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Senior Manager, Hedge Accounting

Ripple Effect
Full Timesenior
Chicago, Illinois, United StatesPosted 4 weeks ago

Role Overview

Ripple Effect is hiring a Senior Manager, Hedge Accounting. This is a full-time role in Chicago, Illinois. Part of Ripple Effect's Treasury hiring. Full responsibilities, required qualifications, and the apply link are listed in the description below.

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RRESTIFRSTreasuryORRisk ManagementCompensationBenefits

Job description

At Ripple, we’re building a world where value moves like information does today. It’s big, it’s bold, and we’re already doing it. Through our crypto solutions for financial institutions, businesses, governments and developers, we are improving the global financial system and creating greater economic fairness and opportunity for more people, in more places around the world. And we get to do the best work of our career and grow our skills surrounded by colleagues who have our backs. 

If you’re ready to see your impact and unlock incredible career growth opportunities, join us, and build real world value.

THE WORK:

As Senior Manager, Hedge Accounting at Ripple Treasury, you lead the team that delivers technical hedge accounting excellence across our managed services client portfolio. You are the subject matter expert — the person clients, auditors, and colleagues turn to on the most complex ASC 815 and IFRS 9 questions — and the manager 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 leader who combines deep technical authority with a builder’s mindset: someone who can sit with a client through a complex hedge de-designation conversation in the morning a

WHAT YOU’LL DO:

Technical Leadership

  • Serve as the company’s primary SME for hedge accounting under ASC 815 and IFRS 9 — providing authoritative technical guidance on fair value hedges, cash flow hedges, net investment hedges, de-designation scenarios, and disclosure requirements.
  • 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) on a prospective and retrospective basis.
  • Guide clients through structuring new 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 at the Director level: final review of work product and direct engagement with external auditors on complex hedge accounting matters.

 

Team Management & Development

  • Manage, mentor, and develop the derivative accounting team.
  • Set clear performance expectations, provide ongoing coaching, and deliver meaningful feedback that accelerates career growth and strengthens technical depth.
  • Own resource planning across client engagements — balancing workload, maintaining quality, and building capacity for growth.
  • Build 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 senior escalation point for client inquiries, audit questions, and complex accounting positions across the managed services portfolio.
  • 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, technology, and client 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.
  • Proven experience managing and developing accounting teams — 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 derivative instruments across asset classes: interest rate swaps, cross-currency swaps, FX forwards, options, and commodity derivatives.
  • Demonstrated track record of designing and implementing process improvements — you leave workflows better than you found them.
  • 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.

For positions that will be based in IL, the annual salary range for this position is below. Actual salaries may vary based on numerous factors including, among other things, an individual applicant’s experience and qualifications for the position. This range does not include equity or additional compensation, such as bonuses or commissions. 

IL Annual Base Salary Range
$176,000$210,000 USD

WHO WE ARE:

Do Your Best Work

  • The opportunity to build in a fast-paced start-up environment with experienced industry leaders
  • A learning environment where you can dive deep into the latest technologies and make an impact.  A professional development budget to support other modes of learning.
  • Thrive in an environment where no matter what race, ethnicity, gender, origin, or culture they identify with, every employee is a respected, valued, and empowered part of the team.
  • In-office collaboration for moments that matter is important to our culture, and we give managers and teams the flexibility to decide which 10+ days a month they come in. 
  • Bi-weekly all-company meeting - business updates and ask me anything style discussion with our Leadership Team
  • We come together for moments that matter which include team offsites, team bonding activities, happy hours and more!

Take Control of Your Finances

  • Competitive salary, bonuses, and equity
  • Competitive benefits that cover physical and mental healthcare, retirement, family forming, and family support
  • Employee giving match
  • Mobile phone stipend

Take Care of Yourself

  • R&R days so you can rest and recharge
  • Generous wellness reimbursement and weekly onsite & virtual programming
  • Generous vacation policy - work with your manager to take time off when you need it
  • Industry-leading parental leave policies. Family planning benefits.
  • Catered lunches, fully-stocked kitchens with premium snacks/beverages, and plenty of fun events

Benefits listed above are for full-time employees. 


Ripple is an Equal Opportunity Employer. We’re committed to building a diverse and inclusive team. We do not discriminate against qualified employees or applicants because of race, color, religion, gender identity, sex, sexual identity, pregnancy, national origin, ancestry, citizenship, age, marital status, physical disability, mental disability, medical condition, military status, or any other characteristic protected by local law or ordinance.
 
Please find our UK/EU Applicant Privacy Notice and our California Applicant Privacy Notice for reference.

About Ripple Effect

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Ripple Effect

rippleeffect.com

TreasuryOn-site

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Frequently Asked Questions

How do I apply for the Senior Manager, Hedge Accounting position at Ripple Effect?

Use the Apply button above to submit your application directly to Ripple Effect. Most applications take less than 5 minutes if your resume and contact details are ready, and you'll be routed to the employer's official application system to finish.

Where is the Senior Manager, Hedge Accounting position at Ripple Effect located?

This position is based in Chicago, Illinois. Ripple Effect has not indicated remote or hybrid options for this role, so candidates should plan for on-site work.

What does a Senior Manager, Hedge Accounting at Ripple Effect earn?

Ripple Effect has not disclosed a salary range in this posting. Many employers share specifics later in the interview process; you can also ask during a recruiter screen if compensation transparency is important to you.

When was the Senior Manager, Hedge Accounting role at Ripple Effect posted?

This role was posted on June 11, 2026 (34 days ago). It's still listed as actively hiring; we re-confirm openings against the source system multiple times per day and remove closed roles.

How much experience does the Senior Manager, Hedge Accounting role at Ripple Effect require?

This is a senior-level position. Most senior roles call for 5+ years of directly relevant experience. Ripple Effect lists their specific requirements in the description below, so review the must-have qualifications closely before applying.

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