Controllers- Salt Lake City- Associate, Product Controllers- 9241834

Job Duties

• Perform daily, weekly, monthly, and quarterly P&L and balance sheet reporting for Treasury.
• Perform on-going price verification processes, where applicable, to ensure appropriate valuation of firm inventory.
• Respond to ad-hoc questions and prepare analysis as they pertain to balance sheet and P&L for Corporate Treasury secured and unsecured funding activity and assist in providing supporting evidence to external auditor requests.
• Work on automation efforts with Technology/Engineering teams to create efficiencies and enhance the P&L reporting process.
• Preparation and analysis of drivers for Quarterly Earnings Release and filings.
• Analyze and understand Treasury’s sources and uses of Funding and its impact on net interest P&L.
• Understand accounting and control framework for Secured funding products, AFS/HTM investments, and different hedge accounting methods deployed by Treasury for interest rate risk management.
• Collaborate with Corporate Treasury to verify pricing methods of certain curves, analyze and report price verification results to CPVG, and liaise with vendors to assess and determine appropriate external marks.
• Conduct trainings on various Secured P&L processes for new joiners.
• Assess new trades for accounting treatment, financial statements disclosures and appropriate valuations.
• Partner with Corporate Treasury to understand the impact of its various existing and future business activities.

Job Requirements

• A Master’s degree (U.S. or foreign equivalent) in Accounting, Business, Finance, Economics, Mathematics, or a related field and two (2) years of experience in the job offered or in a related role.
• A Bachelor’s degree (U.S. or foreign equivalent) in Accounting, Business, Finance, Economics, Mathematics, or a related field and three (3) years of experience in the job offered or in a related role.
• Prior experience must include two (2) years of experience (with a Master’s degree) OR three (3) years of experience (with a Bachelor’s degree) with the following:
• Utilizing specific product knowledge of bonds, debt securities, repurchase agreements and interest rate swap derivatives to ensure accurate P&L reporting;
• Utilizing valuation knowledge to implement price verification policy for inventory held at Fair value;
• Utilizing fair value hedge accounting for financial instruments to ensure compliance with FAS 138;
• Utilizing knowledge of self-service tools to improve operational efficiency around P&L reporting process;
• Utilizing knowledge of regression (statistics) and analyze to ensure compliance with FAS 138.