Hedging Program Fx Jobs in Chicago, IL (NOW HIRING)

THE WORK:

As Senior Manager, Hedge Accounting at Ripple Treasury, you are the subject matter expert - spanning both FX and Interest Rate risk management - the person clients, auditors, and colleagues turn to on the most complex ASC 815 and IFRS 9 questions, and the senior level expert who sets the standard the team grows into.

You own the quality and integrity of every hedge accounting deliverable we produce, from hedge documentation and effectiveness testing through journal entries, disclosures, and audit support. You develop the Derivative Accountants and the broader team. And you drive the process discipline that makes our practice scalable - building the workflows, templates, and operational habits that let us do exceptional work efficiently, quarter after quarter.

This role is for a senior level practitioner and leader who combines deep technical authority, hands-on delivery responsibility, and a builder's mindset.

WHAT YOU'LL DO:

Technical Leadership

• Serve as the primary SME for hedge accounting under ASC 815 and IFRS 9, advising clients directly on establishing and executing their FX and Interest Rate hedge programs - including hedge designation, effectiveness testing methodology, de-designation scenarios, and disclosure requirements - providing authoritative, audit-defensible technical guidance across fair value, cash flow, and net investment hedges.
• Review and approve hedge documentation, designation memos, risk management objectives, and effectiveness testing methodologies across the client portfolio.
• Oversee quantitative and qualitative effectiveness assessments (regression analysis, dollar-offset, hypothetical derivative method) across FX and Interest Rate hedge relationships, on a prospective and retrospective basis.
• Guide clients through structuring new FX and Interest Rate hedging relationships to achieve qualification and optimize accounting outcomes.
• Translate FASB and IASB standard updates into clear, actionable impact summaries for clients and internal teams - before the deadline, not at it.
• Lead audit support: own final review of work product and direct engagement with external auditors on hedge accounting matters, escalating contested or precedent-setting positions to the Head of Managed Services.

Team Management & Development

• Mentor and develop Derivative Accounting team members.
• Provide ongoing coaching, guidance, and feedback that strengthens technical depth and delivery effectiveness of Derivative Accounting team members.
• Promote and reinforce a team culture grounded in technical rigor, accountability, and continuous improvement.

Process Improvement & Operational Excellence

• Identify and implement process improvements across the hedge accounting lifecycle - from trade capture and documentation through close, disclosure, and audit response.
• Develop, document, and maintain standardized workflows, templates, and close checklists that scale across a growing client portfolio.
• Evaluate and leverage technology solutions that increase accuracy, reduce manual effort, and improve efficiency.
• Establish and track team KPIs for delivery quality, timeliness, and client satisfaction; use data to drive decisions.
• Lead retrospectives after each close cycle to capture what worked, what didn't, and what changes before next quarter.

Client Service & Cross-Functional Collaboration

• Serve as the first-line escalation point for client inquiries, audit questions, and complex accounting positions across the managed services portfolio - resolving what falls within established practice standards, and flagging anything novel or contested upward.
• Build trusted relationships with client treasury, accounting, and finance leadership - advising at a strategic level, not just executing deliverables.
• Partner with Ripple Treasury's Product, Implementation, and Customer Success teams to inform platform capabilities and service design.

WHAT YOU'LL BRING: 

• CPA required; advanced degree in Accounting or Finance a plus.
• 10+ years of progressive accounting experience, with at least 7 years focused on derivative instruments and hedge accounting under ASC 815 and IFRS 9, spanning both FX and Interest Rate risk management.
• Proven experience in developing accounting team member expertise - in public accounting, managed services, or corporate finance.
• Deep technical fluency in ASC 815 and IFRS 9, including practical hedge accounting elections, effectiveness testing methodologies, and disclosure requirements - you can research, interpret, and apply the standards independently.
• Strong understanding of FX derivative instruments (FX forwards, options, cross-currency swaps) and interest rate derivative instruments (interest rate swaps, caps, floors, collars), and the distinct hedge accounting considerations each presents.
• Demonstrated track record of designing and implementing process improvements.
• Experience with hedge accounting platforms (Ripple Treasury, Chatham Financial, Reval, FIS Quantum, or comparable TMS) strongly preferred.
• Comfortable managing multiple client engagements simultaneously - precise, organized, and able to prioritize under tight deadlines.
• Strong communicator: you make complex accounting conclusions accessible to non-technical audiences, and you hold your ground on technical positions when it matters.