Job opening: Senior Accounting Policy Advisor, NB-0510-VI.2
Salary: $112 511 - 209 059 per year
Relocation: YES
Published at: Sep 16 2024
Employment Type: Full-time
As a Senior Accounting Policy Advisor, you will serve as a national resource providing accounting expertise and support for the more challenging, Community, Midsize and Large Bank issues and to develop policies specific to existing and emerging risk.
This position will be located in one of the following locations:
Washington, DC, New York, NY, Charlotte, NC, Dallas, TX, San Francisco, CA, Chicago, IL, Denver, CO, Boston, MA, Atlanta, GA, Minneapolis, MN, or Houston, TX.
Duties
As a Senior Accounting Policy Advisor, you will:
Identify and formulate accounting policies and reporting standards specific to risk issues identified at Community, Midsize and Large Banks. Bring significant risk issues to the National Risk Committee and the Capital and Accounting Policy Steering Committee for consideration.
Recommend policy revisions and coordinate policy development with representatives of other regulatory agencies as appropriate. Represent the OCA on OCC risk committees (such as the Retail Credit Risk Committee, the Commercial Credit Risk Committee and the Market Risk Committee).
Monitor and interpret the effects of domestic and international industry developments and emerging accounting issues and their impact on the supervision of national banks and federal savings associations. Understand and interpret generally accepted accounting principles. Analyze specific bank and thrift accounting practices for compliance with applicable regulatory requirements. Counsel OCC senior management and staff and senior management of national banks and federal savings associations on accounting practices and issues. Participate on OCC cross-functional teams, task forces and group projects to identify and analyze major issues affecting the banking and thrift industry and recommend policy actions.
Design and implement programs to help ensure OCC personnel are educated on new accounting standards and changes in regulatory policies. Develop and build strong working relations with Community, Midsize and Large Bank Senior Management and examiners. Conduct presentations on accounting issues at Community, Midsize and Large Bank meetings. Ensure recent policy decisions are communicated and that accounting policies is employed consistently throughout the agency.
Represent the OCA in various meetings with external accounting standard setters such as the SEC, the FASB, and the IASB, external representatives of the banking and federal savings association industry and national accounting firms and attorneys. Serve as a speaker or a conference leader at industry conferences. Plan and conduct meetings with accounting firms to exchange information and discuss emerging accounting issues. Assist in the development and implementation of OCC training programs relative to bank & federal savings associations accounting issues.
Serve as the OCA representative on Large Bank Network Groups. Work with other internal and interagency groups to ensure that systemic issues are identified and addressed.
Qualifications
You must meet the following requirements by the closing date of this announcement:
Basic Requirements:
Degree: Accounting; or a degree in a related field such as business administration, finance, or public administration that included or was supplemented by 24 semester hours in accounting. The 24 hours may include up to 6 hours of credit in business law. (The term "accounting" means "accounting and/or auditing" in this standard. Similarly, "accountant" should be interpreted, generally, as "accountant and/or auditor.")
OR
Combination of education and experience: at least 4 years of experience in accounting, or an equivalent combination of accounting experience, college-level education, and training that provided professional accounting knowledge. The applicant's background must also include one of the following:
Twenty-four semester hours in accounting or auditing courses of appropriate type and quality. This can include up to 6 hours of business law;
A certificate as Certified Public Accountant or a Certified Internal Auditor, obtained through written examination; or
Completion of the requirements for a degree that included substantial course work in accounting or auditing, e.g., 15 semester hours, but that does not fully satisfy the 24-semester-hour requirement of paragraph A, provided that
(a) the applicant has successfully worked at the full-performance level in accounting, auditing, or a related field, e.g., valuation engineering or financial institution examining;
(b) a panel of at least two higher level professional accountants or auditors has determined that the applicant has demonstrated a good knowledge of accounting and of related and underlying fields that equals in breadth, depth, currency, and level of advancement that which is normally associated with successful completion of the 4-year course of study described in paragraph A; and
(c) except for literal nonconformance to the requirement of 24 semester hours in accounting, the applicant's education, training, and experience fully meet the specified requirements.
AND
Specialized Experience:
You must have one year of specialized experience at a level of difficulty and responsibility equivalent to the next lower level in the Federal service. To qualify for the NB-VI.2 (GS-14 equivalent) level, you must have specialized experience equivalent to the next lower level, NB-V or NB-V.2 (GS-13 equivalent) band level in the Federal Service. The experience may have been gained in either the public or private sector. One year of experience refers to full-time work; part-time work is considered on a prorated basis.
Examples of specialized experience for this position include:
Experience analyzing bank or financial institution accounting practices to ensure compliance with regulatory requirements (e.g., GAAP); AND
Developing regulatory policies and guidelines for financial/banking industry. OR
Experience advising bank examiners or financial partners (i.e., banks, thrifts or other regulatory agencies on generally accepted accounting principles (GAAP) relating to financial institutions.
The experience may have been gained in the public sector, private sector, or through volunteer service. One year of experience refers to full-time work; part-time work is considered on a prorated basis.
To receive any credit for your work experience, please indicate dates of employment by month/year, and indicate the number of hours worked per week, on your resume.
Education
Please see Qualifications section for education.
Transcripts are required at the time of application.
Contacts
- Address Bank Supervision Policy/Office of Chief Accountant
400 7th Street SW
Washington, DC 20219
US
- Name: Jolena Crawford
- Phone: 202-603-2754
- Email: [email protected]