Manager, Derivatives & Hedging - Treasury Support Services

Job description

The Manager- Derivatives & Hedging - Treasury Support Services (“TSS”) is part of the American Express Global Controllership Organization. TSS plays a significant role in the external reporting for the Company including, SEC and Bank Holding Company filings, earnings releases, earnings supplements, and investor presentations/analysis.

This role is responsible for assisting in ensuring appropriate and consistent accounting and reporting for the Company's derivatives portfolio, which includes:

• Monitoring and application of emerging US GAAP related to derivative accounting & valuations
• Quarterly analysis and reporting of derivative activities to SEC and the FED
• Lead or support various derivatives related projects

Responsibilities include:
Business Advisory: Assisting in providing ongoing subject matter expertise on:
• Accounting and reporting for derivative transactions under ASC 815
• Foreign currency transactions under ASC 830
• Fair value measurements under ASC 820
• Other comprehensive income especially in relation to cumulative translation adjustment

Quarterly Reporting:
• Assisting in ensuring compliance with hedge accounting, including hedge documentation, effectiveness assessment and ineffectiveness measurement under ASC 815
• Performance of detailed analysis of market impacts on the derivative portfolio
• Preparation/review of footnotes for AXP and major legal entities' financials, review and compilation of MD&A disclosures, and detailed review of related regulatory filings.
• This position will work closely with Treasury's global liquidity, exposure management, valuation, external reporting and global accounting policy groups.
• The individual filling the role must also build successful relationships with business partners (e.g. Treasury, Financial Reporting, Investor Relations, Legal and Tax).
• Additional responsibilities include participation in various ad hoc projects, creating, updating and monitoring compliance with accounting policies in the Treasury area.

Desired profile

Required Skills:
2-5 years experience in finance and accounting – Big 4 experience preferred.
• Fair understanding of US GAAP (ASC 815, 820 and 830) and regulatory requirements for Bank Holding Companies
• Good collaborative, relationship building experience.
• Excellent communication and organizational skills.
• Experience in Treasury/Treasury Controllership and/or knowledge of capital markets is a plus. Educational requirement:
• Bachelors Degree in Accounting or Finance required; CPA preferred.

American Express is an equal opportunity employer and makes employment decisions without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability status, or any other status protected by law. Click here to view the "EEO is the Law" poster and supplement and the Pay Transparency Policy Statement .

If the links do not work, please copy and paste the following URLs in a new browser window: http://www.dol.gov/ofccp/regs/compliance/posters/ofccpost.htm and http://www.dol.gov/ofccp/pdf/EO13665_PrescribedNondiscriminationPostingLanguage_JRFQA508c.pdf