Full Job Description
Product Controller Associate-264686
Federal Reserve Bank of New York
Primary Location NY-New York City
Full-time / Part-time Full-time
Employee Status Regular
Overtime Status Exempt
Job Type Experienced
Shift Day Job
Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems. It is a challenge that demands the skills of a financial service professional and the intelligence of an academic—all combined with a passion for public service.
What we do:
The Corporate Controllers team is responsible for the accounting and financial reporting related to the Special Purpose Vehicles (LLCs or Facilities) established by the Federal Reserve Bank of New York (Bank) in response to COVID-19.
You will support the Bank’s Controllers accounting and financial reporting team and the Markets Group. You will perform and review operational processing, accounting and reporting activities including the production of annual audited financial statements for each of the LLCs.
Your role as Product Controller Associate:
Review daily operations and transactions processed related to the activity of the LLCs.
Working with accounting administrators (external vendors) to collect and validate accounting and financial reporting.
Prepare and review periodic accounting and recording of LLC activity in the Bank’s general ledger.
Troubleshoot accounting and control issues with the Controllers team, Markets’ staff and external vendors.
Prepare daily, weekly, monthly, and quarterly financial reporting including performing, and analyzing associated reconciliations.
Prepare, review and reconcile periodic public disclosure and transparency reporting of the Bank and Federal Reserve System.
Prepare periodic securities valuations and related valuation analysis with independent third-party vendor prices.
Prepare annual financial statements for integrated audit and public disclosure.
Work with internal (including System) and external auditors and Treasury governance bodies for the annual audit or other specialized audits.
Ensure compliance with internal procedures and financial reporting controls. Update SOX narratives and develop internal controls over financial reporting.
Engage supervisors for guidance, escalate issues, and update supervisors and immediate managers.
What we are looking for:
Knowledge of internal controls and accounting operations
Experience with Excel macros, SQL queries a plus
Bachelor's degree in accounting or finance
CPA a plus
5+ years of relevant work experience such as Fund Accounting, Product Controllers or Public Accounting with knowledge or experience with the following: fixed income products (Corporates, ABS, commercial paper, municipals, US Treasuries)
Our organization offers benefits that are the best fit for you at every stage of your career:
Fully paid Pension plan and 401k with Generous Match
Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)
Subsidized Public Transportation Program
Tuition Assistance Program
Onsite Fitness & Wellness Center
Flexible Work Arrangements
And more which you can find here
The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.