Capital Markets Controller - Remote

Zions Bancorporation, N.A. (NYSE: ZION) is a premier financial services company with ~$100B in assets operating through 8 brands in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.  With a leading market share in small and middle-market banking, the Bank’s 500+ client managers and 200+ wealth advisors have vigorous client development strategies that feed into Zions Capital Markets.  

Zions Capital Markets 

Zions Capital Markets provides targeted, client-driven financing and advisory solutions to help companies across our markets raise capital efficiently, hedge financial risks, and execute strategic transactions effectively.  Our approach is simple – help clients we know connect and tell their story to investors we know well. 

Zions Capital Markets brings “bulge bracket” solutions to the business customers of our local affiliates, as the platform is continually expanding our product capabilities to meet the evolving needs of our client base. We have teams of experienced professionals operating from offices in Salt Lake City, Houston, Los Angeles, Charlotte, Dallas, Ft. Lauderdale, and Orange County. 

Zions Accounting 

This role will fall within the Zions’ Enterprise Accounting which provides the accounting for Zions Bancorporation’s affiliate companies including, month end close and consolidation of company general ledgers, recording daily cash transactions, monthly income and expense accruals, reconciliations and research of nightly process clearing general ledgers, and accounting support for the banks business units. We also work with the bank’s internal and external auditors to provide supporting documentation as requested. Our focus is on standardizing and automating as many processes as possible to free up time for critical thinking activities. 

We are seeking a highly skilled and experienced Capital Markets Accounting Manager to join our team. The ideal candidate will have a strong background in derivative accounting and a deep understanding of capital markets. This role will be responsible for overseeing the accounting and financial reporting of derivative instruments, ensuring compliance with relevant regulations, and providing valuable insights to support strategic decision-making. This role requires close collaboration with 1st line business stakeholders, where we are looking for an asset class process owner who will work closely with Trading, Operations, Finance and Accounting, and Operational Risk teams.

The ideal candidate stays abreast of recent derivative regulatory developments, analyzing trends through peer analysis to provide guidance on regulatory developments as well as recommend best practices for firmwide accounting on derivatives. This role can be fully remote for candidates not located in markets where Zions has a presence. Candidates must reside in the United States. This role requires periodic travel (10-20%) where more frequent travel during the initial ramp up period may be required.  

Key Responsibilities:

• Oversee the accounting and financial reporting for all derivative instruments, including interest rate swaps, currency swaps, options, and futures.
  
• Ensure compliance with relevant accounting standards (e.g., GAAP) and regulatory requirements.
  
• Develop and maintain derivative accounting policies, procedures, and internal controls.
  
• Perform hedge effectiveness testing and ensure proper documentation of hedge relationships.
  
• Execute independent price verification (IPV) of complex derivative instruments with a strong attention to detail to ensure accurate fair value measurement.  
  
• Prepare and review financial statements, disclosures, and other regulatory filings related to derivatives. 
  
• Assist in the development and implementation of strategies to manage financial risks associated with derivative instruments.
  
• Collaborate with treasury, risk management, and other finance teams to provide accurate and timely financial information.
  
• Monitor market trends and developments in derivative accounting to ensure the company's practices remain current and compliant.
  
• Capable of advising capital markets leadership of any anticipated regulatory market developments and the associated impact to the business.
  
• Support internal and external audits related to derivative accounting.
  

Qualifications:

• Bachelor's degree in Accounting, Finance, Economics, or a related field. 
  
• 6-10 years of public company accounting experience with at 5+ years of experience with derivative products, Capital Markets or a related role.
  
• Strong knowledge of US GAAP reporting requirements including bank financial statements and derivative disclosures.
  
• Familiarity with derivative regulatory requirements (e.g., Dodd-Frank, MiFID, and Basel Regulations) and capable of validating Capital
• Markets trading activities comply with said requirements.
  
• Understanding of Sarbanes Oxley (SOX) and financial reporting process controls experience for derivatives trading preferred.
  
• Understanding of the major fixed income derivative asset classes (i.e., interest rate FX, credit and commodities).
  
• Understanding of financial modeling and valuation of derivative instruments.
  
• Excellent analytical and problem-solving skills.
  
• Effective communication and interpersonal skills.
  
• Ability to work independently and as part of a team.
  
• Advanced proficiency in Microsoft Excel and other financial software (e.g., Bloomberg, Reuters).
  

Preferred Qualifications:

• Master's degree in Accounting, Finance, or a related field. 
  
• CPA or equivalent certification.
  
• Experience working in financial services or similar regulated industries.
  
• Knowledge of regulatory requirements and market trends related to derivative instruments.
  
• Familiarity with treasury management systems and financial reporting tools (experience with Calypso preferred).
  
• Prior experience conducting independent price verification testing and price reconciliations to ensure the appropriateness and accuracy of our GL postings.
  
• Deep understanding of ISDA agreements and practices, the Depository Trust and Clearing Corp. (DTCC) Global Trade Repository (GTR) rulebook, and related regulatory regimes under Basel Framework and the Uncleared Margin Rule (UMR).
  
• Past experience monitoring and tracking regulatory rulemaking development.

Pay Range:

• $135,000 to $170,000 (based upon relatable skills, experience and location)

Benefits:

• Competitive salary and performance-based bonuses commensurate with experience.
  
• Comprehensive health, dental, and vision insurance starting day 1.
  
• Retirement savings plan with employer match.
  
• Opportunities for professional development and career advancement.
  
• Flexible work arrangements and a supportive work environment.