Director of Accounting Policy
Bank Holding Company
The Director of Accounting Policy manages multiple teams through other managers. A good understanding of the industry and our direct competitors’ products and services is also necessary to contribute to the commercial objectives of the business. Typically, this role reports to a Managing Director and functions as an integral member of the leadership team within the line of business.
Responsibilities:
• Participate in accounting policy enforcement and ensures that the bank’s business activities are in conformity with generally accepted accounting principles (GAAP).
• Contribute to the Mergers and Acquisition process.
• Assist in facilitating the proper implementation of new accounting standards, disseminates information on current accounting topics and recent developments that affect the bank and acts as a source to obtain recent presentations and corresponds with external standard setters and regulators.
• Lead implementation efforts for new accounting standards, primarily US GAAP but including IFRS
• Advise business heads and managers regarding the accounting implications of new products and changes to existing products.
• Prepare and deliver presentations to facilitate firm-wide education of new or changing accounting requirements to ensure that management understands the impact of new standards and regulations
• Research technical accounting issues, and consulting with Regional and Business Unit Accounting Policy groups on complex transactions
• Prepare detailed documentation to support accounting conclusions of new/modified products and complex transactions
• Prepare and present to Senior Management impacts of accounting standards, complex transactions.
• Assist accounting training (on existing and new pronouncements) to Local Finance and Business teams.
• Assist with Balance Sheet Review process, and Internal and External auditors processes where applicable
Qualifications:
• 15+ years experience in Big 4 Accounting Firm with focus on banks or equivalent experience in Policy group of major financial institution; Experience working for FASB and/or U.S. banking regulator is highly desirable
• Practical knowledge of US GAAP, specifically in regards to financial instrument accounting. Knowledge of Regulatory Reporting / Basel issues ; the individual must possess excellent interpersonal and client service skills as well as have the ability to work very closely with many different levels of management on the business side; Excellent research, analytical, organization and drafting skills