Senior Vice President, Technical Accounting

BNY Mellon; New York (NY); On-site; USD 117,750 - 196,250; Full time

Job summary

BNY is seeking a senior member of the Derivatives and Hedging Technical Accounting team in New York to support treasury hedge programs. You will be a SME for US GAAP hedge accounting and collaborate with auditors and the treasury team to ensure compliant documentation.

The role requires a CPA with 10–20 years of experience, strong Excel skills, and the ability to lead end-to-end controls, monitoring, and disclosure across global hedge activities.

Qualifications

• Experienced CPA with 10–20 years in hedge accounting or related audit.
• Deep knowledge of US GAAP hedge accounting rules and applications.
• Strong communication with auditors, regulators and treasury teams.
• Excellent Excel skills and openness to new technologies.

Responsibilities

• Act as accounting SME in US GAAP Hedge Accounting; advise Treasury on new hedge strategies and monitoring.
• Ensure timely creation and approval of Hedge Documentation for approved hedge strategies.
• Review or create hypo trades representing risk components hedged.
• Review hedge documentation for compliance with documented hedge strategy.
• Perform reconciliation controls for hedge trades in designated hedge books.
• Finance manager supporting end-to-end hedge accounting and reporting of Treasury hedge activities.
• As manager, own end-to-end accounting controls for hedge programs, including monthly GL checks.
• Lead in implementing new hedge programs; ensure accounting systems segregate hedging derivatives for automation.
• Perform monthly and quarterly hedge effectiveness monitoring and reporting.
• Ensure corporate accounting policies reflect new hedge strategies.
• Act as contact to External Audit, Internal Audit, SOX and regulators for data requests.

Skills

US GAAP hedge accounting

CPA with 10-20 years

Communication with auditors/regulators

Excel

Education

CPA certification

Tools

Excel

Job description

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 the 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 a required minimum of 4 days a week in the office.

Responsibilities

• Act 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)
• Ensure timely creation and approval of Hedge Documentation for approved hedge strategies
• Review or create hypo trades representing risk component hedged
• Review hedge documentation for compliance with documented hedge strategy
• Perform reconciliation controls 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 team’s 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
• Ensure corporate accounting policies are 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 related to global hedge programs

Qualifications

• Experienced CPA professional 10‑20 years
• Strong knowledge of US GAAP hedge accounting rules and / or experience in audit of hedge programs or direct experience in application of hedge accounting
• 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

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.