US GAAP Accounting Policy Expert
Description: Reporting to Regional Head of Group Technical Accounting, assisting in the delivery of technical guidance on FASB CECL and C&M standards (as well IFRS 9 counterparts) and related technical consultation supporting local implementation thereof for the US Holding Co. under the Federal Reserve Enhanced Prudential Standards and for local Branch reporting. Gain knowledge and experience in broadly applying IFRS and US GAAP accounting rules to transactions and products in the US region. Work closely with Finance colleagues and GTA team members to provide US GAAP analyses and implementation guidance on new CECL and classification & measurement financial instruments standards. Interact effectively with senior management and staff from across the different functions and business divisions. Interact effectively with regulators and support the Americas Regional Control team in responding to questions / issues related to the application of US GAAP and/or IFRS Provide updates for senior management on US GAAP/IFRS standards and changes Work effectively alongside diverse group of colleagues with different backgrounds and experience to resolve technical accounting issues. Work within virtual teams across Finance from the different functional areas to resolve technical accounting issues as they arise, bringing in expertise from other GTA team members as necessary. Provide training and development on US GAAP and IFRS to staff within the Americas region Contribute to the US GAAP / IFRS expertise of the regional control functions. Assist in evaluating US GAAP accounting risks associated with existing and proposed transactions and work with the GTA team and the appropriate control functions to address any issues which may arise. Develop and maintain US GAAP accounting policies for financial instruments, specifically CECL and classification and measurement, to address the full range of products, transactions and services relevant to the business of the US Holding Co and US branches. Assist in the analysis of new trade proposals and new business ideas across a broad array of investment banking, wealth management and asset management products / transaction to determine the appropriate US GAAP / IFRS accounting treatment. Assist in supporting industry / peer discussion groups relevant to accounting policy (IFRS and US GAAP).
Requirements: Undergraduate accounting degree Fully qualified Certified Public Accountant (CPA) Only English required, German may be useful Primary responsibilities will be local. Incidental travel to Zurich / London. Experience with providing services to and/or working for a financial services (investment banking) organization, ideally providing transaction support / national office work out of the Big Four or in a Finance function such as Product Control, Financial Reporting, Accounting Policy would be beneficial.
Preferred Qualifications: Certified Public Accountant. 8-10 years overall experience. Big Four background preferred. Transaction advisory and/or standard-setting work (US GAAP and/or IFRS) preferred. Knowledge of banking and banking products gained at a blue chip financial services organization and/or through training with one of the Big Four accountancy firms. Proven experience in dealing with technical accounting issues and operating in a financial services environment. Excellent communication and presentation skills, both oral and written. Must have ability to express opinions clearly, firmly but also sympathetically when required. Strong organizational skills including multi-tasking, prioritization and ability to maintain equilibrium under pressure. Sensitivity to UBS’s multi-cultural organization and sufficient adaptability to work effectively with people from diverse backgrounds. Interest and ability to develop or refine additional complimentary skill sets in topics such as change management and valuation.
Contact A Stan Hamlet Associate: 212. 685. 4884