Accounting Manager - Global Finance, Derivatives Accounting

McLean 1 (19050), United States of America, McLean, Virginia

At Capital One, we're building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.

Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.

Accounting Manager - Global Finance, Derivatives Accounting

About Capital One

At Capital One, we're building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.

Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.

Job Description

Global Finance supports all of Capital One's worldwide financial activities, including corporate-level financial reporting, internal control, intercompany and tax activities. Within Global Finance, the Treasury Accounting team is seeking a high-energy and forward-thinking professional to join us as a Manager focused on Derivatives Accounting.

So who are you? As a member of the Treasury Accounting team, you're solid on your accounting principles and feel comfortable owning the accounting process end-to-end. You're a self-starter that continually looks for ways to improve what we do and how we do it, including embracing new technologies. You have a great attention to detail and feel comfortable diving into the numbers to provide in-depth analysis to our various business partners. Most importantly, you're a team player that comes ready to uplift others and make Capital One a great company and a great place to work.

Major Responsibilities:

  • Partner with Capital Market team(s) to develop and assess hedging strategies
  • Manage monthly close activities related to derivatives activities and present month-end results to management
  • Identify and drive opportunities to centralize, eliminate, automate or outsource activities
  • Perform ad-hoc business analysis on derivative portfolio(s) to identify variances / trends to communicate to management and business partner team(s)
  • Perform technical research on treasury accounting issues and prepare write-ups; draft and/or review treasury-related information in the 10-K, 10-Q, earnings release and other regulatory filings for accuracy. Ensure compliance with US GAAP, SEC regulations and other regulatory guidance.
  • Partner with project management and business partner teams, to design and implement new business product / program initiatives and processes
  • Lead coordination of internal audit review and SOX compliance
  • Ad-hoc requests and special projects
  • Coach and manage associates


Characteristics we're looking for:
  • Team player capable of interacting cross-functionally and at all levels of the organization and capable of taking ownership
  • Adaptive to change, new ideas and able to prioritize with minimal direction
  • Passion for improvement and a desire to keep learning with what new technology can offer to rethink the possible, including data transformation, BI tools and automation scripting (e.g., Python)
  • Thorough knowledge of US GAAP and experience with accounting of financial instruments


Basic Qualifications:
  • Bachelor's Degree or military experience
  • At least 6 years of accounting experience, at least 6 years of financial reporting experience, at least 6 years of audit experience, or a combination
  • At least 1 year of people management experience
  • Certified Public Accounting (CPA) certification


Preferred Qualifications:
  • Master's of Accountancy and/or Master's of Business Administration (MBA) and/or Chartered Financial Analyst (CFA) and/or Financial Risk Manager (FRM)
  • 3+ years of experience in banking, 3+ years of experience in financial services, or 3+ years in a professional services firm serving clients in large banks (preferably gained with one of the "Big 4")


At this time, Capital One will not sponsor a new applicant for employment authorization for this position.


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