• Personal integrity, initiative and leadership qualities required
• Must be a collaborative team player